In this article you will learn how to set up the MenthorQ Indicators for MotiveWave. You can now access Gamma Levels, Swing Levels and Blind Spots Levels on the platform. You can now integrate the MenthorQ data into MotiveWave directly via API.
What is MotiveWave?
MotiveWave is a trading and charting platform designed for advanced technical analysis, strategy development, and automated trading. It supports multiple asset classes, including stocks, futures, forex, options, and cryptocurrencies. Learn more about MotiveWave here.
Indicator Features
Within the Indicator you have the following features:
- Integration via API
- Full Customization of Levels Plots and Labels
- Access Multiple Levels Type:
- Gamma Levels
- Gamma Levels Intraday
- Gamma Scalping
- Gamma Scalping Intraday
- Blind Spots
- Swing Levels
- Levels Conversion. You can convert all Levels Type from one asset to the other using Manual Ratio
Check out the Video Tutorial.
How to integrate MenthorQ Levels on MotiveWave
Integrating the MenthorQ Levels into MotiveWave is very simple. To do so follow these Steps:
- Log into your Account Dashboard and go under Integration. Locate the MotiveWave section and download the indicator zip file.
We have two indicators available: The Windows and the Mac OS Version.
- Paste the indicator in the MotiveWave Extensions folder within your computer.
- Unzip the File into the folder
- This is how the folder should look like after the Zip file has been extracted
- Add the Indicator to your chart by looking at the menu: Study – Custom
Configure the Indicator
Once downloaded the indicator go into your MotiveWave Indicator List and look for the MenthorQ Levels Indicator.
Step 1. Add your API Key
Scroll down the Indicator Settings and add your API Key. You can retrieve the API Key within the MenthorQ Account Dashboard.
Step 2. Choose Level Type
You can select what types of Levels you want in your chart and the Gamma Model. You can add Gamma Levels, Swing Levels (when available) and Blind Spots Levels.
For Gamma Levels we have 2 Models:
- Gamma Levels. Those are the main MenthorQ Gamma Levels.
- Gamma Scalping. This model allows you to access more gamma levels within a smallare range. Tailored for Futures Traders who are looking at tight areas for scalping.
- Blind Spots Levels. You can learn more about Blind Spots here.
- Swing Levels. You can learn more about Swing Levels here.
Step 3. Customize the Levels Format
Within the Indicator you have the ability to fully customize the color of the labels, select which labels to plot, choose the style and more.
Step 4. Levels Conversion
Within MotiveWave you can now convert Levels from one asset to the other. For example you can do the following conversions:
- Convert End of Day SPX Gamma Levels to ES
- Convert Intraday QQQ Gamma Levels to NQ
- Convert QQQ Blind Spots Levels to NVDA
- Convert GLD Swing Levels to GC
Note: Conversion only works with Manual Ratio. For more information about Levels conversion check out our Tutorial Videos on our Trading Integrations Course.
