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Whale II Indicator Description:

This indicator is developed in Pine Script v6 on the TradingView platform, designed to be a powerful analytical tool combining dynamic moving averages, trend speed, and transmission statistics (wave analysis).
It reveals market direction, energy, and momentum in a visually defined manner, along with statistical figures.

🎯 Key Components of the Indicator:

1. Dynamic Moving Average (DMA)

• Varies according to price action.
• It has two important options:
◦ Maximum Length: Specifies the smallest number of candles for which the average is calculated (larger values ​​= slower and quieter line, smaller values ​​= faster and sensitive line).
◦ Accelerator Multiplier: Increases or selects the speed of movement entry (high values ​​= quick response to orders, but may be noisy).


✅ Gives you a dynamic line on a chart (green = bullish, red = bearish).

2. Trend Velocity (Trend Velocity)

• Calculates the strength of the current movement using the rate of price change.
• Shows:
• Colored shares (green chart): degrees if the trend is bullish and strong, red degrees if it is bearish.
• Candle Strength: If you enable the Candles option, the candles themselves are colored according to the strength of the trend (instead of their original color).


3. Wave Analysis Table (Transmission Table)

The statistical table appears in the corner (top right) where the numerical information helps you understand the market dynamics:

• Average Wave → Average Transmission Size (bullish or bearish).
• Max Wave → Largest Wave in the period.
• Current Wave Ratio → Compares the current wave to the average/largest wave, giving an idea of ​​whether the current wave is strong or weak compared to the previous one. WIFUSDT

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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.