FunwithThinkScript – Wolfe Wave for ThinkorSwim

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FunwithThinkScript – Wolfe Wave for ThinkorSwim

Wolfe Wave for ThinkorSwim

What if you could predict the future? This zero-lag indicator relies on price action alone. ThinkorSwim version of Wolfe Wave available here exclusively.

This is a zero-lag indicator that relies on price-action alone. It automatically identifies and draws the Wolfe Wave pattern in real time.

The Wolfe Wave is a price pattern that was first identified by Bill Wolfe and later popularized by market wizard Linda Raschke.

Linda briefly describes the pattern in an interview she did for Opening Bell Monthly. After reading her interview, I recommend reading the free ebook, “Seeing the Future,” that was put out by the originator himself.

This indicator will work on any chart time frame and with any instrument (stocks, futures, currency pairs, etc.) A few more examples are shown below.

The indicator includes a user-setting that allows for the wavelength to be adjusted. The larger the number, the longer the identified waves will be. Below is a screenshot demonstrating the difference between a wavelength of 5 and one of 13. The same stock and time frame is used for both.

The Wolfe Wave indicator for ThinkorSwim is exclusive to my Fun with ThinkScript blog.

Find potential trades with the

Wolfe Wave scanner available here

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