Comparison
TradersWeek vs MotiveWave
These two overlap on one thing and diverge on everything else. MotiveWave is a desktop platform that prices Elliott Wave analysis as its own edition: automatic, semi-automatic and manual labeling, with Auto Analyze building counts by itself and an advanced wave scanner and analyzer in the Ultimate edition. source It runs on Windows, macOS and Linux with native mobile apps, connects to 30+ brokers and data providers, and prices wave analysis as its own edition. TradersWeek is a browser terminal that labels waves automatically in its free tier: 24 wave patterns, each count scored against the Elliott rules and editable by hand. Around that it adds 28 order-flow layers on Binance spot data, which is a market MotiveWave reaches only through a connection. US stocks are here only as Binance perpetual contracts with months of history, and there are no exchange-traded futures, no broker execution and no native apps. All MotiveWave facts below were checked against its own pages on 2026-08-11.
Which one fits
Choose MotiveWave if
You count waves on years of stock or futures history, or want the wave scanner and analyzer that sit in its Ultimate edition. source You want a desktop application and an app on your phone. source You place orders through a broker from the chart. source You would rather buy a perpetual licence once than pay monthly. source You write your own studies in Java. source
Choose TradersWeek if
You count waves on crypto or major FX and want the labeling without paying for it. You want the count next to order flow on the same chart rather than in a separate product tier. You work from a browser on whatever machine is in front of you. You want the structural methods, Smart Money, Wyckoff, Ichimoku and Gann, under one subscription.
How each one arrives at a count
Automatic wave labeling is a search problem: many valid counts fit the same swings, and the work is proposing candidates and eliminating the ones that break the rules. Both products automate that, and the useful comparison is what each shows you about its own reasoning.
- TradersWeek
- The engine fits 24 wave patterns and checks every candidate count against the Elliott rules: direction alternation, wave 2 retracement, wave 3 length and wave 4 overlap. A scenario carries the share of rules it passed, competing counts are ranked by a hand-written score of guidelines and Fibonacci fit, and labels stay editable by hand afterwards. Automatic labeling is free; the wave inspector, which breaks a scenario down rule by rule, and the scanner, which looks for wave setups across the market, are premium at $120 per month.
- MotiveWave
- Automatic, semi-automatic and manual labeling. Auto Analyze builds wave labels by itself; the advanced wave scanner and analyzer are in Ultimate, and the edition split is published in the comparison chart. source Wave work is split across editions, with the entry point named for it: Elliott Wave Lite at $89 per month or $1,395 perpetual, and the advanced scanner and analyzer in Ultimate at $159 per month or $2,295 perpetual. source
- The caveat both share
- Elliott Wave analysis is contested and has no established statistical validation in the academic literature. Automation does not fix that. What it fixes is the labour and the wishful thinking: proposing counts, testing them against the rules and re-testing after every new swing is mechanical work, and a machine does it without preferring the count it wants to be true. A generated count is a hypothesis with a score, not a forecast.
- Where the counts run
- TradersWeek labels waves on any instrument it charts: Binance spot crypto, US stocks and ETFs as Binance perpetual contracts, and forex, metals and indices through the MetaTrader bridge. A stock contract carries history only from its Binance listing, which leaves a long count without its early waves. MotiveWave labels them on whatever its connection provides, which includes stocks and futures. source If your waves are on equity indices or CME contracts, this is the line that decides the comparison.
What wave analysis costs
| Plan | Price | What it adds |
|---|---|---|
| TradersWeek Free | $0 | 123 indicators, automatic Elliott labeling with 24 wave patterns, paper trading |
| TradersWeek Premium | $120 per month | Order flow, the methodology modules, the wave inspector and the wave scanner |
| MotiveWave Community | Free after the trial | Community Edition after a 14-day trial: 280+ indicators, one workspace. source |
| MotiveWave paid editions | $24 to $159 per month, perpetual $245 to $2,295. source | Wave analysis, order flow and execution split across editions source |
Market data sits outside both. MotiveWave does not include it in the licence and it is bought from the broker or data provider. source TradersWeek charges nothing extra because Binance public trade data is free, and because the professional feeds that usually cost money are not covered at all.
