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 …
Indicator displays fractal levels one, two or three different senior timeframes since the current. When a new fractal is drawn next level. The indicator can be used for visual analysis of the current chart and used in the EA. If you want more levels, start a new instance of the indicator.
It works on any timeframe on any symbol.
If the settings selected timeframe than the current schedule will show the level of the current timeframe.
Ability to display levels are not extrema prices (fractal), and the closing levels of the candles (near fractal).
Block various alert when the price level of the fractal or intersection (enable / disable each of the signals).
Applied price: Used to draw level price. There are two options:
High_Low: The maximum and minimum price (fractal);
Close_Close: The closing price of the candle, the closest to a fractal; When used in the EA indicator parameter High_Low corresponds to figure 2, Close_Close – figure 3.
ON / OFF Smaller timeframesOn / off the first level;
ON / OFF Middle timeframesOn / off of the second level;
ON / OFF Larger timeframesOn / off the third level;
The indicator detects and displays the graph M. Gartley pattern “Butterfly.” Allocation pattern is produced on the tops of ZigZag indicator (included in the resources, does not require installation dopopnitelnoy). At the time of pattern recognition message is displayed in a popup window, sends alerts to a mobile device and an electronic mailbox. Scheme wave pattern and parameters shown in the screenshot. Settings in the default display is the demonstration to increase the number of recognized figures.
Extended Moving Average with Digital Filtering MT5
A moving average from 26 species and 16 embodiments smoothing initial price calculation supplemented with 71 levels of digital filtering. When using a calculation period of 1 you only get digital filtering used price without primary smoothing. The rise and fall marked a different color.