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WaveNodes Sigma ₹4,499 / month (billed annually)
Breakout Trading Range Trading

Intelligent Wave Clouds – IWC

₹2,499 / month (billed annually)

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A cutting-edge market analysis tool, equipped with Intelligent Wave Clouds and Price Channel features. Predict trends, identify entry and exit points, and seize lucrative opportunities with precision. Elevate your trading strategy with our advanced, user-friendly platform.

Instruments Supported

Stocks, Indices, Commodities
Market Conditions Supported

Breakout Trading, Range Trading
Supports Options Trading

Yes
Recommended Timeframes

5 Min, 15 Min, 30 Min, 1 Hr, Daily, Monthly, Weekly, Custom Timeframe
Recommended For

Beginners, Intermediate traders, Professional traders, Investors
Supported Trading Types

Intraday (day trading), Swing trading, Long term trading / investment

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Description

Intelligent Wave Clouds, IWC, is a proprietary analytical tool by WaveNodes, based on a price flow system that analyze and presents market scenarios – both balanced and imbalanced – using dynamic clouds.

  • Enhanced Visualization: Witness a new dimension in technical analysis with the INTELLIGENT WAVE CLOUDS, offering a comprehensive display of market trends on Candlestick charts.
  • Redefined Trend Identification: Seamlessly navigate market trends with the red-colored line, acting as your stop line. Easily discern bullish trends when above the line and bearish corrections when below, ensuring informed decision-making.
  • Target Precision: Harness the power of the blue-colored line, your target/retracement cloud mean point. Experience confidence in long-side strength when blue, and short-side potential when purple, corroborated by cloud color cues (yellow for strength, blue for weakness).
  • Wave Cloud Insights: Unlock the secrets of market retracement and correction ranges with the cloud representation. Expect high probability retracements around the mean of the cloud, marked by the blue-colored line.
  • Cloud Breakout Signals: Stay ahead of the curve with cloud breakouts signaling potent price action. Explore lucrative trade opportunities with decisive candle closes outside the cloud, indicating strong market momentum.

Your indispensable ally in decoding market movements and seizing profitable trading opportunities. Experience the future of technical analysis today!

How To Use

Applying WaveNodes Modules: A Step-by-Step Guide

  1. Visit TradingView.com: Go to tradingview.com in your web browser.
  2. Log In: Sign in to your TradingView account using your username and password.
  3. Open Any Chart: Once logged in, open any chart you'd like to analyze.
  4. Click on "Indicators": Look for the "Indicators" option located in the top bar above the chart.
  5. Navigate to Invite-only Scripts: Within the Indicators menu, find and select "Invite-only Scripts".
  6. Select Modules: From the list of available modules, choose the WaveNodes modules you wish to apply to the chart.
  7. Apply Modules: Click on the selected modules to apply them to your chart.

 

Intelligent Wave Clouds (IWC)

The IWC displays two lines and the cloud on the Candlestick chart.

The purposes of these two lines are explained below:

The red-colored line, also referred to as the stop line: This line serves the purpose of identifying when the trend has actually begun and when the wave is about to end. The wave is considered to be in a bullish trend or recovery phase when the price is above the red line. Similarly, a wave is considered to be in a bearish trend or correction phase when it is below the red line.

The blue-colored line, also referred to as the target/retracement cloud mean point: This line turns blue whenever price action suggests strength towards the long side and turns purple when the price action is weak and suggests a preference for the short side. This information can also be validated with the help of the cloud color. If the cloud color is yellow, then it shows strength in price action, while the blue cloud color shows weakness in price action.

Wave Clouds: The cloud represents the expected or possible retracement or correction range for the current wave. Usually, the blue-colored line is the mean of this cloud and is expected to be the high probability point for retracement or correction of the wave.

If the cloud is broken, meaning the candle closes outside the cloud, it can result in very strong price action. Thus, cloud breakouts are usually seen as a strong sign for a good trade opportunity build-up.