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SSL + Wave Trend StrategyStrategy incorporates the following features: Risk management: Configurable X% loss per stop loss Configurable R:R ratio Trade entry: Based on strategy conditions below Trade exit: Based on strategy conditions below Backtesting: Configurable backtesting range by date Trade drawings: Each entry condition indicator can be turned on and off TP/SL boxes drawn for all trades. Can be turned on and off Trade exit information labels. Can be turned on and off NOTE: Trade drawings will only be applicable when using overlay strategies Alerting: Alerts on LONG and SHORT trade entries Debugging: Includes section with useful debugging techniques Strategy conditions Trade entry: LONG C1: SSL Hybrid baseline is BLUE C2: SSL Channel crosses up (green above red) C3: Wave Trend crosses up (represented by pink candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents resistance) SHORT C1: SSL Hybrid baseline is RED C2: SSL Channel crosses down (red above green) C3: Wave Trend crosses down (represented by orange candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents support) Trade exit: Stop Loss: Size configurable with NNFX ATR multiplier Take Profit: Calculated from Stop Loss using R:R ratio Credits Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart. It combines the following indicators to determine trade entry/exit conditions: Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear SSL Channel: SSL channel by @ErwinBeckers SSL Hybrid: SSL Hybrid by @Mihkel00 Keltner Channels: Keltner Channels Bands by @ceyhun Candle Height: Candle Height in Percentage - Columns by @FreeReveller NNFX ATR: NNFX ATR by @sueun123
Estrategia Pine Script®
por kevinmck100
7
Hosoda N Wave and TPs {fmz}This script allows you to establish in a graphic and interactive way which are the N, NT, V and E targets for a Hosoda N wave. Apply the indicator to the chart. The interactive tool of Pine script version 5 will ask you to identify three points of "minimum-maximum-higher minimum" that form a bullish N wave of Hosoda (refer to the specific documentation for Hosoda N wave), or on the contrary three points "maximum-minimum-lower maximum" for a bearish N wave. Once drawn, the price points can be moved. When changing the market instrument, the indicator must be removed because it remains linked to the prices where it was first drawn.
Indicador Pine Script®
por franzb0
21
TradingGroundhog - Strategy & Wavetrend V2#-- Public Strategy - No Repaint - Fractals - Wavetrend -- Here I come with another script, a nice and simple strategy based on fractals and Wavetrends. #-- Synopsis -- A simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but in order to avoid bad and evil downtrends, we use Wavetrends based on a Daily time frame. From it, Tops and Bottoms are extracted. If the opening price goes above Wavetrend Tops, no trades will be conducted during the day. If the price goes below Wavetrend bottoms, no trades will be executed from 1 to N days, until a new Wavetrend bottom is generated. I developed the strategy using BTC /EUR 15 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for long term and automated trading, I implemented the Wavetrend indicator to do so, or for short term if you have spot a long coming uptrend. Test it, look at its profit and long or short period on your crypto of choice. #-- Graph reading -- And now, how to read it ? Wavetrends: Red Backgrounds are associated to No Trade periods. These periods occur when the price goes below a Wavetrend bottom or above a Wavetrend Top. They are here to limit the loss. Blue Gradient lines represent the past Tops. For each bar, only the increasing values of the Wavetrend tops are acquired. Going from light to dark blue based on the age of the Tops. Thus, if on line goes from dark to light, this means the price is approaching a previous Wavetrend top. In the opposite, if it darken, thus the price say 'buy buy' and go dropping. Yellow Gradient lines represent the past Bottoms. They are based on the same principe that the blue lines. Fractals: Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy. White Flags appear when the opening price goes over a Top fractal , it means Sell. #-- Parameters -- *** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. *** Can be touch : 'Combined Smoothness' : The number of open individuals used by the Wavetrend. (6 or 9, often 9 is better but with less volatile crypto it will be 6) 'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Disable is often better) Can be touch but not necessary : 'VolumeMA' : The Volume corrector used by the fractals 'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals. Not to touch : 'Limit_candle to look on' : Number of candles to use to compute the Wavetrend Tops and Bottoms. 'Length top bottom drawn' : Size of the lines 'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy. #-- Time frame -- Should be used with the following time frames depending on the necessity: 1 MIN 3 MIN (Interesting for short term profit, may need some parameter ajustements) 5 MIN 15 MIN (Preferred for long term profit, the script was developed on it) #-- Last words -- The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry(). Good trades ! Disclaimer (As it should always be one to any script) *** This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading. *** # Here are the results from the 1rst of July 2021 with 100% of equity on the BTC /EUR 15 Min and with a capital of 1 000 EUR. # As I saw, it goes from +20% to more than +100% depending on the selected crypto. Sometimes it's negative but it's quite rare on crypto using the EUR.
