Our latest MotiveWave Review will assess if the MotiveWave Software company can help you analyze, trade, and evolve within the exciting world of self-directed investing. Like many successful companies, MotiveWave Software had humble beginnings. I wouldn’t say it grew from a few guys working in a garage like Apple did.
This MotiveWave charting platform offers more tools and features for beginning trading analysts who use more complex strategies. You get all the features of the Charts platform. Also, you get more templates, multi-time frame studies, replay mode, and over 275 indicators. But it all began in 2008 with one man’s quest to create his ideal Elliot Wave analysis software. Subsequently, MotiveWave offers advanced trading platforms and research tools with many features today.
Our MotiveWave review takes a look at the different platforms they offer. Stock trading tools offer a lot of help with trading. Trading is something that requires practice to perfect the skill. Many times, new traders jump into stock trading without proper training.
As a result, 90% of traders fail however, when you spend time studying and practicing trading, your success rate skyrockets.
Finding the right broker is key. Hence this MotiveWave review. You can see if you’d be interested in them.
Charts
This charting platform is useful for beginners, swing traders, and position traders. If your style is such that you don’t need a lot of sophisticated features, this could be the platform for you. The charts are high quality, with watch lists and over 40 indicators. Additionally, you get two chart templates, access to dozens of studies, and more.
Stock training goes a long way in helping implement everything in this MotiveWave review.
Trading
This platform adds trading ability to the charts and is suitable for beginning traders. Moreover, it integrates seamlessly with any of the more than two dozen supported brokerage accounts.
The platform includes features like level II data, a full set of studies, and everything needed to trade stocks, Forex, futures, indices, E-mini, etc.
Read our post on how to make money in the stock market for beginners to learn how to trade to put this MotiveWave review to use.
Strategy
Our MotiveWave review looks at this version, which adds strategy testing and optimization tools to the Trade platform.
Designed for more experienced traders, it includes backtesting, walk-forward testing, and over 30 built-in strategies.
Or you can develop your plans and execute them automatically. Also, you get advanced alerts, data import/export, replay mode, and more.
SERVICES |  |  |  |
|---|---|---|---|
| DESCRIPTION | Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures | We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics | Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch |
| INCLUDED | Trading courses • Live streaming • Discord • Real Time Teaching • Scanners & Bots Trade Rooms | Watch lists • Symbols • Support and resistance levels • Discord bots and scanners Trade Alerts | Swing trade watchlist • Day trade watchlist • Alert levels mapped out • Watch lists updated daily Watch Lists |
MotiveWave Fees and Pricing Review
- Here are MotiveWave’s fees and commissions:
- Lifetime license fees for Charts and Charts Plus are $99 and $195, respectively.
- The Trade platform lifetime license is $295.
- Strategy platform $595.
- Professional platform $995.
- The Ultimate platform lifetime license runs at $1595 and includes all the add-ons.
- Currently, the prices of Add-on Modules range from $97 to $497.
- Another option sold separately is one year of updates and support ranging from $29 to $199, depending on the platform.
- The first year of updates and support is free; then, after that, it’s optional.
1. Professional
As the name implies, this platform is for experienced traders. It starts with all the features of the Strategy version.
Then, it adds option chains, study scanners, quote sheets, advanced Fibonacci tools, and more. Also, it integrates multiple broker/data service connections in one workspace while it includes 4 add-ons.
2. Ultimate
This version has everything: all the features of the other platforms and all the add-on modules. The ‘Ultimate’ option is the full bells and whistles platform for experienced active traders.
Visit MotiveWave for lists of supported brokers and data providers. Or perhaps you’d like to try their free 14-day Mac OS X and Windows trial.
MotiveWave Add-On Modules
MotiveWave Software accommodates multiple trading styles, strategies, and skill levels. Not only does the company provide a variety of platforms, but it also enables users to further customize by offering a selection of add-ons.
The Elliot Wave tools, where MotiveWave all began, help traders identify the five waves, including the coveted wave 3.
The Auto Elliot Wave tool, which requires a separate Elliot Wave Module, will automatically plot and label the waves. However, the Elliot Wave Scanner comes with the Ultimate platform only.
Other add-on options for traders who seek to identify harmonic patterns are:
- Gann tools (Gann box, fan, grid, wedge, Gann angles, etc.)
- Gartley tools (Bull and bear patterns of Bat, Butterfly, Crab, Cypher, Shark, and more. Note that the Gartley Scanner is only included in the Ultimate platform.)
- Advanced Fibonacci tools (retracement, extension, and expansion. As well as box, fan, grid, and wedge, plus arc, half arc, circle, ratio, etc.)
MotiveWave offers General Analysis, Advanced Charts, and Commentary & Markers add-ons for traders engaged in even more sophisticated technical analysis strategies.
Final Thoughts: MotiveWave Review
MotiveWave Software’s pricing is a bit different in that you can lease or acquire lifetime licenses. The more features the platform has, the higher the price.
Lease options are one month, 90 days, or six months, and a lifetime license is forever. For those interested in a lifetime license yet unable to pay in one lump sum, you can divide it into four monthly payments. However, it may cost a little more.
Frequently Asked Questions
Investors cannot purchase shares of Motivewave because the company is privately held.
MotiveWave is broker-neutral software that equips traders with a cutting edge trading platform for stock analysis. They offer high-end charting, and top-of-the-line Elliott Wave software. Their platform is feature-rich and customizable.
Tony Lindsay is the founder and owner of MotiveWave.
Here's how to import data into MotiveWave; 1. Select File. 2. Click Chart. 3. Click Import Data. 4. Under Import Data, click Add. 5. Select the "CSV/ASCII File(s).
Motive Wave has 5 different types of Footprint charts:
- Profile
- Bid/Ask
- Ladder
- Delta
- Volume
