Wolfe Wave Trading

Wolfe wave Indicator Forex

download Forex MT4 indicator wolfe wave WolfeWave_1.ex4
download wolfe waveWolfeWave_2.ex4
download wolfe waves indicatorWolfeWave_3.mq4
download wolfe waves indicator0_WolfeWave_04m.ex4

Wolfe Wave MT4 Indicators

As practice shows, all these Wolfe wave indicators aren't perfect, but can certainly be of some help, while manual trading remains the best option still.

Wolfe Waves: Quick Introduction

Wolf waves belong to swing trading methods. It was developed by Bill Wolfe, who has made living trading S&P.
The general idea is based around finding channeling markets that are showing an imbalance and by counting waves and drawing trend lines spot perfect entries and project accurate profit targets.

Wolf wave pattern consists of 5 waves, which form a channel or an ascending/descending wedge in advancing/declining markets.

Wolf Wave Bearish and Bullish Patterns

Wolfe wave trading

Wolfe wave trading

How to Count Wolfe Waves – Bullish Setup

Wolfe wave is a reversal pattern, therefore it is important to know exactly how and where to look for it, otherwise a trader risks being on the wrong side and trading against the trend that isn’t over yet.

- point 2 is a top.
- point 1 is the bottom prior to point 2.
- point 3 is the bottom after point 2, point 3 must be lower than point 1.
- point 4 is the top of the rally after point 3. Point 4 must be higher than point 1.
- at this stage a trend line is drawn connecting point 1 and 3. An extension of this trend line will project the reversal which will come at point 5.
- Point 5 will most likely exceed the trend line drawn from 1 to 3. Point 5 is the entry point with a target at EPA (Estimated Price at Arrival) line.
- EPA line (the green line on the illustration) drawn from point 1 to 4 and is extended into the future.

Wolfe Wave Trading Examples

Below are the 1H USDJPY chart with 2 Wolfe wave setups:

A clear simplified chart with already identified waves and lines.

Wolfe wave trading

A chart with Wolfe wave count as well as entry & profit targets.

Wolfe wave trading

Stops with Wolfe Waves

The Stop is placed behind point 5.
If to draw a line from point 2 to point 4, then once price reaches that line, we can move the stop loss to break even level.

Wolfe wave trading requires training your eyes to spot setups. It may take awhile, but afterward it becomes easy to stop Wolfe wave patterns across all time frames: from 1 min charts to monthly charts.

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that is elliot waves, but wave 4 over lap wave 1
thnks for tip i think it will work fine


Thanks for the indicators,
really appreciate the the work you have put in to this,


thanks for the explanation. will try that in my forex trading.

riki risnandar

great site!

very helpful information

Very excellent very interesting

I don't fully follow the Stop loss calculation. If you set it behind point 5, then what's the significance of drawing a line from point 2 to point 4?

Yes, stops behind point 5.
while the line that connects point 1 and 4 project the profit target - the moment price reaches this line is the point where traders should consider taking profits and protecting the remaining profitable positions.

dude can u explain Elite wave ?


very nice by palanivelu..india.

Thanks. Your Great!!!

But i have some problem...
I try this indicator, all them (1-4).but its likely only can use in daily trading(the green line is just like your example picture) but when in H1 trade the green line still in the same position or its dont redraw for H1. please explain how to make it work in H1 TF. Or I must insert new wolf wave indicator for H1? So for different 2 TF i must have 2 wolfe wave. Thanks

Yes, try to work with new indicator in each new window/time frame.

thank u so much

how do you copyright material that is already copyrighted???????

Please be sure to clarify that.
Everything we write on the site is our content and our property, therefore is always copyrighted.

Great, thanks. Do you have candlesticks pattern indicator and also for harmonic pattern

This site is really deserved all appreciation. Thanks a lot for the sharing and wishing the continuation.

at last something very simple with positive results,use it with the factals if your new.yes its easier than elliot wave .well done cheers.

Thanks for the indicators,
very helpful information.....

Hello again, I found a wolve wave finder indicator on fxstreet.com/platforms and would like to share the fact with you and your readers (since I think yours is one of the most unassuming and helpful fx sites on the web). The thing with this particular wolfe wave indicator (its free to download) is that it simply marks for the user the entry point so that one is not dependent on his/her personal skills to determine entry level (and it also indicates stop loss level). It does not however indicate take profit - but I use (and I am sure others can use) TD projection calculation procedures. My request is that you evaluate this indicator simply named Wolfs.mq4 and see if it offers any advantages over what you have here or if it merits inclusion here. Also fellow users of this site interested in wolfe waves may want to check it out. Thanks


sorry wrong information.

Trader could you explain how to use the generated numbers of your indicator?Sorry a little new at this your help would be greatly appreciated.

i love wolfe wave trading


Wolfe waves are not Elliott waves guys, 2 totally different things...

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