What's New in MotiveWave 2.2

(Released October 9, 2012)

Below is information on the major features and enhancements included in MotiveWave's version 2.2 (since the last major release of version 2.1). Please visit the MotiveWave download page for full Release Notes on each release including minor releases and to download the latest version of MotiveWave.

SDK (Software Development Kit)

  • SDK 1.1 - This release includes SDK version 1.1 which has the following improvements:
    • Path Color - the color of a path may be changed dynamically
    • Multiple Instruments - Studies/Strategies may incorporate data from multiple instruments
    • Composite Studies - a study may be composed of multiple study plots and overlays
    • Access Control - Usage of your studies and strategies may be controlled and managed using a web interface (for details, please contact support@motivewave.com)
    • Trading Sessions - interaction with trading sessions (see Trading Sessions below)
    • Help Link - a help link may be provided to send the user to a webpage with more information on your study

Trading Enhancements

  • Trading Sessions - This enhancement enables you to choose specific trading times (sessions) for executing your strategy. These trading times are also effective when back testing and optimizing your strategy.
  • Trading Hours - Trading Hours can be set to start the week on Saturday (useful for Arabic countries). See Preferences>General tab>Trading Hours tab
  • Custom Trading Hours - Custom trading hours now support Saturday and Sunday as options for trading hours (useful for Arabic exchanges).
  • Order Notifications — You may now configure MotiveWave to send an email when an order is filled and/or rejected. This can be set up in the Preferences Dialog (Configure>Preferences from the Console Menu Bar). Click on the 'Orders' tab, then 'Submission' tab. Enable the fields: 'Send Email on Filled Order' and/or 'Send Email on Rejected Order'. Please ensure that your email settings have been configured properly (see 'Email' tab).

Replay Mode Enhancements

  • Replay Link — This feature allows you to link the replay feature across one or more charts:
    • Chart Group/Console — Links the replay control to all charts in the group/console
    • Linked Charts — Links the replay control to all charts within the link group (i.e. red, green, etc.)
  • Real Delay — Applies a 'Real' delay when processing the ticks.
  • Chart Labels — Many of the chart labels now reflect data in replay mode. This applies to the following labels: Day High, Day Low, Day Open, Bid, Ask, Bid Size, Ask Size, Last, Last Time, Last Size, Day Volume, Day Range, Spread, Change, Change %, Inverse Change, Inverse Change %, % Off High, % Off Low, % Off Open

Chart Enhancements

  • Chart Settings Dialog - This pop up dialog window replaces many of the right click chart menu options for easier access, specifically in the right click context menu 'Preferences' submenu. This dialog can be accessed by double clicking on a chart or via right click and choosing 'Chart Settings’. Please note: These settings are for individual chart settings. To make global changes across all charts, you still need to go to Configure>Preferences.
  • Chart TimeZone - The TimeZone can now be modified for each chart. See 'Chart Settings' dialog, 'General' panel.
  • Price Guides - Guide Price Values can now be set from the Guide Properties dialog. (Right click on price axis, choose Add Guide. Right click on guide, choose Guide Properties.)
  • Time/Price Labels — These labels now have a feature to disable the showing of the outline.
  • Chart/Bar Themes - Each chart can now have a separate bar or chart theme. This can be set from the Chart Settings Dialog (see above).
  • Resolve Trend Lines — (By default this feature is off). When loading data on a chart, if your analysis contains trend lines (or channels) that have their origins before the visual area of the chart, it will attempt to load enough data to display these properly. This option can be enabled in the Preferences Dialog (Configure -> Preferences from the Console Menu Bar). Click on the 'Chart' tab, then on the 'Options' tab.
  • Chart Labels — Chart labels have been enhanced:
    • Configuration — You can configure what labels are displayed from the Chart Settings Dialog (right click on the chart and choose 'Chart Settings'). The following configuration options apply:
      • Font
      • Colors (background, foreground, border)
      • Location (top left, top right, bottom left, bottom right)
      • Label Prefix
      • Display Order
    • New Chart Labels: (some depend on broker/data service support) Day Range %, Day Open, Day Close, Day High, Day Low, 52 Week High/Low, 26 Week High/Low, 13 Week High/Low, Bid Price, Ask Price, Last Price, Last Time, EPS, PE Ratio, Dividend, Volume, Open Interest, Change, Change%, Position, Bar Count Down (time remaining in last bar)
  • New Studies
    • Instrument Graph - Allows you to display another instrument in a study graph separate from the Price Graph but on the same chart.
    • Spread - Displays the difference between two instruments as a graph
    • Study Underlay - This new option allows you to 'underlay' a study (draw the study behind the price bars). From the Study Dialog, see 'Options' panel (overlay studies only).
    • Study Insets - For Study Graphs (everything except overlays), there are two new options under the 'Options' panel to change the top and bottom insets.
    • New Studies:
      • Hilbert Transform
      • Instantaneous Cycle Period Measurement
      • Signal to Noise Ratio
      • RSI Divergence
      • Market Exchanges - Displays open and closing times for selected market exchanges
  • Moving Average Bar Colors — The color of the price bars may now be changed for most moving averages depending on the direction of the line. See Advanced Tab (in the Study settings dialog).
  • Pivot Points - a new option 'Extend Lines' has been added to extend the last set of pivot lines to the right side of the chart.
  • Support/Resistance Study Alerts — The Support/Resistance study has been enhanced to show markers and optionally generate alerts when the support or resistance levels have been crossed.
  • Optional Fill Color has been added to the following studies:
    • Bollinger Bands®
    • ATR Channel
    • Keltner Channel
    • Envelopes
    • MA Envelope
    • Price Channel
  • Study Labels — There are more display options for the study labels (legend). See Preferences Dialog (Chart>Settings tab)
    • Simple Title - Just displays the study text with the color
    • Layout - Horizontal vs Vertical
  • Symbol Watermark — The Symbol and (optionally) Description of the Instrument may now be displayed as a Watermark on the chart. See Chart Settings>Watermark tab (right click on the chart, choose: Chart Settings).


  • Max Data Limits - Data limits are set for the maximum number of bars MotiveWave will load for a chart. By default this is 25000 for linear (Daily or Intraday bars) and 5000 for non-linear (Range, Volume, Tick, Renko, Hybrid Renko). You can adjust these values in the Preferences Dialog (Chart -> General tabs).
  • Invert Mouse Wheel - Inverts the direction of the mouse wheel. See Preferences Panel, 'Mouse' tab.

Data Import Enhancements

  • Monitor File Modifications - If this option is chosen, MotiveWave will look for modifications to the original data file and automatically import the data file.
  • Improved CVS format detection - Some improvements have been done to the mechanism with which MotiveWave detects the columns in a CSV/Text file.
  • Fixed an issue with importing from MetaStock where there were more than 32000 records
  • Default Trading Hours and Exchange can now be specified from the Import dialog


  • The following Futures Brokers have been added to the list of brokers available in the Service dropdown list (they connect via Zen-Fire):
    • Mirus Futures
    • AMP Global Clearing
    • Optimus Trading Group
  • New Broker Added – Ditto Trade (https://www.dittotrade.com/)

Download the latest version of MotiveWave now