Advanced Wolfe Wave Indicator for Prorealtime
Exploit Bullish and Bearish Trend Reversals Easily
Advanced Wolfe Wave Indicator for Prorealtime
Exploit bullish and bearish trend reversals
How will the Advanced Wolfe Wave indicator help you?
Trading trend reversals is a challenging strategy reserved for experienced traders. It requires a great deal of discipline and precision. When mastered, this strategy can be very profitable.
The Wolfe Wave indicator will help you trade bullish and bearish trend reversals in the markets. You will easily identify areas of temporary imbalance on your charts. The indicator displays buy and sell signals with precise price targets and stop-loss levels.
✅ The Wolfe Wave screener will help you find reversal opportunities in real-time.
Try the indicator for Free
Start a FREE TRIAL with the Advanced Wolfe Wave indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Advanced Wolfe Wave indicator is available on the Prorealcode marketplace. After you get a license, you will access the indicator and scanner on your Prorealtime platform.
Key Features
Wolfe Wave Display
The indicator displays the Wolfe waves on your charts. You will easily identify buying and selling zones.
Bullish Reversal Signals
The indicator displays the bullish reversal signals on your chart. You will buy the market at the beginning of the uptrend.
Bearish Reversal Signals
The indicator displays the bearish reversal signals on your chart. You will sell the market at the beginning of the downtrend.
Signal Confirmation
The indicator incorporates validation, volume, divergence, and trend filters. You will focus on the best trade opportunities.
Risk Management
The indicator displays the targets and stop-losses on the chart. You will optimize your profits while minimizing risk.
Total Customization
The indicator is fully customizable. You will adapt the indicator to your trading strategy.
Trading Alerts
The indicator allows for trading alert creation. You will never miss trading opportunities again.
Market Screener
A Wolfe Wave screener is provided with the indicator. You find reversal opportunities in real-time.
Automated Trading
The indicator is implementable in a backtest. You will validate your strategy and run trading bots.
Available Brokers
The Advanced Wolfe Wave indicator is compatible with all versions of Prorealtime. You can install the indicator on any broker that provides this platform. The brokers with which you can use the indicator are Interactive Brokers, IG, Saxo Bank, and Boursorama:
Why use the Wolfe Waves?
The Wolfe Waves enable the identification of areas with temporary market imbalances. These excesses offer opportunities for buying or selling. The Wolfe Waves offer several types of signals, including prices in the “Sweet Zone,” breakouts, and retests of upper and lower obliques. Their structures enable the precise definition of the target from the EPA. They usually offer an advantageous Risk/Reward ratio.
- Detect bullish and bearish reversal opportunities
- Set the target and stoploss precisely
- Trade with an advantageous risk/reward ratio
Why use the Wolfe Wave indicator?
The advanced Wolfe Wave Indicator contains everything you need to trade Wolfe Waves efficiently. It recognizes the waves, identifies the buy and sell zones, detects the reversal signals, and calculates the target with the stop-loss. Besides, the indicator contains several filters to confirm the signals.
1. Wolfe Wave Recognition
The indicator automatically recognizes Wolfe Waves on all assets and in all time frames. It displays the waves on the price chart with all the information you need to identify key points in the structure:
You will be able to spot Wolfe Waves at a glance
2. Identification of Imbalance Zones
The indicator identifies areas of imbalance, referred to as the “Sweet Zone” or “Tasty Zone.” It also offers an extended zone option, expanding buying and selling opportunities. It displays these zones on the price chart to help you spot them:
You can easily identify buy and sell zones on your charts
3. Detection of Bullish and Bearish Reversals
The indicator is capable of detecting bullish and bearish reversals. It integrates several types of buy signals, providing you with a range of options.
Bullish Reversal Signals
- Price closes in a buy zone
- Breakout of a buy zone
- Retest of a buy zone
- Bullish breakout of the bottom line
- Retest of the bottom line
- Bullish breakout of the top line
- Retest of the top-line
Bearish Reversal Signals
- Price closes in a sell zone
- Breakout of a sell zone
- Retest of a sell zone
- Bearish breakout of the bottom line
- Retest of the bottom line
- Bearish breakout of the top line
- Retest of the top-line
You will detect many buy and sell signals
4. Signal Confirmation Filters
The indicator incorporates filters that will help you confirm buy and sell signals. You can confirm signals with validation, volume, divergence, and trend:
You will focus on the best trade opportunities
5. Optimized Exit Conditions
The indicator displays exit conditions on your charts. It calculates price targets and safety stops based on the technical configuration.
a) Precise Price Target
The Wolfe Waves allow you to precisely define your price target using the Estimated Price at Arrival (EPA). The indicator displays the oblique formed by points 1 and 4, which allows you to visualize the EPA. The indicator also allows you to set a price target based on the pattern’s construction points.
b) Optimal Risk Management
The indicator calculates the optimal stop-loss position. It sets the stop-loss below the low point of the bullish Wolfe Waves and above the high point of the bearish Wolfe Waves. You will adjust these levels in the indicator settings to match the specific technical configurations.
You will define your targets precisely and control the risk per trade
6. Trading Alerts
The Wolfe Wave indicator allows for trading alert activations. The Prorealtime platform will notify you when the price breaks a key level.
You will create an alert on all assets in all timeframes.
You will never miss a trade opportunity
7. Market Scanner
A Wolfe wave screener is included free of charge with the indicator. You will discover numerous trading opportunities that match your configuration. The screener works with all the assets across all timeframes.
You will find reversal opportunities in real-time
8. Indicator Customization
The indicator is fully configurable. You can select the type of signal(s), apply validation, volume, divergence, and trend filters. You can customize the display, like colors, font size, line thickness, and transparency.
You will adapt the indicator to your trading style
9. Backtest and Automated trading
The indicator is implementable in a ProOrder backtest. You will test and automate your trading strategies.
Here is an example of a backtest calling the Wolfe Wave indicator on the Nasdaq ETF:
You will backtest your strategies and create trader bots
Online Documentation
I provide complete documentation describing the usage and settings of the indicator. I also provide an example of code you can use to backtest your strategies and create an automated trading system. You can consult this documentation at any time on these pages:
Try the indicator for Free
Start a FREE TRIAL with the Advanced Wolfe Wave indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Advanced Wolfe Wave indicator is available on the Prorealcode marketplace. After you get a license, you will access the indicator and scanner on your Prorealtime platform.