WOLFE WAVE Indicator Needed

ropulos · October 20, 2007

Anyone have it ?

Just Let Me know !

ropulos · October 20, 2007

or anyone can copy for me the code at that page:

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=41125

it should be that !

thanks

Blu-Ray · October 20, 2007

or anyone can copy for me the code at that page:

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=41125

it should be that !

thanks

There you go..............

[LegacyColorValue = True]

INPUTS:

TICKCHG(10), {Change (number of ticks) required to set up a new swing

high/low.}

PCTCHG(.2), {Percent change in price to set up a new swing high/low}

OCCUR(1),

PLOTBARS(40),

ETALINE(False),

ZIGZAG(TRUE);

ARRAY:

PBAR[50](0),

P[50](0);

VARS:

X(0),

PP(1),

JA_SLOPE1(0),

JLA_CTR(0),

JLA_LINE(0),

JAIRHBAR(0), { LAST SWING HIGH BAR}

JAIRLBAR(0), {LAST SWING LOW BAR}

LOWSEEK(FALSE), {LOOKING FOR A LOW OR A HIGH?}

W(0), {COUNTER}

JLA_IRH(0), {LAST SWING HIGH VALUE}

JLA_IRL(99999), {LAST SWING LOW VALUE}

JA_SLOPE2(0),

JA_SLOPE3(0),

JLA_PT1(0),

WOLFE(0);

{==================MAIN

PROGRAM=========================}

IF CURRENTBAR = 1 THEN P[50] = C;

IF LOWSEEK = FALSE AND P[50] <= H THEN

BEGIN

P[50] = H;

PBAR[50] = 0;

END;

IF LOWSEEK = TRUE AND P[50] >= L THEN

BEGIN

P[50] = L;

PBAR[50] = 0;

END;

IF (LOWSEEK = FALSE AND PBAR[50] <> 0) THEN

BEGIN

IF (TICKCHG = 0

AND L < P[50] * ( 1 - PCTCHG / 100) )

OR (TICKCHG <> 0

AND L < ( P[50] - tickchg * minmove points)) THEN

BEGIN

IF ZIGZAG = TRUE THEN

PLOT4[PBAR[50]](P[50],"SWINGS");

LOWSEEK = TRUE;

FOR W = 1 TO 49

BEGIN

PBAR[W] = PBAR[W+1];

P[W] = P[W+1];

END;

P[50] = L;

PBAR[50] = 0;

END;

IF (LOWSEEK = TRUE AND PBAR[50] <> 0) THEN

BEGIN

IF (TICKCHG = 0

AND H> P[50] * ( 1 + PCTCHG / 100))

OR (TICKCHG <> 0

AND H > (P[50] + tickchg * minmove points )) THEN

BEGIN

IF ZIGZAG = TRUE THEN

PLOT4[PBAR[50]](P[50],"SWINGS");

LOWSEEK = FALSE;

FOR W = 1 TO 49

BEGIN

PBAR[W] = PBAR[W+1];

P[W] = P[W+1];

END;

P[50] = H;

PBAR[50] = 0;

END;

IF TIME = LASTCALCTIME

AND DATE = LASTCALCDATE

AND P[48 - PP] <> 0 THEN

BEGIN

PP = -1;

WOLFE = 0;

WHILE WOLFE < OCCUR AND PP < 46

BEGIN

PP = PP + 1;

VALUE1 = P[47-PP];

VALUE2 = P[48-PP];

VALUE3 = P[49-PP];

VALUE4 = P[50-PP];

CONDITION1 =

VALUE2 > VALUE1

AND VALUE4 > VALUE3

AND VALUE4 < VALUE2

AND VALUE3 < VALUE1

AND VALUE4 > VALUE1;

CONDITION2 =

VALUE2 < VALUE1

AND VALUE4 < VALUE3

AND VALUE4 > VALUE2

AND VALUE3 > VALUE1

AND VALUE4 < VALUE1;

IF CONDITION1 OR CONDITION2 THEN

WOLFE = WOLFE + 1;

END;

JA_SLOPE1 = (P[49-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[49-PP]);

JA_SLOPE2 = (P[50-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[50-PP]);

{LINE 1-3}

if PBAR[47-PP] >=0 and PBAR[49-PP] >= 0 and PBAR[49-PP]-PLOTBARS >=0 then

begin

VALUE90 = TL_New(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ],

DATE[PBAR[49-PP]], TIME[PBAR[49-PP]],P[49-PP]);

Value14=TL_SetColor(VALUE90, 5);

{VALUE93 = TL_SetExtRight(VALUE90,TRUE);}

VALUE94 =

TL_SETEND(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],

TL_GetVALUE(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));

end ;

