Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Motivewave 2.4 now with Auto Elliotwave Study

39 sec read

Just testing with the new features released with Motivewave version 2.4. I should i have to say that this time motivewave had come with more innovative features like Elliott Wave Study – The Auto Analyze feature , Point & Figure Bars, GANN Enhancements such as Pyra Points and Cross Square.

Nifty Elliot Wave
(Disclaimer : The above chart shown is for study purpose only and not for trading decision)

 
Out of that what impressed me is Elliott Wave Study – The Auto Analyze feature. Check out the sample nifty spot hourly charts with auto elliotwave study. Definitely Elliot wave lovers will fall in love with this feature.

New Studies introduced in motivewave 2.4

Elliott Wave Study – The Auto Analyze feature implemented as a study (Study>Overlays>Elliott Wave). Note: waves generated in this study are read only and will be automatically updated on new bars
Chartmill Value Indicator
DMI Stochastic
Multi Level Indicator
Sector Rotation Model
Spearman Indicator
TMV (Trend Momentum Volatility Volume)
Smoothed Rate Of Change – Rate of Change Study based on a Moving Average instead of the closing price
Volume Zone Oscillator

more motivewave feature information can be found here

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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10 Replies to “Motivewave 2.4 now with Auto Elliotwave Study”

  1. @Rajandran R ,

    What is the Decompose Level for the above given motive wave chart?

    When I try to import the Nifty future 1min excel csv data. It gives Unrecognized format error.
    So, Could you please give a post about How to import the excel csv data in to the Motive Wave?

    Thanks & Regards,
    Krish

  2. Dear,
    Mr. Rajendran,
    nice to see ur website,
    we will be highly obliged if u join ourtraders group on Telegram
    we are 130traders in the group,
    A person like u with such a versatile knowledge will surely
    add up more to our group..
    Regards,
    Sayyed
    Ravriya Group

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