Mark Whistler’s Wave PM

v10.3
Mark Whistler’s Wave PM

The Wave PM (Whistler Active Volatility Energy Price Mass) indicator is an oscillator described in the Mark Whistler’s book “Volatility Illuminated”.

The Wave PM was specifically designed to help read cycles of volatility. Read when a strong trend is about to start and end, along with the potential duration of lateral chop. By using concepts of probability and volatility, which anyone can understand, retail traders can learn to think about “risk” more like an institutional trader… With WAVE PM and an understanding of institutional risk-based trading, at home traders are able to start seeing volatility as opportunity, not an “out of the blue” hindrance.

Price Mass is not a directional oscillator it’s more of a gauge of potential energy left in the distribution cycle from Mark Whistler’s book “Volatility Illuminated”

Discussion about the indicator and other concept derivated took place here.

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
Marie-Eve Vergoz lorsque je copie les codes, le système me signale des erreurs à la ligne 12 et suivantes
Marie-Eve Vergoz sorry - tout est ok -
Nicolas I don't know, that code is a 1:1 translation from another platform.
jm1111enator Hello Nicolas, Is this a conversion from Tradestation Easy Language? If so, do you have a ...
Nicolas Sorry I do not provide assistance for Tradestation code.
Juanjo Hola, Buscando un sistema valido para operar el squeeze, he reprogramado el indicador para ...
mauro1966 BRAVO....
Nicolas En effet merci, erreur corrigée, la variable Risk affecte désormais comme il se doit les cal...
nader003 How can we get this indicator on MT4
Nicolas You can ask for private custom coding to our programming services: https://www.prorealcode.c...
luxrun Ok, thank you
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
robertogozzi //Ti = ((close > Cy) * Tt) OR (((close Cy) THEN Ti = Tt ELSE Ti = -Tt ENDIF
PastaPesto Hello Roberto! Thank you for this indicator. I thought I would try it out in a strategy, bu...
robertogozzi I just realized that there's a line that shouldn't be there. It's line 5, please remove it,...
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
luxrun bellissimo lavoro, Roberto, grazie!
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
Akram Hi Roberto the WPZO is the bounded oscillator by percentage like the SHO Here is the artic...
juanj
6 months ago
juanj I have actually completely redesigned this indicator with loads of improvements, so will res...
Bard Thanks for this great addition. How would you "finish the syntax" if you were to use an ALMA...
Bard Problems with Safari latest s/ware and this site and links and adding code. Let me add the...
jissey Bonjour Bolsatrilera,j'essaie de vous contacter pour le cm rsi ;je le trouve interessant, m...
jissey J'essaie de vous contacter pour l'indicateur"cm rsi"....
lokbuscas is it possible to make a screener with this conditions??? thank you
achel I believe so but I leave it to Nicolas to decide if it is possible
Nicolas Please open a new topic in the screeners forum
skysoldier hello, thank you for this code, I was wondering if it is compatible with thinkorswim at all?
Nicolas No, but you can ask for private coding job at our programming services.
joobeng I get area of shading above and below a horizontal line. How can I post a picture here ? Thanks
joobeng Sorry, I solved the problem. I have add the CBL indicator using the spanner icon on the pric...
Nicolas Adjust the price settings for the Y Axis to use the price only.
supertiti Hola Ale Can we have this same code from Nicolas's code in smoothed heikin Ashi? Sorry...
ALE Ok, We can discuss in the topic "3D Candlesticks TOPIC" Write me more details
Leo Does it opens pending orders?... maybe they were not trigger.
Mattzi Dont know, all i can see is that it opened an order yesterday in backtest but not live. Th...
Jean-Christophe Hello Leo, when running the strategy from 29/12/2015 to 31/08/2018 on ProRealTime Premium, I...
apachx Hi. Please, describe the algorithm in words. I want to understand how it works, but for now...

Top