Wolfe Waves 6.0

Name: PZ Wolfe Waves Indicator for Metatrader (MT4/MT5)
Price: 125 USD
Author: Arturo Lopez Perez

Индикатор Metatrader (MT4/MT5)

ℹ Обзор
The PZ Wolfe Waves indicator is a technical tool for the Metatrader Platform that is designed to help traders identify and capitalize on the naturally occurring trading patterns known as Wolfe Waves. These patterns, discovered by Bill Wolfe, represent a fight towards an equilibrium price and can develop over both short and long-term time frames. They are considered to be one of the most reliable predictive reversal patterns in the financial markets.

The PZ Wolfe Waves indicator makes it easy for traders to spot and trade these patterns, with clear trading signals and customizable colors and sizes. It also includes a multi-symbol and multi-timeframe scanner, as well as performance statistics and stop-loss and take-profit levels. Additionally, it has email, sound, and visual alerts to notify the trader when a pattern is identified.

The indicator is composed of five waves that show the struggle between supply and demand. To be considered a true Wolfe Wave, the pattern must have five price points or waves, with waves 3-4 staying within the channel created by 1-2, wave 4 being within the channel created by waves 1-2, and wave 5 exceeding the trendline created by waves 1 and 3.

The indicator is non-repainting and non-backpainting. It simultaneously draws the pattern and the breakout arrow to prevent the indicator from repainting the pattern as it expands without changing the market direction. The PZ Wolfe Waves indicator is a powerful tool for traders looking to capitalize on the highly accurate and reliable signals provided by Wolfe Waves patterns.

Key Features
- Customizable colors and sizes
- Implements performance statistics
- Displays suitable stop-loss and take-profit levels
- It includes a multi-symbol and multi-timeframe scanner
- It implements email/sound/visual alerts
≡ Входные параметры

При загрузке эксперта на любой график вам будет представлен набор опций в качестве входных параметров. Не отчаивайтесь, если вам кажется, что их слишком много, потому что параметры сгруппированы в понятные блоки.

Amplitude

The amplitude represents the minimum amount of bars between alternative price points. To find big patterns, increase the amplitude parameter. To find smaller patterns, decrease the amplitude parameter. You can load the indicator many times in the chart to find overlapping patterns of different sizes.

Breakout Period

Donchian breakout period used to confirm wolfe waves.

Max History Bars

Amount of past bars to evaluate when the indicator loads in the chart.

Display Stats

Show or hide the statistics dashboard and performance data.

Display SL/TP Levels

Show or hide suitable SL and TP levels for each signal.

Display Price Labels

Show or hide the pattern price labels.

Drawing Options

Colors and sizes for bullish or bearish lines and labels, as well as font sizes.

Breakouts

Colors and sizes for breakout arrows.

Alerts

Enable or disable alerts at will.
? FAQ

Does the indicator repaint?

The indicator draws pattern and breakout at the same time and should not repaint. If the breakout line is broken many times and the pattern expands, the pattern will repaint, but the change compared the previous pattern will be negligible.

Does the indicator back paint?

No, the indicator does not back paint.

Can patterns be displayed in the chart before the breakout happens?

No, it can't. The pattern and the breakout arrow are displayed at the same time.

Does the indicator implement alerts?

Yes, it does. It implements alerts of all kinds.

I don't see many patterns in the chart. What can I do?

Wolfe Waves do not happen very often. To compensate, you can load the indicator several times in the chart with different size parameters, for instance, 6, 12, 18 and 24. By searching for different wave sizes you are increasing the odds of finding one. However waves might overlap in the chart.
</> Разработчики
Чтобы создать своего личного помощника, вы можете считывать данные с индикатора с помощью функции iCustom (), как указано ниже. У индикатора есть один дополнительный буфер, единственная цель которого - хранить торговые сигналы в виде констант: это единственный буфер, из которого вам нужно читать. Скопируйте и вставьте приведенный ниже код в свой личный помощник и замените имя индикатора вызова iCustom () своим собственным.
```
//---- Read value from data buffer
int start()
{
// Read value from data buffer
double value  = iCustom(Symbol(), Period(), "PZ_WolfeWaves_LICENSENUM", 1, 1);
// Do something
if(value == OP_BUY)      { /* Your code for bullish signal (blue arrow) */ }
if(value == OP_SELL)     { /* Your code for bearish signal (red arrow) */ }
if(value == EMPTY_VALUE) { /* Your code if no pattern or breakout */}
// Exit
return(0);
}
```