WolfeWaves is an indicator designed for automatic real-time detection, validation, and visualization of Wolfe Wave patterns, primarily in Forex markets. It identifies bullish and bearish 5-point Wolfe Wave structures using an adaptive ZigZag engine to detect swing points, applying configurable depth and deviation settings to adapt to varying market conditions. The indicator projects key trade levels including Entry, Stop Loss, and Target (ETA line), and calculates the Risk/Reward ratio, displaying all elements directly on the chart for immediate execution.

A built-in performance dashboard tracks live statistics such as total signals detected, win rate, total profit and loss (in pips), profit factor, average risk/reward, gross profit and loss, and trade status (open, win, loss). This facilitates objective evaluation of Wolfe Wave behavior across different currency pairs and timeframes, supporting normal, Renko, and Heiken Ashi chart types from 1-minute to 4-hour intervals.

The tool is intended as a decision-support system for traders who prioritize structured, geometry-based pattern recognition and risk asymmetry. It automates a traditionally discretionary pattern into a rules-based approach without manual drawing or hindsight analysis. Customization options include adjustable ZigZag sensitivity and optional dashboard display. The indicator is not a trading signal service and requires proper risk management.