{LINE 1-4}

if PBAR[47-PP] >= 0 and PBAR[50-PP] >= 0 and PBAR[49-PP]-PLOTBARS >= 0 then

begin

VALUE91 = TL_NEW(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ],

DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]);

Value14=TL_SetColor(VALUE91, 16);

TL_SETEND(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],

TL_GETVALUE(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));

end ;

if PBAR[48-PP] >=0 and PBAR[50-PP]-PLOTBARS >= 0 then

begin

{ETA LINE}

IF ETALINE THEN

BEGIN

VALUE92 = TL_NEW(DATE[PBAR[48-PP]],TIME[PBAR[48-PP]],P[48-PP ],

DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]);

Value14=TL_SetColor(VALUE92, 4);

TL_SETEND(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS],

TL_GETVALUE(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS]));

END;

end;

END;

IF DATE = LASTCALCDATE

AND TIME = LASTCALCTIME

AND ZIGZAG = TRUE THEN

BEGIN

JA_SLOPE3 = (P[50] - P[49]) / (PBAR[49] - PBAR[50]);

FOR JLA_CTR = PBAR[49] DOWNTO PBAR[50] BEGIN

PLOT4[JLA_CTR](P[49] + (PBAR[49] - JLA_CTR) *

JA_SLOPE3,"Swings");

END;

FOR W = 1 TO 50

BEGIN

PBAR[W] = PBAR[W]+1;

END;

ropulos · October 20, 2007

Thanks Blu-Ray

You're a very kind man!

Reaver · October 23, 2007

Anyone have any opinions on Wolfe Waves?

waveslider · October 23, 2007

That code is far from the actual pattern. Wolfe waves are very powerful, but they have to be understood to be used correctly. Takes practice.

Reaver · October 23, 2007

Yeah I have never really bought the whole market pattern thing, but I have heard a lot of people swear by Wolfe waves..figured I'd bring it up. Thanks waveslider.

waveslider · October 23, 2007

Reaver -

There is geometry in the markets, no doubt about it. The challenge is finding a discipline, or system of application to approach trading from that standpoint. Just simple price channels and andrew's pitchforks will convince you, if you have that eye to see them.

Price patterns in the market require training your eye and your mind.

People use horizontal levels quite a bit. These are the same, but very limited as they are pretty much one dimensional.

In a range, these horizontal levels are applicable. But as we know, increasing momentum creates dynamic movements that blow through horizontal levels as price establishes a directional vector.

Pattern reading is an art, like the VSA people will tell you their method is also. It is a way of reading charts to see the underlying balance in the market.

You can either see this stuff, or you don't. Or you don't care.

Wolfe waves are accurate patterns which demonstrate when price oversteps where it "should" go, which then sends it over-reacting in the other direction.

It is a pattern built on simple psychology.

Just to give an example of geometry, the 5 min Russell chart is the first chart I pulled up. The green lines are the exact same angle. They could have been drawn after the move up in the morning.

As price dropped into the afternoon, this was the level it accelerated off of, because that vector had been established by price momentum. When you combine that channel with a key horizontal level, you have the price and time for trend resumption.

How many people saw what I just put up real time? I guarantee you that same channel was on some peoples charts.

This gets into some pretty advanced concepts. The andrew's line gave an accurate short term target on this chart. Andrews illustrates the bisection of the counter-trend movement to give a natural price target.

ramble ramble, time for sleep.

anyone interested in this we can start a new thread.

Reaver · October 23, 2007

anyone interested in this we can start a new thread.

Hey that would be awesome

trading_fishes · October 23, 2007

would love to hear more.. eventually money matters.

techtrader · December 6, 2007

My first post here,wonderful forum and wonderful people-compliments!

While googling I found below code for ww but there are some errors,can anyone post a correct code for wolfe wave out of it?Below is a copy paste of what I found.

---------------------

The following is claimed to be the Wolfe wave

formula for Tradestation,

Inputs:TICKCHG(10),PCTCHG(.2),OCCUR(1),PLOTBARS(40),ETALINE(TRUE),ZIGZAG(TRUE);Array:

PBAR[50](0), P[50](0);VARS: X(0),PP(1), JA_SLOPE1(0),

JLA_CTR(0),JLA_LINE(0), JAIRHBAR(0),JAIRLBAR(0), LOWSEEK(FALSE),W(0),

JA_SLOPE2(0), JA_SLOPE3(0), JLA_PT1(0),JLA_IRH(0), JLA_IRL(99999),

WOLFE(0);IF CURRENTBAR =1 THEN P[50] = C;IF LOWSEEK = FALSE AND

P[50] <= H THENBEGINP[50] = H;PBAR[50] = 0;END;IF

LOWSEEK = TRUE AND P[50] >= L THENBEGINP[50] = L;PBAR[50] =

0;END;IF (LOWSEEK = FALSE AND PBAR[50] <> 0)

