Wave59 is stock market software that supports the need of traders for charts and pasterns. It offers a variety of completely different tools compared to other software available in the market. The designing and programming of the software is done by a CTA that is why the main purpose is for live trading. In fact, the creator once stated in a Wave59 review that it is supposed to be for personal use only but it has expanded to so much that led to its public release. Among the features of the software are QScript which a coding language that lets the trader to create tools through the use of the tools provided, time and price pattern function as well as geometric patterns, and analysis opportunities. These can be automatic bar counts, circles, ellipses, Gann quadrates, and Fibonacci expansions. Further, it included 40 indicators and functions too.

Since Wave59 offers different sets of tools and techniques, it is vital to learn how it works and how it does ensures the success of the trader when he or she is using it. There are basically six techniques employed by the software. The first technique states three points which are using a three to six indicators always and placing a trade when all of them gives the same signal or majority, using non-correlated indicators which are measures of different parts of the market patterns, and using stops at the right moment. The second technique states that four different indicators communicate buy signals and the trader has to go short when he or she encountered them. Third, even if one or two of the indicators are used, the trader must select those that appeals to him or her most. However, it is important to take note that they should be non-correlated but with harmony as they works. Fourth, wave59 is capable of scalp tracking where the trader can look into numerous trades in just one day. Fifth, remember to use techniques for long term trades and all six the same indicators that say sell signal the trader to go short. Finally, pay attention when the fractal index is declining. This is an indicator measures trend strength using fractal patterns in the market.

Meanwhile, the advanced day trading indicators are the 9-5 count, smart money index, fractal trend index, and the Fibonacci vortex. The 9-5 count tracks price cycles to establish future turning points. While the smart money index determines the proprietary index, the fractal index computes trend fractals and patterns. The traders in the market are divided into two which are professional or smart money and the amateur or dumb money. Wave59 can measure the two groups’ activities and compare them. Also, the greater the fractals index in the market, the stronger the trend. The Fibonacci vortex, on the other hand, is the geometric meter behind all of the price changes in the market. This works when placed in the chart of the trader and lined up in the current price activity, it will show the market as it moves through the high and low of the time and prices.