WaveTrend & Supertrend Comparison/CombinedThis compares two reasonably reliable strategies and shows where they are in agreement.
When the top line is GREEN - Then consider BUYing
When the top line is RED - Then consider SELLing
There are also alerts available.
Wavetrend
RSI, CCI WaveTrend God by Keiron RichieThis script uses Relative Strength Index ( RSI ), Commodity Channel Index ( CCI ) and WaveTrend (WT) together as an oscillator with an additional custom RSI rate of change indicator and buy/sell background color zones derived from a complex combination of these indicators.
The White line shows the moving average of RSI as an oscillator
The Green line is the fast Exponential Moving Average ( EMA ) of CCI & the Red line is the slow EMA of CCI .
The Blue area is the EMA of WaveTrend WT
How to read:
If the RSI , CCI or WT crosses above a programmed threshold and the other lines are also within a pre-defined buy range then the background will change to green for buy.
If the RSI , CCI or WT crosses below a programmed threshold and the other lines are also within a pre-defined sell range then the background will change to red for sell.
Where requirements are not met, the background is neither green nor red.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates an immediate buy or sell opportunity.
Buy, Sell, Exit Buy and Exit Sell alerts are included.
Use the link below to obtain access to this indicator.
WaveTrend+ Strategy [SystemAlpha]This is a WaveTrend strategy based on WaveTrend Oscillator. In addition to using the normal crossovers, we use trend filters, trailing stop loss and take profit targets. WT+ Strategy was developed for crypto, forex and stocks for 15 minutes to daily timeframe. The main goal was to catch long term trends and ride them.
In this strategy you have a choice of:
Trend Filters:
- Average Directional Index (ADX) – buy when price is trend is up and sell when trend is down.
- Moving Average (MA) – buy when price close above the defined moving average and sell when price close below moving average
- Parabolic SAR – buy when SAR is above price is above price and sell when SAR is below price.
- All - Use ADX, MA and SAR as filters
For MA Filter , you can use the “TF MA Type” and "TF MA Period" parameter to select Simple or Exponential Moving Average and length.
Stop Loss:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Parabolic SAR (SAR) – Parabolic SAR adapted as trailing stop loss.
For ATR , you can use the “ATR Trailing Stop Multiplier” parameter to set an initial offset for trailing stop loss.
Take Profit Target:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Standard % – Percent as target profit
For ATR , you can use the “ATR Take Profit Multiplier” parameter to set an initial offset for trailing stop loss.
Additional feature include:
- Regular and Hidden Divergence display and alerts
- Filter Overbought and Oversold
- Use WT Cross for Exit
STRATEGY ONLY:
- Set backtest dates
- Set Trade direction - Long, Short or Both
- Use timed exit - Select method and bars
- Method 1: Exit after specified number of bars.
- Method 2: Exit after specified number of bars, ONLY if position is currently profitable.
- Method 3: Exit after specified number of bars, ONLY if position is currently losing.
TradingView Links:
WT+ Oscillator Companion:
WT+ Alerts:
How to use:
1. Apply the script by browsing through Indicators --> Invite-Only scripts and select the indicator
2. Once loaded, click the gear (settings) button to select/adjust the parameters based on your preference.
3. Wait for the next BUY or SELL signal to enter the trade!
Disclaimer:
The indicator and signals generated do not constitute investment advice; are provided solely for informational purposes and therefore is not an offer to buy or sell a security; are not warranted to be correct, complete or accurate; and are subject to change without notice.
WaveTrend+ Alerts [SystemAlpha]This is the alert companion of the WaveTrend+ Strategy . Instead of using just the normal crossovers, we use trend filters, trailing stop loss and take profit targets. WT+ Strategy was developed for crypto, forex and stocks for 15 minutes to daily timeframe. The main goal was to catch long term trends and ride them.
In this alert you have a choice of:
Trend Filters:
- Average Directional Index (ADX) – buy when price is trend is up and sell when trend is down.
