Wolve Wave Trend
- Indicadores
- Driller Capital Management UG
- Versão: 1.0
- Ativações: 5
The use of the indicator is straightforward. With just a few parameters, primarily related to the ZigZag algorithm, the five end points are determined. It is important to note that not every combination found necessarily represents a Wolve Wave. Therefore, always check whether the displayed combination matches the possible variants of a Wolve Wave. A crossing point for calculating the APEX (ETA) and EPA values will only be shown when the corresponding lines meet at an intersection.
The indicator allows the following settings:
- Use RealTimeMode for ZigZags: true (new highs/lows are calculated immediately), false (new highs/lows are not calculated immediately)
- ZigZag ATR Period: Alternative calculation method for the ZigZags based on the ATR Period
- ZigZag ATR max. Period: Maximum value after which an endpoint should be calculated
- ZigZag ATR min. Period: Minimum value after which an endpoint should be calculated
- ZigZag ArrowSize: Size of the displayed end points on the chart
- ZigZag UpCode: Wingdings code for the upper symbol of the ZigZag
- ZigZag DnCode: Wingdings code for the lower symbol of the ZigZag
- ZigZag UpColor: Color for the upper symbol of the ZigZag
- ZigZag DnColor: Color for the lower symbol of the ZigZag
Note on usage:
Each market is subject to different movement patterns and volatilities. The volatility, or the average price range, is automatically calculated by the indicator and used as a sensitivity factor in the ZigZag algorithm. You have the option to adjust the calculation of the ZigZags individually for each market and time frame based on different ATR period settings.
General note:
Please note that this indicator is only meant to assist you in trading, and therefore, every calculation should be carefully verified. Trade cautiously and keep your risk low, even if the potential for a large profit is tempting. Despite the greatest care, we cannot completely rule out errors in the calculations. The use of indicators is therefore at your own risk. Test each indicator before purchasing.
Do you have any questions or suggestions for improvement? Feel free to write to us in the comments.