New “Easy Wolfe Wave” Indicator for Tradingview AUTOMATICALLY Detects Wolfe Wave Patterns – 1 Of The Most Popular High-Probability Reversal Setups…
Use this automatic pattern detection tool to spot the fascinating Wolfe Wave patterns on ANY market (FX, stocks, indices, commodities, futures…). Check this out:
Hi there,
Reversal patterns stink.
I mean… Does this sounds familiar?
You identified a reversal pattern. You’ve heard that this is a high-probability pattern. So you placed a trade against the current trend and set your stop loss.
Then, almost as soon as you placed your trade, the market resumed its original trend.
How many times did this happen to you? Honestly I lost count.
Sometimes it feels like the market is playing a joke on me.
That’s why I went on a quest to find reliable reversal patterns out there.
And not only that, I wanted to code an easy-to-use indicator that automatically detects this pattern, so I don’t have to lift a finger.
I’d love to think that I’ve found it.
Here’s why:
There’s a natural pattern that occurs in every market and on every time-frame. It’s called Wolfe Wave. And the interesting part about this pattern is that…
The shape of a Wolfe Wave pattern shows a fight for balance, between supply and demand…
And this is particularly important because…
When the pattern is completed, that means the fight for balance has ended. And you’d know which side has won: Supply or Demand, Bulls or Bears.
In other words, you’d immediately know (with high probability) which direction the market is heading.
So you could be sure whether a trend reversal will happen or the original trend will continue.
No more fear. Now you could trade with confidence.
Peace of mind. That’s probably what most traders (me included) are craving.
But enough theory. Let’s take a look at Wolfe Wave patterns in action. Here are 2 Wolve Wave patterns (one bearish and one bullish) that occured on Meta 1-hour timeframe.
Look at this:
As you can see, Wolfe Wave patterns flat-out works. In this example, the bearish Wolfe Wave pattern is followed by a significant market move to the downside, while the bullish Wolfe Wave pattern marks the beginning of a new uptrend, providing plenty of opportunities to lock in good positions.
Now that you’ve see the power of this amazing reversal pattern, we’d like to introduce our…
“Easy Wolfe Wave” indicator that automatically detects every single valid Wolfe Wave pattern on ANY time-frame, ANY market…
The indicator does most of the heavy lifting, so you don’t have to.
Let’s take a look at how the indicator works:
First, the Easy Wolfe Wave indicator automatically identifies any Wolfe Wave pattern for you, as soon as it’s completed. And it works on every time-frame, every currency pair, every financial instrument for that matter.
When a Wolfe Wave pattern has formed, it means that a trend reversal is likely to happen. So we’d wait for a confirmation that the trend has indeed changed.
And when we’ve got that confirmation, the Easy Wolfe Wave will draw an up/down arrow on your chart, telling you there’s a trade opportunity for you to consider. In addition, the indicator also gives you alerts.
And here’s where it gets even better:
As you can see, the Easy Wolfe Wave indicator works extremely well on swing trading (on larger time-frame like 4-hour or daily). And if you asked me, I’d say this is my #1 pattern when it comes to identifying trend reversals on larger time-frames.
Now let’s look at a day trading example on Loonie hourly time-frame
You’ve seen how powerful this indicator is when it comes to day trading. But that’s not all. Let me introduce probably the most useful feature of the Easy Wolfe Wave indicator:
The indicator automatically filters out a lot of false patterns, so you could be sure you only get high-probability trade setups…
Here’s how it accomplishes this amazing feat:
Once a Wolfe Wave pattern has formed, the indicator waits for a breakout in the direction of the Wolfe Wave pattern. When that breakout occurs, the indicator prints an up/down arrow on your chart (and also gives you audio and pop-up alerts), telling you that this Wolfe Wave pattern has been confirmed to be valid.
Otherwise, if that breakout never happens, the pattern is considered invalid.
Let me walk you through a few examples, so you can see how powerful this feature is:
Pretty cool, isn’t it?
By the way, it’s very very easy to trade with Easy Wolfe Wave Indicator for Tradingview because you’ll also get:
The indicator gives you all kinds of alerts: Pop-up, Sound, Email, and Push Notifications as soon as a Wolfe Wave reversal setup appears…
You’ll get all kinds of alerts: Pop-up, Sound, Email, and Push Notifications as soon as a new trade setup appears…
And you can customize these alerts in any way you want.
Product Details
Feature | Details |
---|---|
Product Name | Easy Wolfe Wave indicator |
Platform | TradingView |
Market Compatibility | Works on all markets available on TradingView: FX, stocks, indices, commodities, futures, etc. |
Delivery | Submit your TradingView username after purchase. Access granted within 24 hours. |
License | Lifetime – One-time payment |
Usage Limit | 1 TradingView username per license |
Updates | Free for life |
Key Features | Automatically detects classic Wolfe Wave patterns, identifies entry/exit points, includes target projection line, works on all timeframes |
Setting manuals
1. Indicator settings:
Size of waves to look for: the magnitude of Wolfe wave that the algorithm will detect – set at 12 by default
Display target line/breakout line: options to select for the indicator to display these lines of Wolfe Wave.
ATR period for SL shift: the timeframe used to calculate the Average True Range for adjusting stop loss levels.
SL shift coefficient (from ATR): a multiplier used with the ATR value to adjust stop loss levels according to market volatility.
TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.
Various Color settings: customize these colors to differentiate between bullish/bearish texts, MA uptrend/downtrend lines, dashboard and TP/SL.
Max bars to calculate: the maximum count of past candlesticks considered by the indicator for its analysis.
2. Alert set-up:
To stay updated on potential trading opportunities, you can set up alerts within the Easy Wolfe Wave indicator settings.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView’s Alert icon.
Step 3: Select Easy Wolfe Wave from the “Condition” dropdown list
Step 4: A pop-up will appear as follows. Click on “Notifications”.
Step 5: Choose the types of notifications you’d like to receive, and click the “Create” button.
Frequently Asked Questions
After purchasing, you’ll fill out a short form that asks for your Tradingview username. And then, we’ll grant your username access to all our indicators within 24 hours.
It works on ALL markets internationally that are available on Tradingview: FX, stocks, indices, commodities, futures, etc…