The Wolfe Wave Finder indicator for Metatrader 4 finds and displays the popular Wolfe Wave price action pattern on the Forex chart.
It’s a chart pattern composed of five wave patterns that can indicate bullish or bearish trends for the underlying currency pair.
The indicator identifies the Wolfe Wave pattern on any time frame of your preference but tends to be more reliable when used on the higher time frames.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Finds Wolfe Wave patterns
- For advanced traders
- Works better on the higher time frames
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a bullish/bearish trend confirmation tool.
Free Download
Download the “Wolf Wave Finder.mq4” MT4 indicator
Indicator Example Chart
The EUR/GBP 1-hour chart below shows the Wolfe Wave Finder indicator in action.
Basic Trading Signals
BUY:
- Go long when the Wolfe Wave pattern is bullish.
- Set stop loss below the trading pattern.
- Exit the buy trade for a predetermined profit target or use a risk to reward ration of 1.5 or better.
SELL:
- Go short when the Wolfe Wave pattern is bearish.
- Set stop loss above the trading pattern.
- Exit the short trade for a predetermined profit target or use a risk to reward ration of 1.5 or better.
Download This Forex Indicator
Download the “Wolf Wave Finder.mq4” MT4 indicator
Adjustable Parameters & Settings
Depth, deviation, back step, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Price action
How to install the Wolfe Wave Finder indicator in Metatrader 4?
- Copy and paste the Wolf Wave Finder.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button