WAVE-PM Meow Mix (Lite) [acatwithcharts]

This is a "lite" version of my WAVE-PM Meow Mix. It is limited to using just SMA and regular STDEV, resulting in a faster-loading and more stable indicator for general use.

This is an adaptation of Mark Whistler's WAVE-PM script, originally published in his book Volatility Illuminated as a MT4 script. It compares expansion and contraction of volatility on different period lengths as a leading indicator that significant trending is probable. WAVE-PM is, in of itself, a non-directional derivative of volatility, and is intended to be used in combination with other deviation-based indicators like BBands and CCI which offer directional indications.




I am posting these as invite-only and have a short list of collaborators in mind who will get access if they want it. It is not being made available to the general public as of this posting; I’m vaguely working towards eventually offering being able to offer some sort of paid indicator offering in the future.

Rather than shut the door entirely, I will say that if someone approaches me by PM with a really interesting idea on how they’d like to test this or my other indicators, I’m willing to consider giving access. I’m not giving this away just to anyone who asks and will, for my own time and sanity, probably just ignore requests by people who don't come to me already knowing what this indicator does and how they might want to use it.

Catatan Rilis:

Updated to change the attribution in the title from “acatwithcharts” to “SharkCharts.live”.

I'm excited to announce that we're putting the finishing touches on a subscription service for the volatility theory indicators, and assuming no hiccups will launch them within days. Subscriptions will be available in several packages through SharkCharts.live

Current pricing and subscription details will be kept up-to-date on SharkCharts.live

Catatan Rilis:

Update to v4 (which doesn't change any functionality in this). However, I did take it as an opportunity to update the color scheme a bit so that all 4 traces stand out - and to add a "color scheme" menu that allows coloring similar to DadShark's preferred colors. Default remains the same - the original color scheme was designed for contrast and readability.

Catatan Rilis:

I'm making a round of updates to my scripts after testing some of the new Pinescript features and looking for ways to address loading issues that have arisen from changes over the past 6 months or so as to what thresholds cause scripts to fail on the back end.