Estrategia Pine Script®
por UnknownUnicorn27666852
1
MTF Wave Trend CrossThis indicator is based on the famous "Wave Trend Oscillator" by LazyBear. I have noticed that the Wave Trend Crosses (not the waves themselves) give a pretty good indication on the current status of the market (above Zero = bullish / below Zero = bearish ). This new indicator is a Multi TF Version of this where it is possible to define 4 fixed Higher Time Frames and 4 fixed Lower Time Frames. The results are then plotted above (higher TF) and below (lower TF) of the result of the current TF. (Offset can be flexibly changed in the settings) This allows to judge the trend based on the various TFs. Basically the greener it looks, the more bullish the situation is at the moment. More red color indicates a more bearish situation. Enjoy.
Indicador Pine Script®
por wugamlo
2
Elliott Wave — HYBRID BEAST MODE⭐ Elliott Wave — HYBRID BEAST MODE Description (Copy/Paste for Publishing) Elliott Wave — HYBRID BEAST MODE is an advanced, automated Elliott Wave detection engine that blends classical wave theory with modern algorithmic logic. This tool identifies impulsive waves, corrective structures, wave-strength conditions, and volume-enhanced Wave 3 confirmations — all while automatically adapting to any timeframe. This script uses a hybrid approach: • Elliott Oscillator (5/35 MA difference) • Pivot-based wave structure detection • Automated wave spacing (dynamic by timeframe) • Fibonacci projection mapping • Wave channels & structure geometry • Dashboard for quick-read market conditions • Automatic alerts for Wave 3, Wave 5, and corrective waves Key Features ✔ Auto Wave Detection using pivot geometry and spacing logic ✔ Elliott Oscillator histogram for momentum confirmation ✔ Wave Labels (1–5, A–B–C) with intelligent spacing ✔ Adaptive Timeframe System that recalculates wave spacing automatically ✔ Wave 3 Strength Logic using your custom volume multiplier ✔ Fibonacci Levels for projection and confirmation ✔ Wave Channels for structure alignment ✔ Built-In Alerts for key high-probability moments ✔ Designed for 4H / Daily, but optimized for all timeframes Use Cases • Identifying impulsive wave cycles • Confirming corrections & retracements • Determining trend exhaustion • Timing Wave 3 and Wave 5 extensions • Integrating wave theory with oscillator momentum This is a full Elliott Wave toolbox packed into one script — ideal for traders who want automatic structure detection without the subjectivity of manual wave counting.
Indicador Pine Script®
por Timmy741
WaveTrend with CrossesWaveTrend with Crosses — Spot Golden & Dead Crosses with Precision! WaveTrend with Crosses is a customized version of the classic WaveTrend oscillator, enhanced with clean visual signals to help you pinpoint momentum shifts through golden and dead crosses. ✅ Key Features Momentum analysis based on WaveTrend (WT1 & WT2) Detects Golden Cross (WT1 crosses above WT2) and Dead Cross (WT1 crosses below WT2) Customizable Overbought/Oversold zones (defaults: ±60, ±53) Visual circle markers on valid crossovers for easy recognition Built-in alert system to notify you of real-time cross signals 📊 How to Use Add the indicator to your chart and choose your desired symbol & timeframe. The blue shaded area shows the divergence between WT1 and WT2 — a visual cue for momentum buildup. Circle markers: Red circle: Dead cross — potential bearish momentum Green circle: Golden cross — potential bullish reversal Customize the settings to fit your personal trading strategy if needed. 🛠 User Inputs n1, n2: Channel lengths (default: 10 and 21) obLevel, osLevel: Overbought/Oversold thresholds (default: ±60 / ±53) standardValue: Threshold used to validate significant crossovers (default: 60) 🔔 Alert System Get notified with alerts like "Golden Cross" or "Dead Cross" when key crossovers occur, helping you react quickly and confidently. ⚠️ Notes Past performance is not indicative of future results — always backtest and use in conjunction with other tools. Low timeframes may generate frequent signals; filtering or confirmation is recommended. 💡 Author's Note Simple and effective — this tool is designed to focus solely on cross-based entries. Ideal for momentum-based scalping or swing trading strategies. Feel free to customize and tweak as needed! 😄
Indicador Pine Script®
por sondengs
WaveTrend Filtered Signals (LazyBear Style)WaveTrend Filtered Signals (LazyBear Style) This indicator is based on the popular WaveTrend oscillator (LazyBear) and adds several optional filters to improve signal quality: ✅ Available filters: WT oversold/overbought zones – enabled by default. Signals are shown only if WT was previously in the specified zone (e.g., < -60 for longs, > 60 for shorts). SMA trend filter – allows filtering signals in the direction of the moving average trend. SMA position filter – signals appear only when price is above (for long) or below (for short) the moving average. Consolidation filter – ignores signals during low-volatility sideways price movement. 💡 All filters are optional and can be enabled or disabled in the settings. The default setup focuses on a clean approach: WaveTrend + oversold/overbought zones, with other filters left for customization.