- Moving Average (MA) – buy when price close above the defined moving average and sell when price close below moving average
- Parabolic SAR – buy when SAR is above price is above price and sell when SAR is below price.
- All - Use ADX, MA and SAR as filters
For MA Filter , you can use the “TF MA Type” and "TF MA Period" parameter to select Simple or Exponential Moving Average and length.
Stop Loss:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Parabolic SAR (SAR) – Parabolic SAR adapted as trailing stop loss.
For ATR , you can use the “ATR Trailing Stop Multiplier” parameter to set an initial offset for trailing stop loss.
Take Profit Target:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Standard % – Percent as target profit
For ATR , you can use the “ATR Take Profit Multiplier” parameter to set an initial offset for trailing stop loss.
Additional feature include:
- Regular and Hidden Divergence display and alerts
- Filter Overbought and Oversold
- Use WT Cross for Exit
TradingView Links:
WT+ Oscillator:
How to use:
1. Apply the script by browsing through Indicators --> Invite-Only scripts and select the indicator
2. Once loaded, click the gear (settings) button to select/adjust the parameters based on your preference.
3. Wait for the next BUY or SELL signal to enter the trade!
Disclaimer:
The indicator and signals generated do not constitute investment advice; are provided solely for informational purposes and therefore is not an offer to buy or sell a security; are not warranted to be correct, complete or accurate; and are subject to change without notice.
WaveTrend [LazyBear] vX by DGTDGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart
Original Author : LazyBear
Crosses above or below threshold are emphasized with bigger labels
- crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications
- crosses below threshold : probable long indications with a bigger label and relativly small label for probable short indications
All rest crosses within threshold boundaries with relatively small labels for both long and short probable indications
MultiWave v2 | CryptoProToolsThis is a release highly requested in our Discord server.
Finally we have an update / official release of our original MultiWave indicator
On top of the standard signals (displayed as the dots on chart) and alerts we now also have "trend signals" with various options (displayed as the triangles on chart).
These new trend signals still use the same multi wave algorithm but trigger differently for some quite nice results.
Also added the option for smoothing on all three wave plots. There are 10 levels of smoothing to choose from and each plot can be tuned with different levels of smoothing.
For access and further information about this or any of our other indicators please click the link to our website below.
Frontrow SniperThe Sniper indicator combines various indicators together in an effort to predict accurate money making signals. The indicator lets you know when to long or short. So that your trades are spot on and there is no more need for FOMO. The Sniper indicator is the secret weapon you need to give you an edge to win in this market.
Frontrow Sniper is an all-in-one oscillator, allowing for more quality indications on your chart. It combines five well known algorithms (VWAP, MFI, RSI, Stochastic RSI, Wave Trend) which have all been fine-tuned for optimal results. When all of these indicators converge, sniper projects a green dot buy signal. The green dot is characterized by extreme sell momentum. In other words, it tells you to long when price is at the bottom. Making it extremely powerful.
the indicator is a wavetrend indicator
Whenever the 2 lines converge on each other a red sell signal or green buy singal will be created.
When the market is really overbought/oversold it will create a big buy or sell signal
MTF Wave Trend & Money Flow - Monitoring PanelAnother indicator based on the famous "Wave Trend Oscillator" by LazyBear.
Monitoring panel showing the Wave Trend as color for 6 different timeframes. Additionaly the Money Flow (positive or negative) is indicated as green or red dots.
I find it helpful that with one glance the current Wave Trend and Money Flow on many timeframes is visible.
(Timeframes can be changed, but the description labels are currently hardcoded - if you want to change it, just copy the script and change them)
Meanings of the Colors:
WT above Zero and rising : Dark Green
WT above Zero and declining : Light Green
WT below Zero and declining : Dark Red
WT below Zero and rising : Light Red
Money flow positive : Green dot
Monet flow negative : Red dot
(Currently there are two additional timeframes commented in the code - if you want to use them, just copy the script and uncomment them)
Have fun and as always I am open for constructive feedback.
