MotiveWave allows you to create unlimited Workspaces, which are the connection to a broker or data service provider.Each Workspace is a separate instance of MotiveWave with its own local database.

One Broker or Data Feed per Workspace

• In the Community, Standard, Order Flow, and Elliott Wave Lite Editions, you can only have one connection per Workspace.
• If you would like to have several broker or data feed connections, you will need to create a separate Workspace for each one.

Multiple Brokers/Data Feeds per Workspace

• In the Professional and Ultimate Editions, you can add multiple broker and data feed connections within the same Workspace.
• You can still create separate Workspaces for each broker or data feed connection, if that is your preference.

MotiveWave™ is a native macOS application. Our desktop app also supports Windows and Linux. All MotiveWave™'s latest versions are available from our Download page. You can install MotiveWave™ in different operating systems using the same license key with no extra cost. However, you cannot run the software on multiple dekstops at the same time.

MotiveWave Mobile Trading App is avaliable on any device – iOS or Android, phones or tablets.

For more information on our mobile app, visit this page.

• Access to a powerful library of 280 to 290+ built-in studies and indicators, depending on the editions, with more always being added.
• You can see the full list of studies/indicators in the software by going to Study > All Studies (from the top menu bar)
• More information on many of our built-in studies can be found in our Studies section on our documentation page .

The Basic DOM is included in the Community, Standard and Elliott Wave Lite Editions. Basic Depth of Market includes:

• Volume profile
• Full Market Depth beyond 10 levels (currently Rithmic only)
• Ability to see actual Position in Queue (currently Rithmic only)
• Custom order size hot-keys
• Profit/Loss (P/L) column
• DOM Templates
• Center DOMs on last price

The Advanced DOM is included in the Order Flow, Professional, and Ultimate Editions only. Advanced Depth of Market includes:

• Ability to track recent trades at the bid and ask
• Ability to track pulling and stacking in the order book
• Volume profile (with separate bid and ask volume profiles)
• Market by Order, which will display individual order sizes in the book (depends on the data provider)
• Full Market Depth beyond 10 levels (depends on the data provider)
• Ability to see actual Position in Queue (currently Rithmic only)
• Notes column for highlighting important levels
• Custom order size hot-keys
• Profit/Loss (P/L) column
• DOM Templates
• Center DOMs on last price

MotiveWave™ has extensive Order Flow Tools and functionality.

The Community, Standard and Elliott Wave Lite editions have limited Order Flow studies/tools, such as:

• Volume Profile and VWAP Studies. For the Community edition, only Bar Data is available.
• Basic DOM - Depth of Market.

The Order Flow, Professional and Ultimate editions include all Order Flow studies/tools, such as:

• Advanced DOM - Depth of Market.
• Order Flow Studies Pack (13 studies): TPO, Volume Imprint, Depth of Market, Delta Volume, Cumulative Delta, Volume Profile, VWAP, Bid/Ask Volume, DOM History, Big Trades Study, DOM Power, Speed of Tape, Speed Gauge.
• Extra four Order Flow Components of the Volume Profile, TPO, Delta Profile and VWAP.
• Time and Sales

See more information on our Order Flow Studies/Tools page.

The TPO (Time Price Opportunity) Study is only available in the Order Flow, Prodessional and Ultimate Edition.

This powerful study displays market activity using time and price. It plots the difference between the Bid/Ask Volume as it accumulates throughout the trading day.

Trading capability is available in the MotiveWave Standard, Order Flow, Elliott Wave Lite, Professional, and Ultimate Editions, giving you the ability to place trades through the MotiveWave platform back to your connected broker.

The Trading Functionality includes:

• Trading directly from a chart or the chart axis
• Trading from the Trade Panel, where you can use Exit Strategies
• Trading from the DOM
• Trading from Buy/Sell Boxes
• Trading from Watchlists
• Trading from Alerts
• Placing trades from the Accounts Panel or Orders Panel

There are also plenty of Preferences and options to customize and streamline your trading in MotiveWave to match your personal trading style, like keyboard and mouse shortcuts and modifiers, and order presets.

This feature allows you to copy trade across multiple accounts and is available in the Order Flow, Professional and Ultimate editions.

• Order Flow edition - This edition allows one connection per workspace. You can trade multiple accounts given that these accounts are with the same broker and all available under the same connection (same username and password).
• Professional and Ultimate editions - You can trade across multiple brokers by adding them to the same workspace.

