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Thread: PZ WolfeWaves Indicator

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    Default PZ WolfeWaves Indicator

    Hi all,



    Definition of Wolfe Wave

    It is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there.


    Anatomy of a Wolfe Wave

    If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security and to anticipate price reversals which are likely to cause big price movements.
    To identify Wolfe waves, they must have the following characteristics.
    Waves 3-4 must stay within the channel created by 1-2
    Wave 1-2 equals waves 3-4
    Wave 4 is within the channel created by waves 1-2
    There is regular time between all waves
    Wave 5 exceeds trendline created by waves 1 and 3






    How to trade using Wolfe Waves

    Wolfe Waves are amazingly easy to trade! The trade must be taken when the price closes above the trendline created by waves 1 and 3, and the last point of the wave should be used as a protective stop-loss.
    The PZ Wolfe Waves indicator implements a trading filter which delays the signal until a price-based breakout takes place in the direction of the wave, making trades 99% deterministic and increasing the profit factor.
    Because the indicator uses tops and bottoms to draw wolfe waves, the last leg of the wave must always repaint. However, the trading signal is based on the breakout of the trendline created by waves 1 and 3 and therefore trading decisions are deterministic and almost never repaint.

    Thank you.
    Last edited by Resolve; 06-19-2018 at 08:22 AM.

  2. The Following User Says Thank You to Kinglord For This Useful Post:

    Resolve (03-26-2015)

  3. #2
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    Default

    Quote Originally Posted by Kinglord View Post
    Hi all,



    Definition of Wolfe Wave

    It is a naturally occurring trading pattern present in all financial markets. The pattern is composed of five waves showing supply and demand and a fight towards an equilibrium price. These patterns can develop over short- and long-term time frames such as minutes or weeks and are used to predict where a price is heading and when it will get there.


    Anatomy of a Wolfe Wave

    If identified correctly, Wolfe waves can be used to accurately predict the scope (equilibrium price) of the underlying security and to anticipate price reversals which are likely to cause big price movements.
    To identify Wolfe waves, they must have the following characteristics.
    Waves 3-4 must stay within the channel created by 1-2
    Wave 1-2 equals waves 3-4
    Wave 4 is within the channel created by waves 1-2
    There is regular time between all waves
    Wave 5 exceeds trendline created by waves 1 and 3






    How to trade using Wolfe Waves

    Wolfe Waves are amazingly easy to trade! The trade must be taken when the price closes above the trendline created by waves 1 and 3, and the last point of the wave should be used as a protective stop-loss.
    The PZ Wolfe Waves indicator implements a trading filter which delays the signal until a price-based breakout takes place in the direction of the wave, making trades 99% deterministic and increasing the profit factor.
    Because the indicator uses tops and bottoms to draw wolfe waves, the last leg of the wave must always repaint. However, the trading signal is based on the breakout of the trendline created by waves 1 and 3 and therefore trading decisions are deterministic and almost never repaint.

    Thank you.
    Haan bhai ye wala Indicator to muje bahut hi accha lag raha hai kyuki ham dekh rahe hain ki isme hamare liye kaafi jyada opportunity hai income karne ki

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    Quote Originally Posted by Resolve View Post
    Haan bhai ye wala Indicator to muje bahut hi accha lag raha hai kyuki ham dekh rahe hain ki isme hamare liye kaafi jyada opportunity hai income karne ki
    bhai maine to kabhi bhi ye indicator ka istemaal nahi kiya hai, mere pass already kafi indicators hai, jinko main testing karta rahta hon bhai.

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    Quote Originally Posted by Kinglord View Post
    bhai maine to kabhi bhi ye indicator ka istemaal nahi kiya hai, mere pass already kafi indicators hai, jinko main testing karta rahta hon bhai.
    Jab tak ham log kisi bhi technical wale Indicator ko apni trades me istemaal nahi karne lagte hain tab tak hame trading me income nahi mil sakti hai aur yehi karan hota hai ki hame loss ho jaate hain

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    Quote Originally Posted by Resolve View Post
    Jab tak ham log kisi bhi technical wale Indicator ko apni trades me istemaal nahi karne lagte hain tab tak hame trading me income nahi mil sakti hai aur yehi karan hota hai ki hame loss ho jaate hain
    bhai technical ke liye kafi sare indicator hai, hum kisi ka bhi istemaal to kar sakte hai, lekin technical indicator ka istemaal bhi to karna aana chahiye bhai.

