Why use the Wolfe Wave indicator?

The advanced Wolfe Wave Indicator contains everything you need to trade Wolfe Waves efficiently. It recognizes the waves, identifies the buy and sell zones, detects the reversal signals, and calculates the target with the stop-loss. Besides, the indicator contains several filters to confirm the signals.

1. Wolfe Wave Recognition

The indicator automatically recognizes Wolfe Waves on all assets and in all time frames. It displays the waves on the price chart with all the information you need to identify key points in the structure:

✅ You will be able to spot Wolfe Waves at a glance

2. Identification of Imbalance Zones

The indicator identifies areas of imbalance, referred to as the “Sweet Zone” or “Tasty Zone.” It also offers an extended zone option, expanding buying and selling opportunities. It displays these zones on the price chart to help you spot them:

✅ You can easily identify buy and sell zones on your charts

3. Detection of Bullish and Bearish Reversals

The indicator is capable of detecting bullish and bearish reversals. It integrates several types of buy signals, providing you with a range of options:

Here are examples of buy and sell signals detected by the indicator:

✅ You will detect many buy and sell signals

4. Signal Confirmation Filters

The indicator incorporates filters that will help you confirm buy and sell signals. You can confirm signals with validation, volume, divergence, and trend:

✅ You will focus on the best trade opportunities

5. Optimized Exit Conditions

The indicator displays exit conditions on your charts. It calculates price targets and safety stops based on the technical configuration.

a) Precise Price Target

The Wolfe Waves allow you to precisely define your price target using the Estimated Price at Arrival (EPA). The indicator displays the oblique formed by points 1 and 4, which allows you to visualize the EPA. The indicator also allows you to set a price target based on the pattern’s construction points.

b) Optimal Risk Management

The indicator calculates the optimal stop-loss position. It sets the stop-loss below the low point of the bullish Wolfe Waves and above the high point of the bearish Wolfe Waves. You will adjust these levels in the indicator settings to match the specific technical configurations.

✅ You will define your targets precisely and control the risk per trade

6. Trading Alerts

The Wolfe Wave indicator allows for trading alert activations. The Prorealtime platform will notify you when the price breaks a key level. You will create an alert on all assets in all timeframes.

✅ You will never miss a reversal opportunity

7. Market Scanner

A Wolfe wave screener is included free of charge with the indicator. You will discover numerous trading opportunities that match your configuration. The screener works with all the assets across all timeframes:

✅ You will find reversal opportunities in real-time

8. Indicator Customization

The indicator is fully configurable. You can select the type of signal(s), apply validation, volume, divergence, and trend filters. You can customize the display, like colors, font size, line thickness, and transparency:

✅ You will adapt the indicator to your trading style

9. Backtest and Automated trading

The indicator is implementable in a ProOrder backtest. You will test and automate your trading strategies. Here is an example of a backtest calling the Wolfe Wave indicator on the Nasdaq ETF:

✅ You will backtest your strategies and create trader bots

Online Documentation

I provide complete documentation describing the usage and settings of the indicator. I also provide an example of code you can use to backtest your strategies and create an automated trading system. You can consult the documentation at any time on this page:

Advanced Wolfe Wave Documentation [EN]

LIFETIME LICENSE – UPDATES INCLUDED

Compatible with Prorealtime V11 & V12