All MotiveWave current listed editions come with a base set of 18 Chart Bar Types and 3 Data Modes, which are:

• OHLC bars, HLC bars, High/Low bars
• Candlesticks, Trend Candlesticks, 3D Candlesticks, Hollow Candlesticks, Flat Candlesticks
• Line, Line (Shaded), Line (Gradient)
• Square Line, Square Line (Shaded), Square Line (Gradient)
• Bars, Flat Bars, 3D Bars, No Bars
• Data Modes: Normal, Heikin Ashi, Percent Change.

In most of MotiveWave editions ( except the Community edition), you get 10 additional Chart Bar Types:

• Non-Linear Bars - Tick, Range, Renko, Hybrid Renko, NT Renko, Constant Volume, Point & Figure, Reversal
• Second-Based and Millisecond-Based Bars (Require Historical Tick Data)

MotiveWave comes with a comprehensive set of Chart Tools, which include:

• General Analysis Components such as 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, Wedges, Angles, Curves, Regression Tools, Circles (Radius, Diameter), Triangle, Quad Polygon, Sine Wave, Quadrant Lines, Tirone Levels, Cross Line, etc.
• Advanced Commentary & Markers like Callouts (Balloon, Line, Box), Annotation, Note, PopupNote, Pen, Highlighter, Comment, Ellipse, Boxes, Arrows (Straight, Curved), Shapes, Numbers, Letters.
• Fibonacci: Retracement, Extension, Expansion, Circle, Arc, Fan
• Formatting and Visibility Options

Chart Templates

• For convenience, studies can be organized into templates that contain one or more studies with specific settings. A template can then be applied to another chart, or be set as a default template to be automatically be applied each time you open a chart.

Chart Linking

Chart linking (see video ) is a powerful feature that enables you to apply an action to a set of charts (instead of a single chart at a time).

There are three modes for linking charts:

1. Instrument (Symbol) - In this mode, you can have a group of charts set with different bar sizes and quickly change the symbol simultaneously on all charts while your set bar sizes do not change.
2. Time (Bar Size) - In this mode, you can have a group of charts set with different symbols, but on one time frame/bar size, and then quickly flip through different bar sizes simultaneously on all charts while your set of symbols remain unchanged.
3. None (Replay Mode) - This mode is for linking charts together for use in replay mode (linked charts are part of a replay group).

The MotiveWave Console is organized into different 'Pages' to make it easy to access information in MotiveWave.

The Pages are located along the bottom of the Console window. Simply click on the page tab at the bottom of the console window to go to that Page. You can create as many Pages as you like.

Default Pages within MotiveWave upon startup are:

• Home - The home page contains a sample layout that has a single chart area and two spots at the bottom for watch lists.
• Charts - Sample layout of 6 charts
• Floating - an alternative to split layouts. The stations have fixed locations and sizes and may also overlap other stations similar to application windows.
• Account - Layout containing information about your account, orders, positions and historical trades.
• Trade Report - The Trade Report can be used to analyze your trade performance.
• Options - Sample layout containing Option Chains.
• Scan - Layout for using the scanning functionality within MotiveWave (available in Professional and Ultimate Editions only).
• Optimize - Contains a strategy optimizer panel for Back Testing, Optimization and Walk Forward testing of automated strategies (available in Professional and Ultimate Editions only).
• News - If supported by your Broker/Data service, you may see a page for news.

Timeframe visibility is a very useful feature in MotiveWave that enables you to specify the bar sizes where a component is visible, which means it's hidden for all other bar sizes. For example, show a Trend Line only on bar sizes smaller than or equal to 1 hour and a Comment only on the current bar size of 1 day.

This can be very useful to avoid clutter when switching to different bar sizes on a chart.

The Desktops feature is available in the Professional and Ultimate Editions only.

Desktops provide a convenient way to organize or group charts and other panels together in one window (instead of multiple popped out separate windows).

A Desktop is essentially another Console window and uses the same docking framework to lay out pages.

There are three types of Alerts:

• Price Alerts – A Price Alert (an alert for when a price for a particular instrument has been reached), does not require a chart in order to execute. It will be triggered by the bid/ask or last price of an instrument. Price Alerts can be created directly from the Alerts panel or from the Price Axis of a chart.
• Study Alerts – Alerts can be based on values that are generated as part of a study using one of the following comparisons:
  1. Absolute Comparison – A study value is compared to a specific value (ie -0.1174).
  2. Relative Comparison – A study value is compared against another study value (in the same plot), for example, where the value of one study KAMA(C,20) crosses the value of another study (Tenkan-Sen(9))
• Component Alerts – Some components can be used to generate alerts. For example, you could create an alert for when a moving average crosses a trend line.

