More Views

Wolfe Wave MT4 Indicator

Availability:In stock

Regular Price: $335.00

Special Price $234.50

Quickview:

Wolfe Wave Indicator for MT4 - Forex Indicator based on Wolfe Wave theory
Reward Points You will earn 1 Point for writing a review and 1 Point for rating this product.
Reward Points You will earn 23 Points for purchasing this product.
 
 
 

Details

  

LIMITED TIME OFFER 

Buy Wolfe Wave Indicator and receive Support / Resistance Indicator for FREE

 

Wolfe Wave Theory

 Wolfe Wave is naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there.

wolfe wave bullish

pic. 1 - Bullish Wolfe Wave

wolfe waive bearish

pic. 2 - Bearish Wolfe Wave

To identify Wolfe Waves, they must have the following characteristics:

Wolfe Waves 3-4 must stay within the channel created by 1-2
Wolfe Wave 1-2 equals waves 3-4 (shows symmetry)
Wolfe Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wolfe Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point

The estimated price is a price along the trendline created by waves 1 and 4 (point 6).

Linda Raschke Wolfe waves was introduced by Linda Raschke. INTERVIEW: LINDA BRADFORD RASCHKE ON SHORT TERM TRADING STRATEGIES, August 1997, AIQ   Opening Bell (Click to view)

 

Wolfe Wave MT4 Indicator

MT4 4 Wolfe Wave Indicator draws Wolfe Wave  in fully automated mode 

Wolfe Wave Indicator - The Benefits

  • We do not use ZigZag and work with fractals.
  • Our indicator can recognize all Wolfe Wave paterns on specified time range
  • So we check every top for potential 1,2,3,4,5 points not only ZigZag tops
  • Indicator has a lot of adjustable parameters

Wolfe Wave Video - Standard Situation

Wolfe Wave Video - Situation when Line 1-3 has been broken

Wolfe Wave Indicator - ScreenShots

wolfe wave 1

wolfe wave 2

Wolfe Wave Indicator - Parameters

AccDigits = 5;
//set 5 or 4
//5: for standard accounts (quotes on EURUSD pairs have 5 digits after decimal point, 4 digits on USDJPY pairs)
//4: for old accounts (quotes on EURUSD pairs have 4 digits after decimal point, 3 digits on USDJPY pairs)

BuyPatterns = true;
// show Bullish WolfWave patterns true/false

SellPatterns = true;
// show Bearish WolfWave patterns true/false

BarsBack = 500;
// process only last 500 bars (to increase perfomance)

Date/Time Filters

UseDateRange = false;
StartDate = D'2011.05.01 0:00';
EndDate = D'2011.08.01 0:00';
// if UseDateRange = true then the indicator ignores BarsBack option
// and process WW patterns between StartDate and EndDate

FilterByPoint1 = false;
Point1.DateTime = D'2011.08.01 0:00';
// if FilterByPoint1 = true then the indicator hides all WW patterns
// with point 1 not matched Point1.DateTime option

FilterByPoint2 = false;
Point2.DateTime = D'2011.08.01 0:00';
// if FilterByPoint2 = true then the indicator hides all WW patterns
// with point 2 not matched Point2.DateTime option

FilterByPoint3 = false;
Point3.DateTime = D'2011.08.01 0:00';
// if FilterByPoint3 = true then the indicator hides all WW patterns
// with point 3 not matched Point3.DateTime option

FilterByPoint4 = false;
Point4.DateTime = D'2011.08.01 0:00';
// if FilterByPoint4 = true then the indicator hides all WW patterns
// with point 4 not matched Point4.DateTime option

Bars/Price Filters

P1_P3.BarsMin = 10;
// minimal allowed horizontal distance between point 1 and point 3, bars
P1_P3.BarsMax = 500;
// maximal allowed horizontal distance between point 1 and point 3, bars
P3_P4.BarsMin = 1;
// minimal allowed horizontal distance between point 3 and point 4, bars
P3_P4.BarsMax = 200;
// maximal allowed horizontal distance between point 3 and point 4, bars
P1_P3.PipsMin = 10;
// minimal allowed vertical distance between point 1 and point 3, pips
P1_P4.PipsMin = 20;
// minimal allowed vertical distance between point 1 and point 4, pips
P1_P2.PipsMin = 70;
// minimal allowed vertical distance between point 1 and point 2, pips
P3_P4.PipsMin = 40;
// minimal allowed vertical distance between point 3 and point 4, pips
P3_P4__P1_P2.PipsMinPcnt = 23.6;
// lower limit for (pips between points 3-4)/(pips between points 1-2) ratio, pcnt
P3_P4__P1_P2.PipsMaxPcnt = 76.4;
// upper limit for (pips between points 3-4)/(pips between points 1-2) ratio, pcnt
P1_P3__P1_P4.PipsMinPcnt = 1.0;
// lower limit for (pips between points 1-3)/(pips between points 1-4) ratio, pcnt
P1_P3__P1_P4.PipsMaxPcnt = 161.8;
// upper limit for (pips between points 1-3)/(pips between points 1-4) ratio, pcnt
P3_P6__P1_P3.BarsMinPcnt = 23.6;
// lower limit for (bars between points 3-6)/(bars between points 1-3) ratio, pcnt
// point 6 is some point in the future, where lines 13 and 24 intersect
P3_P6__P1_P3.BarsMaxPcnt = 100.0;
// upper limit for (bars between points 3-6)/(bars between points 1-3) ratio, pcnt
// point 6 is some point in the future, where lines 13 and 24 intersect

Graphic

Buy.Text.color = White;
Buy.Text.font_name = "Arial";
Buy.Text.font_size = 14;
// font color, name and size for symbols of Bullish WW patterns
Sell.Text.color = Red;
Sell.Text.font_name = "Arial";
Sell.Text.font_size = 14;
// font color, name and size for symbols of Bearish WW patterns
Buy.TLine.color = DeepSkyBlue;
Buy.TLine.width = 1;
Buy.TLine.style = STYLE_DOT;
// line color, width and style of Bullish WW patterns
Sell.TLine.color = Gold;
Sell.TLine.width = 1;
Sell.TLine.style = STYLE_DOT;
// line color, width and style of Bearish WW patterns
TLine.DrawRay = false;
TLine.MinTailSize = 100;
// if TLine.DrawRay = true then the indicator draws trendlines as rays
// if TLine.DrawRay = false then the indicator draws trendlines as section with length = TLine.MinTailSize

Read also about Forex Robot Based on Wolfe Wave Indicator

Product Tags

Use spaces to separate tags. Use single quotes (') for phrases.