Forex Wolf Wave Signals Trading Strategy
From the Old Kings archive: Forex Wolf Wave Signals Trading Strategy, an indicator for MetaTrader 4. As the name suggests, the idea behind it is wave counting in the Elliott style and buy / sell signals on the chart. It draws arrows on the chart. It has 12 settings, for example Depth (default 12), Deviation (default 5) and Backstep (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Wolf Wave Signals Trading Strategy
Forex Wolf Wave Signals Trading Strategy is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 12 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: 0_WolfeWave_04m.ex4, installation manual.txt, Wolf Wave Finder.mq4, Wolf.mq4, WolfWaveT1000.mq4, WolfWave_nen.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 12 | |
| Deviation | 5 | |
| Backstep | 3 | Distance between orders |
| High low period | 350 | Period or timeframe used by the calculation |
| Shift | 0 | Bar shift (0 = current bar) |
| Noise pips factor | 0.38197 | |
| Trend factor | 0.38197 | |
| Alerts | false | Turn this alert on or off |
| Entry pips | 10.0 | |
| Show history | true | |
| Arrow size | 1 | |
| Arrows | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code