Wolfe waves ultra for MT5

The indicator automatically draws Wolfe waves.

The indicator uses Wolfe waves found in three timeframes. This indicator is especially accurate because it waits for a breakout in the wave direction before signaling the trade.

Recommended timeframe: М1.

Indicator features

• Amazingly easy to trade.
• The indicator is able to recognize all the patterns of Wolfe waves in the specified period interval.
• It is a check of potential points 1,2,3,4,5 on every top, not only the tops of the zigzag.
• Finds the points and builds the lines automatically.
• Trade reliable price reversals in three timeframes
• A cutting-edge tool for beginners and experienced traders.
• Arrow and alert for those who don't know how to use Wolfe waves.
• Alert, Sound, Email and PUSH are available in the indicator.
• The indicator has a minimum of adjustable parameters:
• The last point of the wave is redrawn as the pattern expands (can be customized).
• An alert and an arrow are displayed when the pattern forms and also when the wave+price breakout takes place.

Settings

Setting waves maximum

• include wave maximum - enable/disable Wolfe maximum.
• MaxHistoryBars - lookback period.
• Period - the number of bars used for the indicator calculations..
• color lines - wave color.
• color line 1-4

Setting waves normal

• include wave normal - enable/disable Wolfe normal.
• MaxHistoryBars - lookback period.
• Period - the number of bars used for the indicator calculations..
• color lines - wave color.
• color line 1-4

Setting waves minimum

• include wave minimum - enable/disable Wolfe minimum.
• MaxHistoryBars - lookback period.
• Period - the number of bars used for the indicator calculations..
• color lines - wave color.
• color line 1-4
• High up points 1,2,3,4,5 - distance of high points 1.2.3.4.5.
• Low down points 1,2,3,4,5 - distance of lower points 1.2.3.4.5.
• On what number bars move line, ( 0 = zero bar ) - number of bars to shift lines (0 = zero bar).
• number of waves in each period: - this is the number of waves at a time: e.g. "on one wave" - the last wave is deleted and a new one is drawn instead; "in two waves" - the last wave stays, two waves will be available on the chart.
• Setting notice - set the notification of the Wolfe waves occurrence
• alert - alert on/off (popup message).
• email - enable/disable the email alert.
• PUSH - enable/disable push notifications.
• sound signal - enable/disable the sound alert.
• name sound signal - the name of the sound wav file.