R Wolfe Wave

The R Wolfe Wave indicator analyses price action and transforms the accumulated data into a powerful Wolfe Wave chart pattern technical tool.
In essence, the R Wolfe Wave chart pattern can be either bullish or bearish and might help traders to open buy and sell trades without any lagging indicators.

Key Points

  • Identifies powerful Wolfe Wave patterns
  • For advanced traders
  • Works for any currency pair
  • Well worth adding to your indicator collection

This indicator can work together with any existing trading strategy or system as a trend confirmation tool.

Basic Trading Signals

BUY

  • Go long when price breaks above the bullish Wolfe Wave technical pattern.
  • Set stop loss below the Wolfe Wave trading pattern.
  • Exit the buy trade for a predetermined profit target.

SELL

  • Go short when price breaks below the bearish Wolfe Wave technical pattern.
  • Set stop loss above the Wolfe Wave trading pattern.
  • Exit the sell trade for a predetermined profit target.

Adjustable Parameters & Settings

Depth, deviation, back step, colors, style

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

Characteristics

Currency Pairs: Any

Trading Platform: Metatrader 4

Time Frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Indicator Type: Price action


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