This is a script for beta testing only.
wave momentum oscillator, with volatility and divergence detection and short term and long term reversal signals reversal signals. Mainly used to signal reversals (major and minor), to be used in conjunction with Trend, CyclePhase and Volume indicators
wave momentum oscillator, with volatility and divergence detection and short term and long term reversal signals reversal signals. Mainly used to signal reversals (major and minor), to be used in conjunction with Trend, CyclePhase and Volume indicators
Versionsinformation:
divergence on faster oscillator
optimised filter for momentum trend reversals (blue/red dots) -- filter settings can be changed in the "Strength Cutoff" box, default is 0.53
optimised filter for momentum trend reversals (blue/red dots) -- filter settings can be changed in the "Strength Cutoff" box, default is 0.53
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added short term (shaded background at extremes) and longer term (shaded background) overbought/oversold indications
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updated reversal signal algo
update long term/short term overbought/sold conditions
update long term/short term overbought/sold conditions
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update
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v5.2
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v5.2
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v5.2
fiter signals
fiter signals
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fix
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def cycle length increased to 52
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added pivot divs
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changed extreme conditions to shaded areas
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momentum push blocks added