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

  1. Bard • 06/27/2019 #

    Hi Nicolas, thanks a lot for coding this interesting looking indicator.

    I read: https://www.tradingview.com/chart/BTCUSD/6SIl2X3f-The-Holy-Grail-of-Trading-Advanced-Volatility-Theory

    and wondered why is 1.25 std deviations the “fulcrum” between the compression and expansion of the distribution? Or as the author puts it: 1.25 std devs is “the pivot point for the expansion and compression of the ENTIRE distribution for that period.”?

    Cheers for any insights!

  2. Bard • 06/27/2019 #

    I’ve also just noticed that changing the “Bands Deviation” setting from 1.25 to eg 3 doesn’t change the indicator at all?

  3. bartekz • 363 days ago #

    Hi @Nicolas,
    Really impressed by your work.
    I am trying to replicate the Wave-PM indicator that you coded. Would you mind answering some question? Would really appreciate it.

    • Nicolas • 363 days ago #

      You don’t have to replicate it, download the file and import it into your platform.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar
Related users ' posts
Bruno Carnazzi Il y a à boire et à manger chez Ehlers, quand même :)
RubberToe Doesn't work for me, the .ift or the code above...
RubberToe Is there something we are missing here, I just get the same curved line as well...
Nicolas You might have made a bad copy/paste; you should download and import the itf file instead.
guillermo93 Bonjour Nicolas, tout d'abord je tiens a vous féliciter pour le travail que vous apportez a ...
Nicolas Je ne peux pas donner de conseil sur les robots de trading. Sur le site tout est gratuit. S...
Seabiscuit Hi! I like this indicator a lot, been using it on a 30 min timeframe and usually confirms my...
ialaoufadia Je viens de comprendre l'origine de mon problème : le graphique n'avait tout simplement pas ...
ialaoufadia Merci Nicolas, le problème était donc autre.
Gianluca Sorry but the stochastic part should be different: sto=Stochastic[14,1] stod=average[3](sto)...
Fabian Hi Thomas, thanks for your explanations. Which indicator do you use in the screenshot ...
Thomas Thats On Balance Volume and Bollinger or SMA or what you want. It shows me the volume flow. ...
bertrandpinoy @MAKSIDE I would be grateful if you send me your version. have a nice day
Juan Gonzalez Que buen contenido! No tienes alguno que me permita operar Order Flow? Gracias
jissey Bjr Nicolas, merci pour cet indicateur interessant, mais en le recopiant pour creer un progr...
Nicolas Il doit s'agir d'un mauvais copier/coller. Je suggère de télécharger le fichier itf contenu ...
Fabian Hi IV Mcm, have you drawn the rectangles (Dinamic, Range) by yourself in the chart or are...
IV Mcm Myself to illustrate ;)
oraclus Bonjour indicateur très intéressant existe t il un screener qui détecte les actions qui donn...
IV Mcm Ce n'est pas le but de cet indicateur, mais avec un peu d'entraînement vous pourriez le code...
imonix Have been trying this on demo since Monday before deciding whether to go live with it. Using...
Roberto Blázquez I'm sorry, I've tried it since November 2012 and it's bad results.
Dunstan I would like to get guidance_ How do I access and attach this indicator to my MT5 platform...
Nicolas You can't, use prorealtime, it's way better
jc84 Thank you very much for this indicator , not provided by PRT I was actually working at thi...
Actaru5 Caio Jan, con ognuno dei setting ottieni un indicatore visualizzato diverso, ma tutti sono ...
ggolfet Hi Actarus, what's the name of the histogram indicator below Apple's chart?
Actaru5 Flag ShowState in setting and show histogram
luxrun // volatilità Schwager calcolo incrediblecharts.com x = TR (close) y = exponentialaver...
luxrun sorry, add prt code add doesn't work
robertogozzi Don't worry about PRT code, I can't make it work either! Great for pointing that out, it's ...
luxrun One question, Roberto: the two AvgT are variable, could you explain to me what they regulate...
robertogozzi AvgT stands for Average Type, it's a parameter for the AVERAGE keyword (https://www.prorealc...
Gaby333 not working the same thing as xtian saying?
fucode I need to calculate this in excel. Is it posible ? how ?
Nicolas Ask on an Excel website?!
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...

Top