Cheers!
MTF Wave Trend CrossThis indicator is based on the famous "Wave Trend Oscillator" by LazyBear.
I have noticed that the Wave Trend Crosses (not the waves themselves) give a pretty good indication on the current status of the market (above Zero = bullish / below Zero = bearish ).
This new indicator is a Multi TF Version of this where it is possible to define 4 fixed Higher Time Frames and 4 fixed Lower Time Frames.
The results are then plotted above (higher TF) and below (lower TF) of the result of the current TF. (Offset can be flexibly changed in the settings)
This allows to judge the trend based on the various TFs.
Basically the greener it looks, the more bullish the situation is at the moment. More red color indicates a more bearish situation.
Enjoy.
WaveTrend Oscillator w/ Short/Long/Close Alerts - WIPHigh TFs work best, but it works on any TF. I plan to continue releasing updates to it to improve overall form and function. Green Circles are Long Alerts, Red Circles are Short Alerts. Blue and Yellow Circles are Close Position Alerts. First Blue Circle After Red Circle would be Short Exit. First Yellow Circle After Green Circle would be Long Exit.
Original script was based on Lazybear Indicator-WaveTrend-Oscillator-WT Script. I have added and modified some code to my personal liking.
WaveTrend Simple Oscillator [NinjaDawgz]Building on my previous I've attempted to distill everything down into its simplest form. All you need is to understand what the oscillator is telling you!
Oscillator line crosses will trigger a signal and are colored in the respective direction for clarity.
At its very basic usage, you can sell signals once they're oversold/overbought. Anything above/below the double lines are considered extreme. Using money management and standard trading techniques, like waiting for price to break the high/low of the triggering bar, will yield significant risk:reward ratio's that are profitable.
More advanced usage are using pattern recognition for both reversal and continuation signals. Any pair of opposite signals within a few bar's are powerful continuation signals.
Highly advanced usage is to find Elliot Wave patterns (mainly corrective patterns like flats but any pattern) in the oscillator itself, as well as leveraging the oscillator to identify corrections on chart. Finally, the oscillator will give you the (sub)pattern completion by printing a signal on oscillator.
This works for any security on any timeframe.
Swing Trade Pros - Wave Trend IndicatorThe STP Wave Trend Indicator allows you to catch big trends before they start by confirming the direction and momentum in real-time. This indicator can be used across all assets on any timeframe. When the oscillator (white area) crosses down the signal (green area), it is a good SELL signal. Similarly, when the oscillator crosses above the signal it is a good BUY signal. Another strategy is to buy when the oscillator crosses the oversold area and sell when it crosses the overbought area
Hashem WaveTrendHASHEM WAVETREND
This indicator is mixture of 4 types of WaveTrends with proper SMA and EMA Smoothings. When the Blue wave crosses the purple wave and if they are in the Lower or Higher Zones, that could be a setup. Also, Customized Godmode with 2 settings and Divergences on Purple Wave are included.
When an Orange Triangle shows up it means the setup is quite powerful.
This can be used on any timeframes and any markets. Don't forget always Higher TF = More Weight and Don't be greedy in CounterTrends .
Besides, VWAP (the difference between the two waves) is plotted. When the Yellow wave is high and near the Fibo levels, It means the trend is just started OR it's near the end.
This indicator is powerful in Swings , Scalpes and Trends on any timeframe, but when the price is ranging in a very tight range , the signals often would be false. So be careful about tight ranges .
Note That The Signals are NOT Confirmed. You must Confirm them with your own TA.
Wave Trend With Signals [ChuckBanger]A wave trend script based on LazyBears script but with added signals and a histogram...
Hashem Helper -TwoHashem Helper Two
This Indicator contains many indicators and mixture of them.
