WiseStockTrader.com Trading Program Listings
Indicators
Submit New Indicator
All Amibroker (AFL) Metastock eSignal (EFS) NinjaTrader
Function Index
Paste Bin
Register
Login

Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

WOLF WAVE for Amibroker (AFL)
rajbhagalpur
over 14 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
amibroker, pattern

Nice indicator afl for bullish and bearish wolf pattern. Plotting of wolf waves needs to be enabled via parameters.

Screenshots

Similar Indicators / Formulas

Wolf Wave AFL
Submitted by shekhar373 over 13 years ago
Head & Shoulders Pattern
Submitted by anandnst over 13 years ago
Volume Trade with Candle reader
Submitted by Divyesh almost 12 years ago
Modified Head & Shoulder Pattern
Submitted by huynhbao2 almost 14 years ago
Cup Formation
Submitted by vargasc1 about 14 years ago
Andrews Pitchfork v3.3
Submitted by kaiji about 15 years ago

Indicator / Formula

Indicator
Copy & Paste Friendly
?
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
// WolfeWave-V1.01.afl
// Author: Mac Johnson
// Date: 28aug2005
 
Version(4.70); // works from this version onwards
 
SetChartBkColor(ParamColor("Background colour",colorBlack));
 
Plot(C, "", colorGrey40, styleCandle );
 
// Only interested in the visible bars
lastbar = Status("lastvisiblebarindex") - 10;
startBar = Status("firstvisiblebarindex");
 
// Some visual choices ...
BullPlot=ParamToggle("Plot bull signals", "No,Yes");
BullGuide=ParamToggle("Plot bull guides","No,Yes");
ExtendBull=ParamToggle("Extend bull plot", "No,Yes");
BullWColor=ParamColor("Bullish wave colour", colorBrightGreen);
BullTColor=ParamColor("Bullish trend colour", colorDarkGreen);
 
BearPlot=ParamToggle("Plot bear signals", "No,Yes");
BearGuide=ParamToggle("Plot bear guides", "No,Yes");
ExtendBear=ParamToggle("Extend bear plot", "No,Yes");
BearWColor=ParamColor("Bearish wave colour", colorRed);
BearTColor=ParamColor("Bearish trend colour", colorBrown);
 
// set AB's Peak/Trough percentage selection ratio
ValidDiff=1/Param("Peak ratio", 65, 0,500,5);
 
for(Bar = startbar; Bar < lastbar; Bar++)
{
// Build Peak and Trough arrays
P1 = Peak(H, validdiff, 1);
P1Idx = Bar - PeakBars(H, ValidDiff, 1);
 
P2 = Peak(H, validdiff, 2);
P2Idx = Bar - PeakBars(H, ValidDiff, 2);
 
T1 = Trough(L, validdiff, 1);
T1Idx = Bar - TroughBars(L, ValidDiff, 1);
 
T2 = Trough(Low, validdiff, 2);
T2Idx = Bar - TroughBars(L, ValidDiff, 2);
 
/* Test for a WolfeWave Bullish setup
*
* \ 2 + EPA
* \ Peak A is P2 / |
* \ /\ 4 / |
* \ / \ Peak C is P1 / |
* \ / \ /\ / |
* \ / \ / \ / |
* \/ \ / \ / |
* Trough X is T2 \ / \ / |
* 1 \ / \ / |
* \/ \ / |
* Trough B is T1 \/ |
* 3 5-D ETA
* Lines
* 1 - 4 = EPA
* 2 - 4 +
* 1 - 3 = ETA convergence
*/
if(BullPlot)
{
// are the peaks and troughs in the correct timewise order?
PTValid = (P1Idx[Bar] > T1Idx[Bar]) AND (T1Idx[Bar] > P2Idx[Bar]) AND (P2Idx[Bar] > T2Idx[Bar]);
 
// are the peaks and troughs hi's and lo's correct relatively?
HLValid = (P1[Bar] < P2[Bar]) AND (T1[Bar] < T2[Bar]) AND (P1[Bar] > T1[Bar]);
 
if(PTValid AND HLValid){
// Bareish Wolfewave found. Draw pattern.
PlotXA = LineArray(T2Idx[Bar], T2[Bar], P2Idx[Bar], P2[Bar]);
Plot(PlotXA, "", BullWColor, styleLine|styleThick);
 
PlotAB = LineArray(P2Idx[Bar], P2[Bar], T1Idx[Bar], T1[Bar]);
Plot(PlotAB, "", BullWColor, styleLine|styleThick );
 