Indicador Pine Script®
por Uncle_the_shooter
1
WaveTrend [LazyBear] with Long/Short LabelsWaveTrend Oscillator with Entry Signals (LONG/SHORT) – Advanced Edition This indicator is based on the renowned WaveTrend Oscillator by LazyBear, a favorite among professional traders for spotting trend reversals with precision. 🚀 Features: Original WaveTrend formula with dual-line structure (WT1 & WT2). Customizable overbought and oversold zones for visual clarity. Automatic LONG and SHORT signals plotted directly on the chart: ✅ LONG: When WT1 crosses above WT2 below the oversold zone. ❌ SHORT: When WT1 crosses below WT2 above the overbought zone. Momentum histogram shows strength of market moves. Fully optimized for Pine Script v5 and lightweight across all timeframes. 🔍 How to use: Combine with support/resistance levels or candlestick reversal patterns. Works best on 15min, 1H, or 4H charts. Suitable for all markets: crypto, stocks, forex, indices. 📊 Ideal for: Traders seeking clean, reliable entry signals. Reversal strategies with technical confluence. Visual confirmation of WaveTrend crossovers without manual interpretation. 💡 Pro Tip: Combine with EMA or RSI filters to further enhance accuracy.
Indicador Pine Script®
por thomcam
Hosoda Waves ABCThe Hosoda Waves indicator was devised by Goichi Hosoda, the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges to which the market would react. Hosoda's projections include the NT, N, V, and E waves, derived from calculations based on both upward and downward ABC swings. The calculations for Hosoda's waves are as follows: NT Wave = C + (C - A) N Wave = B + (B - A) V Wave = B + (B - C) E Wave = C + (B - A) This indicator visually represents the calculations by Hosoda. Additionally, Hosoda indicated time cycles: 9, 17, 26, 33, 42, 51, 65, 76, etc., which are not integrated into this indicator as they are not considered effective in contemporary times. Once applied to the chart, the interactive Pine Script tool version 5 will prompt you to identify 3 points of "low-high-low" or "high-low-high," both for upward and downward movements. Once clicked, these price points can be moved. If you change the time frame or market instrument, the indicator must be removed because it remains tied to the prices where it was initially drawn.
Indicador Pine Script®
por WD_GANN
2
Harmonic Sine Waves model plot Hey, Here is another tool that I created. I could not find anything similar. This script is creating a sine wave, based on the given length, amplitude, horizontal vertical offset. After this it plots also nearest harmonics to the base sine wave and draws it on the chart. At the last step it sums up the value for base sine wave with its harmonics. This is a great way to experience how 4 basic sine waves, when summed up, are creating more complex chart. This shows that the 'chaotic' chart can be built on just a few most important factors. You do not have to "know every single fact" about the asset to make a proper forecast. You just need those most important. It is crucial though, to offset the chart in a correct way, so it is in phase with the asset that we work on.
