Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Is it possible for someone (ShadowWZ perhaps?) to code a WolfeWave indicator? I've just come across this method and it seems interesting. Fukinagashi at MoneyTec has put one together but it got panned at a Russian forum because it was using the ZigZag indicator and missing some elements. I noticed in the Harmonic Trading thread that the wave counter for that is using a_ZZ. Maybe this indicator might work for a Wolfe Wave indicator.
1. Number 2 wave is a top.
2. Number 3 wave is the bottom of a first decline.
3. Number 1 wave is the bottom prior to wave 2 (top). Point 3 must be lower
than point 1.
4. Number 4 wave is the top of wave 3. The wave 4 point should be higher than
the wave 1 bottom.
5. A trend line is drawn from point 1 to point 3. The extension of this line
projects to the anticipated reversal point which we will call wave 5. this is
the entry point for a ride to the epa line (1 to 4).
6. The Estimated Price at Arrival (EPA) is the trend line drawn from points 1
to
4. This projects the anticipated price objective. Our initial stop is placed
just
beneath the newly formed reversal at point 5. It can then be quickly
moved to breakeven.
IMPORTANT POINT: You cannot begin looking for the Wolfe Wave until points
1, 2, 3, and 4 have been formed. Keep in mind that point 3 must be lower than
point 1 for a buy setup. It must be higher than point 1 for a sell setup. Also,
on the best waves point 4 will be higher than point 1 for a buy setup and lower
than 1 for a sell setup. This ensures that absolute runaway market conditions
do not exist.
A) The 1-3 line and the 2-4 line must converge.
B) to help find the point 5 entry area you parrallel the 2-4 line off the 3
point to give a bottom boundary to the entry area.You can even use the 1 point
in extreme cases.
the idea is to take a line that is parallel to the 2-4 line ( the same angle as
the line connecting the point 2 and point 4 ) and draw a line from the point 3
at this same angle.
As the angle is steeper than the 1-3 line it gives you a deeper level for the
I've been surfing so much lately that I forgot about the link here. If you would like to transfer my post above to that thread and close this one, that's ok with me.
No, it is ok.
It is right place for this thread. Because it is something about indicator.
But that thread was about the trading system which somebody found in internet.
Just try to develop this thread.
Or I may move if you want. That thread was developed already.
Is it possible for someone (ShadowWZ perhaps?) to code a WolfeWave indicator? I've just come across this method and it seems interesting. Fukinagashi at MoneyTec has put one together but it got panned at a Russian forum because it was using the ZigZag indicator and missing some elements. I noticed in the Harmonic Trading thread that the wave counter for that is using a_ZZ. Maybe this indicator might work for a Wolfe Wave indicator.
the idea will be very good if coded in mt4 i saw my favourite trader posting some very good charts out of this but i think she mixes elliotwaves with it.
Linear Mode
