Market / MetaTrader 5 / Indicators /

Just Waves MT5

30 USD

Demo downloaded: 538

Published: 25 February 2015

Current version: 1.6

Just Waves MT5

Indicators
Dmitriy Medvedev
Version: 1.6
Updated: 12 November 2019
Activations: 6

Among various methods of technical analysis of the Forex market, wave analysis is a fundamental one. Anyway, when it comes to the price change over a period of time, we are dealing with waves. According to Elliott's theory, waves are formed in a fractal way. On the same principle MT5 indicator Just Waves marks up waves of different levels (up to 8) and creates graphic lines indicating the beginning and ending points of the waves.

Just Waves offers an objective criterion of a wave, thereby uncovering tremendous opportunities not only for traders but also for programmers, developers of trading systems and analysis. It was created in order to help people to get rid of routine actions and focus attention to the decision-making process.

Settings

Level - number of wave levels (0-7)
FixedTimeframe: - true: waves are drawn based on a fixed timeframe
- false: waves are drawn based on the current timeframe
TF - selection of a fixed timeframe
DeledeWaves: - false: waves are not removed from the chart after deinitialization
- true: waves are removed from the chart after deinitialization
WaveName - major name of a single wave (default is "Wave")
LastBars - number of last bars for calculation. If 0 or VLine is true, the parameter is ignored
VLine - if true, the indicator starts working from the bar, which has a vertical line
VLineName - name of the vertical line (default "1")
TesterStart - time, at which the indicator builds a vertical line in a strategy tester if VLine is true
SelectableWaves - opportunity to control the selection by clicking waves
WavesOnBackground - opportunity to draw waves in the background
You can also set the color and width of the wave lines

more...

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Among various methods of technical analysis of the Forex market, wave analysis used to be the basic one. Anyway, when it comes to the price change over a period of time, we are dealing with waves. According to Elliott's theory, waves are formed in a fractal way. On the same principle MT4 indicator "Just Waves" marks up waves of different levels (up to 8) and creates graphic lines that indicate the beginning and ending points of the waves. "Just Waves" offers an objective criterion of a wave, the

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Version 1.6 2019.11.12

- minor fixes after minor bugfixes

Version 1.5 2019.11.12

- minor bugfixes

Version 1.4 2019.04.23

- LastBars mode optimized
- an ability to create waves in a square between two lines added

Version 1.3 2018.11.13

- multiple waves over each other bug fixed
- consequently wave building accuracy improved

Version 1.2 2017.01.09

Added the ability to change the operation mode (FixedTimeframe):
- true: waves are drawn based on a fixed timeframe
- false: waves are drawn based on the current timeframe
Added the TF setting:
- selection of a fixed timeframe
Added the DeledeWaves setting:
- false: waves are not removed from the chart after deinitialization.
- true: waves are removed from the chart after deinitialization.

Version 1.1 2015.10.01

- accelerated initialization
- one tick drawing lag fixed
- new settings added:
1. LastBars - the number of last bars for calculation. If 0 or VLine is 'true', the parameter is ignored.
2. SelectableWaves - opportunity to control the selection by clicking waves
3. WavesOnBackground - opportunity to draw waves in the background