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WaveTrend [LazyBear] with Long/Short Labels

671
WaveTrend Oscillator with Entry Signals (LONG/SHORT) – Advanced Edition
This indicator is based on the renowned WaveTrend Oscillator by LazyBear, a favorite among professional traders for spotting trend reversals with precision.

🚀 Features:

Original WaveTrend formula with dual-line structure (WT1 & WT2).

Customizable overbought and oversold zones for visual clarity.

Automatic LONG and SHORT signals plotted directly on the chart:

✅ LONG: When WT1 crosses above WT2 below the oversold zone.

❌ SHORT: When WT1 crosses below WT2 above the overbought zone.

Momentum histogram shows strength of market moves.

Fully optimized for Pine Script v5 and lightweight across all timeframes.

🔍 How to use:

Combine with support/resistance levels or candlestick reversal patterns.

Works best on 15min, 1H, or 4H charts.

Suitable for all markets: crypto, stocks, forex, indices.

📊 Ideal for:

Traders seeking clean, reliable entry signals.

Reversal strategies with technical confluence.

Visual confirmation of WaveTrend crossovers without manual interpretation.

💡 Pro Tip: Combine with EMA or RSI filters to further enhance accuracy.
Informacje o Wersji
This indicator is based on the renowned WaveTrend Oscillator by LazyBear, a favorite among professional traders for spotting trend reversals with precision.

🚀 Features:

Original WaveTrend formula with dual-line structure (WT1 & WT2).

Customizable overbought and oversold zones for visual clarity.

Automatic LONG and SHORT signals plotted directly on the chart:

✅ LONG: When WT1 crosses above WT2 below the oversold zone.

❌ SHORT: When WT1 crosses below WT2 above the overbought zone.

Momentum histogram shows strength of market moves.

Fully optimized for Pine Script v5 and lightweight across all timeframes.

🔍 How to use:

Combine with support/resistance levels or candlestick reversal patterns.

Works best on 15min, 1H, or 4H charts.

Suitable for all markets: crypto, stocks, forex, indices.

📊 Ideal for:

Traders seeking clean, reliable entry signals.

Reversal strategies with technical confluence.

Visual confirmation of WaveTrend crossovers without manual interpretation.

💡 Pro Tip: Combine with EMA or RSI filters to further enhance accuracy.

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