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Wolfe waves modified

This unique indicator automatically builds Wolfe Waves.


  • Finds the points and builds the lines automatically.
  • Efficient trading strategy.
  • No redraws, no lags.
  • The indicator relaunch button is located directly on the chart.
  • The indicator has multiple configurable parameters.


If number 5 appears, wait till the first candle is closed behind Moving Average, then look at the three center lines showing what lot volume should be used if the fifth dot crossed the line 25%. The candle is closed behind Moving Average, and then we open a trade with the lot: = (Let's apply the lot of, say, (0.40), divide it into four parts and open a quarter of the lot (0.10)). If the fifth dot crossed the line 100% (1-3) and the candle closes behind Moving Average, we open a deal with a lot: = (total volume 0.40). The deal remains open till the price reaches the line 1-4. Please note that sometimes the price does not reach the line. Trailing stop is recommended.

Tips on using the indicator in the strategy tester

To restart the indicator, delete the red square in the right corner.

Notes: entry points are displayed on the screenshots.

Main Parameters

  • Parameters indicator - setting the main indicator parameters.
    • MaxHistoryBars - amount of history bars to be checked.
    • Depth - minimum amount of candles, at which the indicator cannot build the second maximum/minimum if the first parameter conditions are suitable for construction.
    • Deviation - minimum values of the amount of points between Highs and Lows of the two adjacent candles suitable for the indicator to form a local peak or bottom.
    • Backstep - minimum amount of candles between local Lows and Highs. Changing the parameter affects the indicators' sensitivity. If we reduce the data for the system calculation, the amount of extremums is increased.
  • On what number bars move line, (0 = zero bar) - amount of candles, by which the lines are moved (if 0 = zero bar).
  • width (Wolfe Waves), (0 = automatic settings) - width (Wolfe waves) (if 0, automatic adjustment).
  • show Wolfe Waves: if signal falls under selected (%) - draw Wolfe waves: if the signal falls within selected ones (%).
    • Select signal - define the waves. The higher the percentage, the more strict conditions for the determination of the wave.
  • if (Wolfe Waves) not finds wait N bars, then continue search - if Wolfe waves are not found, wait for N candles and then continue the search.
    • timeout N bars - timeout of N candles.
  • SETTINGS FOR BREAKDOWN (WOLFE WAVES) - breakthrough settings (Wolfe waves).
  • number bars closed for line. (1 - 3) or more, for adjustment (Wolfe Waves) - amount of candles closed behind the line. 1-3 or 2-4 for restructuring the Wolfe waves.
  • (true = closed bars on direction trend) , (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars (0 = Off.) - amount of candles (0 = disabled).
  • number bars closed for line. (1 - 4), for adjustment (Wolfe Waves) - amount of candles closed behind the line (1-4) for restructuring the Wolfe waves.
  • (true = closed bars on direction trend), (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars (0 = Off.) - amount of closed candles (0 = disabled).
  • OPTIONS FOR SHOWING OFF (WOLFE WAVES) - Wolfe waves drawing parameters.
  • show Wolfe Waves: if line 1-3 or more, was broken, and closed less N bars - display the Wolfe wave: if the line 1-3 or 2-4 was broken and less than N candles were closed.
  • (true = closed bars on direction trend), (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars closed for line, for depiction (0 = Off) - amount of candles closed behind the line for drawing the Wolfe waves (0 = disabled).
  • setting notice when the emergence of Wolfe wave - set the notification of the Wolfe waves occurrence.
    • alert - enable/disable the alert (message on the screen).
    • email - enable/disable the email alert.

Good luck!

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JULY OFFER 80% OFF next price for unlimited version will be 17000$. This is the only time you can get this institutional and professional indicator at this price for unlimited version. Don't dare to miss this. The tool I am about to introduce to you you can't compare it with other tools due to its strategy and accuracy level in predicting the next price directional movement . This tool is designed for serious traders who have decided to make a difference through trading. Be the next person to wi
Legacy of Gann
Pavel Zamoshnikov
4.85 (13)
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
Descubra o segredo da negociação forex bem -sucedida com nosso indicador MT4 personalizado! Você já se perguntou como obter sucesso no mercado de Forex, obtendo lucros consistentemente e minimizando o risco? Aqui está a resposta que você está procurando! Permita -nos apresentar nosso indicador proprietário do MT4 que revolucionará sua abordagem à negociação. Versatilidade única Nosso indicador foi projetado especialmente para usuários que preferem as formações de vela Renko e Rangebar. En
Trend Line Map Pro
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NAM Order Blocks
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Indicador de detecção de blocos de pedidos de multi-timeframe MT4. Características - Totalmente personalizável no painel de controle do gráfico, fornece interação completa. - Oculte e mostre o painel de controle onde quiser. - Detectar OBs em vários períodos de tempo. - Selecione a quantidade de OBs para exibir. - Interface de usuário de OBs diferente. - Filtros diferentes em OBs. - Alerta de proximidade OB. - Linhas ADR de alta e baixa. - Serviço de notificação (alertas de
AW Trend Predictor
AW Trading Software Limited
4.74 (39)
A combinação de níveis de tendência e quebra em um sistema. Um algoritmo de indicador avançado filtra o ruído do mercado, determina a tendência, os pontos de entrada e os possíveis níveis de saída. Os sinais indicadores são registrados em um módulo estatístico, que permite selecionar as ferramentas mais adequadas, mostrando a eficácia do histórico do sinal. O indicador calcula as marcas Take Profit e Stop Loss. Manual e instrução ->   Aqui   / versão MT5 ->   Aqui Como negociar com o indicador:
Entry Points Pro
Yury Orlov
4.7 (226)
Este é um indicador para MT4 que fornece sinais precisos para entrar em uma negociação sem redesenhar. Ele pode ser aplicado a qualquer ativo financeiro: forex, criptomoedas, metais, ações, índices. Ele fornecerá estimativas bastante precisas e informará quando é melhor abrir e fechar um negócio. Assista o vídeo (6:22) com um exemplo de processamento de apenas um sinal que compensou o indicador! A maioria dos traders melhora seus resultados de negociação durante a primeira semana de negociação c
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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The indicator colors bullish, bearish and doji candles. Also, the amount of candles (bullish, bearish and doji) for the last N days is calculated. You can select colors for both bodies and shadows of candles. You can also enable coloring only candle bodies. МetaТrader 5 version:  https://www.mql5.com/en/market/product/11649 Parameters color bulls = color of bullish candle bodies color shadow bulls = color of bullish candle shadows color bears = color of bearish candle bodies color shadow bears =
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EA Fox
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Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result. It uses a system of filtering false signals. The EA uses adaptive trailing stop. The EA uses a ver
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EA Leonardo
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EA Gladiator
Ruslan Pishun
This long-tern Expert Advisor uses 2 trading strategies: The first strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Takeprofit or Stoploss, or the EA will close the group of trades when it exceeds a certain profit. The EA uses a smart filter to gradually capture profit. If there is a reversal in the trend, it will not add extra trades. The second strategy tracks the trend reversals. Also with thi
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Versão 1.15 2021.01.29
Improved some features.
Versão 1.14 2020.06.12
Improved some features.
Versão 1.12 2020.05.22
Fixed minor bugs.