PlotBC = LineArray(T1Idx[Bar], T1[Bar], P1Idx[Bar], P1[Bar]);
Plot(PlotBC, "", BullWColor, styleLine|styleThick);
 
if(BullGuide){
PlotAC = LineArray(P2Idx[Bar], P2[Bar], P1Idx[Bar], P1[Bar],extendBull);
Plot(PlotAC, "", BullTColor, styleLine|styleThick);
 
PlotXB = LineArray(T2Idx[Bar], T2[Bar], T1Idx[Bar], T1[Bar],extendBull);
Plot(PlotXB, "", BullTColor, styleLine|styleThick);
 
PlotXC = LineArray(T2Idx[Bar], T2[Bar], P1Idx[Bar], P1[Bar],extendBull);
Plot(PlotXC, "", BullTColor, styleLine|styleThick);
}
}
} // fi if(BullPlot)
 
 
/* Test for a WolfeWave Bearish setup
*
* 3 5-D ETA
* Peak B is P1 /\ |
* /\ / \ |
* 1 / \ / \ |
* Peak X is P2 / \ / \ |
* /\ / \ / \ |
* / \ / \ / \ |
* / \ / \/ \ |
* / \ / Trough C is T1 \ |
* / \/ 4 \ |
* / Trough A is T2 \ |
* / 2 + EPA
*
*
* Lines
* 1 - 4 = EPA
* 2 - 4 +
* 1 - 3 = ETA convergence
*/
if(BearPlot)
{
// are the peaks and troughs in the correct timewise order?
PTValid = (T1Idx[Bar] > P1Idx[Bar]) AND (P1Idx[Bar] > T2Idx[Bar]) AND (T2Idx[Bar] > P2Idx[Bar]);
 
// are the peaks and troughs hi's and lo's correct relatively?
HLValid = (P1[Bar] > P2[Bar]) AND (T1[Bar] > T2[Bar]) AND (T1[Bar] < P1[Bar]);
 
if(PTValid AND HLValid){
// Bullish Wolfewave found. Draw patterns
PlotXA = LineArray(P2Idx[Bar], P2[Bar], T2Idx[Bar], T2[Bar]);
Plot(PlotXA, "", BearWColor, styleLine|styleThick);
 
PlotAB = LineArray(T2Idx[Bar], T2[Bar], P1Idx[Bar], P1[Bar]);
Plot(PlotAB, "", BearWColor, styleLine|styleThick );
 
PlotBC = LineArray(P1Idx[Bar], P1[Bar], T1Idx[Bar], T1[Bar]);
Plot(PlotBC, "", BearWColor, styleLine|styleThick);
 
if(BearGuide){
PlotAC = LineArray(T2Idx[Bar], T2[Bar], T1Idx[Bar], T1[Bar],extendBear);
Plot(PlotAC, "", BearTColor, styleLine|styleThick);
 
PlotXB = LineArray(P2Idx[Bar], P2[Bar], P1Idx[Bar], P1[Bar],extendBear);
Plot(PlotXB, "", BearTColor, styleLine|styleThick);
 
PlotXC = LineArray(P2Idx[Bar], P2[Bar], T1Idx[Bar], T1[Bar],extendBear);
Plot(PlotXC, "", BearTColor, styleLine|styleThick);
}
}
} // fi if(BearPlot)
} // fi for(Bar =
_N(Title="Wolfe Wave Patterns");

5 comments

1. konidena
over 14 years ago

Cane we use this for Intra day?. If so how?
kindly elobarate
Regards
Subrahmanyam

Report as Spam
2. rajbhagalpur
over 14 years ago

kindly visit the web site
http://www.wolfewave.com/what_is_the_wolfewave.htm

Report as Spam
3. baby.learn.to.trade
over 14 years ago

runtime error at:

if(BullPlot)
{
// are the peaks and troughs in the correct timewise order?
PTValid = (P1Idx[Bar] > T1Idx[Bar]) AND (T1Idx[Bar] > P2Idx[Bar]) AND (P2Idx[Bar] > T2Idx[Bar]);

may it need include afl or dll file.

please help, thanks

Report as Spam
4. rajankamboj
about 14 years ago

still waiting foe a good wolfe wave identifier

Report as Spam
5. handasa
over 6 years ago

you can find wolfe wave amibroker formula on the video in the youtube link below
https://youtu.be/l1rDkD5U1tY

Report as Spam

Leave Comment

Please login here to leave a comment.

Back

We try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore www.WiseStockTrader.com does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will www.WiseStockTrader.com be responsible for your trading gains or losses.

News Contact Us Terms and Conditions Privacy Policy