DGT 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
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
Catatan Rilis:
small update : alert condition added
Catatan Rilis:
update thanks to @sandyrindal suggestions, special thanks to him
added ability to change the signal length
added ability to compare with other symbols, can be symbols that are directly correlated or inversely correlated symbols
Here is the modified code for the ones who enjoy the WaveTrend Oscillator on separate pane
added ability to change the signal length
added ability to compare with other symbols, can be symbols that are directly correlated or inversely correlated symbols
Here is the modified code for the ones who enjoy the WaveTrend Oscillator on separate pane
//@version=4
//@author LazyBear, modified by dgtrd
study(title="WaveTrend [LazyBear]", shorttitle="WT_LB vX ʙʏ DGT ☼☾")
n1 = input(10, "Length : Channel ", inline = "LEN")
n2 = input(21, "Average", inline = "LEN")
s1 = input(4 , "Signal Length")
obLevel1 = input( 60, "Over Bought Level 1", inline = "OB")
obLevel2 = input( 53, "Level 2" , inline = "OB")
osLevel1 = input(-60, "Over Sold Level 1" , inline = "OS")
osLevel2 = input(-53, "Level 2" , inline = "OS")
f_getWT(s) =>
ap = s
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
wt1 = tci
wt2 = sma(wt1, s1)
[wt1, wt2]
plot(0 , color=color.gray )
plot(obLevel1, color=color.red )
plot(osLevel1, color=color.green)
plot(obLevel2, color=color.red , style=3)
plot(osLevel2, color=color.green, style=3)
[wt1, wt2] = f_getWT(hlc3)
plot(wt1 , color=color.green)
plot(wt2 , color=color.red , style=3)
plot(wt1-wt2, color=color.blue , style=plot.style_area, transp=80)
compare = input(false, "Compare with Symbol", inline = "CPR")
symbol = input("CBOE:VIX" , "", type=input.symbol, inline = "CPR")
extSrc = security (symbol , timeframe.period, hlc3, barmerge.gaps_off, barmerge.lookahead_on)
[wt1x, wt2x] = f_getWT(extSrc)
plot(compare ? wt1x : na, color=color.aqua)
plot(compare ? wt2x : na, color=color.yellow, style=3)
plot(compare ? wt1x-wt2x : na, color=color.olive, style=plot.style_area, transp=80)
Catatan Rilis:
added a label to display current values of the wavetrend and signal level
Catatan Rilis:
Update
* overlay wavetrand display addition, better interpretation
* enhanced signal customizations
Similar Indicators
Oscillators Overlay w/ Divergencies/Alerts : Oscillators-Overlay-with-Divergencies-Alerts
Elliott Wave Oscillator Signals : EWO-Signals
* overlay wavetrand display addition, better interpretation
* enhanced signal customizations
Similar Indicators
Oscillators Overlay w/ Divergencies/Alerts : Oscillators-Overlay-with-Divergencies-Alerts
Elliott Wave Oscillator Signals : EWO-Signals