Go Back   Traders Laboratory > Trading Resources > Trading Indicators

Trading Indicators Post your custom trading indicators. If you download, remember to click INSTALL.

Comment
Bookmarks
del.icio.us StumbleUpon Google Digg Facebook Furl Reddit Netscape

 
LinkBack (1) Release Tools Display Modes Language
WOLFE WAVE Indicator Needed
Software Version: , by ropulos (Registered Trader) ropulos is offline
Developer Last Online: Dec 2007

Trading Platform: Rating: -
Release Date: 10-19-2007 Last Update: n/a Installs: 4

Anyone have it ?

Just Let Me know !

Show Your Support

  • To receive notifications regarding updates -> Click to Mark as Installed.
  • If you like this indicator, please consider donating to the developer.
  • This modification may not be copied, reproduced or published elsewhere without the author's permission.
 
By ropulos on 10-19-2007, 08:58 PM
Re: WOLFE WAVE Indicator Needed

OR ANYONE CAN COPY FOR ME THE CODE AT THAT PAGE ?

https://www.tradestation.com/Discuss...Topic_ID=41125

THANKS !
Reply With Quote
  1 links from elsewhere to this Post. Click to view. #1 (permalink)  
By ropulos on 10-19-2007, 09:00 PM
Re: WOLFE WAVE Indicator Needed

or anyone can copy for me the code at that page:

https://www.tradestation.com/Discuss...Topic_ID=41125

it should be that !

thanks
Reply With Quote
  #2 (permalink)  
By Blu-Ray on 10-20-2007, 06:36 AM
Re: WOLFE WAVE Indicator Needed

Quote:
View Post
or anyone can copy for me the code at that page:

https://www.tradestation.com/Discuss...Topic_ID=41125

it should be that !

thanks
There you go..............


[LegacyColorValue = True]

INPUTS:
TICKCHG(10), {Change (number of ticks) required to set up a new swing
high/low.}
PCTCHG(.2), {Percent change in price to set up a new swing high/low}
OCCUR(1),
PLOTBARS(40),
ETALINE(False),
ZIGZAG(TRUE);

ARRAY:
PBAR[50](0),
P[50](0);

VARS:
X(0),
PP(1),
JA_SLOPE1(0),
JLA_CTR(0),
JLA_LINE(0),
JAIRHBAR(0), { LAST SWING HIGH BAR}
JAIRLBAR(0), {LAST SWING LOW BAR}
LOWSEEK(FALSE), {LOOKING FOR A LOW OR A HIGH?}
W(0), {COUNTER}
JLA_IRH(0), {LAST SWING HIGH VALUE}
JLA_IRL(99999), {LAST SWING LOW VALUE}
JA_SLOPE2(0),
JA_SLOPE3(0),
JLA_PT1(0),
WOLFE(0);
{==================MAIN


PROGRAM================== =======}


IF CURRENTBAR = 1 THEN P[50] = C;
IF LOWSEEK = FALSE AND P[50] <= H THEN
BEGIN
P[50] = H;
PBAR[50] = 0;
END;

IF LOWSEEK = TRUE AND P[50] >= L THEN
BEGIN
P[50] = L;
PBAR[50] = 0;
END;

IF (LOWSEEK = FALSE AND PBAR[50] <> 0) THEN
BEGIN
IF (TICKCHG = 0
AND L < P[50] * ( 1 - PCTCHG / 100) )
OR (TICKCHG <> 0
AND L < ( P[50] - tickchg * minmove points)) THEN
BEGIN
IF ZIGZAG = TRUE THEN
PLOT4[PBAR[50]](P[50],"SWINGS");
LOWSEEK = TRUE;
FOR W = 1 TO 49
BEGIN
PBAR[W] = PBAR[W+1];
P[W] = P[W+1];
END;
P[50] = L;
PBAR[50] = 0;
END;
END;

IF (LOWSEEK = TRUE AND PBAR[50] <> 0) THEN
BEGIN
IF (TICKCHG = 0
AND H> P[50] * ( 1 + PCTCHG / 100))
OR (TICKCHG <> 0
AND H > (P[50] + tickchg * minmove points )) THEN
BEGIN
IF ZIGZAG = TRUE THEN
PLOT4[PBAR[50]](P[50],"SWINGS");
LOWSEEK = FALSE;
FOR W = 1 TO 49
BEGIN
PBAR[W] = PBAR[W+1];
P[W] = P[W+1];
END;
P[50] = H;
PBAR[50] = 0;
END;
END;

IF TIME = LASTCALCTIME
AND DATE = LASTCALCDATE
AND P[48 - PP] <> 0 THEN
BEGIN
PP = -1;
WOLFE = 0;
WHILE WOLFE < OCCUR AND PP < 46
BEGIN
PP = PP + 1;
VALUE1 = P[47-PP];
VALUE2 = P[48-PP];
VALUE3 = P[49-PP];
VALUE4 = P[50-PP];

CONDITION1 =
VALUE2 > VALUE1
AND VALUE4 > VALUE3
AND VALUE4 < VALUE2
AND VALUE3 < VALUE1
AND VALUE4 > VALUE1;

CONDITION2 =
VALUE2 < VALUE1
AND VALUE4 < VALUE3
AND VALUE4 > VALUE2
AND VALUE3 > VALUE1
AND VALUE4 < VALUE1;

IF CONDITION1 OR CONDITION2 THEN
WOLFE = WOLFE + 1;

END;

JA_SLOPE1 = (P[49-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[49-PP]);
JA_SLOPE2 = (P[50-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[50-PP]);

