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For people who love Richard Wyckoff approach for reading the markets, we at Minions Labs made a tool derived – yes, derived, we put our own eyesight and sauce into this indicator – which we called Waves PRO. This indicator provides a ZigZag controlled from the market volatility (ATR) to build its legs, AND on each ZigZag leg, we present the vital data statistics about it. easy and objective.

This indicator is also derived from the fantastic book called “The Secret Science of price and Volume” from Timothy Ord (2008).

shows vital VOLUME information on each leg on the Price Chart:

WHY IS THIS IMPORTANT?

Volume is one of the most underrated information for a vast majority of the traders worldwide. Obviously not all exchanges provide Volume information on their platform, but if you have this information available, WHY not use it in your favor??

If you don’t know how to analyze or take advantage of the Volume information on your trades, we strongly suggest the reading of the cool book written by Timothy Ord. It will open you mind to a new kind of analysis and enhance your success rate to a new level.

SETTINGS / FEATURES

Volume is one of the most underrated information for a vast majority of the traders worldwide. Obviously not all exchanges provide Volume information on their platform, but if you have this information available, WHY not use it in your favor??

Read More...

If you don’t know how to analyze or take advantage of the Volume information on your trades, we strongly suggest the reading of the cool book written by Timothy Ord. It will open you mind to a new kind of analysis and enhance your success rate to a new level.

  • ATR period (bars) to analyze on the calculations of the legs. If you don’t know what ATR is, YOU MUST. This is one of the BEST measurements of market breadth you can have on your toolbox. That’s why we used ATR instead of arbitrary values do “break” the legs on our ZigZag.
  • Which ATR level do you want to use to break each wave/leg.
  • Show (ON/OFF) each wave/swing/leg statistics?
  • Show (ON/OFF) Tops

Our Useful Features & Services

Published

13 September 2020

Updated

18 September 2020

Current Version

1.1

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