Make 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
Informacje o Wersji
⋅
At the request of a user, add a moving average, you can configure period, type, etc. (by default it is not active, activate it from configuration)
could you please explain why a candle bar is getting highlighted? what does it mean?
basarannnn
⋅
@afzal_kabir, The indicator has alerts for sales in overbought and purchases in oversold . When an alert accurs the bar is getting highlighted.
Dilivio
⋅
Hi all, someone knows if this indicator repaint?
Dreadblitz
⋅
@Dilivio, Hello how are you, the indicator does not repaint, only that the differences appear with a delay of 2 candles since you have to wait for the confirmation of new maximums or new minimums, greetings
basarannnn
⋅
Most useful tool i have ever used till now. ty for efforts
pacifiedEggs74465
⋅
Hi all, a friend showed me this indicator and so far we have found it very useful. Can this be turned into a strategy so that it can be strategy tested? Cheers for the indicator! @Dreadblitz
jn1415
⋅
Here's some help for the English speakers. Wave Trend Oscillator + Divergence + Direction Detection + Alerts
Longitude del canal Channel length Period movil Mobile Period
reaccion en cambio de direccion reaction on change of direction
nivel sobre compra level on purchase
nivel sobre venta level on sale
solo ventas en sobre compra only sales on envelope purchase
solo compras en sobre venta only purchases on oversale
ver histograma see histogram
ver media de senal see signal average
pintar barras painting bars
ver divergencias regulares alcistas see regular bullish divergences ver divergencias regulares bajistas see regular bearish divergences ver divergencias ocultas alcistas view hidden bullish divergences ver divergencias ocultas bajistas view hidden bearish divergences ver etiquetas de divergencias see divergence labels
activar media movil extra para wt activate extra mobile media for wt (wave trend)
MA extra tipo = Moving average type MA extra periodo = MA extra period MA extra reaccion = MA extra reaction Media WT (wave trend) Color 0 Color1 Media senal media signal Nivel 0 Level 0 Nivel 1 sobre compra level 1 on purchase All 1-8 Nivel 1 sobre venta level 1 on sale All 1-8 Ventas en sobre compra Sales in overpurchase