Replay Mode enables you to go back in time and replay market data. This can be very useful to practice your trading or to test your custom studies and/or strategies.

In MotiveWave Replay Mode, you can:

• Pick a specific date and time to start from
• Step forward tick by tick (or until price changes), play ticks until the next bar is reached, or play ticks continuously
• Choose from bar data, minute data or historical tick data (if available).
• Simulate real delay between ticks, or set a specific delay between playback of ticks or bars
• Apply a Speed Factor on the real delay option to speed up (or slow down) the playback of ticks in real time
• Use the built-in simulated Replay Mode account to practice trades.
• Link charts for use in Replay Mode to have multiple charts step forward together in Replay Mode

Use the built-in simulated account(s) to practice your trades with live data.

Practice your trading and test out new trading ideas in MotiveWave's Simulated account(s).

See your simulated positions, orders, and trade history.

• Cloud workspaces are hosted on MotiveWave's server and can be accessed from any computer using the same license key.
• Cloud workspaces hold all of their data in the MotiveWave cloud (including settings, instruments analysis etc) but also hold a local copy so that the workspace can be opened in "offline" mode.
• Any changes that are made to the workspace in "offline" mode will be synchronized with the cloud workspace the next time you open the workspace in "online" mode.

Strategy Backtesting is available in the Professional and Ultimate Editions only.

Strategy Backtesting includes:

• Strategy Execution - MotiveWave supports two modes for strategy execution:
  1. Automatic - Once the user activates the strategy, it will automatically buy and sell based on the internal logic.
  2. Manual - In this mode, the user tells the strategy when it is OK to enter.
• 30+ Built-In Strategies including the Trade Manager strategy
• Strategy Backtesting - MotiveWave has highly advanced strategy back testing options through our Strategy Optimizer (found on the Optimize Page at the bottom of the Console)
• Strategy Optimization - MotiveWave currently supports two types of optimization algorithms:
  1. Exhaustive - this algorithm will evaluate all possible combinations of the strategy settings to find the optimal result. This is a good option if the number of combinations is relatively low.
  2. Genetic - employs a natural selection approach to find an optimal combination without having to evaluate all possible combinations of the strategy settings.
• Walk Forward Testing - Sometimes knowing the optimal settings for a specific range of data is not enough. Just because a strategy performed well for a specific bar size and time frame does not guarantee that it will continue to perform well in the future. Walk forward testing helps to lessen this problem by stepping forward in time after every iteration of a time frame.
• Backtesting Analysis and Reporting - MotiveWave provides several strategy analysis metrics for reviewing the results of your strategy. These include:
  • Metrics tab: Displays a summary of the selected executed strategy
  • Chart tab: Displays a visual representation of the executed trades that occurred for the selected executed strategy.
  • Reports tab: Reports available include Net Profit, Cumulative Profit, Trades Profit/Loss, Entry Efficiency, Exit Efficiency, Efficency
  • Periods tab: Groups trades together based on the selected period (hourly, daily weekly etc). Each row in the table displays summary information.
  • Trades tab: Shows all of the trades that occurred. A trade includes the entry into the trade as well as the exit out of the trade. This allows you to see the profit/loss that occurred with each trade.
  • Executions tab: Displays all of the filled orders.

MotiveWave has a built-in study scanner for trade setups across a given set of instruments and bar sizes, with criteria based on study values.

The Elliott Wave Tools are available in the Elliott Wave Lite and Ultimate Editions only.

MotiveWave has the most advanced Elliott Wave Software and Elliott Wave Tools available, and saves you an amazing amount of time in your Elliott Wave Analysis:

• All Elliott Wave Patterns and Degrees are supported. MotiveWave allows you to easily compose or decompose wave formations to multiple levels and perform time and ratio analysis on the waves to forecast future price direction and buy / sell points.
• All Elliott Wave Rules and Guidelines are enforced, which means you will see a warning if you manually place a pattern in a way that breaks a rule. This shortens your learning curve with Elliott Wave significantly and allows you to be more confident in your wave counts.
• Elliott Wave labels are always automatically added for you, significantly cutting down your analysis time.

