Waves Indicator

🌊 Wave Pattern Detection – Identifies 1-2-3-4-5 wave formations in the market.
🔄 Reversal Signals – Helps spot potential trend reversals for better trading decisions.
🕒 Multi-Timeframe Support – Works on H1-H4 and M15-M30 charts.
💻 MT4 Compatible – Free and easy-to-install indicator for MetaTrader 4.
🎯 Entry & Exit Guidance – Provides visual cues for potential trade setups.

🌊 Five-Wave Analysis – Highlights three impulse waves and two corrective waves to identify market structure.

📈 Trend Reversal Detection – Useful for day trading, intraday, and short-term strategies.

🖥️ Visual Wave Plotting – Draws clear lines on the chart to show wave formations.

🔧 Technical Confluence – Can be used with other technical indicators to confirm signals.

🛠️ Easy to Use – Install on MT4, apply to any chart, and follow wave patterns for trade insights.

💡 Improves Trading Decisions – Helps traders identify potential entry and exit points accurately.

Free Tool – A reliable indicator to support trading strategies and market analysis.

Input Settings & Controls

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

  2. History – Refers to the historical data used by the indicator for analysis.

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

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

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

  6. Sektor_bar – Defines the range of bars used in calculations or drawing sectors/zones.

  7. f_period_draw – Period or number of bars used for drawing waves, lines, or patterns.

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

  9. Block_3 – Represents the third block or section of the indicator.

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

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

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

  13. lab – Likely a label or reference for chart annotations.

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

  15. DM_sdvig – Controls the shift/offset for directional movement or trend lines.

  16. DM_xvost – Defines the tail/extension for directional movement or waves.

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

  18. 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

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⚠️ 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. 🔥

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