Wolfwave_nen - graphical indicator
Graphic Wolfwave_nen indicator visualizes the pattern known as "Wolf waves", which was popularized by Linda Raschke in the book "Stock Market Secrets". This pattern is built on 5 points in the way shown in the figure. Point 1 and point 5 are connected to each other and allow to draw a line where the expected target is located.
Lines Wolfwave_nen indicator are implemented according to the same principle as in the Zigzag indicator and simplify the perception of the pattern.
Commentary from ForTrader.org: Wolfwave_nen indicator - Linda Raschke's excellent execution of the Linda Raschke trading strategy, which can be used to build a good graphical trading strategy.