THENBEGINIF (TICKCHG = 0and L < P[50]*(1-PCTCHG/100))OR

(TICKCHG <> 0AND L < (P[50] - TICKCHG* MINMOVE POINTS))

THENBEGINIF ZIGZAG = TRUE THEN

PLOT4[PBAR[50]](P[50],"SWINGS");LOWSEEK =

TRUE; FOR W = 1 TO

49BEGINPBAR[W] = PBAR[W+1];P[W] =

P[W+1]; END;P[50] =

L;PBAR[50] = 0;END;END;IF (LOWSEEK = TRUE AND PBAR[50]

<> 0) THENBEGINIF (TICKCHG = 0and H >

P[50]*(1+PCTCHG/100))OR (TICKCHG <> 0AND H > (P[50] +

TICKCHG* MINMOVE POINTS)) THENBEGINIF ZIGZAG = TRUE THEN

PLOT4[PBAR[50]](P[50],"SWINGS");LOWSEEK =

FALSE; FOR W = 1 TO

49BEGINPBAR[W] = PBAR[W+1];P[W] =

P[W+1]; END;P[50] =

H;PBAR[50] = 0;END;END;IF TIME = LASTCALCTIMEAND DATE

= LASTCALCDATEAND P[48 - PP] <> 0 THENBEGINPP =-1;WOLFE

= 0;WHILE WOLFE < OCCUR AND PP < 46BEGINPP = PP+1;VALUE1

= P[47-PP];VALUE2 = P[48-PP];VALUE3 = P[49-PP];VALUE4 =

P[50-PP];CONDITION1 =VALUE2 > VALUE1AND VALUE4 >

VALUE3AND VALUE4 < VALUE2AND VALUE3 < VALUE1AND VALUE4 >

VALUE1;CONDITION2 =VALUE2 < VALUE1AND VALUE4 <

VALUE3AND VALUE4 > VALUE2AND VALUE3 > VALUE1AND VALUE4 <

VALUE1;IF CONDITION1 OR CONDITION2 THEN WOLFE = WOLFE

+1;END;JA_SLOPE1 = (P[49-PP] - P[47-PP]) / (PBAR[47-PP]

-PBAR[49-PP]);JA_SLOPE2 = (P[50-PP] - P[47-PP]) / (PBAR[47-PP]

-PBAR[50-PP]);{LINE 1 -

3}VALUE90=TL_New(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP],DATE[PBAR[49-PP]],TIME[PBAR[49-PP]],P[49-PP]);Value14

= TL_SetColor(VALUE90,5);{VALUE93 =

TL_SetExtRight(VALUE90,TRUE);}Value94

=TL_SETEND(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],TL_GETVALUE(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));{LINE

1 -

4}VALUE91=TL_NEW(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP],DATE[PBAR[50-PP]],TIME[PBAR[50-PP]],P[50-PP]);Value14

= TL_SetColor(VALUE91,16);{VALUE93 =

TL_SetExtRight(VALUE90,TRUE);}TL_SETEND(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS],TL_GETVALUE(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS]));{ETA

LINE}IF ETALINE THEN BEGIN

VALUE92=TL_New(DATE[PBAR[48-PP]],TIME[PBAR[48-PP]],P[48-PP],DATE[PBAR[50-PP]],TIME[PBAR[50-PP]],P[50-PP]);Value14

=

TL_SetColor(VALUE92,4);TL_SETEND(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS],TL_GETVALUE(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS]));END;END;IF

DATE = LASTCALCDATEAND TIME = LASTCALCTIMEAND ZIGZAG = TRUE

THENBEGINJA_SLOPE3 = (P[50-PP] - P[49-PP]) / (PBAR[49-PP]

-PBAR[50-PP]);FOR JLA_CTR = PBAR[49] DOWNTO

PBAR[50]BEGINPLOT4[JLA_CTR](P[49]+(PBAR[49]-JLA_CTR)

*JA_SLOPE3,"SWINGS");END;END;FOR W = 1 TO

50BEGINPBAR[W] =

PBAR[W]+1;END;

zdo · December 6, 2007

Techtrader,

Do you know specifically where it's buggy or not producing correct results?

ie how to replicate the bugs?

zdo

techtrader · December 7, 2007

Techtrader,

Do you know specifically where it's buggy or not producing correct results?

ie how to replicate the bugs?

zdo

zdo

When I paste it and e.l window and scan it I get errors so posted here so that some experts may help to correct the coding part of it.

thrunner · December 7, 2007

There are two Wolfe Wave TS code from this thread: http://www.amibrokerfan.com/forum/index.php?topic=405.msg2890

The code listing is more manageable if one uses the '#' icon in the full reply message composer.

