This is similar to regular WaveTrend Oscillator except:
- replaces hlc3 input with a weighted log formula for better stability/performance on high volatility charts - zero-centered scaling - SMA crossovers above and below OB/OS thresholds are marked as buy/sell signals
Versionsinformation
⋅
Use SMA curvature information to filter out buy/sell signals likely to be false positives
Versionsinformation
⋅
Rename some chart objects
Versionsinformation
⋅
Long/Short signal now captures some cases of bullish and bearish divergences
Versionsinformation
⋅
Use extra signal smoothing and extra momentum check for curvature
Versionsinformation
⋅
improve buy/sell signals
Versionsinformation
⋅
don't make helper elements editable
Versionsinformation
⋅
start drawing signal earlier, perform averaging on cross steps for more stable bullish/bearish divergence detection
Versionsinformation
⋅
use a 1+2 formula for curvature
Versionsinformation
⋅
Default to lower smoothing to still show something on the chart in the beginning
Versionsinformation
⋅
switch back to 4 for default SMA length
Versionsinformation
⋅
Improve sensitivity in the beginning of the chart
Versionsinformation
⋅
add comment
Versionsinformation
⋅
Replace final EMA smoother with Ehlers' smoother for higher sensitivity
Versionsinformation
⋅
Ignore first candle
Versionsinformation
⋅
reduce default smoothing slightly and allow zero smoothing
Versionsinformation
⋅
do not count MA cross above overbought level as bottom, and likewise do not count count MA cross below oversold level as top.
Versionsinformation
⋅
Simplify generation of buy/sell signals
Versionsinformation
⋅
fix how continues climb/descent is determined
Versionsinformation
⋅
detect hidden divergences
Versionsinformation
⋅
Update colors to make this indicator suitable for either light or dark T/V color modes
This is by far one of the best wave Trend tools I've used - Thank you !
lovelycococo
⋅
I like this yours best.
To change this indicator to the Fine 4 version
res = na
res := mult * src + (1.0-mult) * nz(res[1], src)
==> How should I change it?
breathe67
⋅
Great tool, thank you!
ghost420
⋅
thx for all!!
slos80
⋅
hi, how come some signals are inside the o/s and o/b range? how do i set alerts for buy and sell signals please? which condition is that? thank you, awesome tool!
haagendazs
⋅
@slos80, I was able to figure out the alerting for this amazing indicator, beyond just watching for the signal line crossing the SMA line.
For "Buy" signals, use this condition:
1. WT_Krypt -> Buy Signal
2. Less Than
3. WT_Krypt -> Signal
For "Sell" signals, use this condition:
1. WT_Krypt -> Sell Signal
2. Greater Than
3. WT_Krypt -> Signal
Jpdeletraz
⋅
@haagendazs, Hey Thanks for sharing :) for the options section which one do you recommend, at bar close? or is there a better option for getting better entries.
Thank you in advance
arttus
⋅
Great! Definitely will be adding this to my standard toolset.