Wave Patterns Trend Lines

📈 Trend Line Detection – Automatically draws trend lines to highlight market direction.
🌊 Wave Pattern Identification – Detects market highs and lows to plot wave patterns.
🕒 Multi-Timeframe Support – Can be applied across multiple timeframes for versatile analysis.
💻 MT4 Compatible – Free indicator for MetaTrader 4 users.
🎯 Entry & Exit Signals – Helps identify potential breakout and reversal points.

🔍 Automatic Trend Line Plotting – Identifies key support and resistance levels by drawing trend lines.

🌊 Wave Pattern Analysis – Recognizes significant highs and lows to highlight market wave structures.

🚀 Trade Decision Assistance – Helps traders pinpoint potential entry and exit points for intraday and short-term strategies.

🛠️ Easy to Install & Use – Simple integration into MT4, suitable for beginners and experienced traders.

📊 Improves Market Understanding – Offers visual cues for trend continuation, reversals, and breakouts.

🆓 Free Tool – A cost-free, reliable indicator to enhance trading performance.

🌟 Versatile Application – Works on multiple currency pairs or assets to support diverse trading strategies.

Input Settings & Controls

  • Block_1 – Represents the first block or section of the indicator’s calculations or graphical elements.

  • History – Refers to historical data used by the indicator for calculations.

  • Block_2 – Represents the second block or section of the indicator’s logic.

  • Begin_draw_down – Starting point for drawing downward signals, lines, or zones.

  • Begin_draw_up – Starting point for drawing upward signals, lines, or zones.

  • Sektor_bar – Defines the sector or range of bars used in calculations or drawing.

  • f_period_draw – Period used for drawing functions (like waves or trend lines).

  • clear_opposite – Clears opposite signals or drawings when a new signal occurs (true/false).

  • Block_3 – Represents the third block or section of the indicator’s logic.

  • Wawe_bar – Number of bars used to calculate or draw waves.

  • f_draw_wawe_fibo – Toggles drawing Fibonacci waves (true/false).

  • f_draw_target_level – Toggles drawing target levels on the chart (true/false).

  • Block_4 – Represents the fourth block or section of the indicator.

  • DM_sdvig – Likely controls the shift/offset for directional movement or trend lines.

  • DM_xvost – Likely defines the tail/extension for directional movement or waves.

  • Block_5 – Represents the fifth block or section of the indicator.

  • f_draw_mini_trend – Toggles drawing smaller trend lines or mini-trends (true/false).

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

Risk Disclaimer

  • TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
  • We are not SEBI Registered Investment Advisors or Research Analysts.
  • All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
  • We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
  • TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
  • All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
  • Users may utilize the software and tools for paper trading or strategy evaluation only.
  • If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
  • Any such use is at the user’s sole discretion and risk.
  • We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
  • Use of our software, tools, or services.
  • Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
  • All market data and content provided are subject to delays, inaccuracies, or errors.
  • Past performance (actual or hypothetical) is not indicative of future results.
  • Hypothetical or backtested performance may not reflect the impact of actual market conditions.
  • Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
  • Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
  • Automated signals or scanners are tools for evaluation—not trading instructions.
  • TrendCharts content does not account for personal financial conditions, goals, or investment profile.
  • Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
  • Do not rely solely on any information presented on our site for actual trades.
  • Datafeeds and information may be delayed as per data vendor policies or exchange requirements.
  • We do not guarantee the real-time accuracy, timeliness, or completeness of such data.
  • No legal claim may be made against us or our data providers based on inaccuracies.
  • Any user testimonials are individual opinions and may not represent the typical user experience.
  • Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
  • All opinions, data, signals, and analyses shared on the website are subject to change without notice.
  • TrendCharts reserves the right to modify tools, content, and services at its discretion.
  • Our software or product names are for branding purposes only and do not imply any market prediction or financial guarantee.
  • No claim is made regarding profitability from any software usage.
  • All content—charts, indicators, tools, or data—is designed for testing, analysis, and learning.
  • No real-money trading or investment recommendations are provided or supported.

⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

Related Products

Scroll to Top

Contact US

Fill out the form below, and we will be in touch shortly.
Contact Information