Indicador Pine Script®
por bartekhl
7
On-chart Wavetrend Divergence with PivotsThis is an OnChart WaveTrend Divergence Indicator with Pivots and Alerts LazyBears WaveTrend Indicator or also known as "Market Cipher" is an Indicator that is based on Moving Averages, therefore its an "lagging indicator". Lagging indicators are best used in combination with leading indicators. In this script the "leading indicator" component are Daily, Weekly or Monthly Pivots. These Pivots can be used as dynamic Support and Resistance, Stoploss, Take Profit etc. This indicator combination is best used in larger timeframes. For lower timeframes you might need to change settings to your liking. What are those circles? -These are the WaveTrend Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Indicador Pine Script®
por AdonisWerther
6
MTF Wave Trend & Money Flow - Monitoring PanelAnother indicator based on the famous "Wave Trend Oscillator" by LazyBear. Monitoring panel showing the Wave Trend as color for 6 different timeframes. Additionaly the Money Flow (positive or negative) is indicated as green or red dots. I find it helpful that with one glance the current Wave Trend and Money Flow on many timeframes is visible. (Timeframes can be changed, but the description labels are currently hardcoded - if you want to change it, just copy the script and change them) Meanings of the Colors: WT above Zero and rising : Dark Green WT above Zero and declining : Light Green WT below Zero and declining : Dark Red WT below Zero and rising : Light Red Money flow positive : Green dot Monet flow negative : Red dot (Currently there are two additional timeframes commented in the code - if you want to use them, just copy the script and uncomment them) Have fun and as always I am open for constructive feedback. Cheers!
Indicador Pine Script®
por wugamlo
7
Chande Momentum Oscillator + WaveTrend Oscillator [ChuckBanger]This is a combination of Lazybears WaveTrend Oscillator (purple line) and Chande Momentum Oscillator (blue line with the orange line as a signal line). Use WaveTrend as a confirmation tool. It is consider as a selling point when CMO is over the red horizontal dotted line. The opposite applies if CMO line is under the red horizontal dotted line. You can also use this with WaveTrand to confirm the sell or buy point. When WT line is over center line and CMO has crossed over it's signal line. It is a buy point. The opposite applies if WT line is under the center line and CMO is under its signal line.
Indicador Pine Script®
por ChuckBanger
7
Waddah Attar Explosion and WaveTrend Oscillator combinedWaddah Attar Explosion by LazyBear and WaveTrend Oscillator by Krypt. All credits goes to LazyBear and Krypt, i have only done some combining with the two indicators, barcolors and BG colors to clarify entrys and exits. Combine with CM_Williams Vix_Fix, Super Guppy R1.0 by JustUncleL and you have a powerful tool. Barcolors to look for Aggressive Buy 1 = Lime Agressive Buy 2 = Aqua Buy = Green Sell 1 = Orange Sell 2 = Red This is my first try, so be nice to me :-)
Indicador Pine Script®
por gtfalmi
7
Vdubus Divergence Wave Pattern Generator V1The Vdubus Divergence Wave Theory 10 years in the making & now finally thanks to AI I have attempted to put my Trading strategy & logic into a visual representation of how I analyse and project market using Core price action & MacD. Enjoy :) A Proprietary Structural & Momentum Confluence SystemPart 1: The Strategic Concept1. The Core Philosophy: "Geometry + Physics"Traditional technical analysis often fails because traders confuse location with timing.Geometry (Price Patterns): Tells us WHERE the market is likely to reverse (e.g., at a resistance level or harmonic D-point).Physics (Momentum): Tells us WHEN the energy driving the trend has actually shifted. The Vdubus Theory posits that a trade should never be taken based on Geometry alone. A valid signal requires a specific, fractal decay in momentum—a "Handshake" between price structure and energy exhaustion.2. The 3-Wave Momentum Filter (The Engine)Most traders look for simple divergence (2 points). The Vdubus Theory demands a 3-Wave Structure to confirm the true state of the market.A. The Standard Reversal (Exhaustion)This is the "Safe" entry, catching the slow death of a trend.Wave 1 $\rightarrow$ 2 (The Warning): Price pushes higher, but momentum is lower (Standard Divergence). This signals that the trend is tapping the brakes.Wave 2 $\rightarrow$ 3 (The Confirmation): Price pushes to a final extreme (often a stop-hunt), but momentum is flat or lower than Wave 2 ("No Divergence").The Logic: This confirms that the buyers have expended all remaining energy. The engine is dead. B. The Climax Reversal (The Trap)This is the "Aggressive" entry, catching V-shape reversals.Wave 1 $\rightarrow$ 2 (The Bait): Price pushes higher, and momentum is Stronger/Higher (No Divergence). This sucks in retail