This code verifies

//Tradestation: Wolfe Wave 2
//http://www.purebytes.com/archives/amibroker/2001/msg04494.html

Inputs:
TICKCHG(10),PCTCHG(.2),OCCUR(1),PLOTBARS(40),ETALINE(TRUE),ZIGZAG (TRUE);
Array: PBAR[50](0), P[50](0);
VARS: X(0),PP(1), JA_SLOPE1(0), JLA_CTR(0),
JLA_LINE(0), JAIRHBAR(0),JAIRLBAR(0), LOWSEEK(FALSE),
W(0), JA_SLOPE2(0), JA_SLOPE3(0), JLA_PT1(0),
JLA_IRH(0), JLA_IRL(99999), WOLFE(0);

IF CURRENTBAR =1 THEN P[50] = C;
IF LOWSEEK = FALSE AND P[50] <= H THEN
BEGIN
P[50] = H;
PBAR[50] = 0;
END;

IF LOWSEEK = TRUE AND P[50] >= L THEN
BEGIN
P[50] = L;
PBAR[50] = 0;
END;

IF (LOWSEEK = FALSE AND PBAR[50] <> 0) THEN
BEGIN
IF (TICKCHG = 0
and L < P[50]*(1-PCTCHG/100))
OR (TICKCHG <> 0
AND L < (P[50] - TICKCHG* MINMOVE POINTS)) THEN
BEGIN
IF ZIGZAG = TRUE THEN
PLOT4[PBAR[50]](P[50],"SWINGS");
LOWSEEK = TRUE;
FOR W = 1 TO 49
BEGIN
PBAR[W] = PBAR[W+1];
P[W] = P[W+1];
END;
P[50] = L;
PBAR[50] = 0;
END;
END;

IF (LOWSEEK = TRUE AND PBAR[50] <> 0) THEN
BEGIN
IF (TICKCHG = 0
and H > P[50]*(1+PCTCHG/100))
OR (TICKCHG <> 0
AND H > (P[50] + TICKCHG* MINMOVE POINTS)) THEN
BEGIN
IF ZIGZAG = TRUE THEN
PLOT4[PBAR[50]](P[50],"SWINGS");
LOWSEEK = FALSE;
FOR W = 1 TO 49
BEGIN
PBAR[W] = PBAR[W+1];
P[W] = P[W+1];
END;
P[50] = H;
PBAR[50] = 0;
END;
END;

IF TIME = LASTCALCTIME
AND DATE = LASTCALCDATE
AND P[48 - PP] <> 0 THEN
BEGIN
PP =-1;
WOLFE = 0;
WHILE WOLFE < OCCUR AND PP < 46
BEGIN
PP = PP+1;
VALUE1 = P[47-PP];
VALUE2 = P[48-PP];
VALUE3 = P[49-PP];
VALUE4 = P[50-PP];

CONDITION1 =
VALUE2 > VALUE1
AND VALUE4 > VALUE3
AND VALUE4 < VALUE2
AND VALUE3 < VALUE1
AND VALUE4 > VALUE1;

CONDITION2 =
VALUE2 < VALUE1
AND VALUE4 < VALUE3
AND VALUE4 > VALUE2
AND VALUE3 > VALUE1
AND VALUE4 < VALUE1;

IF CONDITION1 OR CONDITION2 THEN WOLFE = WOLFE +1;
END;

JA_SLOPE1 = (P[49-PP] - P[47-PP]) / (PBAR[47-PP] -
PBAR[49-PP]);
JA_SLOPE2 = (P[50-PP] - P[47-PP]) / (PBAR[47-PP] -
PBAR[50-PP]);


{LINE 1 - 3}
VALUE90=
TL_New(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP],DATE[PBAR[49-
PP]],TIME[PBAR[49-PP]],P[49-PP]);
Value14 = TL_SetColor(VALUE90,5);
{VALUE93 = TL_SetExtRight(VALUE90,TRUE);}
Value94 =
TL_SETEND(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-
PLOTBARS],TL_GETVALUE(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-
PP]-PLOTBARS]));


{LINE 1 - 4}
VALUE91=
TL_NEW(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP],
DATE[PBAR[50-PP]],TIME[PBAR[50-PP]],P[50-PP]);
Value14 = TL_SetColor(VALUE91,16);
{VALUE93 = TL_SetExtRight(VALUE90,TRUE);}
TL_SETEND(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-
PLOTBARS],TL_GETVALUE(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-
PP]-PLOTBARS]));