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    Quote Originally Posted by Kinglord View Post
    bhai technical ke liye kafi sare indicator hai, hum kisi ka bhi istemaal to kar sakte hai, lekin technical indicator ka istemaal bhi to karna aana chahiye bhai.
    Agar hame is business me technical trading karna hai tab hame uske liye sahi tarah ke Indicators ki madad mleni padti hai jis se ham apni trading ko kar sakte hain

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    bhai yaha par kafi tarah ke system hai, humare ko system to bhai test karke dekhna hoga, agar koi acha system mil jayega to jarur hum uska use kar sakte hai.

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    Quote Originally Posted by Kinglord View Post
    bhai yaha par kafi tarah ke system hai, humare ko system to bhai test karke dekhna hoga, agar koi acha system mil jayega to jarur hum uska use kar sakte hai.
    Ham logon ko apni trading me us tarah ke trading ke systems ko use karna hoga jinke bare me hame ekdum theek tara hse pata hai aur jinko use karna hamare liye aasan ho sakta hai

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    Quote Originally Posted by Resolve View Post
    Ham logon ko apni trading me us tarah ke trading ke systems ko use karna hoga jinke bare me hame ekdum theek tara hse pata hai aur jinko use karna hamare liye aasan ho sakta hai
    Jis bhi system ke bare mein achi tarah se hum log jante hote hai bhai, ushi tarah ke system ke sath mein trading karna bhi humare liye acha hota hai bhai.

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    Quote Originally Posted by Kinglord View Post
    Jis bhi system ke bare mein achi tarah se hum log jante hote hai bhai, ushi tarah ke system ke sath mein trading karna bhi humare liye acha hota hai bhai.
    Agar koi bhi trading ka Indicator theek tarah se kaam nahi kar raha hai tab hame sabse pehle apni trading me is tarah ka Indicator use karna hoga jiski madad se hamare liye trades aasan ban sakte hain aur ham jyada income kama lete hain

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    Quote Originally Posted by Resolve View Post
    Agar koi bhi trading ka Indicator theek tarah se kaam nahi kar raha hai tab hame sabse pehle apni trading me is tarah ka Indicator use karna hoga jiski madad se hamare liye trades aasan ban sakte hain aur ham jyada income kama lete hain
    Bhai agar jo indicator thik tarah se kaam nahi kar raha hai, to humare ko us indicator ko change karna hota hai, fir dusra indicator istemaal karna hota hai bhai.

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    Quote Originally Posted by Kinglord View Post
    Bhai agar jo indicator thik tarah se kaam nahi kar raha hai, to humare ko us indicator ko change karna hota hai, fir dusra indicator istemaal karna hota hai bhai.
    Hame is tarah se Indicators ka use karna seekhna hoga jis se ham log best trades bhi unki madad se kar sakte hain aur ham logon ke profits badh jaate hain

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    Quote Originally Posted by Resolve View Post
    Hame is tarah se Indicators ka use karna seekhna hoga jis se ham log best trades bhi unki madad se kar sakte hain aur ham logon ke profits badh jaate hain
    Bhai jo bhi indicator acha work karta hota hai waise hi indicator use karke trading karna humare liye kafi jayda profitable hone lag jata hai, main to wohi indicator ke sath trading karta hoon.

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    Quote Originally Posted by Kinglord View Post
    Bhai jo bhi indicator acha work karta hota hai waise hi indicator use karke trading karna humare liye kafi jayda profitable hone lag jata hai, main to wohi indicator ke sath trading karta hoon.
    Agar ham logon ke paas me ek accha sa technical wala Indicator ho jaata hai tab ham logon kel iye apni trades ko karna aur bhi aasan work ban jaata hai

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    Quote Originally Posted by Resolve View Post
    Agar ham logon ke paas me ek accha sa technical wala Indicator ho jaata hai tab ham logon kel iye apni trades ko karna aur bhi aasan work ban jaata hai
    Bhai agar jo aap acha technical indicator ka use karna chahte hai to main kahunga aap moving average ka hi use kare bhai, isse badiya koi aur indicator nahi hai bhai.

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