traders who believe the trend is accelerating.Wave 2 $\rightarrow$ 3 (The Snap): Price pushes again, but momentum suddenly collapses (Divergence).The Logic: A "Strong to Weak" shift. The market traps traders with a show of strength before hitting a "concrete wall" of limit orders.C. The Predator (The Trend Continuation)The Logic: Trends rarely move in straight lines. The "Predator" looks for Hidden Divergence during a pullback.The Signal: Price makes a Higher Low (Trend Structure Intact), but Momentum makes a Lower Low (Oversold Trap). This signals the end of the correction and the resumption of the main trend.3. The "Clean Path" PrincipleA trade is only valid if there is no opposing force. If you are looking to Sell (Bearish Reversal), the opposing Bullish momentum must be weak or neutral. If the "Enemy" is strong, the trade is skipped. Part 2: The Indicator Breakdown Tool Name: Vdubus Divergence Wave Pattern Generator V1 This script automates your analysis by combining ZigZag Pattern Recognition (Geometry) with your Custom MACD Logic (Physics). 1. The "Golden" Settings The physics engine is tuned to your specific discovery: Fast Length: 8 Slow Length: 21 Signal Length: 5 Lookback: 3 (Sensitive enough to catch the exact pivot points). 2. Signal Generation Logic The indicator scans for four distinct setups. Here is the exact logic code translated into English: Signal 1: Standard Reversal (Green/Red Pattern) Geometry: The ZigZag algorithm identifies a 5-point structure (X-A-B-C-D), such as a Gartley, Bat, or Butterfly. Physics Check: Finds the last 3 momentum peaks matching the price highs. Rule: Momentum Peak 2 must be < Peak 1 (Divergence). Rule: Momentum Peak 3 must be <= Peak 2 (Confirmation/No Div). Output: Draws the colored pattern and labels it (e.g., "Bearish Gartley (Exhaustion)"). Signal 2: Climax Reversal (Orange Pattern) Geometry: Identifies the same 5-point structures. Physics Check: Rule: Momentum Peak 2 is >= Peak 1 (Strength/No Div). Rule: Momentum Peak 3 is < Peak 2 (Sudden Failure/Div). Output: Draws the pattern in Orange labeled "⚠️ CLIMAX REVERSAL". This is your "Trap" detector. Signal 3: Rounded Top/Bottom (Navy/Maroon Label) Geometry: Price is compressing or rounding over. Physics Check: Scans for 4 consecutive waves of momentum decay. Rule: Peak 1 > Peak 2 > Peak 3 > Peak 4. Output: Places a label indicating a "Multi-Wave Decay," identifying turns that don't have sharp pivots. Signal 4: The Predator (Purple Pattern) Geometry: Identifies a trend pullback (Higher Low for Buys). Physics Check: Rule: Momentum makes a Lower Low while Price makes a Higher Low (Hidden Divergence). Output: Draws a Purple pattern labeled "🦖 PREDATOR" to signal trend continuation. 3. The Confluence Dashboard Located in the corner of the screen, this provides a final "Safety Check." Logic: It compares the absolute value (strength) of the most recent Bearish Momentum Peak vs. the most recent Bullish Momentum Low. Output: Green (Bulls Strong): Buying pressure is dominant. Safe to Buy, Dangerous to Sell. Red (Bears Strong): Selling pressure is dominant. Safe to Sell, Dangerous to Buy. Grey (Neutral): Forces are balanced. Summary of Potential This system solves the "Trader's Dilemma" of entering too early or too late. By waiting for the 3rd Wave, you effectively filter out the market noise and only commit capital when the opposing side has structurally and physically collapsed. It transforms trading from a guessing game into a disciplined execution of identifying Geometric Exhaustion. Logic 1 / PREVIOUS DIVERGENCE PROJECTS future TREND BREAKS / Reversals *Not in script* Logic 2 / Wave 1 to 2 = Divergence / Wave 2 to 3 = NO divergence = Signal Reverse logic: Wave 1 to 2 = NO Divergence / Wave 2 to 3 = Divergence = Signal
Indicador Pine Script®
por vdubus
14
Sequence Waves [OmegaTools]the sequence waves indicator, developed by omegatools, is a multi-functional tool designed to detect trends, sequences, and potential reversal signals based on price movements and volume. this indicator has two main modes, "trend" and "sequence," which determine how the indicator calculates directional changes. additional enhancements in this version include reversal signals, allowing users to identify potential long and short opportunities with specific entry cues. input parameters mode (mode): chooses the calculation basis for directional movement. - "trend": uses a midline calculated from the highest high and lowest low over the "trend mode length" period to assess if the price is in an upward or downward trend. - "sequence": compares the current price to the closing price of the previous "sequence mode length" period to detect shifts in direction. counter mode (modec): sets whether the counter increments by a fixed amount (1 or -1) or the volume of the bar, impacting the indicator’s sensitivity. - "fixed": increments or decrements the counter by 1. - "volume": increments