RSI+MFI = Green and Red Cloud (Above 0 is Green, Below 0 is Red)
StochRSI (K = Aqua, D = Purple)
WaveTrend (Not shown directly but used in the bigger Aqua and Purple Cloud Waves)
VWAP (Volume-Weighted Average Price) = Yellow Cloud Around 0 Line.
The Blue WaveCloud ( which is a Fast Momentum ) and the Purple WaveCloud ( which is Slow Momentum ) is the result of the mixture.
Basically when Fast Wave crosses the Slow Wave, It's a setup and the price momentum is probably going to follow the wave as a "Probable Signal". (when cross happen, a Red or Green Circle is plotted on the 60 or -60 Line)
The idea here is that you are looking for a big momentum wave( Purple Cloud ), followed by a smaller trigger wave ( Blue Cloud ).
In addition the Divergences on StochRSI and RSI and WaveCloud are analyzed. This indicator shows Normal Divergences (R) and Hidden Divergences (H) on itself. But the point is YOU with your TA should must that. So it's NOT an "Absolute Signal". Human eye is needed to interpret the false and true signals.
Divergences on StochRSI and WaveClouds are shown with actual Green/Red Lines (R/H) and on RSI are shown with Shapes on the its line.
Bullish Divergence = Aqua Triangle
Hidden Bullish Divergence = Aqua Circle
Bearish Divergence = Purple Triangle
Hidden Bearish Divergence = Purple Circle
When you see these shapes on the RSI , it tells you: Hey, Watch the RSI and Price, A Divergence could be there but it's not confirmed. you need to confirm it with your own TA.
Note that this is a Helper Indicator, NOT a Short/Long Signal Indicator. This should be used alongside with your TA.
Hashem Helper -OneHashem Helper One
This indicator is mixture of WaveTrend and RSI with EMA Crosses.
There are 8 EMA (Ribbon) which in confluence of RSI and WaveTrend gives shapes above the candles.
SHAPES:
Red Diamond = Bearish Momentum in the trend.
Orange Cross = Probability of the following candles to be reverse back to the candle which has orange cross above it, is High. (Current price likely doesn't match up with the Statistics)
Purple Cross = Bearish Indication on the Candle. ( Should be used in confluence of other Indications)
Aqua Circle = Bullish indication. (Based on EMA Crosses)
Purple Circle = Bearish Indication. (Based on EMA Crosses)
Blue Triangle = The EMA Ribbon is Recovering. Basically means a Probable Trend Change.
Note that this is a Helper Indicator, NOT a Short/Long Signal Indicator. This should be used alongside with your TA.
WaveTrend Oscillator + Divergence + Direction Detection +AlertsMake this version of the famous WaveTrend indicator has the following characteristics:
- WaveTrend direction detection
- Customizable overbought and oversold level (set by default just like the original version)
- Possibility to modify the length of the channel (set by default same as the original version)
- Possibility of modifying mobile period (set by default same as the original version)
- Show ONLY overbought sales.
- Show all sales.
- Show ONLY purchases in oversold.
- Show all purchases.
- See histogram.
- See half signal.
- Paint Bars.
- Modification of colors.
Alerts:
The indicator has the following alerts:
- Sales in oversold
- All Sales
- Purchases in oversold
- All Purchases
- Purchases / Overbought sales / Sales
- All Sales / Purchases
- Change WT Direction
NOTE: This single indicator should not be taken as a trading strategy is only a tool for the trader that gives a sense of depth market and potential opportunities for purchase / sale which must be evaluated in the context generally used this indicator to look for positions in areas of overbought / sell, also for detecting differences, other aspects such as the direction of Wavetrend, levels, histogram, etc, also provide useful information.
Release Notes: Add a field to change reaction and color change direction WT, is set to 1 as fast (default), better greater number address filter but is slower.
Release Notes: Add a Hidden Divergences detector and Regulars (bulls and the bears), from setup can activate them, also can turn off the labels and leave only the lines, configure it to your liking.