The Elliott Wave Tools functionalies include:

Manual Elliott Wave Tools

• Patterns include Bull and Bear versions of: Impulse, Leading Diagonal, Ending Diagonal, ABC Correction, Triangle, 9 Wave Triangle, Double Combo, and Triple Combo
• When using the manual Elliott Wave tools, you can draw or drag the wave pattern on the chart and MotiveWave will add the wave labels for you, no more drawing separate lines and typing individual text letters and numbers! You can also readjust the points/move the pattern too.
• 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 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.

The Elliott Wave Scanner is only available in the Ultimate Edition.

This powerful pattern recognition tool that allows you to search for specific Elliott Wave Patterns across multiple symbols/instruments based on options you choose. All wave counts can be moved or adjusted after being placed on the chart and can be decomposed to as many levels as you want.

Custom columns can be added to Watchlists to display values from studies, evaluate conditions from one or more studies and/or format existing custom columns.

MotiveWave™ allows you to create custom instrument that are based on two or more existing instruments.

There are three types of custom instruments: Spread, Ratio, Index.

• MotiveWave comes with a free Java SDK for programming your own custom studies/indicators/strategies.
• For the Community, Standard, Order Flow, and Elliott Wave Lite Editions, you only have the ability to test custom studies/indicators, as these editions don't have any strategy backtesting functionality. You can still code strategies within the SDK, but there would be no way for you to test them in the Standard, Order Flow, or Elliott Wave Lite Editions.
• For the Professional and Ultimate Editions, you have the ability to test your Java SDK-built custom studies/indicators AND strategies.
• Visit our User Forum to get coding tips and to discuss coding your study with other MotiveWave users.
• If you'd like a custom indicator created for you, our Support Team can put you touch with a recommended developer who can give you a quote.

Data can be imported into or exported from MotiveWave in CSV, ASCII, or Metastock Database formats.

For Data Import, you can set the import to monitor the input file for changes. If this option is selected, MotiveWave will monitor the timestamp on the input file to see if it changes in the future. If it does change, the new data will be automatically loaded into MotiveWave when a chart is loaded.

The Repository feature (see video) allows you to save/store specific Workspaces in a local database or in a file system, which can be very useful if you want to synchronize this data (using Google Drive or Drop Box) with other computers or use as an alternative way to create backups.

The Analysis Sharing feature provides a more convenient method for sharing or transferring a set of analyses from one computer to another. This is similar to the import/export analysis feature but allows you to include multiple analyses across one or more instruments.

The Hurst Cycles Study is only available in the Ultimate Edition.

The Hurst Cycles Study is used to predict future market peaks or troughs.

For more information on this study, please review the MotiveWave Hurst Cycles Guide PDF

The Fibonacci Tools Pack includes: Retracement, Extension, Expansion, Circle, Fan, Arcs, Half Arcs, Fib Range, Channel Retrace, Channel Extension, Time Rangem Fib Ratio, Fib Spiral, Fib Wedge and many more.

The Harmonic Tools Pack includes:

• 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

The Auto Harmonic Tools are available in the Professional and Ultimate Editions only.

It includes:

• Auto Harmonic tool
• Auto AB=CD tool
• Auto Harmonic Study - Automatically detects and displays the best fitting Harmonic patterns for the set range of data and updates in real time.
• Harmonic Scanner - MotiveWave has a built-in Harmonic Scanner that looks for trade setups across a given set of instruments and bar sizes for the specific Harmonic pattern you choose (choose from any of the XABCD type patterns, AB=CD, 5-0 and Alternate AB=CD)

The Gann Tools Pack includes:

• Angles (1x1, 2x1, 3x1, 4x1, 8x1, 16x1, 1x2, 1x3, 1x4, 1x8, 1x16), Arc, Half Arc, Circle, Wedge, Box, Grid, Range, Time Range, Customizable Ratio Presets, Cross Square, Rotatable Square, Pyrapoint, and more.

Groups of options (Stock and Future Options) can be managed from the Option Chain panel in the Console. If your broker supports options, you will see an "Options" page at the bottom of the Console window.

An option chain panel enables you to see the available options organized by strike price for a given expiry date.

Buy and sell orders can be placed directly from the option table by clicking on the Buy/Sell buttons that are next to each Put/Call pair. Current positions and profit/loss are also visible on the table for each option.

MotiveWave supports several common spread strategies:

1. Vertical
2. Calendar
3. Diagonal
4. Straddle
5. Strangle
6. Back Ratio
7. Synthetic
8. Butterfly
9. Condor
10. Iron Condor
11. Vertical Roll
12. Double Diagonal
13. Double Calendar