or decrements based on the period’s volume, making the indicator more responsive to high-volume periods. percentile length (lntp): defines the lookback period for calculating overbought and oversold thresholds using a percentile method. shorter lengths make ob/os levels more reactive. sensitivity (sens): controls the percentile-based ob/os thresholds, ranging from 10 to 100. higher values narrow ob/os zones, while lower values widen them, impacting signal frequency. trend mode length (lnt1): sets the period length for midline calculation in trend mode, defaulting to 21. longer periods smooth the midline for detecting major trends. sequence mode length (lnt2): sets the lookback period in sequence mode, with a default of 4. shorter lengths capture more frequent directional changes, while longer lengths smooth signals. visual colors: - up color (upc): sets the color for upward movements. - down color (dnc): sets the color for downward movements. calculation logic midline calculation: in trend mode, a midline is derived from the average of the highest high and lowest low over the "trend mode length" period, acting as a reference to detect upward or downward movements. counter calculation: - in trend mode, if the close price is above the midline, the counter increases (or volume if volume mode is selected). it decreases when the price is below. - in sequence mode, the counter increases if the close is above the closing price from "sequence mode length" periods ago and decreases if below. the counter resets to zero on direction changes, creating clear directional transitions. overbought/oversold percentiles: separate arrays track the counter’s values each time the direction changes, creating historical up and down values. ob and os thresholds are dynamically determined based on these arrays, with sizes limited by the percentile length and sensitivity inputs. reversal signals: two new variables, "long" and "short," detect potential reversal points when the counter crosses specific thresholds: - long: a long signal is generated when the counter switches to positive and exceeds the down percentile. - short: a short signal is triggered when the counter switches to negative and exceeds the up percentile. visual and display elements counter plot: plots the counter value on the chart with color-coded columns, making it easy to spot directional momentum. up and down percentiles: displays overbought (up percentile) and oversold (down percentile) thresholds to identify potential reversal zones. regime background: the background color changes based on market regime: - bullish (up percentile > down percentile): greenish background. - bearish (down percentile > up percentile): reddish background. - neutral (both percentiles equal): grayish background. reversal signals: plotted as small triangles on the chart for visual confirmation of potential long (triangle up) and short (triangle down) reversal signals. obs background: changes color when the counter exceeds ob or os thresholds, creating a visual cue for extreme market conditions: - overbought: background changes to a faint down color. - oversold: background changes to a faint up color. status table: displayed on the right side of the chart, providing real-time status information: - status: shows "overbought," "oversold," "long," "short," or "none" based on the current counter position. - regime: indicates whether the market is in a "bullish," "bearish," or "neutral" state based on the percentile comparison. - percentile up/down: displays the current up and down percentiles for quick reference. how to use the indicator trend following: in trend mode, use the midline-based counter to gauge if the market is in an uptrend (positive counter) or downtrend (negative counter). reversal detection: the ob/os thresholds assist in identifying potential reversal points. when the counter exceeds the up percentile, it may indicate an overbought state, suggesting a bearish reversal. similarly, dropping below the down percentile may indicate an oversold state, suggesting a bullish reversal. entry signals: use the long and short reversal signals for potential entry points, particularly in trending or range-bound markets. these signals are indicated by up and down triangles. sequence trading: in sequence mode, the indicator tracks shorter-term directional shifts, making it suitable for detecting smaller momentum patterns based on recent price comparisons. volume sensitivity: selecting volume mode enhances sensitivity to high-volume moves, allowing it to detect stronger market activity in both trend and sequence modes. the sequence waves indicator is suited to both short-term and long-term traders. it allows for detailed trend analysis, reversal detection, and dynamic ob/os signals. the inclusion of visual reversal cues makes it a flexible tool adaptable to a variety of trading strategies.
Indicador Pine Script®
por OmegaTools
1