Real Waves MTF

2

The indicator shows the real waves of four (selectable) timeframes on the current chart, displaying the wave structure of the market. The indicator is able to monitor the formation of waves in real time. It informs the trader when the wave of the current or higher timeframe is completely formed. It visualizes waves starting from the current timeframe and higher. Convenient and customizable visualization of the wave structure of the market.

When using this indicator, there is no need to manually apply the wave markup for the working timeframes. The algorithm for determining the waves has nothing to do with ZigZag. The indicator will be very useful to traders who apply wave analysis based on the Elliott wave theory. The indicator can work on any instruments (currency pairs, stock market, gold, etc.) without the need to adjust to each instrument.


Parameters

  • QuantityOfBars - history depth in bars. If a large amount of history is available in the terminal, it is necessary to limit the depth of history to be analyzed by the indicator.
  • Working bar: from 0 to 2 - the bar after which the indicator checks the relevance of the last extremum.
  • TimeFrames of the waves you want to see - timeframes to display the waves from. Suitable values are from "1 minute" to "1 month". If the specified timeframe is smaller than the current, the specified timeframe will be set equal to the current.
    • TimeFrame_1=5 Minutes;
    • TimeFrame_2=15 Minutes;
    • TimeFrame_3=30 Minutes;
    • TimeFrame_4=1 Hour;
  • Show the waves of timeframes - show the waves of the selected timeframe on the current chart, true/false.
    • show_waves_TimeFrame_1=true;
    • show_waves_TimeFrame_2=true;
    • show_waves_TimeFrame_3=true;
    • show_waves_TimeFrame_4=true;


Examples

Screenshot 1 shows the indicator parameters.

Screenshots 2-3 show the examples of automatic wave markup on the M5 timeframe with М5, М15, М30 and Н1 waves.

Screenshot 4 shows the example of automatic wave markup on the M1 timeframe with М5, М15, М30 and Н1 waves.

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TREND LINES PRO    helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5     -     Reveals its maximum potential when paired with the   RFI LEVELS PRO  indicator What the indicator shows: Real shifts   tren
Legacy of Gann
Pavel Zamoshnikov
4.83 (12)
Indicators
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
RFI levels PRO
Roman Podpora
5 (1)
Indicators
The indicator accurately shows the reversal points and price return zones where the   Major players . You see where new trends are forming and make decisions with maximum precision, maintaining control over every trade. VERSION MT5     -     Reveals its maximum potential when combined with the   TREND LINES PRO   indicator What the indicator shows: Reversal structures and reversal levels with activation at the beginning of a new trend. Display of   TAKE PROFIT   and   STOP LOSS   levels with mi
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RealWaves
Mikhail Reva
2 (1)
Indicators
The indicator shows the real waves, based on alternating upper and lower extremums of the price chart, thus displaying the wave structure of the market. When using this indicator, there is no need to manually apply the wave markup for the current timeframe. Relevance of the extremums is determined in the process of their calculation, invalid extremums are not taken into account. Upper extremums are calculated by the bars highs, while lower ones are calculated by the bars lows. Only one bar is co
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Fxpro Trader Technical
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Fxpro Trader Technical 2021.05.14 05:40 
 

Same thing again must update and improve indicator, my mt4 freezes a few times, I need to shut the terminal and removed the chart and the indicator completely, I can't use it even thpught i set 500 bars to look back, althought is waste of money, but i hope the coder will improve and take the comment / review seriously to make indicator run smoothly, hope to see some future update. Thanks

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