WaveTrend - Market Cipher BHey guys,
Just releasing a quick copy of LazyBear's wavetrend indicator slightly modified to be more reactive and contains a few other extras for people who don't have pro like a stochastic and RSI indicator above the wave to find more confluence.
The indicator will show crosses but shows them below the indicator as well if they are stronger removing some noise.
在腳本中搜尋"wave"
WaveTrend Oscillator V2Version 2 of the Wave Trend Indicator now includes a test strategy feature.
Same Entry and Exit Conditions as before. These values can be adjusted to pick up higher bottoms if needed. This strategy appears to work well with Cannabis stocks and has been tested out with TSX:ACB , TSX:HEXO , TSX:CRON , TSXV:OGI just to name a few.
Entry and Exits:
Entry when Wave cross occurs below or within the bottom band
Exit when Wave cross occurs above or within the top band
Alert Settings:
"Buy" is less than "Over Sold Top"
"Sell" is greater than "Over Bought Bottom"
As always, trade at your own risk. Recommended to confirm entry and exits with other oscillators such as Stochastic, RSI or MACD.
WaveTrend OscillatorSimilar to other Wave Trend Oscillators out there but I added "Buy" & "Sell" signals and alerts can set as well.
Entry and Exits:
Entry when Wave cross occurs below or within the bottom band
Exit when Wave cross occurs above or within the top band
Alert Settings:
"Buy" is less than "Over Sold Top"
"Sell" is greater than "Over Bought Bottom"
WaveTrend with Pump Candle Rejection [Reuter]This is my first script, a strategy I tested on the ADABTC pair, 30m Time Frame.
To made this strat I used the Wave Trend Oscillator from LazyBear and some calculations to measure the confirmation candle and the previous candle.
The idea for this strat is to enter the market on a lower level through the wt1-wt2, catching a possible bounce back. For us to not get so much in trouble, I made a candle meter, so we don`t enter on a pumped candle.
It`s a simple script, you can apply to other pair and markets, but you need to play around with the settings to match the best conditions. Still have to see if I can minimize the bear market buys with other indicator.
If you liked my idea and it helped you give this strat a like!
BTC: 3HDgosPC7s45D2nAC6pUfFuyt5ZS94wrBQ
Nano: xrb_3qr1aa4ey6odbxr1hrrthehg3oif58sgreopbj4i74d7wqs1bmbxmmuaicse
Wave Surge [UAlgo]The "Wave Surge " is a comprehensive indicator designed to provide advanced wave pattern analysis for market trends and price movements. Built with customizable parameters, it caters to both beginner and advanced traders looking to improve their decision-making process.
This indicator utilizes wave-based calculations, adaptive thresholds, and volume analysis to detect and visualize key market signals. By integrating multiple analysis techniques.
It calculates waves for high, low, and close prices using a configurable moving average (EMA) technique and pairs it with volume and baseline analysis to confirm patterns. The result is a robust framework for identifying potential entry and exit points in the market.
🔶 Key Features
Wave-Based Analysis: This indicator computes waves using exponential moving averages (EMA) of high, low, and close prices, with an adjustable wave period to suit different market conditions.
Customizable Baseline: Traders can select from multiple baseline types, including VWMA (Volume-Weighted Moving Average), EMA, SMA (Simple Moving Average), and HMA (Hull Moving Average), for trend confirmation.
Adaptive Thresholds: The adaptive threshold feature dynamically adjusts sensitivity based on a chosen period, ensuring the indicator remains responsive to varying market volatility.
Volume Analysis: The integrated volume analysis calculates volume ratios and allows traders to enable or disable this feature to refine signal accuracy.
Pattern Recognition: The indicator identifies specific wave patterns (Wave 1, Wave 3, Wave 4, Wave 5, Wave 6) and visually plots them on the chart for easy interpretation.
Visual and Color-Coded Signals: Clear visual signals (upward and downward arrows) are plotted on the chart to highlight potential bullish or bearish patterns. The baseline is color-coded for an intuitive understanding of market trends.
Configuration: Parameters for wave period, baseline length, volume factors, and sensitivity can be tailored to align with the trader’s strategy and market environment.
🔶 Interpreting the Indicator
Wave Patterns
The indicator detects and plots six unique wave patterns based on price changes that exceed an adaptive threshold. These patterns are validated by the direction of the baseline:
Wave 1 (Bullish): Triggered when the price increases above the threshold while the baseline is falling.
Wave 3, 4, and 6 (Bearish): Indicate potential downtrends validated by a rising baseline.
