MotiveWave
MotiveWave, a well-established trading platform, offers a comprehensive suite of features tailored for individual traders. With advanced charting and analysis tools like Elliott Wave and Fibonacci, and professional trading capabilities such as scanners, strategy trading, backtesting, and trade simulation, MotiveWave caters to the diverse needs of traders. The platform’s flexibility extends to multiple broker/data service connections, option chains, advanced chart features, and order management tools.
Company Overview
MotiveWave’s trading software is broker-neutral, offering traders a versatile platform for analyzing stocks and making informed trading decisions. The founder of MotiveWave is Tony Lindsay, who established the company with a vision to provide easy-to-use, full-featured charting, analysis, and trading software tailored for individual traders.
Lindsay’s journey began with the development of Elliott Wave tools that eventually evolved into the creation of MotiveWave as a comprehensive trading platform.
His dedication to offering advanced analysis tools like Elliott Wave, Fibonacci, Gartley, Gann, and Ratio Analysis has positioned MotiveWave as a leading solution for traders seeking sophisticated yet user-friendly trading software.
Key Features
MotiveWave’s trading platform is a feature-rich and highly customizable software designed to meet the needs of individual traders. Here are some key features:
- Advanced Analysis Tools: Offers advanced charting tools and analysis capabilities, including Elliott Wave Analysis, Hurst Cycles, Harmonic Shapes, Gann Analysis, and more.
- Automated Trading: Provides automated trading functionalities to streamline trading processes and execute strategies efficiently.
- Multi-Broker Backtesting: Allows users to backtest strategies across multiple brokers to assess performance and optimize trading approaches.
- Scanners and Replay Mode: Features scanners for market analysis and replay mode for simulating trades based on historical data.
- Option Chains: This tool provides traders with a comprehensive view of all available option contracts, including puts and calls, for a specific security.
- Quote Sheets: This feature allows for a structured and customizable view of trading instruments, facilitating better monitoring and analysis of market data.
- Square Price Scaling: This feature allows traders to adjust the chart scaling to a square format, thereby, enhancing their analysis by visualizing price changes more symmetrically and proportionally.
- Bar Schemes: This determines the color scheme for the bars displayed on the charts. It offers various options for customizing the appearance of bars based on different criteria.
- Customizable Workspace: Allows users to customize their workspace with various tools, chart types, themes, and layouts to suit individual preferences.
- Charting Capabilities: Offers a wide range of charting options like Renko, Point & Figure, Range Charts, Heikin-Ashi Candles, and more for in-depth technical analysis.
What Sets MotiveWave Apart?
MotiveWave stands out as a comprehensive and advanced trading platform offering a range of features that cater to the needs of professional traders and market analysts. It provides sophisticated Elliott Wave tools that allow users to compose or decompose wave formations to multiple levels, enforce Elliott Wave Theory Rules and Guidelines, and support all price and time ratios for accurate forecasting.
Moreover, the platform offers customizable Quote Sheets and integrated trading capabilities for efficient order placement and management. Users can organize their workspace with multiple workspaces, pages, and layouts tailored to their preferences. All these amazing features set Motivewave apart from other platforms.
What Does MotiveWave Cost?
MotiveWave offers various editions tailored to different trading needs and budgets. Here is an overview of the pricing options as of March 12, 2024:
Charting and Trading Software
Community:
- Charting & Trade Simulation Platform
- FREE
Standard:
- Trading Platform for traders
- Monthly lease (Auto-Renewing) – USD 24
- One-Time Payment: USD 245
Order Flow:
- Full-featured trading Platform, highly popular
- Monthly lease (Auto-Renewing): USD 49 SD
- One-Time Payment: USD 595
- 4 Monthly Payments: USD 175
Pro:
- Advanced Trading Platform for power traders
- Monthly lease (Auto-Renewing): USD 99
- 3 Month lease (Auto-Renewing): USD 295
- 6 Month lease (One-Time Payment): USD 565
- One-Time Payment: USD 1495
- 4 Monthly Payments: USD 445
Elliott Wave Charting and Trading Software
Elliott Wave Lite:
- Elliott Wave Trading Platform for Elliott Wave Traders
- Monthly lease (Auto-Renewing) – USD 89
- 3 Month lease (Auto-Renewing) – USD 250
- 6 Month lease (One-Time Payment) – USD 475
- One-Time Payment: USD 1395
- 4 Monthly Payments: USD 415
Ultimate Edition:
- Full-Featured Advanced Trading & Elliott Wave Platform
- Best value includes all features
- Monthly lease (Auto-Renewing): USD 159
- 3-Month lease (Auto-Renewing): USD 455
- 6 Month lease (One-Time Payment): USD 875
- One-Time Payment: USD 2295
- 4 Monthly Payments: USD 685
The Bottom Line
MotiveWave stands out as an advanced trading platform that simplifies trading processes and equips traders with the tools needed for comprehensive stock analysis and efficient trading operations. The platform’s flexibility, support for multiple operating systems, and various editions tailored to different trading needs and budgets make it a versatile choice for traders. Whether you are a seasoned trader or new to the market, MotiveWave provides a comprehensive solution with a range of features to support your trading endeavors effectively
