Would you be able to predict the future? The indicator relies on price action alone. There is a ThinkorSwim version of Wolfe Wave.

This is something. zero-lag. The indicator relies on price action alone. It draws the Wolfe Wave pattern in real time.

Linda Raschke popularized the Wolfe Wave, a price pattern that was first identified by Bill Wolfe.

Linda describes the pattern in an interview. The free ebook, Seeing the Future, was put out by the originator and I recommend it after reading her interview.

This indicator can be used with any instrument and any chart time frame. Below are a few more examples.

The user setting allows for the wavelength to be adjusted. The longer the identified waves are, the bigger the number is. There is a difference between a wavelength of 5 and one of 13. The stock and time frame are the same.

The Wolfe Wave indicator for ThinkorSwim is exclusive to me.

Just wanted to let you know your Wolfe Wave indicator just It was paid for itself yesterday in its first day of use.
One trade. $425 of capital used. $125 winner.
Excellent work Robert!
-Jordan

QUESTION

Good evening, Robert.

I was curious if you could describe the difference between Wolfe Wave and Harmonic Patterns study. Wolf is very similar in concept.

The reversal patterns try to identify potential reversals. The criteria for each is different. The setup are different and they are all composed of 5 distinct legs.

The numbering is irrelevant. One chose to use numbers while the others used letters. They have to start somewhere. The Wolfe starts at 1.

The patterns start with an upward move followed by a pull-back. The patterns differ from this point.

The Gartley requires point B to be a 61.8% reversal in order to be bullish.

The Wolfe wave begins at point 1, then rises to point 2, and then falls to point 3. The rules for the Wolfe wave say that point 3 must be lower than point 1. The Wolfe wave begins with a 100% reversal.

There are specific criteria that must be met at the remaining points of each pattern. The five patterns have different rules governing their formation.