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YY Multi Waves MT5

3.67

            This indicator displays the wave structure of the market in the form several wave levels nested in each other. For each of these levels an automatic preliminary (draft) marking of waves in Elliott's style (123..., ABC... etc.) is created. This markup is completely automatic and absolutely univocal. The indicator is especially useful for beginner wave analysts, because among all the possible versions for wave marking, it allows you to immediately take the most adequate version as a basis, which in the future requires only some (usually small) improvements. For experienced wave analysts, this indicator will also be interesting, because it allows to compare its readings with their own vision of the market wave situation.

 

            The general appearance of the indicator is shown on slides 1 and 2. Intotal, the indicator can display from one to four wave levels on the screen. Each of these levels has its own designation: from W1 (for the most minor) to W4 (for the most major). Each level is displayed in its own color in the form of lines and / or markings.

            The most minor wave level W1 is built on the basis of the zero level, which is denoted as W0. The Mono Waves indicator is used as a zero wave level. This indicator is not part of the Multi Waves indicator, but if desired, it can be downloaded for free in the Market. Please note: the Multi Waves indicator for the wave level W0 only labels its waves (shown in slide 1 in red), and its wave line does not draw. If there is still a need to draw this line, then you should download the Mono Waves indicator (using the free link above) and install it on the chart together with the Multi Waves indicator (and with the same parameter values ​​as Multi Waves).

            Each next (major) wave level is built on the basis of the previous (minor) wave level according to the procedure below (see the section entitled "Z‑like and T‑like structures"). For example, the level W2 is built on the basis of the wave level W1.

 

            Parameters

 

            The indicator has the following main parameters:

 

  • Base Mono W0 line: Channel Width in Points – zero wave level: channel width in points;
  • Base Mono W0 line: Channel Width in Percents – zero wave level: channel width in percents;
  • Draw MultiWave lines – how many wave levels to display;
  • Show W0 labels – show (or not) wave marking for zero wave level;
  • Show W1 – what to show for the first wave level: only its line, or only its marking, or both, or not show anything;
  • Show W2 – analogically, to what to show for the second wave level;
  • Show W3 – same for third level;
  • Show W4 – same for the fourth.

 

            The first two parameters are used to adjust the zero (base) wave level. Since the Mono Waves indicator (the link to which is given above) is used as this zero level, these two parameters are factually the settings for this indicator.

            In addition to the specified parameters, there are also parameters: for choosing the color, as well as the thickness and line style for each of the wave levels W1 – W4.

 

         Z‑like and T‑like structures

 

            In order to understand the principle of operation of this indicator, should first recall one of the classic definitions of a trend. For the up trend: “Each next top is higher than the previous top, and each next bottom is also higher than the previous bottom” (see slide 3a). For a trend down, this definition will be the opposite: “Each next top is lower than the previous top, and each next bottom is also lower than the previous bottom” (see slide 3b).

            And if you slightly change the first of these definitions, for example, this way: "Each next top is higher than the previous top, and each next bottom is lower (and not higher) than the previous bottom". What will happen then? This will be some expanding formation (see slide 3c). This figure, undoubtedly, refers to one of the variants of the sideways trend (i.e., it does not refers to the upward or downward trend).

            Now we will slightly change ... (see continued description on the Comments tab).

 


Comentários 5
Heitor Leal Farnese
229
Heitor Leal Farnese 2021.07.10 08:03 
 

I like it. Gives me more confidence while trading.

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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
Trend Line Map Pro MT5
STE S.S.COMPANY
4.88 (8)
O indicador Trend Line Map é um complemento do Trend Screener Indicator. Ele funciona como um scanner para todos os sinais gerados pelo Trend screener (Trend Line Signals). É um Trend Line Scanner baseado no Trend Screener Indicator. Se você não tiver o Trend Screener Pro Indicator, o Trend Line Map Pro não funcionará. It's a Trend Line Scanner based on Trend Screener Indicator. If you don't have Trend Screener Pro Indicator,     the Trend Line Map Pro will not work . Acessando nosso Blog
Professional Scalping Tool on Deriv Attention! The indicator will be sold in limited quantities!!! Description: This trading indicator is designed for professional traders focused on scalping. Designed with the market in mind, it provides highly accurate spike trading signals. It works on the M1 timeframe and supports the following symbols: Boom 300 Index, Boom 500 Index, Boom 1000 Index, Crash 300 Index, Crash 500 Index, Crash 1000 Index. Functional Features: - Direction: - Trading is ca
Cansado de traçar linhas de suporte e resistência? A Resistência de suporte é um indicador de período múltiplo que detecta e plota automaticamente linhas de suporte e resistência no gráfico com um toque muito interessante: conforme os níveis de preços são testados ao longo do tempo e sua importância aumenta, as linhas se tornam mais espessas e mais escuras. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Melhore sua análise técnica da noite para o d
Blahtech Supply Demand MT5
Blahtech Limited
4.57 (14)
Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
Apresentando       Quantum Breakout PRO   , o inovador Indicador MQL5 que está transformando a maneira como você negocia Breakout Zones! Desenvolvido por uma equipe de traders experientes com experiência comercial de mais de 13 anos,       Quantum Breakout PRO       foi projetado para impulsionar sua jornada comercial a novos patamares com sua estratégia de zona de fuga inovadora e dinâmica. O Quantum Breakout Indicator lhe dará setas de sinal em zonas de breakout com 5 zonas-alvo de lucro e
Auto Order Block with break of structure based on ICT and Smart Money Concepts Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   ,  MTF      ( Multi Time Frame )    Volume Imbalance     ,  MTF          vIMB Gap’s Equal High / Low’s     ,  MTF             EQH / EQL Liquidity               Current Day High / Low           HOD /
O Support And Resistance Screener está em um indicador de nível para MetaTrader que fornece várias ferramentas dentro de um indicador. As ferramentas disponíveis são: 1. Screener de estrutura de mercado. 2. Zona de retração de alta. 3. Zona de retração de baixa. 4. Pontos de Pivô Diários 5. Pontos Pivot semanais 6. Pontos Pivot mensais 7. Forte suporte e resistência com base no padrão harmônico e volume. 8. Zonas de nível de banco. OFERTA POR TEMPO LIMITADO: O indicador de suporte e resistência
A melhor solução para qualquer novato ou comerciante especializado! Este indicador é uma ferramenta comercial única, de alta qualidade e acessível, porque incorporámos uma série de características proprietárias e uma fórmula secreta. Com apenas UM gráfico, dá alertas para todos os 28 pares de moedas. Imagine como a sua negociação irá melhorar porque é capaz de identificar o ponto exacto de desencadeamento de uma nova tendência ou oportunidade de escalada! Construído sobre novos algoritmos s
O Indicador de Reversão ADR mostra rapidamente onde o preço está sendo negociado atualmente em relação ao seu intervalo médio diário normal. Você receberá alertas instantâneos via pop-up, e-mail ou push quando o preço exceder seu intervalo médio e níveis acima dele de sua escolha, para que você possa saltar rapidamente para retrocessos e reversões. O indicador desenha linhas horizontais no gráfico nos extremos médios do intervalo diário e também extensões acima daqueles níveis que têm probabili
Was: $259 Now: $120 — The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolu
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This indicator is the basis for an Expert Advisor that can be categorized as "almost Grail". See details below.             This indicator displays the projection of the Renko chart on the price chart. This projection is displayed as a stepped line, not as "bricks" (rectangles). See slides 1 and 2. Abbreviated name of the indicator: LRC – L ine of R enko on the price C hart.             The principle of its construction is very simple. First, a grid of horizontal lines (levels) is bu
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YY Mono Waves MT5
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4 (2)
The Mono Waves indicator is designed to display the wave behavior of the market on a chart. Its appearance is presented on slide 1.   This indicator uses the PPPC (Point-Percent Price Channel) indicator, which can be downloaded for free from the  Market .              When the market moves up, the upper border of the price channel is built on High candlestick prices (for more details, see the description of the PPPC indicator at the link given above). The higher the High prices rise
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4.75 (4)
The Point-Percent Price Channel (PPPC or PP Price Channel) indicator is designed to display on the chart a channel whose width is specified both as a percentage of the current price and in points. Its appearance is presented on slide 1.             When the market moves up, the upper border of the channel is built at the price of High candles. In this case, the lower boundary follows the upper one at a strictly specified distance. When the price touches the lower border of the channe
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The Mono Waves indicator is designed to display the wave behavior of the market on a chart. Its appearance is presented on slide 1.   This indicator uses the PPPC (Point-Percent Price Channel) indicator, which can be downloaded for free from the Market .             When the market moves up, the upper border of the price channel is built on High candlestick prices (for more details, see the description of the PPPC indicator at the link given above). The higher the High prices rise, t
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YY Multi Waves
Yuryi Yatsenko
4 (3)
This indicator displays the wave structure of the market in the form several wave levels nested in each other. For each of these levels an automatic preliminary (draft) marking of waves in Elliott's style (123..., ABC... etc.) is created. This markup is completely automatic and absolutely univocal. The indicator is especially useful for beginner wave analysts, because among all the possible versions for wave marking, it allows you to immediately take the most adequate version as a ba
The Point-Percent Price Channel (PPPC or PP Price Channel) indicator is designed to display on the chart a channel whose width is specified both as a percentage of the current price and in points. Its appearance is presented on slide 1.             When the market moves up, the upper border of the channel is built at the price of High candles. In this case, the lower boundary follows the upper one at a strictly specified distance. When the price touches the lower border of the channe
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This Expert Advisor belongs to the "almost Grail" category. What does this mean? This means that this EA makes it possible to trade profitably in almost any trading situation (with the exception of a very specific and rare situation, which will be considered separately below). The words "any trading situations" mean not only standard things (such as a trend or flat), but also any other patterns and/or figures, including the most unexpected and "arty-crafty", and which do not even hav
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Tshiamo Phamotse
149
Tshiamo Phamotse 2023.01.04 10:16 
 

