Introduction
Welcome to MotiveWave™ version 6.0! There have been many new features and improvements to MotiveWave and we are excited to launch the latest version of our software.
New Product Lineup
As part of Version 6.0, we have streamlined our editions and products to make it easier to choose the product right for you.
We have introduced 2 new editions (Standard, and Elliott Wave Lite).
We have retired 3 editions (Charts, Charts Plus, and Strategy).
All Add-On Modules have been absorbed into one or more editions, so we have also retired the Add-On Modules.
Our product lineup is now simply 5 different editions to choose from.
You can still upgrade to a higher edition at any time (as long as you have active support and updates). We will still put the cost you paid for the lower edition (minus any taxes, discounts or currency conversions) towards the upgrade to the higher edition, so you will only need to pay the remaining difference.
If you own any of the retired editions or modules, don’t worry, they are still supported and you can continue using them. They are just no longer offered for new purchases. Please contact Sales if you have any questions concerning the product lineup change and how it affects you.
Standard Edition
The Standard Edition is our new base charting edition and is a robust, advanced charting platform. The Standard edition features are:
30+ Supported Brokers and Data Feed Providers
One Broker/Data Feed per Workspace
Cloud Workspaces
Comprehensive set of Chart Tools, which include:
General Analysis Components like Trend Line (and extended), Horizontal Line (and extended), Vertical Line (and extended), Price Labels, Time Labels, Fork, Modified Schiff Fork, Channel (and extended), Range, Time and Price Range, Arrows, Support and Resistance Areas, Support and Resistance Zones, P&L Calculator/PL Targets, Cycle, Time Cycle, Wedges, Angles, Curves, Regression Tools, Circles (Radius, Diameter), Triangle, Quad Polygon, Sine Wave, Quadrant Lines, Tirone Levels, Speed Lines, Cross Line
Fibonacci retracement, extension and expansion tools
Advanced Commentary & Markers like Callouts (Balloon, Line, Box), Annotation, Note, Comment, Ellipse, Boxes, Arrows (Straight, Curved), Shapes, Numbers, Letters
Formatting and Visibility Options
283+ Built-in Studies/Indicators, including Multiple Time Frame Studies, Multiple Instrument Studies (Instrument Overlay/Graph, Spread, Ratio), and ability to Choose a Different Instrument for a Study Graph
Free Java SDK for programming your own custom studies/indicators/strategies.
Unlimited Chart Templates and Chart Linking
19 Chart Bar Types, which are:
OHLC bars, HLC bars
Candlesticks, Trend Candlesticks, 3D Candlesticks, Hollow Candlesticks, Flat Candlesticks
OHLC Heikin-Ashi, Candle Heikin-Ashi, Trend Heikin-Ashi, Hollow Heikin-Ashi
Percent Change, Line, Line (Shaded), Line (Gradient)
Bars, Flat Bars, 3D Bars, No Bars
Data Import/Export
Repository
Console Pages
Timeframe Visibility Options
Simple Price Alerts
Replay Mode
Order Flow Tools—only includes Volume Profile (Does NOT include Order Flow 10 Studies Pack -TPO, Depth of Market, Bid/Ask Volume, DOM History, Big Trades Study, DOM Power, Speed of Tape, Speed Gauge, Delta Volume, Cumulative Delta)
Bar Schemes
Harmonic Components
Bull/Bear versions of manual Harmonic Components like Gartley, Butterfly, Crab, Deep Crab, Bat, Alternate Bat, Shark, Cypher, AB=CD, Alternate AB=CD, 5-0, 3 Drives
Gann Components/Tools
Gann Fan, Wedge, Angles (1x1, 2x1, 3x1, 4x1, 8x1, 16x1, 1x2, 1x3, 1x4, 1x8, 1x16), Arc, Half Arc, Circle, Cross Square, Rotatable Square, Grid, Gann Box, Ratio Grid, Gann time and ratio analysis, Pyrapoint, square price scaling, and more
Elliott Wave Lite Edition
The Elliott Wave Lite Edition is the other new charting platform addition to our product lineup and is perfect for the Elliott Wave market analyst. The Elliott Wave Lite Edition includes everything in the Standard Edition above as well as:
Analysis Packs
Elliott Wave Tools Pack
Manual Elliott Wave Tools
EW Components - Allows you to drag a pattern onto the chart and then 'wire up' the points where you want them. You can readjust where the pattern is at any time.
EW Tools - Simply choose the pattern you want to draw from a dropdown menu, then click on the chart where you want each of the points. As you click the points, MotiveWave will draw in the labels and lines for you. You can readjust where the pattern is at any time.
Elliott Wave Markers - A simpler version of the Elliott Wave components, which may be used to place an Elliott Wave label (just a label, no lines) on the chart. This can be useful for showing an alternative wave count on the same chart as the primary count.
