WA V E PM
Info
The WA V E PM is a Indicator for MetaTrader 5 that whistler's active volatility energy - price mass indicator. The indicator was described in the book "Volatility illuminated" by Mark Whistler.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use WA V E PM
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Whistler's Active Volatility Energy - Price Mass indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Long-Term Trend TRIX Oscillator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Whistler's Active Volatility Energy - Price Mass indicator. The indicator was described in the book "Volatility illuminated" by Mark Whistler.The indicator has twelve input parameters:
Also recommended: Price Channel Indicator - similar indicator with strong performance on MetaTrader 5.
Fast bands period
- fast line calculation period
Fast bands shift
- fast line shift
Fast bands deviation
- fast line deviation
Slow bands period
- slow line calculation period
Slow bands shift
- slow line shift
Slow bands deviation
- slow line deviation
Chars
- fast and slow oscillators calculation period
Extreme top level
- extreme upper level value
Top level
- upper level value
Central level
- central level value
Bottom level
- lower level value
Extreme bottom level
- extreme lower level value
You may also like: Multi-Timeframe Moving Average Indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.