Automatic tools for Elliott Wave counting are provided by WaveBasis. If you’ve ever searched for any Elliott Wave analysis product, chances are you’ve landed on this website. For those who enjoy Elliott Wave analysis but do not trade quite regularly or perform several counts on any given day, WaveBasis offers 3 paid plans as well as a free plan. The free plan is also supposedly perfect for traders who want excellent web-chart experience.
WaveBasis has been designed from the ground up to put unprecedented power in the hands of both novice and experienced traders, by facilitating the application of wave analysis in the most natural and efficient way possible.
WaveBasis is a web-based software platform for technical analysis and automatic detection of Elliott Wave patterns.
It boasts an innovative collection of exclusive tools, specifically tailored for wave analysts and traders, and features a sophisticated pattern recognition engine for automatically determining high probability, valid Elliott Wave counts.
Their unique Smart Tools and powerful Wave Count Scanner help identify low-risk potential trading opportunities and unlock keys to price pattern-based risk management, all in real time.
Whether you count waves manually, or rely on wave count automation, it’s never been faster or easier to harness the power of Elliott Waves in your trading…all with award-winning, professional-caliber charting baked right in.
- WaveBasis Review
WaveBasis platform puts unprecedented power in the hands of both new and experienced traders. The platform is using a unique kind of technology which makes analysis and forecasting natural and efficient as possible.
The product seems to appeal to traders who want to increase their knowledge of Elliott Wave Analysis because their charts are intuitive, objective, interactive while retaining advanced features.
To paint a visual picture of how these charts look like, Wave Basis’s charts are drag and drop with amazing flexibility. WaveBasis is also defined as a new standard for web-based charting and technical analysis.
The team have shared a few screenshots showing us the charts and features that we can expect from this product.
Some of the best WaveBasis features include:
- High speed Elliott Wave analysis
- World Class charts
- Over 100 indicators and 35 plus drawing tools
- Unique insights into Elliott wave analysis to enable traders make better decisions
- Wave Basis plans
There are 3 premium plans offered by WaveBasis team. These plans cost $49 per month, $169 per month and $399 per month respectively. And of course, there is also a free plan.
It’s important to note that all paid plans begin with 14-day Free Trial with no credit card details required in order to subscribe.
The various plans offered make them differ in terms of pricing. The first plan is cheaper than the other two because WaveBasis is restricting monthly wave count at 250.
You get 6 simultaneous charts, 3 workspace tabs, limited smart tools and basic gadgets. WaveBasis’s basic plan gives traders an edge through power and flexibility. In addition to this, the plan gives access to the best Elliott wave counts, charts and technical analysis features. However, advanced automation features are missing with this plan.
The second and third plans provide access to more wave count. The plan that costs $399 per month gets you unlimited access to all the features provided by Wave Basis Platform.
- Should you use Wave Basis Elliott wave analysis software?
It’s good that they are providing Free Access to enable the trading community test the quality of the features.
At The Trade Reviews, we believe WaveBasis has amazing analysis tools and great customer support and therefore their platform could be useful to improves traders performance overall.
- Conclusion
WaveBasis is an excellent application that reduces the effort involved in identifying stock trends and amplitudes and helps to improve the projection of future stock prices based on the Elliott Wave Principle. The software is extremely powerful and user-friendly. WaveBasis provides numerous tutorial documents and videos to help the new user master the concepts and improve skills. Also, WaveBasis’ staff is incredibly responsive and conscientious.
It’s important to note that all paid plans begin with 14-day Free Trial with no credit card details required in order to subscribe.
For more information, please visit the WaveBasis Official Website.
ABOUT THE AUTHOR
Romain is an independent trader and investor specializing in financial market analysis and trading systems. He worked as a professional long/short equity trader for a trading firm in New York and has a passion for building mechanical trading strategies. He has been in the industry since 2008.
DISCLAIMER
This post expresses the opinions of the writer and is for information, entertainment purposes only. Romain is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided. Past performance is not a reliable indicator of future returns and financial trading is full of risk.) Please read the Full Disclaimer