Direction Analysis Waves

2023年2月21日

Description

It is an indicator that aims to provide information about the direction of the trend, the basis of which is the CCI, CMO and MFI indices.
Symbols on the indicator are for informational purposes. Information about colors and symbols is given below.

• Blue Wave: Graphical representation of the Commodity Channel Index (CCI) curve.
  
• Green/Red Wave: Graphical representation of the Chande Momentum Oscillator (CMO) curve. This curve turns green when it rises above zero, and turns red when it falls below zero.
  
• Yellow Wave: Graphical representation of the Money Flow Index (MFI) curve.
  
• Blue Line: CCI line.
  
• Green/Red Cross: CCI line shows green cross on red cross below 0 value.
  

Warning

As a result, this indicator should be expected to give an idea of the trend direction, not a trading signal.


Version

v1.0

2023年3月4日

發行說明

• [ADDED] Added horizontal lines above 200 and -200 values.
  

2023年3月18日

發行說明

• Values showing the amount of change according to the previous position of the line on the Commodity Channel Index (CCI) line have been added.
  
• 30 < Blue
  
• 30 - 50 Yellow
  
• 50 - 70 Orange
  
• 70 > Red
  

2023年4月14日

發行說明

• Objects on the display can be turned on or off from the settings menu and their colors can be changed.
  

2023年4月21日

發行說明

• CCI length has been increased from 13 to 14 as it gives more accurate results.
  

2023年5月13日

發行說明

• Title edited.
  

2023年6月11日

發行說明

• Added numbers indicating possible strength of direction.
  

2023年6月11日

發行說明

• The numbers showing the possible strength of the direction have been recalculated.
  

2023年6月11日

發行說明

• Improved the intersection of CCI waves.
  
• Changes were made to the line color as CCI cut the overbought and oversold lines.
  

2023年6月25日

發行說明

• Wave return levels have been improved.
  

2023年8月31日

發行說明

Multiplier values have been removed.

2023年9月17日

發行說明

ohlc4 and hlc3 values have been updated to produce values according to standard candlestick charts, independent of candlestick charts.

2024年7月12日

發行說明

• Removed invalid variables
  

2024年7月12日

發行說明

• Changed Indicator Title
  

2024年7月15日

發行說明

• The bug that caused incorrect counting backwards of numbers has been fixed.
  

2024年7月15日

發行說明

• Fixed rutime error.
  

2024年8月13日

發行說明

• Added Turn Signal Type options.
  

2024年8月17日

發行說明

• The isCCILine option now also affects the visibility of symbols belonging to the CCI line.
  

2024年9月5日

發行說明

• A line called the Trend Index has been added, which moves between -200 and 200 and gives information about the depth of the trend, indicating overbought when it approaches 200, and oversold when it approaches -200.
  

2024年9月6日

發行說明

• Fixed MFI values.