OPEN-SOURCE SCRIPT

WaveTrend Oscillator [Krypt]

Diupdate
This is similar to regular WaveTrend Oscillator except:

- replaces hlc3 input with a weighted log formula for better stability/performance on high volatility charts
- zero-centered scaling
- SMA crossovers above and below OB/OS thresholds are marked as buy/sell signals
Catatan Rilis
Use SMA curvature information to filter out buy/sell signals likely to be false positives
Catatan Rilis
Rename some chart objects
Catatan Rilis
Long/Short signal now captures some cases of bullish and bearish divergences
Catatan Rilis
Use extra signal smoothing and extra momentum check for curvature
Catatan Rilis
improve buy/sell signals
Catatan Rilis
don't make helper elements editable
Catatan Rilis
start drawing signal earlier, perform averaging on cross steps for more stable bullish/bearish divergence detection
Catatan Rilis
use a 1+2 formula for curvature
Catatan Rilis
Default to lower smoothing to still show something on the chart in the beginning
Catatan Rilis
switch back to 4 for default SMA length
Catatan Rilis
Improve sensitivity in the beginning of the chart
Catatan Rilis
add comment
Catatan Rilis
Replace final EMA smoother with Ehlers' smoother for higher sensitivity
Catatan Rilis
Ignore first candle
Catatan Rilis
reduce default smoothing slightly and allow zero smoothing
Catatan Rilis
do not count MA cross above overbought level as bottom, and likewise do not count count MA cross below oversold level as top.
Catatan Rilis
Simplify generation of buy/sell signals
Catatan Rilis
fix how continues climb/descent is determined
Catatan Rilis
detect hidden divergences
Catatan Rilis
Update colors to make this indicator suitable for either light or dark T/V color modes
Catatan Rilis
quantitatively weigh bullish and bearish signals
logscaleOscillatorswavetrend

Skrip open-source

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