This is a zero-lag indicator that relies on price-action alone. It automatically identifies and draws the Wolfe Wave pattern in real time.
The Wolfe Wave is a price pattern that was first identified by Bill Wolfe and later popularized by market wizard Linda Raschke.
Linda briefly describes the pattern in an interview she did for Opening Bell Monthly. After reading her interview, I recommend reading the free ebook, “Seeing the Future,” that was put out by the originator himself.
This indicator will work on any chart time frame and with any instrument (stocks, futures, currency pairs, etc.) A few more examples are shown below.