Maximo trader 2025

The Wave Cipher AutoFib Trend Scouter is an advanced multi-layer technical analysis tool for TradingView that combines:

• WaveTrend (Cipher B)

  RSI + MFI

  Stochastic RSI

  Divergences

  Elliott Wave Auto-Detection

  Automatic Fibonacci levels

  Trend Confirmation Signals

It’s designed to identify momentum shifts, divergences, and wave structures for precise entry/exit decisions.

2. Input Settings Breakdown

WaveTrend Settings

• WT Channel Length / Average Length: control the smoothing speed of the oscillator.

  Overbought / Oversold levels: typically 53 / -53 are standard.

  Show Divergences: draws bullish/bearish divergence points.

  Show Buy/Sell/Gold Dots: toggles visual signals.

RSI & MFI Settings

• MFI Period / Multiplier: controls how sensitive the money flow area is.

  RSI Length / Source: standard RSI parameters (default 14).

  Show Divergences: highlights RSI-based divergence points.

Stochastic RSI Settings

• RSI Length / Stochastic Length / Smoothing: controls oscillation.

  Use Log: logarithmic smoothing for more stable output.

  Average K & D: optional smoothing between lines.

Elliott Wave Settings

• ZigZag Lengths (1/2/3): define the pivot sensitivity.

  Colors: choose colors for each wave layer.

  Fibonacci Levels: define retracement ratios.

  Show ZZ: toggle the ZigZag base lines.

3. Reading the Chart

Buy Signals

• Green dot below zero = WT bullish cross in oversold area.

  Green “•” circle = bullish divergence detected.

  Orange “•” circle = gold buy setup (strongest).

  Confirm with MFI turning green and Stochastic RSI rising.

Sell Signals

• Red dot above zero = WT bearish cross in overbought area.

  Red “•” circle = bearish divergence detected.

  Confirm with MFI turning red and RSI dropping.

Elliott Waves

• Blue or white numbered waves (1–5) indicate impulsive structure.

  Letters (A–B–C) indicate corrective structure.

  New patterns trigger alerts like “New EW Motive Bullish Pattern found.”

  If structure breaks → alert: “Invalidated EW Pattern.”

Fibonacci Bands

• Lines at 0.5, 0.618, 0.764, 0.854 retracement levels.

• Green = level intact (wave likely still valid).

• Red dotted = level broken (trend invalidation).

4. Practical Use Case

1. Identify a WT Buy Dot near oversold levels.

2. Confirm with a bullish divergence (•) on WaveTrend or RSI.

3. Check MFI area turning positive (green).

4. Ensure Stochastic RSI is crossing upward.

5. Optionally validate wave structure (Wave 2 or 4 correction ending).

6. Enter position with stop below last swing low.

7. Watch AutoFib levels for take-profit zones.

5. Tips for Use

• Works best on 15min–4H timeframes.

  Combine with price action and volume profile for confirmation.

  Disable unnecessary features (Sommi, MACD colors) for clarity.

  If colors look off, enable Dark Mode.

6. Alerts (pre-built in script)

• Buy / Sell dots

  Divergence-based entries

  Elliott Wave pattern detection

  Wave invalidations (break of Fibonacci zones)

You can enable these alerts manually in TradingView after adding the indicator.

Submit by Janus Trader

This is the first step you take when starting to look into trading. You know that its a

good way of making money because you've heard so many things about it and heard

of so many millionaires. Unfortunately, just like when you first desire to drive a car

you think it will be easy - after all, how hard can it be? Price either moves up or

down - what's the big secret to that then – let’s get cracking!

Unfortunately, just as when you first take your place in front of a steering wheel you

find very quickly that you haven't got the first clue about what you're trying to do.

You take lots of trades and lots of risks. When you enter a trade it turns against you

so you reverse and it turns again and again, and again.

You may have initial success, and thats even worse - cos it tells your brain that this

really is simple and you start to risk more money.

You try to turn around your losses by doubling up every time you trade. Sometimes

you'll get away with it but more often than not you will come away scathed and

bruised You are totally oblivious to your incompetence at trading.

This step can last for a week or two of trading but the market is usually swift and

you move on the next stage. (see manual)