What's New in MotiveWave 3.0

(Released July 17, 2013)

Below is information on the major features and enhancements included in MotiveWave's version 3.0 (since the last major release of version 2.4). Please visit the MotiveWave download page for full Release Notes on each release including minor releases and to download the latest version of MotiveWave.

Trading Enhancements

  • Elliott Wave Trading - The following strategies have been added to Elliott Waves to facilitate trading specific waves. Right click on the wave and choose "Trade Wave X".
    • Impulse Wave 2
    • Impulse Wave 4
    • Corrective Wave B

Chart Enhancements

  • Elliott Wave - The following Elliott Wave enhancements have been added:
    • Auto Wave - Several performance enhancements and scoring adjustments have been made to improve the automatic wave counts
    • Triangles - all waves may now be decomposed into combinations and triple combos
    • Combination - Added a channel option
    • Elliott Wave Ratios - The following ratios have been added:
      • Triangle - Time Ratios: C vs A, D vs B, E vs C
      • Combination - Time Ratio: Y vs X
      • Leading and Ending Diagonals - Added price ratios 3 vs 1 and 4 vs 2
  • Modified Schiff - This is a variant of the Andrew's Pitchfork that has the median line start at the midpoint between the anchor and the top swing point. This component and the fork have also been updated to allow you to change the color and style of each line (anchor lines, median line, upper and lower lines)
  • Bar Themes - Two new bar themes have been added:
    • Black/White - Black and white bars (for the light themed charts). White bars will be drawn with a black outline.
    • White/Black - Similar to Black/White above but for dark themed charts.
  • Short Cuts - The following short cuts have been added for convenience
    • Price Guide Short Cut (Ctrl + Click) - You can now hold down on the 'Ctrl' key and click to quickly place a price guide. This works for the Drag Tool as well as the Select tool
    • Copy Shortcut (Ctrl + Drag) - A component can be quickly copied by holding down on the 'Ctrl' key and dragging the component.
    • Bar Type ('b') - Press the 'B' key to change to the next bar type in the sequence
  • Time Axis - Month and year lines have been increase in size (to stand out more). You can now just show major time grid lines. See chart settings dialog ('Display' tab)
  • Chart Labels - The following chart labels have been added in this update:
    • Last Bar Time - Displays the start time of the last visible bar
    • Last Bar Close - Displays the closing value of the last visible bar and the change from the close of the previous bar
    • Cursor Time - Time of the current cursor location
    • Cursor Open - Open bar value of the bar at the current cursor location
    • Cursor High - High bar value of the bar at the current cursor location
    • Cursor Low - Low bar value of the bar at the current cursor location
    • Cursor Close - Close bar value of the bar at the current cursor location
    • Cursor Price - Price of the current cursor location.
  • Price/Time Guides - Price and time guides are now part of the analysis model (and not the view).
  • Updated Studies - Signals and markers have been added to the following overlays to show where the last prices crosses the top or bottom band:
    • Acceleration Bands
    • Bollinger Bands®
    • Envelopes
    • Keltner Channel
    • MA Envelope
    • MA High/Low
  • Mouse Wheel - The Mouse Wheel option may now be disabled (see Preferences Dialog).
  • Click Short Cuts - Click short cuts may now be configured to perform one of the following actions (See Preferences Dialog, "Chart" tab):
    • No Action - ie disable the short cut
    • Add Price Guide
    • Add Time Guide
    • Add Horizontal Line
    • Add Vertical Line
    • Add Text
  • Additionally there are now 3 click short cuts
    • Ctrl + Click (Command + Click on the Mac)
    • Ctrl + Alt + Click (Command + Alt + Click on the Mac)
    • Shift + Click
  • Alerts
    • Label and Comment - These two new fields have been added to the price alerts to allow you to add text to an alert notification
    • Defaults - Defaults have been updated to include Send Email, Email Address, Play Sound, Sound File
    • Component Alerts - Alerts can now be added to the following components. (Right click on the component and choose "Create Alert"):
      • Trend Line
      • Channel
      • Fork
  • Symbol Watermark - From the chart settings dialog, you can now specify the location of the symbol watermark (top left, top right, bottom left, bottom right, center)
  • Default Time Zone - A new default time zone option has been added for all charts. See Preferences Dialog, "Chart" -> "Chart Settings" panel
  • Component Defaults - Settings for a component can now be saved as defaults for the next time the component is created. Defaults apply to the source where the component was created. For example, defaults for a horizontal line created from the "General" tab of the "Components" panel will only apply to future horizontal lines created from that location.
  • Chart Tabs - Chart Windows can now have tabs for different instruments. To create a new chart tab, choose File -> New Chart Tab from the top menu bar of a Chart Window.
  • Custom Bar Sizes - Custom bar sizes can now be specified using Months, Weeks, Days, Hours and minutes (instead of just a minute based value).
  • Study Divider Size - You can now adjust the height of the divider that separates studies from the price graph (default 2 pixels). See Preferences Panel, "Chart" tab.
  • Bar/Path Color - Additional enhancements have been added to allow you to change the bar color of certain studies (MACD, OSMA, PVO, Reversing MACD). You can specify the color policy (Solid, Higher/Lower, Gradient, Positive/Negative).

General Enhancements

  • New Docking Framework - The existing docking framework has been replaced with a new framework. This fixes many issues with the previous framework and adds the following features:
    • Pages - (Professional and Ultimate Editions only) Docking windows such as the console and chart groups can now arrange multiple layouts into "Pages". You can conveniently switch between layouts using the page tabs at the bottom of the window.
    • New Tab Button - a button has been added to the right of the tabs to conveniently add new tabs for charts, watch lists, order panels etc
    • Tab Styles - Two types of tab styles are offered: "Eclipse" and "Windows 8" (See Preferences Dialog, "General -> Dock")
    • New Layouts - Additional layouts have been added and have been grouped into the following types:
      • Charts
      • Account
      • Scan
      • Optimizer
      • News
    • Reset Default Layout - The console can be reset to the default set of pages & layouts from the 'Edit Page' dialog
  • Quick Search - A search button has been added next to the quick search entry on the tool bar.
  • Windows 8 Silver Theme - (Windows only) new look and feel added. This is the default theme for all new workspaces.
  • Scanner
    • Dockable Tab - For convenience, the scanner is now available as a dockable tab. Results can be linked to a chart tab or you can open scans in a new chart window
    • Multiple Bar Sizes - You can now specify multiple bar sizes for a scan
  • Strategy Optimizer - Similar to the scanner, the strategy optimizer can be added as a dockable tab in the Console or a Chart Group.
  • Watch Lists - Multiple views of a watch list are now permitted. You can also open a watch list into a separate window. Several issues were fixed with showing or hiding watch list columns.
  • Quote Sheets - A wizard has been added for creating new Quote Sheets
  • DOM - DOM windows can now be linked to a color group
  • Time & Sales - T&S windows can now be linked to a color group

Brokers

  • MeinTrade - Support for MeinTrade (www.meintrade.com) has been added in this update.

Download the latest version of MotiveWave now