Wave Auto Trendlines Forex Support and Resistance Strategy
Table of Contents
- 1 Wave Auto Trendlines Forex Support and Resistance Strategy
- 1.1 The Use of WATI:
- 1.1.1 Three Basic Elements of WATI:
- 1.1.2 Process of definition of Likhovidov folding rule price model consists of several stages:
- 1.1.3 Forex Trading Strategies Installation Instructions
- 1.1.4 Recommended Forex Metatrader 4 Trading Platform
- 1.1.5 How to install Wave Auto Trendlines Forex Support and Resistance Strategy?
- 1.1 The Use of WATI:
This strategy is a complex technical tool which gives new technology of the price analysis. It is a good assistant for identification and visual definition of classical price models.
it also forms the new point of view on principles of market price behavior analysis.
This system creates own model on the price chart during long testing and it uses semaphores and trendlines during the test.
Many of them are components of classical price models, but some of them have unique shape.
Such feature only expands practical opportunities of the indicator WATi use.
Lastly, any tool of similar type is intended to help organize successful trading activity in the markets.
The Use of WATI:
- For visual definition of classical price models: Head -shoulders, 123 pattern, Banners, Pennants and others
- For visual identification of «Likhovidov folding rule» price model
- For definition of formation places and construction of WOLFE WAVES
- For use together with B.William’s system “Alligator”
- For the simplified wave analysis and Elliot wave model identification.
Three Basic Elements of WATI:
1. Semaphores of the High, Low and Lowest periods
- The semaphores color marks by default:
- The High period – red circle with 3;
- The Low period – yellow circle with 2;
- The Lowest period – violet points;
2. Trend lines of the High and an Low periods
- Trend lines marks by default:
- The High period – a red faltering line;
- The Low period – a yellow continuous line;
3. The forecast trend line of the High period.
- Marks of a line by default:
- Pink line.
Indicator WATi trend lines assist to visually identifying Likhovidov folding rule price model.
Process of definition of Likhovidov folding rule price model consists of several stages:
- Definition of wave forms.
- Construction of trend lines.
Trend lines should allocate and emphasize wave forms which develop the tendency movement.
Indicator WATisemaphores for the simplified wave analyses
As it is already known, WATi semaphores are lit when any wave (pulse) shape is generated. Thus a semaphore
constant and not repaint.
Such feature allows to do the simplified market prices wave analysis, without deep studying a full rate of Elliott wave
analysis. In most cases, waves which were identified with indicator WATi, correctly display 5-wave model of price movement
as it is accepted according to Elliott theory. Therefore the wave analysis of the price chart by means of semaphores does not
represent the big work. It is necessary to place a digital marking of these waves only.
Forex Trading Strategies Installation Instructions
Wave Auto Trendlines Forex Support and Resistance Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Wave Auto Trendlines Forex Support and Resistance Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
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How to install Wave Auto Trendlines Forex Support and Resistance Strategy?
- Download Wave Auto Trendlines Forex Support and Resistance Strategy.zip
- *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Wave Auto Trendlines Forex Support and Resistance Strategy
- You will see Wave Auto Trendlines Forex Support and Resistance Strategy is available on your Chart
*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.
Click here below to download: