MotiveWave currently supports 30+ brokers and data feeds, as well as any broker who connects through CQG, Rithmic, and GAIN.

• See our list of supported brokers and data feeds

MotiveWave continues to add brokers and data service providers.

One Broker or Data Feed per Workspace

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.

• 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 would 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.

• 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.

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

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

Community Edition currently has 280+ built-in studies and indicators, 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)
• You can see information on many of our built-in studies in our studies section on our web site.

Standard and Elliott Wave Lite Editions currently have 290+ built-in studies and indicators, with more always being added.

• Includes Multiple Time Frame Studies, Multiple Instrument Studies (Instrument Overlay/Graph, Spread, Ratio), and ability to Choose a Different Instrument for a Study Graph
• You can see the full list of studies/indicators in the software by going to Study > All Studies (from the top menu bar)
• You can see information on many of our built-in studies in our studies section on our web site.

MotiveWave currently has 300+ built-in studies and indicators, with more always being added.

• Includes Multiple Time Frame Studies, Multiple Instrument Studies (Instrument Overlay/Graph, Spread, Ratio), and ability to Choose a Different Instrument for a Study Graph
• You can see the full list of studies/indicators in the software by going to Study > All Studies (from the top menu bar)
• You can see information on many of our built-in studies in our studies section on our web site.

• Use one indicator as an input for another. For example, apply a Moving Average to a Stochastic Indicator, or even to another Moving Average.
• Can be applied on the Price Chart or Study Plots.

• 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, (because they don't have any strategy backtesting functionality), you only have the ability to test custom studies/indicators. You can still code strategies within the SDK, but there would be no way for you to test them in the Standard, Trade, 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.

All MotiveWave current listed editions come with a base set of 19 Chart Bar Types, which are:

• OHLC bars, HLC bars
• Candlesticks, Trend Candlesticks, 3D Candlesticks, Hollow Candlesticks, Flat Candlesticks
• OHLC Heikin-Ashi, Candle Heikin-Ashi, Trend Heikin-Ashi, Hollow Heikin-Ashi
• Percent Change, Line, Line (Shaded), Line (Gradient)
• Bars, Flat Bars, 3D Bars, No Bars

In the MotiveWave Order Flow, Professional and Ultimate Editions, you get 7 additional Chart Bar Types:

• Non-Linear Bars - Tick, Range, Renko, Hybrid Renko, Volume, Point & Figure
• Second-Based Bars (Requires Historical Tick Data)

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

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.

Note: Data Export is not available in the Community edition.

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

Practice your trading and test out new trading ideas in MotiveWave's Replay Mode.

See your simulated positions, orders, and trade history.

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.

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.

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 (Basic), you can:

• Pick a specific date and time to start from
• Choose from bar data or minute data (if available).
• 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

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

MotiveWave has extensive Order Flow Tools and functionality.

The Community Edition contains the following order flow tools:

• Volume Profile and VWAP studies (Bar Data Only)

The Standard and Elliott Wave Lite Editions have limited Order Flow tools -- they have:

• Volume Profile and VWAP studies
• Basic DOM - Depth of Market

The Order Flow, Professional, and Ultimate Editions have all of our Order Flow Tools, which include:

• Volume Profile and VWAP Studies
• Advanced DOM - Depth Of Market
• Order Flow Studies Pack (11 studies): TPO, Volume Imprint, Depth of Market, Bid/Ask Volume, DOM History, Big Trades Study, DOM Power, Speed of Tape, Speed Gauge, Delta Volume, Cumulative Delta
• Extra 2 Order Flow TPO and Volume Profile Components
• Time and Sales

See more information on our Order Flow Tools

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 Gann Tools Pack includes:

• Angles (1x1, 2x1, 3x1, 4x1, 8x1, 16x1, 1x2, 1x3, 1x4, 1x8, 1x16), Arc, Half Arc, Circle, Cross Square, Rotatable Square, Pyrapoint, square price scaling, and more.

Quote Sheets are available in the Professional and Ultimate Editions only.

A Quote Sheet is a special version of a Watch List that organizes instruments into groups created by you. Examples could be: Tech Sector, Energy, Industrials, or Metals, Grains, Softs.

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.

Gauges Panels are available in the Professional and Ultimate Editions only.

Gauges are used to visually display symbol/instrument statistics (based on Ticks, Price, Volume, Bid Volume, Ask Volume, Delta Volume, Delta Spread, Delta DOM) or study values in a panel in the Console (or in a Desktop).

The Gauges Panels are similar to the Speed Gauges study, but are displayed in a separate panel, not displayed on a chart. You can have more gauges in a panel than you can on a chart, and these gauges allow built-in or custom study values.

The Study Scanner is available in the Professional and Ultimate Editions only.

MotiveWave has a built-in Study Scanner that looks for trade setups across a given set of instruments and bar sizes based on study conditions that include 1 or more studies. For example, show results for NASDAQ symbols for 5 min or 1 hour when RSI value is greater than 80.

Analysis Packs are available in the Elliott Wave Lite, Professional, and Ultimate Editions only.

The Analysis Packs 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 Watermark and Copyright features are available in the Professional and Ultimate Editions only.

The Watermark feature in MotiveWave enables you to display an image of your choice (like your company logo) and copyright text of your choice on the charts.

You can choose the display location on the chart for both, and choose the font for the copyright message.

The Advanced Fibonacci Pack is available in the Professional and Ultimate Editions only.

For the Fibonacci enthusiasts, our Advanced Fibonacci Pack includes the following additional Fibonacci Tools (on top of the basic Fib tools included in all current editions. See Chart Tools for details):

• Wedge, Box, Grid, Ranges (Price and Time), Timelines (Ratio and Number), Regression Tools, Customizable Ratio Presets.

The Advanced Gann Pack is available in the Professional and Ultimate Editions only.

For the Gann enthusiasts, our Advanced Gann Pack includes the following additional Gann Tools (on top of the basic Gann tools included in all current editions. See Chart Tools for details):

• Wedge, Box, Grid, Ranges (Price and Time), Timelines (Ratio and Number), Regression Tools, Customizable Ratio Presets.

The Auto Harmonic Pack is 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 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 Advanced Elliott Wave Pack is only available in the Ultimate Edition.

It includes:

• Elliott Wave Trading Strategies - Automate your entries and exits using the built-in Elliott Wave trading strategies. Entry orders are automatically created to scale in based on wave ratios. Stop orders are placed at wave invalidation points and optionally trail as the market moves in your favor. Exit orders are created for you based on wave ratios:
  • Impulse Wave 2
  • Impulse Wave 4
  • Corrective Wave B
• Elliott Wave Scanner (pattern recognition tool) - 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.