Wave Count works hand in glove with WhippTrend. The indicator as the title suggests counts waves. For this example we have the Indicator counting the as the master time frame and as we have the 4hr chart activated it tells us how many waves of the 4hr WhippTrend are in one wave of the Daily WhippTrend wave. It calculates the average. As you will see in the example, this current wave of the has 5+ current waves running on the 4hr.
BTCUSD on the 4 Hourly Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel, we have the Crypto Coefficient.
- On the chart we have Market Phases which shows you if the market is ranging, trending long, or trending short, short-term as well as long-term, in this instance we can see short and long term are trending long
- The Bottom three Panels are WhippTrend (4HR and D) and Wave Count. Wave Count gives you the average Wave Count for Whipp Trend in relation to a higher Time Frame and the current Time Frame as described above.
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
To request access to this indicator, please use the links provided below
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MastersOfTrading for more information, or follow the author's instructions below.
Please note that this is a private invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Public Library.
Warning: please read before requesting access.