Wolfe Wave Detector

The Wolfe Wave Detector finds five-segment Wolfe Wave patterns automatically and projects their target line, sparing reversal traders the work of mapping swing points by hand. The pattern's converging channel shares its geometry with the rising or falling wedge: points X through D outline the structure, and the target (point E) is projected by extending the line from X through C. A multiple-swing engine scans many swing lengths at once, catching small and large formations alike, while a dashboard tallies patterns found and targets reached.

How to Trade the Wolfe Wave Detector?

• Price reaching point D: the pattern calls for a reversal from D toward the projected target line at E.
• Target line hits: a dot prints when price crosses the line, green when the target sits above D, red when below.
• Extended target line: held up to 50 further bars, it often keeps serving as support or resistance after the pattern completes.
• Progression view: watch patterns form early with the Full or Partial display, or show completed structures only.

A textbook Wolfe Wave is symmetrical: same-direction lines mirror each other's angles and the channel stays near-parallel. Tighter tolerances yield cleaner but rarer patterns; a larger Margin can delay validation.

Wolfe Wave Detector Settings

• Minimum Swing Length: the shortest swing used in detection.
• Maximum Swing Length: the longest swing considered; a wider range captures more diverse formations.
• Margin: symmetry tolerance around the wave. Higher is more permissive.
• Angle: tolerance for channel symmetry.
• Extend Target Line: prolongs the target line up to 50 bars before contact.
• Show Progression: Full, Partial or None, setting how much of a forming pattern to reveal.
• Calculated Bars: limits calculation depth to keep the script fast.
• Style inputs cover bullish/bearish toggles, colors, dot size, and the dashboard's visibility, location and text size.

Frequently Asked Questions

What does the dashboard track?

How is this different from harmonic patterns?

How do I get the Wolfe Wave Detector?