Semi-Automatic Elliott Wave Tools
Auto Wave Tool - Select a section of the chart and MotiveWave will automatically fill in the best patterns within that section. You can adjust where the pattern is at any time.
Auto Analyzer - Need help getting started with a wave count? Auto Analyze will automatically plot Elliott Wave patterns over a specified range of data to a specified level of decomposition on one chart, either based on a Data Window or a Start Date.
Automatic Elliot Wave Tools
Auto Elliott Wave Study - Looking for fully automated wave counts? The Auto Elliott Wave Study will create and automatically update a wave count in real time, as new historical bars are generated.
Wave Ratio and Time Analysis
Fibonacci ratios between waves are an essential tool for forecasting price movements. MotiveWave supports all price and time ratios (examples: 2 vs 1, 4 vs 3, B vs A, C vs A+B, X vs W). Multiple ratios can be displayed at the same time and conveniently accessed using keyboard shortcuts.
Decompose Waves
MotiveWave allows you to easily decompose wave formations to multiple levels on all of our Elliott Wave tools
Depending on the Elliott Wave tool you're using, you can tell MotiveWave to automatically decompose to a specific number of levels, to decompose to all possible levels, or MotiveWave will also highlight the possible patterns available to use to decompose a specific pattern you're looking at, if you want to choose the decompose pattern yourself.
Trade Edition
Along with the many new implemented features and enhancements mentioned below for Version 6.0, we’ve also added these additional features into the Trade Edition (vs. Version 5.4.25), as part of our product lineup change:
Exit Strategies (new name, previously entry/exit strategies)
Unlimited Chart Templates
Unlimited Chart Linking (previously limited to Link All/Red Group)
Replay Mode
Data Import/Export
Heikin Ashi
Percent Change Charts
Console Pages
Square Price Scaling
Bar Schemes
Simple Price Alerts
Timeframe Visibility Options
General Analysis Components
Trend Line (and extended), Horizontal Line (and extended), Vertical Line (and extended), Price Labels, Time Labels, Fork, Modified Schiff Fork, Channel (and extended), Range, Time and Price Range, Arrows, Support and Resistance Areas, Support and Resistance Zones, P&L Calculator/PL Targets, Cycle, Time Cycle, Wedges, Angles, Curves, Regression Tools, Circles (Radius, Diameter), Triangle, Quad Polygon, Sine Wave, Quadrant Lines, Tirone Levels, Speed Lines, Cross Line
Advanced Commentary & Markers
Callouts (Balloon, Line, Box), Annotation, Curly Braces, Brackets, Note, Comment, Ellipse, Boxes, Arrows (Straight, Curved), Shapes, Numbers, Letters
Formatting and Visibility Options
Harmonic Components
Bull/Bear versions of manual Harmonic Components like Gartley, Butterfly, Crab, Deep Crab, Bat, Alternate Bat, Shark, Cypher, AB=CD, Alternate AB=CD, 5-0, 3 Drives
Gann Components/Tools
Gann Fan, Wedge, Angles (1x1, 2x1, 3x1, 4x1, 8x1, 16x1, 1x2, 1x3, 1x4, 1x8, 1x16), Arc, Half Arc, Circle, Cross Square, Rotatable Square, Grid, Gann Box, Ratio Grid, Gann time and ratio analysis, Pyrapoint, square price scaling, and more
Professional Edition
Along with the many new implemented features and enhancements mentioned below for Version 6.0, we’ve also added these additional features into the Professional Edition (vs. Version 5.4.25), as part of our product lineup change.
Exit Strategies (new name, previously entry/exit strategies)
Analysis Packs
Custom Order Shortcuts
Timeframe Visibility Options
Harmonic Components/Tools
Bull/Bear versions of manual Harmonic Components like Gartley, Butterfly, Crab, Deep Crab, Bat, Alternate Bat, Shark, Cypher, AB=CD, Alternate AB=CD, 5-0, 3 Drives
Auto Gartley tool
Auto AB=CD tool
Auto Harmonic Study
Harmonic Scanner
Gann Components/Tools
Gann Fan, Wedge, Angles (1x1, 2x1, 3x1, 4x1, 8x1, 16x1, 1x2, 1x3, 1x4, 1x8, 1x16), Arc, Half Arc, Circle, Cross Square, Rotatable Square, Grid, Gann Box, Ratio Grid, Gann time and ratio analysis, Pyrapoint, square price scaling, and more
Ultimate Edition
The Ultimate Edition continues to be our top of the line charting, trading, and Elliott Wave platform, which includes all of our features.
The main difference between Professional and Ultimate, is that Ultimate includes all Elliott Wave functionality and Hurst Cycles.
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