NOTE: SCRIPT IN SPANISH
Chande Momentum Oscillator + WaveTrend Oscillator [ChuckBanger]This is a combination of Lazybears WaveTrend Oscillator (purple line) and Chande Momentum Oscillator (blue line with the orange line as a signal line). Use WaveTrend as a confirmation tool. It is consider as a selling point when CMO is over the red horizontal dotted line. The opposite applies if CMO line is under the red horizontal dotted line.
You can also use this with WaveTrand to confirm the sell or buy point. When WT line is over center line and CMO has crossed over it's signal line. It is a buy point. The opposite applies if WT line is under the center line and CMO is under its signal line.
Liens Wavetrend.V2 - DivergenceWavetrend.V2
1. showing Regular Bearish and bullish divergence.
2. showing Hidden Bearish and bullish divergence.
3. Alerts for buy and sell signals.
WaveTrend Anomaly by HypesterAs requested by the Alpha community, here's our release.
This is a different type of Wavetrend indicator; here, we have a statistical approach to the waves. We normalize the trends as a reference to measure how much every move differs from the average.
If the move is too far out, it tends to go back to the average as a rule. This indicator yields a %. As you can see, most of the moves tend to stay within 0.5 and -0.5. Remember the fact that 0.5 means 50%, the negative factor here only determines direction.
Funny the fact that most crossings happen within the 0.5 and -0.5, which means they occur before the odds are against them all the time. That highlights the chaotic nature of the markets.
However, the outliers, the moves that extrapolate the 50%, tend to go back to the average quickly, and the big triangles highlight this crossing.
You can also display every single crossing and its direction in the options panel.
There're more customization capabilities in the panel, too, like length, source, and so on.
Now to the background color options, when it's green, we have a confirmed bull movement, and red is a confirmed bear.
The area oscillator is the slope between the fast and slow oscillator lines. Here you can see when the trend is reversing or losing its strength. The orange slope color happens when you have a bearish trend, for instance. The yellow slope happens with a bull trend but a negative momentum. By mixing the colors, you can evaluate if it's strong enough for a full reversal and so on.
This same approach could be handy to spot bottoms and tops.
Multi momentum indicatorScript contains couple momentum oscillators all in one pane
List of indicators:
RSI
Stochastic RSI
MACD
CCI
WaveTrend by LazyBear
MFI
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while oversold -40 and -60 instead 30 and 20.
MACD and CCI as they are not bounded to 100 or 200 range, they are limited to 100 - -100 by default when activated (extras are simply hidden) but there is an option to show full indicator.
In settings there are couple more options like show crosses or show only histogram.
Default source for all indicators is close (except WaveTrend and MFI which use hlc3) and it could be changed but for all indicators.
There is an option for 2nd RSI which can be set for any timeframe and background calculated by Fibonacci levels.
Multi MA Ribbon +Draws an MA Ribbon that highlights major MA's and for easier visibility separates them into different groups including Custom MA's, Baseline MA's, T Line MA's, Short Term MA's and Long Term MA's.
Choose between 11 different types of MA's thanks to JustUncleL and John F. Ehlers super smoother.
The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc.
Happy Trading and remember just follow the flow of the river!
[AU] Waves+ Waves+ v0R7b
Plus version of Waves with components from both Waves Advanced and Mnemosyne. Essentially, Waves+ is highly configurable hybrid wavetrend oscillator and Fibonacci oscillator.
Slow wavetrend component replaced by Follower/Base from Mnemosyne indicator
TTM Squeeze Loose/Strict + Explosion Zones now enabled by default
Extreme Caution Fast Wavetrend Line, Fast wavetrend and Extreme Caution Fast WT cross signal now available
Disabled/removed to speed up script performance and load time: Divergence component, stoch k crossovers, T1 signals. Draw objects reduced from 89 to 64 to conform to Pinescript v4 requirements.
Large inactive code blocks stripped/removed to speed up performance and load time