Wave 5 (Bullish): Suggests upward momentum when prices exceed the threshold with a falling baseline.
Baseline Trend
The baseline serves as a trend confirmation tool, dynamically changing color to reflect market direction:
Aqua (Rising): Indicates an upward trend.
Red (Falling): Indicates a downward trend.
Volume Confirmation
When enabled, the volume analysis feature ensures that signals are supported by significant volume movements. Patterns with high volume are considered more reliable.
Signal Visualization
Upward Arrows (🡹): Highlight potential bullish opportunities.
Downward Arrows (🡻): Highlight potential bearish opportunities.
Alerts
Alerts are triggered when key wave patterns are identified, providing traders with timely notifications to take action without being tied to the screen.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
RSI Momentum Waves [Quantigenics]RSI Momentum Waves Indicator
The RSI Momentum Waves Indicator is your intuitive tool for visualizing market strength and trend persistence. It refines the classic RSI by smoothing the data with Exponential Moving Averages (EMAs), which help clear out the noise to give you a more accurate picture of where the market’s heading. The parameters - RSI Period, Smoothing Period, Overbought, Oversold, Upper Neutral Zone, and Lower Neutral Zone - are all adjustable, so you can tailor the indicator to different market conditions or your trading style.
How It Works:
RSI Period (RsiPer): Adjusts how far back the RSI looks to calculate its value, affecting its sensitivity.
Smoothing Period (SmoothPer): Dictates how smooth the EMA lines are, balancing between sensitivity and noise reduction.
Overbought (OBLevel) / Oversold (OSLevel) Levels: Set the thresholds where the market might be too stretched in either direction and due for a reversal.
Neutral Zones (UpperNZ / LowerNZ): Define the areas where the market is considered neutral, and trend strength is less clear.
Trading Instructions:
Use the RSI Momentum Waves to gain insights into the market’s momentum and make informed decisions:
For Trend Identification: If the waves are consistently above the 50 line and climbing, the market may be bullish; if below and declining, bearish signals are suggested.
Overbought and Oversold Regions: Entering these areas might indicate a potential reversal. A peak and downturn in the overbought region can signal a sell, while a trough and upturn in the oversold region can indicate a buy.
Neutral Zone Caution: In the neutral zones, exercise caution and wait for a breakout in either direction for stronger signals.
Confirm with Other Analysis: Never rely solely on one indicator. Confirm the RSI Momentum Waves signals with other technical indicators or fundamental analysis for best practices.
Remember, the goal is to detect the rhythm of the market’s momentum and act accordingly. Happy trading!
Wave Pendulum Trend [QuantraSystems]Wave Pendulum Trend
Introduction
The Wave Pendulum Trend (𝓟𝓮𝓷𝓭𝓾𝓵𝓾𝓶 𝓣𝓻𝓮𝓷𝓭) extrapolates market trends using physical principles derived from waves and pendulums. This indicator is a bespoke build, and its performance and behavior cannot be compared to existing indicators.
It is designed for trend following but is also effective for identifying mean reversions, momentum strength, and shows range-bound market periods within the dynamic bands.
In order to ascertain a smooth yet rapid trend direction of the market, the 𝓟𝓮𝓷𝓭𝓾𝓵𝓾𝓶 𝓣𝓻𝓮𝓷𝓭 combines several factors. A bespoke set of functions captures the momentum of price movements and dynamically weighs it over time. The indicator then extrapolates acceleration from the change in delta of price movements.
Legend
With bar coloring enabled, the price section mirrors current trend conditions. Please keep this feature disabled if you intend to use multiple indicators to avoid confusion.
The 𝓟𝓮𝓷𝓭𝓾𝓵𝓾𝓶 𝓣𝓻𝓮𝓷𝓭 presents extensive market insights. The purple and green bands around the oscillator signal the selected standard deviation (default σ = 2), for the trader to calculate how common the trending movements are in relation to the selected asset’s history.
The inner, dynamic thresholds, indicated by the blue “Range-bound market” label in the graphic above, border the area that signals a ranging market if both 𝓐𝓬𝓬𝓮𝓵𝓮𝓻𝓪𝓽𝓲𝓸𝓷 and 𝓜𝓸𝓶𝓮𝓷𝓽𝓾𝓶 signals remain inside. If either line exceeds these thresholds, care is advised as a shift in market behavior is underway.
“Trend strength” in the graphic provides a good estimate for the trending movements strength.
If the signal lines exceed the set standard deviation in non-classic mode, a reversal is very likely.
Case Study
As shown in the above case study we see two profitable swing trades on the 4H chart of Ethereum. Please note the display variant here is set to “Heikin-Ashi”.
