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?

PRC is also 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 • 06/27/2019 #

    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 • 06/27/2019 #

      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
Fgats https://www.prorealcode.com/topic/indicateur-3-sigma-documentation/ lien pour la documentat...
DELBERT Bonjour , merci pour le partage et la traduction , je vais essayer d'assimiler ce nouvelle i...
jacquesgermain sì da aggiungere
Maik2404 auf welchen Wert muss ich die Kompresionsperiode stellen?
jacquesgermain — Période de compression : ce paramètre détermine la période de rétrospection utilisée pour ...
Fgats
5 months ago
bousalahane hello, thank you for sharing, I’m not top strong in the programation part, there is a way to...
Fgats Hi, With this indicator I just wanted to show the interest that can exist to synthesize th...
davidguerreir how to adapt nbStdSig values ?
superfalcio Hello, very interesting. Do you have already some tested condiction including timeframe and ...
FXtonio @RICOU en 1 minutes avec un filtre de tendance ZLSMA 200 et eventuellement un rsi 7 , 69% de...
JC_Bywan For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-m...
octum Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?) Puedes co...
geroniman bonjour si je comprends bien, qaund els points sont verts on regarde pour un long, le blanc ...
Alfy No, the dots only show the compression of the volatility. There are 3 levels of "squeeze" wh...
ted.hulsman Hi Alfy, I'm trying to understand your indicator, so I made the Bollinger Bands and the Kelt...
Khaled Thank you Nicolas! Looks like TDI (Trader Dynamic Index). Interesting to give Exit Signal as...
Nicolas ColorBetween is an instruction added last year: https://www.prorealcode.com/documentation/co...
AndPar Buongiorno Nicolas, vorrei provare questo indicatore, ma quando lo inserisco in PRT mi vengo...
Nicolas Basta aggiungerlo al prezzo https://www.prorealcode.com/blog/video-tutorials/how-to-add-an-i...
Aragorna hello Nicolas, this indicator works with the last Beta version of PRT? Ive seen tha many in...
SnorreDK Works extremely well - How? How do u implement this in a startegy? Breakoutstrategy?
Keyeming Thanks, but yes same question as above, some explanations on how to read it would be appreci...
Bateson Bonjour. Merci beaucoup ! J'ai installé l'indicateur sur PRT 11 mais pour des raisons qui ...
CederTrader Hi Denis, does this indicator add to the chart as panel, or on the candles. Thanks
Nicolas Add it on the price chart as described in this video: https://www.prorealcode.com/blog/video...
Denis Hello Nicolas and Ceder Trader, Sorry, I only just saw your replies. The indicator is alre...
bab el franco hello once installed I have no results despite different options of markets or temporality
RubberToe Is there something we are missing here, I just get the same curved line as well...
Khaled @Nicolas, Hi Nicolas, I've downloaded the itf and it doesn't display as an Oscillator, it"s ...
sal157011 I think the problem here is that you must feed the trigonometric functions cos and sin with ...
Nicolas Sorry there was a small issue in the code, i have changed the attached itf file and updated ...
Mitchy14 Hi Nicholas, apologies, I am usually fairly good at implementing your creations (for which I...
Nicolas Are you using PRT version pre-v11? TIMEFRAME for indicators is possible since months for pro...
Seabiscuit Hi! I like this indicator a lot, been using it on a 30 min timeframe and usually confirms my...
Ramahu Bonjour et merci pour cet indicateur ! je l'observe sur les actions du Nasdaq et la plupart ...
Nicolas Merci d'ouvrir un sujet dans le forum des screeners en respectant les règles de publication ...
Pensera Bravo Nicolas ! Tu es en quelque sorte l’inventeur de Metascore…(oups je viens de lire jusqu...
Nicolas Dans un but d'investissement pure, et non spéculatif.
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
Nicolas Il doit s'agir d'un mauvais copier/coller. Je suggère de télécharger le fichier itf contenu ...
Bard Hello @Nicolas, I can get this to display in a separate indicator panel but not on Price as ...
Stenozar Hi @Nicolas, how can I put the bands on price? Thanks, Stefano
Fabian Hi IV Mcm, have you drawn the rectangles (Dinamic, Range) by yourself in the chart or are...
IV Mcm Myself to illustrate ;)

Top