{ETA LINE}

IF ETALINE THEN
BEGIN
VALUE92=
TL_New(DATE[PBAR[48-PP]],TIME[PBAR[48-PP]],P[48-PP],
DATE[PBAR[50-PP]],TIME[PBAR[50-PP]],P[50-PP]);
Value14 = TL_SetColor(VALUE92,4);
TL_SETEND(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-
PLOTBARS],TL_GETVALUE(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-
PP]-PLOTBARS]));

END;
END;

IF DATE = LASTCALCDATE
AND TIME = LASTCALCTIME
AND ZIGZAG = TRUE THEN
BEGIN
JA_SLOPE3 = (P[50-PP] - P[49-PP]) / (PBAR[49-PP] -
PBAR[50-PP]);
FOR JLA_CTR = PBAR[49] DOWNTO PBAR[50]
BEGIN
PLOT4[JLA_CTR](P[49]+(PBAR[49]-JLA_CTR) *
JA_SLOPE3,"SWINGS");
END;
END;

FOR W = 1 TO 50
BEGIN
PBAR[W] = PBAR[W]+1;
END;

This one requires two functions:

BarsToDate_Time & Swing_Lee_Simple

Swing_Lee_Simple can probably be substituted with Swing_Lee

//Tradestation: Wolfe Wave 1
//http://finance.groups.yahoo.com/group/amibroker/message/112236

Inputs:  NBars(13),     {Number of bars for Swing_Lee    pivot picking }

    MaxBars(250);  {Maximum number of bars forward to search for  }

                       {Match/Crossing of ETA lines to set end EPA    }

                       {If this is set to a very high number, the time}

           {to compute and plot will become excessive.    }

Vars:    TPCount(0),Direct(0),

       HoldPrice(0),BarsBk(0),

       Slope1(0),Slope2(0),

       ETA1(0),ETA2(0),EPA(0),

      NewDate(0),NewTime(0);

Arrays:  TPDate[4](0),TPTime[4](0),TPBar[4](0),TPPrice[4](0),TPDirect[4](0);

Direct=Swing_Lee(NBars);  //Swing_Lee_Simple(NBars,False);  // something about Zaf's modification ?

If Sign(Direct)<>Sign(Direct[1]) then begin

BarsBk=AbsValue(Direct);

{Found a TurningPoing so increase count}

TPCount=TPCount+1;

{Save the proper price}

 If Direct<0 then HoldPrice=High[barsBk]

           else HoldPrice=Low [barsBk];

 {Push the Stack}

For Value1=1 to 3 begin

  TPDate[Value1]  =TPDate[Value1+1];

  TPTime[Value1]  =TPTime[Value1+1];

 TPBar[Value1]   =TPBar[Value1+1];

  TPPrice[Value1] =TPPrice[Value1+1];

  TPDirect[Value1]=TPDirect[Value1+1];

 End; 

{Save Current Data}

TPDate[4]  =Date[barsBk];

TPTime[4]  =Time[barsBk];

TPBar[4]   =CurrentBar-BarsBk;

TPPrice[4] =HoldPrice;

TPDirect[4]=Sign(Direct);

Plot1[barsBk](HoldPrice,"TP");

If TPCount>3 then begin

  {If we have 4 TP's then we can look for WW}

 Condition1=False;Condition2=False;

 Slope1=(TPPrice[3]-TPPrice[1])/(TPBar[1]-TPBar[3]);

 Slope2=(TPPrice[4]-TPPrice[2])/(TPBar[2]-TPBar[4]);

 If TPDirect[1]>0 then begin

  {Look for Bullish WW}

     Condition1=

         TPPrice[4]>TPPrice[3] and

     TPPrice[4]<TPPrice[2] and

     TPPrice[3]<TPPrice[1] and

     TPPrice[4]>TPPrice[1] and

     Slope1    <Slope2     ;

   End

 Else Begin

  {Look for Bearish WW}

     Condition2=

     TPPrice[4]<TPPrice[3] and

     TPPrice[4]>TPPrice[2] and

     TPPrice[3]>TPPrice[1] and

     TPPrice[4]<TPPrice[1] and

     Slope1    >Slope2     ;

   End;

{Plot the wave and lines if it exists}

  If Condition1 or Condition2 then begin

  ETA1=TL_NEW(TPDate[1],TPTime[1],TPPrice[1],TPDate[3],TPTime[3],TPPrice[3]);

  ETA2=TL_NEW(TPDate[2],TPTime[2],TPPrice[2],TPDate[4],TPTime[4],TPPrice[4]);

  EPA =TL_NEW(TPDate[1],TPTime[1],TPPrice[1],TPDate[4],TPTime[4],TPPrice[4]);

  Value5=TL_New(Date,Time,TL_GetValue(ETA1,Date,Time),

               Date,Time,TL_GetValue(ETA2,Date,Time));

  Value1=mod(tpcount,6)+2;