Beyond the waves
| Capability | TradersWeek | MotiveWave |
|---|---|---|
| Where it runs | Any modern browser, installs as a PWA. No native apps | Windows, macOS and Linux, plus iOS and Android apps. source |
| Markets | Binance spot, plus bridged forex, metals and indices. No futures | 30+ brokers and data providers: stocks, futures, forex, crypto. source |
| Order flow | 28 layers on Binance spot trades, plus a DOM panel reading the exchange book | Volume Imprint, in Order Flow and the higher editions. Order Heat Map in the order-flow set. source |
| Order execution | Paper account, or an exchange through your own API key | Chart and DOM trading through supported brokers. source |
| Extensibility | Script Converter reads 6 languages. No public API, no marketplace | Java SDK and a Marketplace. source |
| Indicator library | 123 indicators, 82 drawing tools | 280+ indicators in Community. Editions differ by feature set. source |
| Licence model | Monthly, with a free tier and no time limit | Monthly or perpetual, with annual update fees source |
Questions people actually ask
Which platforms label Elliott waves automatically?
MotiveWave and TradersWeek both do, and TradingView recognises the Elliott Wave chart pattern. MotiveWave offers automatic, semi-automatic and manual labeling, with Auto Analyze building counts by itself and the advanced wave scanner and analyzer in its Ultimate edition. TradersWeek fits 24 wave patterns, scores every count against the Elliott rules and ranks competing counts, and the labeling is in the free tier. TradersWeek used to claim it was alone in doing this on the web. That was wrong, and MotiveWave is the clearest reason why.
How much does automatic Elliott labeling cost in each one?
MotiveWave prices wave analysis as its own edition: Elliott Wave Lite is $89 per month or $1,395 as a perpetual licence, and the advanced scanner and analyzer are in Ultimate at $159 per month or $2,295 perpetual. The edition split is published in its comparison chart. In TradersWeek automatic labeling costs nothing: it is part of the free core. What is paid here is the layer above it, the wave inspector and the market-wide wave scanner, which are Premium at $120 per month.
Is TradersWeek an alternative to MotiveWave?
On crypto and major FX, for a trader who wants wave counts and order flow in a browser, yes. On listed shares and futures, no. MotiveWave reaches 30+ brokers and data providers: stocks, futures, forex, crypto. TradersWeek covers Binance spot, US stocks and ETFs as Binance perpetual contracts, and forex, metals and indices through a MetaTrader bridge. A stock contract's history starts at its listing on Binance, months rather than years, and there are no exchange-traded futures at all. MotiveWave also runs outside the browser: Windows, macOS and Linux, plus iOS and Android apps. TradersWeek is a browser app and a PWA.
Can I edit the automatic wave counts by hand?
In TradersWeek, yes: labels stay editable after the automatic pass, and a count carries the share of Elliott rules it satisfied, so you can see why it was proposed before you accept it. MotiveWave supports automatic, semi-automatic and manual work on the same chart, which is the workflow its Elliott editions are built around.
Does Elliott Wave analysis actually work?
It is a contested method with no established statistical validation in the academic literature, and neither product changes that. What automation does change is the labour: proposing counts, checking them against the rules and re-checking after each new swing is mechanical work, and a machine does it faster and without wishful thinking. Treat a generated count as a hypothesis with a score attached, not as a forecast.
What does MotiveWave have that TradersWeek does not?
Market coverage through brokers, native desktop and mobile apps, a Java SDK, a marketplace, a perpetual licence option, and a deeper wave toolset in its higher editions including the wave scanner and analyzer. TradersWeek has no broker execution, no listed shares (US stocks come as Binance perpetual contracts), no exchange-traded futures, no native apps and no public API for custom indicators.
What does TradersWeek offer that MotiveWave does not list?
A browser build, which the MotiveWave download page does not list, and automatic wave labeling at no cost. Plus 28 order-flow layers built from Binance spot trades and the methodology modules, Smart Money, Wyckoff, Ichimoku, Gann and Bill Williams Chaos, in one subscription rather than as separate editions.
Automatic wave labeling is in the free core, so you can put a count on a chart before deciding anything.
Open terminalLast reviewed 11 August 2026