This indicator takes the guess work out of locating the dominant trend and when used with your current trading system or approach will help boost your profits. With this indicator you also get high probability trend forecasts.
The Optimum Wave Locator (OWL) indicator locates and labels the major trade-able waves in markets known as "Impulsive Trends" for the highest profit in the least amount of time. OWL identifies Wave 3 which is the most profitable and powerful wave in the Elliott Wave pattern. It sorts out minor corrections from major changes in trend.