  Value1=red;

  TL_SetColor(ETA1,VALUE1);

  TL_SetColor(ETA2,VALUE1);

  TL_SetColor(EPA ,VALUE1);

  TL_SetColor(Value5,Red);

  TL_SetSize(Value5,3);

  Value2=0;

  Value1=0;

    While Value2=0 and Value1< MaxBars begin

 	// need function BarsToDate_Time

 //  Value2=BarsToDate_Time(TPBar[4]-TPBar[3], Value1, NewDate, NewTime);

   Value3=TL_GetValue(ETA2, NewDate, NewTime)-TL_GetValue(ETA1, NewDate, NewTime);

   If Condition1 and Value3>0 then Value2=0;

   If Condition2 and Value3<0 then Value2=0;

    Value1=Value1+1;

    End;

  If Value2<>0 or Value1=MaxBars then begin

   TL_SetEnd(ETA1, NewDate, NewTime, TL_GetValue(ETA1, NewDate, NewTime));

   Value7=TL_GetValue(ETA2, NewDate, NewTime);

   TL_SetEnd(ETA2, NewDate, NewTime, Value7);

   Value8=Text_New(NewDate,NewTime,Value7,"ETA");

       Text_SetStyle(Value8, 0, 2);

   Value7=TL_GetValue(EPA , NewDate, NewTime);

   TL_SetEnd(EPA , NewDate, NewTime, Value7);

   Value8=Text_New(NewDate,NewTime,Value7,"EPA");

       Text_SetStyle(Value8, 0, 2);

  End;
 End;
End;
End;

Swing_Lee function:

[LegacyColorValue = true]; 

{*******************************************************************
Function		: Swing_Lee
Last Edit	: 6/4/99
Provided By	: Clyde Lee (c) 1997,1998,1999

Notes:	Uses HighestHigh and LowestLow to determine Turning
	Points for Swing Analysis.

	Returns number of bars back to last swing point.
			Negative if low.  Positive if high.

********************************************************************}
Input: 	NDays(NumericSimple);
Vars:		HBar(0),				LBar(0),
			MinInt(IntPortion(NDays/5+1)),
			Direct(0),			Return(0);

If NDays<>0 and CurrentBar>NDays then begin
Value2=H;HBar=0;
For Value1=1 to AbsValue(NDays)-1 begin
	If H[Value1]>Value2 then begin
		HBar=Value1;Value2=H[HBar];
	End;
End;		
Value2=L;LBar=0;
For Value1=1 to AbsValue(NDays)-1 begin
	If L[Value1]<Value2 then begin
		LBar=Value1;Value2=L[LBar];
	End;
End;		

If Direct=0 then begin
	Direct=HBar-LBar;
End;

If Direct>0 then 
	Return=Return+1
else
	Return=Return-1;

If LBar<HBar and Direct>0 {and HBar-LBar>MinInt} then	begin
	Direct=-1;
	Return=-HBar;
End
Else If HBar<LBar and Direct<0 {and LBar-HBar>MinInt}  then	begin
	Direct=+1;
	Return=LBar;
End;

End;

Swing_Lee = Return;

techtrader · December 8, 2007

Thx mate for your feedback but the code which verifies is not for ts8xx but for older version I think,if someone can post a code which works for 8X versions it will be a big help.

thrunner · December 8, 2007

Thx mate for your feedback but the code which verifies is not for ts8xx but for older version I think,if someone can post a code which works for 8X versions it will be a big help.

They both verified and plotted for TS8xx. These Ww code has been around for many years and some features may be absent because of the one missing function and legacy coding. The complete code should be available somewhere, but this is what I could gather with limited searching. Version 2 posted (the first code box posted above) has runtime error for referencing future data.. it has been corrected in this version below by TradeStation Securities support :

//Tradestation: Wolfe Wave 2a   modified by Mitch Shack of TradeStation Securities
//https://www.tradestation.com/Discussions/Topic_Archive.aspx?Topic_ID=41125
[LegacyColorValue = True]  

INPUTS: 
TICKCHG(10), {Change (number of ticks) required to set up a new swing 
	high/low.} 
PCTCHG(.2), {Percent change in price to set up a new swing high/low} 
OCCUR(1), 
PLOTBARS(40), 
ETALINE(true), 
ZIGZAG(TRUE); 

ARRAY: 
PBAR[50](0), 
P[50](0); 