{LINE 1-3}
if PBAR[47-PP] >=0 and PBAR[49-PP] >= 0 and PBAR[49-PP]-PLOTBARS >=0 then
begin
VALUE90 = TL_New(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ],
DATE[PBAR[49-PP]], TIME[PBAR[49-PP]],P[49-PP]);
Value14=TL_SetColor(VALUE 90, 5);
{VALUE93 = TL_SetExtRight(VALUE90,TR UE);}
VALUE94 =
TL_SETEND(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],
TL_GetVALUE(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));
end ;

{LINE 1-4}
if PBAR[47-PP] >= 0 and PBAR[50-PP] >= 0 and PBAR[49-PP]-PLOTBARS >= 0 then
begin
VALUE91 = TL_NEW(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ],
DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]);
Value14=TL_SetColor(VALUE 91, 16);

TL_SETEND(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],
TL_GETVALUE(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));
end ;

if PBAR[48-PP] >=0 and PBAR[50-PP]-PLOTBARS >= 0 then
begin
{ETA LINE}
IF ETALINE THEN
BEGIN
VALUE92 = TL_NEW(DATE[PBAR[48-PP]],TIME[PBAR[48-PP]],P[48-PP ],
DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]);
Value14=TL_SetColor(VALUE 92, 4);
TL_SETEND(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS],
TL_GETVALUE(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS]));
END;
end;

END;


IF DATE = LASTCALCDATE
AND TIME = LASTCALCTIME
AND ZIGZAG = TRUE THEN
BEGIN
JA_SLOPE3 = (P[50] - P[49]) / (PBAR[49] - PBAR[50]);
FOR JLA_CTR = PBAR[49] DOWNTO PBAR[50] BEGIN
PLOT4[JLA_CTR](P[49] + (PBAR[49] - JLA_CTR) *
JA_SLOPE3,"Swings");
END;
END;

FOR W = 1 TO 50
BEGIN
PBAR[W] = PBAR[W]+1;
END;
Reply With Quote
  #3 (permalink)  
By ropulos on 10-20-2007, 07:06 AM
Re: WOLFE WAVE Indicator Needed

Thanks Blu-Ray

You're a very kind man!
Reply With Quote
  #4 (permalink)  
By Reaver on 10-22-2007, 08:54 PM
Re: WOLFE WAVE Indicator Needed

Anyone have any opinions on Wolfe Waves?
Reply With Quote
  #5 (permalink)  
By waveslider on 10-22-2007, 09:24 PM
Re: WOLFE WAVE Indicator Needed

That code is far from the actual pattern. Wolfe waves are very powerful, but they have to be understood to be used correctly. Takes practice.
Reply With Quote
  #6 (permalink)  
By Reaver on 10-22-2007, 09:54 PM
Re: WOLFE WAVE Indicator Needed

Yeah I have never really bought the whole market pattern thing, but I have heard a lot of people swear by Wolfe waves..figured I'd bring it up. Thanks waveslider.
Reply With Quote
  #7 (permalink)  
By waveslider on 10-23-2007, 01:13 AM
Re: WOLFE WAVE Indicator Needed

Reaver -

There is geometry in the markets, no doubt about it. The challenge is finding a discipline, or system of application to approach trading from that standpoint. Just simple price channels and andrew's pitchforks will convince you, if you have that eye to see them.

Price patterns in the market require training your eye and your mind.
People use horizontal levels quite a bit. These are the same, but very limited as they are pretty much one dimensional.

In a range, these horizontal levels are applicable. But as we know, increasing momentum creates dynamic movements that blow through horizontal levels as price establishes a directional vector.

Pattern reading is an art, like the VSA people will tell you their method is also. It is a way of reading charts to see the underlying balance in the market.
You can either see this stuff, or you don't. Or you don't care.

Wolfe waves are accurate patterns which demonstrate when price oversteps where it "should" go, which then sends it over-reacting in the other direction.

It is a pattern built on simple psychology.

Just to give an example of geometry, the 5 min Russell chart is the first chart I pulled up. The green lines are the exact same angle. They could have been drawn after the move up in the morning.

As price dropped into the afternoon, this was the level it accelerated off of, because that vector had been established by price momentum. When you combine that channel with a key horizontal level, you have the price and time for trend resumption.

How many people saw what I just put up real time? I guarantee you that same channel was on some peoples charts.

This gets into some pretty advanced concepts. The andrew's line gave an accurate short term target on this chart. Andrews illustrates the bisection of the counter-trend movement to give a natural price target.
ramble ramble, time for sleep.

anyone interested in this we can start a new thread.
Attached Images
File Type: jpg russell 1022.jpg (28.0 KB, 148 views)
Reply With Quote
  #8 (permalink)  
By Reaver on 10-23-2007, 01:18 AM
Re: WOLFE WAVE Indicator Needed

Quote:
View Post

anyone interested in this we can start a new thread.
Hey that would be awesome
Reply With Quote
Comment

LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/wolfe-wave-indicator-needed-2686.html
Posted By For Type Date
Traders Laboratory - forumdisplay This thread Refback 10-20-2007 02:09 AM


Currently Active Users Viewing This Release: 1 (0 members and 1 guests)
 
Release Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Release Release Starter Category Comments Last Post
Wolfe waveslider Market Analysis 272 Yesterday 09:55 PM
At The End Of 5th Elliott Wave. malvado xetra Market Analysis 3 04-26-2007 01:28 PM
Help Needed DAT Files Don4 General Discussion 1 03-26-2007 08:59 PM
YM one minute chart wave analysis starfill Technical Analysis 8 02-05-2007 07:47 PM
Newbie. Some advice needed about brokers Connected Beginners Forum 3 08-25-2006 11:46 PM


All times are GMT -4. The time now is 10:03 PM.

 


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59