hello bro thank you so much for the product, but I have one issue drawdown, I mean like a level is indicated while the previous move still has momentum and most likely to cause deep losses so can you come up with an update to show current market direction and momentum

Yuryi Yatsenko
5339
Resposta do desenvolvedor Yuryi Yatsenko 2023.01.05 21:56
The fact is that no indicator can reliably indicate the direction and strength of the market movement even in the very near future. The only thing that can be reliably indicated is the direction of the market at the current time. But no one knows how long the movement in this direction will last. It can end at any moment. So, the indicator "YY Multi Waves MT5" shows exactly the current direction of the market movement at different wave levels. And very often these directions are different for different wave levels. For example, at the current moment at a low wave level (W0) the market is directed upwards, and at a higher wave level (W1) the market is directed downwards.
To confidently understand this variety of directions, you need to know the wave theory very well. And this indicator is just designed for wave analysis. Moreover, this indicator performs only the very first (and the most difficult for beginners) stage of wave analysis: it makes a preliminary wave counting. And then it all depends on the knowledge and skills of the trader. He must (based on his experience and knowledge) clarify the received wave marking and then decide on the performance of trading operations (buying or selling).
drzocker
152
drzocker 2023.01.02 14:02 
 

Fehlkauf ! Missing purchase in the chart, the display is not to use unclear very bad in the longer time window of the chart, for example, 1 year you can no longer see anything. At this point, the program would have needed an update to become clearer.

Yuryi Yatsenko
5339
Resposta do desenvolvedor Yuryi Yatsenko 2023.01.02 21:56
"Missing purchase in chart." What do you have in mind? Does the indicator not show buy and sell signals? So it's not designed for that. It shows the wave structure of the market. And this is clearly stated in its description.
"The display is not to use unclear very bad in the longer time window of the chart, for example, 1 year you can no longer see anything". Just checked. The indicator on the MN1 timeframe shows the wave structure of the market over the entire history of EURUSD (since 1999). It's over 20 years.
I got the impression that you didn't buy exactly what you wanted. In this case, you can refuse to buy this indicator and get your money back. Please contact the site administrator about this. For my part, I won't object.
eric johnson
28
eric johnson 2022.10.10 08:04 
 

THIS IS SCAM,I BOUGHT IT BUT NOT ATTACHING ON MY MT5

Yuryi Yatsenko
5339
Resposta do desenvolvedor Yuryi Yatsenko 2022.10.10 20:46
If you want to get help from me in this matter, then please describe your situation in more detail.
What does "NOT ATTACHING ON MY MT5" mean? The indicator is not loaded on the chart? If so, what message is displayed on the "Experts" and " Journal" tabs of the "Terminal" window?
Did this indicator work normally before? After all, you bought it almost three weeks ago. Has it stopped working just now?
Think about what your actions or (possibly) external events preceded the appearance of this erroneous situation. Could it be a power failure on the computer? Maybe the Internet connection was lost? Something other?
Multi Disipliner
352
Multi Disipliner 2021.12.12 16:19 
 

The best

Heitor Leal Farnese
229
Heitor Leal Farnese 2021.07.10 08:03 
 

I like it. Gives me more confidence while trading.

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