Neowave Chart Plotter

The Neowave Chart Plotter is a distinctive product in the realm of Forex trading tools. Its primary function is to plot wave charts based on the NeoWave method, an advanced technique in financial market analysis. The NeoWave method, created by Glenn Neely in 1990, is an evolved form of the Elliott Wave Theory. It promises a scientific, objective, and revolutionary approach to financial charting.

Efficient Wave Chart Plotting with Neowave

The plotting of wave charts or cash data charts is the first step in analysing financial markets using the NeoWave method. This process involves marking the highs and lows in the order they occur. While this can be a laborious task for any symbol on any timeframe, the Neowave Chart Plotter Expert Advisor can automate this process in real-time, enhancing trading efficiency significantly.

Key Features of Neowave Chart Plotter

This trading software offers a host of features that aid in Forex market analysis. It can draw wave charts on yearly, monthly, weekly, daily, hourly, and minutely timeframes. It also allows the plotting on Gregorian and Solar calendars. Switching between wave chart and candlestick chart simultaneously is another added convenience. Updating wave charts online in real-time is a feature that ensures you have the most accurate and updated data for your analysis.

Notably, the Neowave Chart Plotter can draw wave chart and candle chart on logarithmic scales and calculate Fibonacci ratio on the logarithmic scale. It also offers tools like the last price crosshair and the current price crosshair. The possibility of adding watermarks, logos, and pattern labels like impulsive, zigzag, flat, triangle, diametric, symmetrical, etc. for different degrees, makes this tool highly customizable.

Real Trading Results

Real trading results have shown that this Expert Advisor can significantly simplify the process of wave analysis in Forex trading strategies. It is important to note that the Neowave Chart Plotter does not function on the demo version, as it only works in Strategy-Tester mode.

FAQs about Neowave Chart Plotter

Q: Can I use the Neowave Chart Plotter on any symbol and timeframe?
A: Yes, this tool allows you to plot wave charts on any symbol and any timeframe, offering great flexibility.

Q: Does the Neowave Chart Plotter offer real-time updates?
A: Yes, one of the key features of this tool is its ability to update wave charts online in real-time.

Q: Can I customize the charts?
A: Absolutely, the tool allows you to add watermarks, logos, and pattern labels, enhancing its customization options.

We invite you to share your experience of using the Neowave Chart Plotter. For independent testing of this tool, you can visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. Remember, this is an independent product review, and the text is written in an unbiased manner.