The ABC Waves are comprised of various moving averages and oscillators (MACD) used to visualize the overall strength and direction of a given market across multiple time frames. The “A Wave” measures short term relative strength and direction of a market, the “C Wave” measures longer term strength and the “B Wave” plots the same for a medium time period.
Instruction - Load the Indicator three times, Turn Off the Other two Waves. For eg., Wave A - Check / Wave B - Uncheck / Wave C - Uncheck. = This will plot Wave A.
What do the two different colors for each wave indicate? Sometimes yellow is higher/ lower than the green. What does that indicate?
ChrisMoody
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UCS...Your Freakin BIG TIME...
SKILLZ!!!!!!
UDAY_C_Santhakumar
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Thanks
tradearcher
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Nice. I was thinking of doing that one as well. But I like your version better. =)
gee_ell
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Wow thanks a whole bunch @ucsgears for making this code available. I'm just finished reading chapters 11 and 12 of John Carter's Master the Trade (I'm too much of a newbie trader to discern if he's legit or not), and building my own SqueezeWave indicator. I was looking for the TTM Waves algorithm, and there you have it, thanks to you. Gotta say: I find it deceptively simple math wise. It seems people are making good money with beginner code!
hisloptarik
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@ucsgears What do the two different colors mean on Wave C
oxfilippp
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Did you ever consider to update to the new C wave (long term one)?
Lucas_Kanazava
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What's up, bro?
I'm a beginner trader from Brazil, and I think your WAVE-A/B/C indicator is really cool. I never had access to the original indicator, did you use the same parameters as the original? How do you use the indicator?
Thank you for sharing!