VARS: 
X(0), 
PP(1), 
JA_SLOPE1(0), 
JLA_CTR(0), 
JLA_LINE(0), 
JAIRHBAR(0), { LAST SWING HIGH BAR} 
JAIRLBAR(0), {LAST SWING LOW BAR} 
LOWSEEK(FALSE), {LOOKING FOR A LOW OR A HIGH?} 
W(0), {COUNTER} 
JLA_IRH(0), {LAST SWING HIGH VALUE} 
JLA_IRL(99999), {LAST SWING LOW VALUE} 
JA_SLOPE2(0), 
JA_SLOPE3(0), 
JLA_PT1(0), 
WOLFE(0); 
{==================MAIN  


PROGRAM=========================} 


IF CURRENTBAR = 1 THEN P[50] = C; 
IF LOWSEEK = FALSE AND P[50] <= H THEN 
BEGIN 
P[50] = H; 
PBAR[50] = 0; 
END; 

IF LOWSEEK = TRUE AND P[50] >= L THEN 
BEGIN 
P[50] = L; 
PBAR[50] = 0; 
END; 

IF (LOWSEEK = FALSE AND PBAR[50] <> 0) THEN 
BEGIN 
IF (TICKCHG = 0 
	AND L < P[50] * ( 1 - PCTCHG / 100) ) 
	OR (TICKCHG <> 0 
	AND L < ( P[50] - tickchg * minmove points)) THEN 
	BEGIN  
		IF ZIGZAG = TRUE THEN  
			PLOT4[PBAR[50]](P[50],"SWINGS"); 
	LOWSEEK = TRUE; 
	FOR W = 1 TO 49 
		BEGIN 
		PBAR[W] = PBAR[W+1]; 
		P[W] = P[W+1]; 
		END; 
		P[50] = L; 
	PBAR[50] = 0; 
	END; 
END;  

IF (LOWSEEK = TRUE AND PBAR[50] <> 0) THEN 
BEGIN 
IF (TICKCHG = 0 
	AND H> P[50] * ( 1 + PCTCHG / 100)) 
	OR (TICKCHG <> 0 
	AND H > (P[50] + tickchg * minmove points )) THEN 
	BEGIN 
	IF ZIGZAG = TRUE THEN  
		PLOT4[PBAR[50]](P[50],"SWINGS"); 
	LOWSEEK = FALSE; 
	FOR W = 1 TO 49 
		BEGIN 
		PBAR[W] = PBAR[W+1]; 
		P[W] = P[W+1]; 
		END; 
	P[50] = H; 
	PBAR[50] = 0; 
	END; 
END; 

IF TIME = LASTCALCTIME 
	AND DATE = LASTCALCDATE 
	AND P[48 - PP] <> 0 THEN 
	BEGIN 
	PP = -1; 
	WOLFE = 0; 
	WHILE WOLFE < OCCUR AND PP < 46 
		BEGIN 
		PP = PP + 1; 
		VALUE1 = P[47-PP]; 
		VALUE2 = P[48-PP]; 
		VALUE3 = P[49-PP]; 
		VALUE4 = P[50-PP]; 

		CONDITION1 = 
			VALUE2 > VALUE1 
			AND VALUE4 > VALUE3 
			AND VALUE4 < VALUE2 
			AND VALUE3 < VALUE1 
			AND VALUE4 > VALUE1; 

		CONDITION2 = 
			VALUE2 < VALUE1 
			AND VALUE4 < VALUE3 
			AND VALUE4 > VALUE2 
			AND VALUE3 > VALUE1 
			AND VALUE4 < VALUE1; 

		IF CONDITION1 OR CONDITION2 THEN  
			WOLFE = WOLFE + 1; 

		END; 

	JA_SLOPE1 = (P[49-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[49-PP]);  
	JA_SLOPE2 = (P[50-PP] - P[47-PP]) / (PBAR[47-PP] - PBAR[50-PP]); 

	{LINE 1-3} 
	if PBAR[47-PP] >=0 and PBAR[49-PP] >= 0 and PBAR[49-PP]-PLOTBARS >=0 then 
		begin 
		VALUE90 = TL_New(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ], 
			DATE[PBAR[49-PP]], TIME[PBAR[49-PP]],P[49-PP]); 
		Value14=TL_SetColor(VALUE90, red); 
	{VALUE93 = TL_SetExtRight(VALUE90,TRUE);} 
		VALUE94 = 
			TL_SETEND(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS], 
			TL_GetVALUE(VALUE90,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS])); //
		end ; 

	{LINE 1-4} 
	if PBAR[47-PP] >= 0 and PBAR[50-PP] >= 0 and PBAR[49-PP]-PLOTBARS >= 0 then 
		begin 
		VALUE91 = TL_NEW(DATE[PBAR[47-PP]],TIME[PBAR[47-PP]],P[47-PP ], 
			DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]); 
			Value14=TL_SetColor(VALUE91, green); 

