Why do so few traders engaged in wave analysis ???
Question is not new and not old.
Each gives his answer. From my point of view of three reasons:
Not very clear, and very precisely formulated rules for the identification of wave patterns. It is very broad "admission" the ratio of the wavelength, the duration in many cases do not take into account also simplified the rules and the use of alternating channels. Adding to the problem ….
The abundance of literature compiled. Primary sources can be counted on the fingers, but "authors" ….. Everyone is trying to bring something "his": Simplifying assuming introducing his trilogy, and as a result is only more confusing beginners.
No (absent) normal
environment for conducting wave analysis in the most
terminal MT4 andMT5.
If you are interested in the topic further fashionable to continue …
WaveTrend Momentum Oscillator – a modification of the popular and convenient WaveTrend oscillator. WaveTrend Momentum Oscillator adds a component in the calculation of the rate of WaveTrend, to more quickly provide more accurate entry point in a trending market.
Do you prefer the original oscillator WaveTrend? WaveTrend Momentum OscillatorIt allows you to switch between the tempo and the original versions of the WT. They both provide valuable information depending on market conditions.
When WT lines are above the level perekuplennosti and intersect below the control line, it is a good signal to sell. When WT lines are above the level pereprodannosti and intersect above the reference line, it is a good signal to buy. Colored circles indicate the signals to buy and sell. Differences between WT and price movement may indicate an upcoming turn.
We added the sending of audio, pop-up and e-mails at intersections WaveTrend in overbought conditions (sell signal) and oversold (buy signal). Levels perekuplennosti pereprodannosti and selected by the user. Information about the e-mail recipients and SMTP must be indicated in the MT4 settings before using e-mail alerts.
WaveTrend Type (Momentum or Original): Selection or tempo of the original type indicator WaveTrend
Calculation period (Default = 10): the number of bars to calculate WaveTrend
Averaging period (Default = 21): the number of bars for averaging WaveTrend
Momentum Length (Default = 4): the number of bars for the calculation of the rate of WaveTrend
Overbought Level (circles & alerts): User-defined overbought level to draw colored circles and send notifications
Oversold Level (circles & alerts): User-defined level of oversold to draw colored circles and send notifications
Turn on / off all alerts: If true, resolve any warning to the false prohibited all alerts
Alert when signal crosses ctrl above overbought level: If true, the notification will be delivered at the intersection of lines above WT levels perekuplennosti (put signal)
Alert when signal crosses ctrl below oversold level: If true, the notification will be delivered at the intersection of lines above WT levels pereprodannosti (call signal)
Turn on alerts message: If true, the update will appear in a popup window
Turn on alerts sound: When the true signals are supplied to the sound
Turn on alerts email: If true, the notification will be sent by email
Indicator – an assistant. Multicurrency. Multiperiodny. Multiznakovy. Detects harmonics with a variable damping factor “d”. To search uses the method srednemodulnogo deviation medians. It has many customizable options. Simple and easy to use tool. For this product is facilitated WY Pattern Searcher P6 I MT4.
Expert – version
Show Basic Spline – Displays a basic spline
Show Help Spline – Spline auxiliary display
Show Spline Labels – display the names of the splines (adjusted later)
Use Following Spline – including following mode (dorisovki formation as it is formed)
Play Warn. Sound On Detect – beeps at regular formations detected
Play Warn. Sound On Following – beeps when current formation dorisovki
Play Warn. Sound On Following Break – beeps when changing current formation
Clean Old Splines – removes any formation with graphics but the last Splines In Memory
Splines In Memory – to leave the past in the chart formations
Font Size – the size of the text splines
Font Y Coordinate Accumulation – shift on the Y coordinate of the text relative to the anchor point
Font X Coordinate Accumulation – the shift of the text on the X coordinate with respect to the anchor point
Enable / disable the search of certain types of harmonics:
Searching HARMONIC (a) – searching for the continuation of harmonic oscillations in a horizontal line of the last crest
MACD indicator Turbo is a customizable MACD histogram, push-notifications, pop-up alerts, and alerts, sent by e-mail. You can set the MACD calculation parameters and manage alerts system. Alerts are triggered when MACD line crossing the zero level, and at the intersection of the signal line and MACD line. You can also choose whether to be a complete intersection (Printed) or you just touch lines (Touch). Touching may not become a complete intersection after the formation of the spark current / period.
