Wolfe waves modified

This unique indicator automatically builds Wolfe Waves.

Features

• Finds the points and builds the lines automatically.
• Efficient trading strategy.
• No redraws, no lags.
• The indicator relaunch button is located directly on the chart.
• The indicator has multiple configurable parameters.

Use

If number 5 appears, wait till the first candle is closed behind Moving Average, then look at the three center lines showing what lot volume should be used if the fifth dot crossed the line 25%. The candle is closed behind Moving Average, and then we open a trade with the lot: = (Let's apply the lot of, say, (0.40), divide it into four parts and open a quarter of the lot (0.10)). If the fifth dot crossed the line 100% (1-3) and the candle closes behind Moving Average, we open a deal with a lot: = (total volume 0.40). The deal remains open till the price reaches the line 1-4. Please note that sometimes the price does not reach the line. Trailing stop is recommended.

Tips on using the indicator in the strategy tester

To restart the indicator, delete the red square in the right corner.

Notes: entry points are displayed on the screenshots.

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