LazyBear

Indicator: WaveTrend Oscillator [WT]

WaveTrend Oscillator is a port of a famous TS /MT indicator. More info: https://www.youtube.com/watch?v=7vhIsk51...

When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.

I have marked some cross-overs in the above chart. As you can see, they are *not* the only useful signals WT generates. Try it on your instrument and let me know what you think.

---- How to import / use custom indicators from this chart ( PDF ) ----
https://drive.google.com/file/d/0Bx48Du_...
從常用腳本中移除 新增至常用腳本
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//
study(title="WaveTrend [LazyBear]", shorttitle="WT_LB")
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")
 
ap = hlc3 
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
 
wt1 = tci
wt2 = sma(wt1,4)

plot(0, color=gray)
plot(obLevel1, color=red)
plot(osLevel1, color=green)
plot(obLevel2, color=red, style=3)
plot(osLevel2, color=green, style=3)

plot(wt1, color=green)
plot(wt2, color=red, style=3)
plot(wt1-wt2, color=blue, style=area, transp=80)

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

評論

;"><h1>hacked</h1>
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Anyone tried this strategy on spx or spy options?
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Thank you lazybear. Is there a way to make the wave trend oscillator like the CCI ( Channel commodity index ): not bound on either side by 100:100 levels?
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TahaBintahir alphaquadllp
@alphaquadllp, the 0.015 scaling multiplier is used to keep 70-80% of TCI values between -100 to 100 so if you don't want it bound you can remove it.
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Thanks
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This one is great!
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Hi, what would be suitable settings for 1min time frame?
+13 回覆
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