		TL_SETEND(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS], 
		TL_GETVALUE(VALUE91,DATE[PBAR[49-PP]-PLOTBARS],TIME[PBAR[49-PP]-PLOTBARS])); 
		end ; 

	if PBAR[48-PP] >=0 and PBAR[50-PP]-PLOTBARS >= 0 then 
  		begin 
		{ETA LINE} 
		IF ETALINE THEN 
			BEGIN 
			VALUE92 = TL_NEW(DATE[PBAR[48-PP]],TIME[PBAR[48-PP]],P[48-PP ], 
				DATE[PBAR[50-PP]], TIME[PBAR[50-PP]],P[50-PP]); 
			Value14=TL_SetColor(VALUE92, blue); 
			TL_SETEND(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP]-PLOTBARS], 
			TL_GETVALUE(VALUE92,DATE[PBAR[50-PP]-PLOTBARS],TIME[PBAR[50-PP] -PLOTBARS])); 
			END; 
		end; 

	END; 


IF DATE = LASTCALCDATE 
AND TIME = LASTCALCTIME 
AND ZIGZAG = TRUE THEN 
BEGIN 
JA_SLOPE3 = (P[50] - P[49]) / (PBAR[49] - PBAR[50]); 
FOR JLA_CTR = PBAR[49] DOWNTO PBAR[50]	BEGIN 
	PLOT4[JLA_CTR](P[49] + (PBAR[49] - JLA_CTR) *  
	JA_SLOPE3,"Swings"); 
	END; 
END; 

FOR W = 1 TO 50 
BEGIN 
PBAR[W] = PBAR[W]+1; 
END;

Credit goes to Clyde Lee of theswingmachine for releasing the code for his Ww version show below:

attachment.php?attachmentid=4356&stc=1&d=1197094303

techtrader · December 8, 2007

Thanks a tonn for your replies,I have the code which you have posted but strangly I get different chart out of it,check comex gold chart plotted below with ww which looks like a normal zigzag chart and not actural ww.

btw I have used same (corrected) code posted by you in your last message.

If I did anything wrong do correct me,thanks again for taking pain.

thrunner · December 8, 2007

looks like a normal zigzag chart and not actural ww

Yes, currently Ww2 and Ww2a do not work with TS 8.1 and above in plotting Ww, only Zz. The chart you see with Ww is Wolfe Wave 1 code from Clyde Lee as explained in the chart caption above.

Import the Swing_Lee function and then create the Lee Ww indicator. The Lee Ww was once freely available as an ELA around 2001. If someone has a copy, please post it. I don't include the ELD because it is missing a function; it is just to show that the code does work.

montexxx · June 8, 2008

or anyone can copy for me the code at that page:

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=41125

it should be that !

thanks

its interesting, someone named ropulos is selling Wolfe Wave on ebay for $49. :-D

http://cgi.ebay.com/WOLFE-WAVES-INDICATOR-coded-TRADESTATION-FOREX-TRADING_W0QQitemZ320259952776QQihZ011QQcategoryZ158906QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Blu-Ray · June 9, 2008

its interesting, someone named ropulos is selling Wolfe Wave on ebay for $49. :-D

http://cgi.ebay.com/WOLFE-WAVES-INDICATOR-coded-TRADESTATION-FOREX-TRADING_W0QQitemZ320259952776QQihZ011QQcategoryZ158906QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Yes very interesting, thanks for pointing that out

Cheers

Blu-Ray

June 10, 2008

Ain't capitalism great! Aren't you all glad you did his dirty work for him?

Of course, next he'll just setup a website like Carter/Senters did at TTM using "open source code" from the TS forums...

-fs

thrunner · June 10, 2008

Hey Ropulos, we hardly knew you

attachment.php?attachmentid=7020&stc=1&d=1213134628

But really, what does it matter? I am sure for every Ropulos, there are dozens of traders that got some real use out of this thread and other threads like this on TL.

waveslider · June 10, 2008

still that's really a low-life thing to do. Why not just sell a link to trader's lab?

sunilrohira · December 21, 2008

I saw the post by Ropulos and then I saw the eBay ad:

http://cgi.ebay.com/WOLFE-WAVES-INDICATOR-coded-TRADESTATION-FOREX-TRADING_W0QQitemZ320324841897QQcmdZViewItemQQptZUS_Software?hash=item320324841897&_trksid=p3286.c0.m14&_trkparms=72%3A570%7C66%3A2%7C65%3A12%7C39%3A1%7C240%3A1318%7C301%3A1%7C293%3A1%7C294%3A50

Can someone please help with a Tradestation ELD ELA file. I saw the kind post by BluRay. Thank you.

unclemike · December 22, 2008

has anyone done an ELD for the Wolfe Wave? I would like to take a look at it in TS. Thanks in advance for anyone who is kind enough to post it.

Uncle Mike

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