[DOWNLOAD] PZ Wolfe Waves
Product Description
Wolfe Waves
Metatrader (MT4/MT5) Indicator
"Wolfe Waves represent a fight towards an equilibrium price and are- Bill Wolfe
one of the most reliable predictive reversal patterns in existence."
Wolfe Waves are natural and reliable reversal patterns, present in all markets and timeframes. These waves can manifest having different amplitudes and are difficult to spot. This indicator finds them all.
- Amazingly easy to trade
- Detect all wolfe waves present in the chart
- Trade reliable price reversals in all timeframes
- The indicator is non-repainting
This indicator is specially accurate because it waits for a breakout in the wave direction before signaling the trade, and its winning ratio is around 90%.
- Choose your wave amplitudes and colors
- A cutting-edge tool for experienced traders
- It implements email/sound/push alerts for trading signals
Enhance your trading activity with the best and most complete Wolfe Waves indicator, just like our customers have already done.
- Lifetime software updates and support
- Current version is 1.6 (Updated April 2015)
How to trade
Definition of Wolfe Wave
It is a 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.
Anatomy of a Wolfe Wave
If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security and to anticipate price reversals which are likely to cause big price movements. To identify Wolfe waves, they must have the following characteristics.
- Waves 3-4 must stay within the channel created by 1-2
- Wave 1-2 equals waves 3-4
- Wave 4 is within the channel created by waves 1-2
- There is regular time between all waves
- Wave 5 exceeds trendline created by waves 1 and 3
How to trade using Wolfe Waves
Wolfe Waves are amazingly easy to trade! The trade must be taken when the price closes above the trendline created by waves 1 and 3, and the last point of the wave should be used as a protective stop-loss.
The PZ Wolfe Waves indicator implements a trading filter which delays the signal until a price-based breakout takes place in the direction of the wave, making trades 99% deterministic and increasing the profit factor.
Because the indicator uses tops and bottoms to draw wolfe waves, the last leg of the wave must always repaint. However, the trading signal is based on the breakout of the trendline created by waves 1 and 3 and therefore tradi
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