If you’re looking for a reliable futures trading indicator, look no further than the Wave Manager Futures Trading Indicator. This indicator will help you identify market turns with confidence, so you can profit from them. Get your FREE Trial today and bring precision in your trading!
Wave Manager indicator draws Elliott waves from 0 to 3 at any degree once wave 3 is complete. Advantage of drawing waves after wave 3 completes is that you can predict where wave 4 may end. With that predictability, you can confidently trade wave 5. It makes sure that following 2 rules of Elliot wave are not broken:
- In an uptrend, Wave 2 can not go below start of wave 1 and inversely for downtrend
- Wave 3 is at least 100% of wave 1
Wave Manager indicator can be traded with other indicators that we provide for better entries and exits.
PORK indicator will show you better location to take the trades with good stop loss and take profit levels.
Optimum Marking Indicator indicator will show you help you with buy and sell signals that you can use with Wave ManagerIndicator.
Wave Manager Indicator Benefits:
- No parameters to configure except Audio Alert
- Can be used for scalping
- Can be used for day trading
- Can be used for long term investing
- Can be used on any timeframe
Wave Manager Indicator Properties Window:
On the 300 Tick chart to the left, you can see that indicator plotted wave 0, wave 1, wave 2 and wave 3. Wave 3 ended little bit later but you can easily draw fib to calculate wave 4 and open sell position for Wave 5
On the 10 range chart to the right, you can see that indicator plotted wave 0, wave 1, wave 2 and wave 3. Wave 3 ended little bit later but you can easily draw fib to calculate wave 4 and open buy position for Wave 5. If you get wave count twice in quick succession then you can close the position when wave 3 of second count completes to gain maximum profit.
On the 1 Minute chart to the left, you can see that indicator plotted wave 0, wave 1, wave 2 and wave 3. You can easily draw fib to calculate wave 4 and open sell position for Wave 5