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FractalWave Navigator — Automatic Multi-Level Wave Analysis

IndicatorMT4MT5v1.0$10.00

FractalWave Navigator — Automatic Multi-Level Wave Analysis

Decode Market Structure Instantly. Trade Waves with Precision.

FractalWave Navigator is a professional automatic wave analysis indicator that builds three hierarchical wave levels directly on your chart — eliminating subjective wave counting and giving you a clear, standardized view of market structure.

Unlike manual wave analysis where every trader draws differently, this indicator provides quantitative, objective wave definitions — consistent across all users, all instruments, and all timeframes.

How It Works

The indicator uses a three-stage algorithmic pipeline:

Micro Waves (Level 1) — Precision swing-point detection identifies basic turning points, filtering out noise below a configurable threshold
Minor Waves (Level 2) — Micro waves are merged into intermediate structures based on swing ratio and minimum leg count
Major Waves (Level 3) — Minor waves are merged further to reveal the dominant trend direction

Each level is drawn as a color-coded ZigZag with different line thickness, so you can instantly distinguish wave hierarchies at a glance.

Key Features

Three-Level Wave Hierarchy

Micro Waves (thin blue) — Fast swing structure for scalping and short-term momentum analysis
Minor Waves (medium orange) — Intermediate segments perfect for swing trading setups
Major Waves (thick gold) — Primary trend direction for position trading and top-down analysis

Linear Regression Channel

Automatically calculated dynamic channel on recent price action
Color-coded by trend direction: blue = bullish, red = bearish
Upper and lower bands based on configurable standard deviation

Fibonacci Retracement Levels

Seven levels plotted automatically on the last Major wave swing: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
Each level shows exact price value
Identify high-probability reversal zones without drawing a single line

Oscillation Zone Detection

Highlights consolidation areas where wave boundaries overlap
Green zones = bullish bias | Red zones = bearish bias
Marks potential accumulation/distribution and breakout areas

Real-Time Info Dashboard

Current trend direction (Bullish / Bearish)
Daily range and ATR(14)
Current spread
Wave count across all three levels
Last Major swing size in points
Symbol, timeframe, update time

Alert System

On-screen popup alerts
Sound notifications
Push notifications to mobile
Email alerts
Triggered on Major and/or Minor wave turning points

Best Instruments

FractalWave Navigator works on any instrument and timeframe, but trending markets produce the clearest wave structures:

Gold (XAUUSD) — Excellent wave clarity
Crude Oil (WTI/Brent) — Strong trending behavior
GBP pairs — High volatility, clean waves
Bitcoin / Crypto — Pronounced trend cycles
Indices (US30, NAS100, SPX500) — Clear major structures

Trading Applications

Trend following — Major waves define direction, Minor waves time your entries
Swing trading — Enter on Minor wave pullbacks within the Major trend
Scalping — Use Micro waves on M1/M5 with Minor waves as trend filter
Mean reversion — Oscillation zones + Fibonacci levels pinpoint reversal areas
Risk management — Wave structure provides natural stop-loss and take-profit levels

Input Parameters

Parameter	Default	Description
Micro Depth	5	Lookback depth for swing detection
Micro Min Size	8 pts	Minimum swing size to qualify
Minor Min Ratio	2.0	Must be 2x average Micro swing
Minor Min Legs	2	Minimum Micro legs required
Major Min Ratio	2.0	Must be 2x average Minor swing
Major Min Legs	2	Minimum Minor legs required
Channel Period	60	Regression lookback (bars)
Channel Width	2.0	Std deviation multiplier
Max Bars	800	Max bars to calculate (0 = all)

All visual elements can be toggled on/off independently. All colors are fully customizable.

Specifications

	MT4	MT5
Platform	MetaTrader 4	MetaTrader 5
Timeframes	M1–MN	All including M2, M3, H2, H6, H8, H12
Instruments	All	All
Chart Window	Main	Main
Buffers	6	6
CPU Impact	Low	Low

How to Install

Download the .mq4 or .mq5 file
Open your MetaTrader terminal
Go to File → Open Data Folder
Copy the file to MQL4/Indicators/ or MQL5/Indicators/
Restart the terminal or right-click Navigator → Refresh
Drag FractalWave Navigator onto any chart
Adjust parameters and click OK

FAQ

Does the indicator repaint? The current forming wave may adjust as new bars arrive — this is normal for real-time wave analysis. Completed waves (confirmed by a subsequent opposite swing) do not repaint.

How is this different from standard ZigZag? Standard ZigZag shows only one level of swings. FractalWave Navigator builds three hierarchical levels where each higher level is algorithmically derived from the lower one, plus adds regression channels, Fibonacci levels, oscillation zones, and a full information dashboard.

Can I use it for scalping? Yes. Enable only Micro waves on M1/M5 with Minor waves as a trend filter. The three-level hierarchy is designed for multi-timeframe confluence.

What settings should I start with? The default parameters work well for most Forex pairs on H1. For Gold or volatile instruments, try increasing Micro Min Size to 12–15. For lower timeframes (M1–M5), reduce Micro Depth to 3.