Use Alert Pro Speech Synthesis: use the Alerts Pro system – a module of synthetic notifications, which generates the synthesized voice announcements (available separately)
Display the Histogram: If true, it displays a histogram – a delta between the MACD and signal lines. Useful for detecting trend changes
Histogram Colour: choose a color histogram
Histogram Width: choose the width of the histogram – options: ‘Normal’ (the norm), ‘Thick’ (wide), ‘Thicker’ (wider) and ‘Thickest’ (widest)
Signal Line Colour: choose the color of the signal line
Signal Line Width: choose the width of the signal line – options: ‘Normal’ (the norm), ‘Thick’ (wide), ‘Thicker’ (wider) and ‘Thickest’ (widest)
Signal Line Style: set the style of the signal line, using the default options MT4
MACD Line Colour: set the color of lines MACD
MACD Line Width: choose the width MACD line – options: ‘Normal’ (the norm), ‘Thick’ (wide), ‘Thicker’ (wider) and ‘Thickest’ (widest)
MACD Line Style: set the MACD line style using the default MT4 options
Period For Fast EMA: during the fast EMA (default 12)
Period For Slow EMA: during the slow EMA (default 26)
Period For Signal SMA: Signal period EMA (default 9)
Alerts System Enabled: If true, the system is activated alerts
Use Pop-Up Alerts: with pop true alerts are activated using standard alerts function in MT4
Use Email Alerts: If true, alerts are sent via email to the address registered in the email settings MT4 ( “Service” / “Settings” / tab “Mail”)
Use Push Alerts: If true, the mobile device sent push-notification
Zero Line Crossover Alerts: if true, the system generates an alert when crossing line MACD zero line on the graph MACD
Alert Interval in minutes: minimum interval between alerts
Maximum number of alerts allowed before reset: limit the maximum number of alerts for a predetermined interval,
Alert only on Physical / Printed Crossover: If true, the alert is triggered only if the actual intersection. When false alerts triggered and the touch.
Suppress Alert Counter Reset Alerts: if true system notifies the reset counter alerts when new candle / time graph.
The aim of this new version of the standard MT4 indicator included in the delivery platform is to display the pane in several timeframes of the same indicator. See. The example in the figure below.
However, light is not reflected as a simple MTF indicator. It is a real LED display on its timeframe.
The available settings display in FFX:
Selection for displaying timeframe (from M1 to MN)
Setting the width (number of bars) for each timeframe window
A pop-up notification / sound / email / push-notification (histogram crosses the line 0)
Enable / disable notification directly on the graph
Setting of all colors
And also, of course, all the usual setup of the standard indicator
How to set an alert:
In the pop-up settings window: Select the desired alert and mode (tip and / or sound and / or email and / or push-notification)
Then in the graph: Select the bell icon (double-click) and drag it. At the next tick has arrived it will return to its original position, but the color change to indicate that its status has changed. Color change from red to green indicates that Alethea activated. From green to red – off.
The indicator displays the value of the size of each candle in an additional window at the points, the average value for the prescribed period, and also a signal of exceeding the last spark mean value multiplied by a predetermined coefficient. In the formation of the signal can be displayed in a popup message or / and sent alerts to email and the mobile terminal. The indicator uses MovingAverages.mqh library from a standard set of software MT4.
AveragePeriod – averaging period;
PriceType – price type (OPEN_CLOSE or LOW_HIGH);
AverageMethod – spread method of smoothing;
signal_factor – factor signal to exceed;
UseAlert – leave a message in a popup window;
UseNotification – permission notification to the mobile device;