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Thread: Wolfe wave indicator

  1. #1
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    Wolfe wave indicator

    Hi guys, i'd like to share this wolfe wave indicator, basically the wolfe waves is a pattern that consist in 5 waves, the 5th wave is the entry point and the target is the trendline that start from the wave one and pass trough wave 4... Look at the pictures for a better understanding



    See after the 5th wave the price reverse and point toward the trendline...

    Anothe example



    try it

    0_WolfeWave_04m.ex4
    Attached Files Attached Files
    Last edited by kor4x; 06-02-2012 at 05:12 PM.
    dezire, vvalerya, enefao and 5 others like this.

  2. #2
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    Thanks guru!, do some homework with this indicator...

  3. #3
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    some materials on Wolfe wave were posted here: http://tradingarsenal.com/tutorials-....html#post2038

  4. #4
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    best time frame? what do you think? I like trading m30 or h1-h4.. I can see it draw a lot of patterns..
    Attached Thumbnails Attached Thumbnails Wolfe wave indicator-schermata-2012-04-10-12.30.14.jpg   Wolfe wave indicator-schermata-2012-04-10-12.30.57.jpg  
    Last edited by JohnCapa; 04-10-2012 at 11:39 AM.

  5. #5
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    Hi john, i use it on 15min 1h and 4h, but 30 should be good as well, usually i remove the option to see all the past patterns, too many line on charts

  6. #6
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    you're right.. I'll try it.. I think it could be useful for us

  7. #7
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    i think that too , it has a very good r:r ratio and a good % of completed patterns

  8. #8
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    Wolfe wave indicator-schermata-2012-04-11-10.44.12.jpg

    epic fail? obviously I didn't enter in trade, I didn't like it

  9. #9
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    It was the one on eurusd right? i ve taken the downward move, almost 100 pips , also got stopped out with this, trailing at 30 pips....


  10. #10
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    oh yes, sorry, it was eurusd H1 .. me too: I took a little shot cause there was a nice pinbar.. 100 pips? you rock

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