〜Visualize the Trend Waves with Dow Theory Indicator〜 DowWave Marker - Navi+ - GogoJungle | Auto Trading - Market Analysis

〜 Dow Theory Indicator that Visualizes the Trend Wave 〜

When trading「I want to know exactly where the trend changes」 or「I want to confidently enter pullbacks and buy the dips / pullbacks」, many traders struggle.

Dow Theory itself is simple, but on actual chartsit’s easy for swing identification and for highs/lows to become ambiguous, which presents a challenge.

Therefore,「If there were a tool that lets you know the current market structure (trend wave) the moment you look at the chart」, I thought,

「It should be easy for beginners to understand」, and so I developed it as…

◆ DowWave Marker (DWM)

■ Overview of DowWave Marker (DWM)

DowWave Marker (DWM) is an indicator that automatically detects Dow Theory’s CHoCH (change of character) and BOS (break of structure).

Through swing analysis based on ZigZag, it clearly depicts trend reversals and continuations on the chart.

◆ Main Features

High-precision swing analysis based on ZigZag
Real-time detection of CHoCH (change of character) and BOS (break of structure)
Visually supports both trend following and reversals
Watching (monitoring line) displays the next branching point in advance
Pullback line clarifies dip-buy and pullback-sell points

This solves「I studied Dow Theory, but on charts I still get lost…」 and aims to address it on actual charts.

■ The trend direction becomes clearly identifiable

DWM appropriately displays CHoCH (change of character) or BOS (break of structure) according to swing structure changes.
If CHoCH does not occur, BOS is displayed directly at the moment the swing structure is confirmed.

CHoCH → Sensing the trend’s initial move
BOS → Determine whether the trend has been confirmed

In actual charts, you can recognize the flow as follows.

In an uptrend, you can see highs being updated and the pullback location at a glance
In a downtrend, pullback/sell-off candidate levels naturally appear

“Am I looking up or down now?”—this fundamental confusion is greatly reduced.

■ Watching (monitoring line) makes deciding the next move easier

One of DWM’s major features is the Watching (monitoring line).

That Watching line is the“If this line is broken, the next CHoCH / BOS will be established”—the next starting point line“If this line is broken, the next CHoCH / BOS will be established”—the next starting point linethat is displayed in advance.

This makes it easier to judge the following:

Which direction is more likely for the range to break out
Which direction the next trend is likely to extend
Where to capture the initial move

When Watching in both up and down directions appears simultaneously, it often indicates a range where the market is searching for a direction, and the breakout timing in either direction becomes the next big opportunity.

■ Pullback Line clearly marks dip-buy and pullback-sell points

For trend-following, the challenge is“Where to pull back to enter?”.

After CHoCH / BOS is confirmed, DWM draws the pullback candidates as a pullback line.

This enables the following uses:

Uptrend: look for dip-buy candidates near the pullback line
Downtrend: look for pullback-sell candidates near the pullback line
Use as evidence for whether the trend will continue

You can reduce mistakes like “pullbacks were shallow and I got stopped out quickly…”.

■ What DWM looks like on actual charts

◆ CHoCH and BOS intersecting within a range

Watching lines appear on both sides
When neither side breaks, there’s no need to force a trade
Break direction often becomes the starting point of the subsequent trend

◆ DowWave Marker (DWM) sequence

Capture the initial move with CHoCH
Wait for dip-buy / pullback points at the pullback line
Confirm trend with BOS and follow in the direction

This shows the Dow Theory flow of “initial move → pullback → trend confirmation” on the chart.

■ DowWave Marker is recommended for

Those who want to deeply understand Dow Theory on charts
Those who want clean dip-buying and pullback-selling opportunities
Swing/Day traders who want to use trend-following as a weapon
Those who don’t want to miss the initial CHoCH
Those who want to avoid ranges where the market is uncertain
Those who want to clearly define pullback buy and pullback sell lines
Those who want to reduce discretionary judgment variance and analyze with rules

From beginners to intermediates,“visible Dow Theory tool”, please use it.

■ Example of using with other indicators

DWM can be used alone, but also together with「KiriLevelX (KLX)」orto determine

“where it reacts”and“how strong the momentum is”will also become clearer, making decisions even easier.

KiriLevelX (KLX): Price recognition by key rounds and level bands
Momentum Equalizer (MEQ): Visualization of momentum
DowWave Marker (DWM): Dow Theory-based structure recognition (CHoCH / BOS)

By combining these three,“Price × Momentum × Structure”enables discretionary trading in a triad approach.

■ Summary

DowWave Marker (DWM)is not just a line display tool; it is“an indicator that visualizes the very structure of the market”.

Grasping the trend
Sensing the initial move (CHoCH)
Clarifying dip-buy and pullback-sell points (pullback line)
Visualizing range conditions and wait points
Foreseeing the next branching point (Watching)

By integrating these on the chart,“less ambiguous chart analysis” is realized.

Please, as a discretionary trading tool,DowWave Marker (DWM) may be of great use to you.

◆ Purchase here

DowWave Marker (DWM) Dow Theory-based structure recognition (CHoCH / BOS)
https://www.gogojungle.co.jp/tools/indicators/72037?via=users_products

KiriLevelX (KLX) Price recognition by key rounds and levels
https://www.gogojungle.co.jp/tools/indicators/65584?via=search_product

Momentum Equalizer (MEQ) Visualization of momentum
https://www.gogojungle.co.jp/tools/indicators/65844?via=users_products