• Overview
  • Reviews (1)
  • Comments (7)
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Wolfe Waves Builder

This unique indicator automatically builds Wolfe Waves.


Features

  • Finds the points and builds the lines automatically.
  • Price movement forecast.
  • High efficiency.
  • ZigZag is not used.
  • No redraws, no lags.
  • Ease of use
  • At the moment, this is the most perfect indicator of that sort.
  • Arrow and alert for novices.


Bill Wolfe Entry Rules

Rules for Wolfe bearish wave structure:

  • Point 2 – base.
  • Point 3 – first rally top.
  • Point 1 – top before point 2 (base) exceeded by point 3.
  • Point 4 – fall base after point 3.
  • Point 5 – top after point 4 able to exceed the continued trend line from 1 to 3.
  • Point 5 is an entry point for moving to EPA line (1 - 4).
  • Estimated Time at Arrival (ETA) is a top* of the continued trend lines crossing from 1 to 3 and from 2 to 4.
  • Trend line from 1 to 3 and trend line from 2 to 4 should converge.
  • Estimated Price at Arrival (EPA) is a top of a trend line from 1 to 4 during ЕТА.

Rules for Wolfe bullish wave structure:

  • Point 2 – top.
  • Point 3 – first fall base.
  • Point 1 – base before point 2 (top) that exceeded point 3.
  • Point 4 – rally top after point 3.
  • Point 5 – base after point 4 able to exceed the continued trend line from 1 to 3.
  • Point 5 is an entry point for moving to EPA line target (1 - 4).
  • Estimated Time at Arrival (ETA) is a top* of the continued trend lines crossing from 1 to 3 and from 2 to 4.
  • Trend line from 1 to 3 and trend line from 2 to 4 should converge.
  • Estimated Price at Arrival (EPA) is a top of a trend line from 1 to 4 during ЕТА.


Usage

When number 5 or the arrow appears, enter the market and keep the deal open till the price reaches the line 1-4. Keep in mind that this may not happen at all times. We recommend launching the indicator on several timeframes to see all the models. Do not open orders mindlessly while trading. Currently, not all models are displayed correctly, but we are working on the issue.


Settings

Options Settings
p1type Displaying point 1, First – close to point 3 level, Last – the closest to point 2, All – display all points 1 (recommended)
EnableAlertOnPoint5 An audio signal and a message when number 5 appears indicating the high time to enter the market
HTL_InMemory Number of displayed older period models on history
LTL_InMemory Number of displayed younger period models on history
DisplayPointNumbers Show/hide Wolfe wave numbers
Draw_Channel Show/hide the equidistant channel by points 2-3-4 (allows to see Sweet Zone displaying potential entry point)
Draw_WW Show/hide lines 1-3, 2-4 of a Wolfe wave model
Draw_arrows_WW_5 Show/hide the arrows at point 5 indicating market entry
HTL_Draw Display older period Wolfe waves, the larger models
LTL_Draw Display younger period Wolfe waves, the smaller models
MaxWWTargets The number of displayed points 1 when searching for potential point 5

Good luck!

Aravind
1367
2016.10.30 17:32 
 

Very good.

Version 2.22 - 2015.05.22
1. Added point 1 semaphore option, as well as point 1 semaphore and fractals together with semaphore priority. If no such point is present, the fractals are used.
2. Added pattern forming rule - point 1 is higher that point 4.
3. Fixed point layout.
4. The indicator sets a future target level where the price will reverse.
5. Added Head and Shoulders pattern to calculate patterns only on actual trends.