We always recommend using a multitude of indicators to attain multiple signals on the likelihood of opening the correct position. However, this standalone scenario serves as an example on how the 𝓟𝓮𝓷𝓭𝓾𝓵𝓾𝓶 𝓣𝓻𝓮𝓷𝓭 added two profitable swing trades.
The first short trade was opened after the 𝓐𝓬𝓬𝓮𝓵𝓮𝓻𝓪𝓽𝓲𝓸𝓷 and 𝓜𝓸𝓶𝓮𝓷𝓽𝓾𝓶 reversed after crossing the threshold of standard deviation. This trade offered a late entry only, these two factors were followed late by the third signal in this case – the trend reversal. Such a trade would require additional indicators to signal at the same time, so the trader can get more confirmations. The trade was closed after 6D with an 8% gain on a 1x short position.
The second trade is a long position that enters in the same manner. The trader takes the reversal beyond the select standard deviation as a likely entry. After 7D a triple confirmation was received, as indicated by the triangle, that a reversal or at least a plateau is extremely likely. The trade was closed after 7D with a 17.23% gain on a 1x long position.
Recommended Settings
Trend Following / Investing (1D chart)
Please use the default settings!
Swing Trading (4H chart)
Wave MA - Type: TEMA
Wave MA – Length: 30
Display Variant: Heikin-Ashi
Bar Coloring: Off
Choose Mode for Coloring: Signal
Notes
Quantra Standard Value Contents:
The Heikin-Ashi (HA) candle visualization smoothes out the signal line to provide more informative insights into momentum and trends. This allows earlier entries and exits by observing the indicator values transformed by the HA.
Various visualization options are available to adjust the indicator to the user’s preference: Aside from HA, a classic line, or a hybrid of both.
A special feature of Quantra’s indicators is that they are probabilistically built - therefore they work well as confluence and can easily be stacked to increase signal accuracy.
To add to Quantra's indicators’ utility we have added the option to change the price bars colors based on different signals:
Settings: TEMA and DEMA length settings should be longer compared to other Moving Averages (MAs). Due to its complex calculations, the indicator requires a larger amount of historical data for accurate computation.
Sensitivity to Divergences: The Wave Pendulum Trend is particularly sensitive to divergences, making it a useful tool in spotting potential trend reversals or continuations.
Trend Following and Reversions: While it is primarily used for trend following, it also excels in identifying market reversions.
Momentum and Acceleration: The interaction between momentum and acceleration is a key feature of this indicator.
Visualization: The indicator offers various visualization options, including bar coloring based on HA Candles and extremes and trends. It also introduces a novel approach to visualizing the oscillator in the "Classic" mode and provides an adjustable Standard Deviation (SD) measure for reversal signals in non-classic modes.
Choose Mode for Coloring
Trend Following (Indicator above mid line counts as uptrend, below is downtrend)
Extremes (Everything beyond the SD bands is highlighted to signal mean reversion)
Candles (Color of HA candles as barcolor)
Reversions (Only for HA) (Reversion Signals via the triangles if HA candles change trend while beyond the SD bands, high probability entries/exits)
Methodology
The methodology behind the Wave Pendulum Trend is inspired by wave and pendulum theories to extrapolate market moves. By calculating the momentum and its acceleration from price data, it provides a nuanced view of the market trend.
Traders should observe the color coding, which reflects the interplay between momentum, acceleration, and set thresholds for acceleration. The Signal Mode is particularly useful for quickly identifying trend, momentum, and acceleration exhaustions.
Additionally, the indicator can help filter out ranges with insufficient momentum acceleration. Traders are encouraged to experiment with this mode and adjust the threshold settings to suit their strategies.
Wave Fusion By CryptoScriptsThe Wave Fusion indicator is finally here! This indicator is a combination of the Wave Strength Oscillator and RSVP Extractor. It used a combination of momentum waves, volume, price, RSI, and statistical analysis to help nail down whenever the current price is overextended and due for a reversal. I'm currently using the 1D timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them!
Oversold (Green shaded area) - The oversold indication appears whenever all oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Overbought (Red shaded area) - The overbought indication appears whenever all oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Green Diamond - The green diamonds indicate whenever one or more oscillators are oversold AND one or more oscillators are outside of the bollinger bands, which is great for catching reversals to the upside. These may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Diamond - The red diamonds indicate whenever one or more oscillators are overbought AND one or more oscillators are outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Rocket - The rocket symbol occurs whenever ALL oscillators are oversold and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Alarm - The red alarm symbol occurs whenever ALL oscillators are overbought and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Moon - The Moon symbol occurs whenever ALL oscillators are oversold and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Blood Moon - The red alarm symbol occurs whenever ALL oscillators are overbought and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Strongest to Weakest Buy Signals - Moon --> Rocket --> Green Diamond --> Green Shaded Area
Strongest to Weakest Sell Signals - Blood Moon --> Red Alarm --> Red Diamond --> Red Shaded Area
Input Options
Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!)
Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals
Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you
Momentum Length - This will change where the signals plot
Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation
Average Length - This will change where the signals plot
Alerts
I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm, Moon , Blood Moon). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed.
You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the MFI Pro, MACD, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator works with crypto and stocks as well.
If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic)
Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose.
Enjoy :)
Tom Joseph MACD 5-35 for Elliot WavesThis oscillator for the Elliott Theory has been invented by Tom Joseph and it's useful to correctly count the impulsive and corrective waves.
Its difference compared to a simple MACD is the peculiarity to use the ratio between the Fast SMA (default period set to 5) and the Slow SMA (default period se to 35).
The used formula is as below:
( (fast_SMA / slow_SMA) -1 ) * 100
Hope you could find it useful! 😉
Wave Trend OscillatorThis is a very standard version of the Wave Trend Oscillator.
The Channel and Average values are displayed as lines, most people display them as areas.
The Channel and Average difference is displayed as a histogram, most people display it as a tiny noisy area.
I was unable to find a standard version of the Wave Trend Oscillator.
The colorful hyped up versions of this indicator made me feel like a clown while using them.
I have essentially copied the style of the MACD with this indicator, to keep things professional.
With this WTO, you can change the timeframe and source.
You can also change the histogram average length and multiplier, making it usable.
The typical way that people display the histogram is completely unusable and just for appearance.
Now it does a decent job showing when the momentum of the WTO's downward movement is slowing down, just like how the MACD histogram works.
This indicator is essentially a normalized MACD, though they are calculated differently.
The Wave Trend Oscillator is useful for spotting/monitoring changed in mid-trend momentum.
In my experience, divergence in this indicator is a strong signal.
If the MACD is too slow for you, then this is a great alternative; without all the extra fluff people usually add to it.
Wave MasterThis indicator is built on Stochastics and pulls data from multiple timeframes to give you a birds eye view on where your asset is at a point in time. There are several factors that go into this indicator:
OVERBOUGHT
When all waves have all migrated to the overbought area, this is a high probability area to go short or take profit off the table.
OVERSOLD
When all waves have migrated to the oversold area, typically this indicates a high probability place to take a long position or purchase some equity.
VISUAL AIDS
Several visual aids have been included in this indicator to assist you, as a trader, to help you easily see what is going on.
Upper/Lower Dots - Green/Yellow/Red dots indicate a cross has occurred. Each color corresponding with the wave in the indicator
Color Coded Background - Red indicates green/yellow wave have gone into overbought territory and green background indicates green/yellow wave have gone into oversold territory. White slices in the background indicate the green has crossed (while in overbought/oversold)
12h/daily candle confirmation - When the 12hr (crypto) or daily (stocks) have crossed, a bright green or bright red candle will appear in the chart to help you indicate a potential for a change in trend
Simple Wave Trend Wave Trend Oscillator with minimal functionality.
- Change color by crossing
- Overboughtr and Oversold band
- Zero line
WaveTrend Oscillator v2 [Aspenforest]This is your regular WaveTrend Oscillator, which was originally scripted by LazyBear, but I updated the source code to Pine Script version 4, refactored the logic, and made the indicator more aesthetically pleasing.
WaveTrend+ Alerts [SystemAlpha]This is the alert companion of the WaveTrend+ Strategy . Instead of using just the normal crossovers, we use trend filters, trailing stop loss and take profit targets. WT+ Strategy was developed for crypto, forex and stocks for 15 minutes to daily timeframe. The main goal was to catch long term trends and ride them.
In this alert you have a choice of:
Trend Filters:
- Average Directional Index (ADX) – buy when price is trend is up and sell when trend is down.
- Moving Average (MA) – buy when price close above the defined moving average and sell when price close below moving average
- Parabolic SAR – buy when SAR is above price is above price and sell when SAR is below price.
- All - Use ADX, MA and SAR as filters
For MA Filter , you can use the “TF MA Type” and "TF MA Period" parameter to select Simple or Exponential Moving Average and length.
Stop Loss:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Parabolic SAR (SAR) – Parabolic SAR adapted as trailing stop loss.
For ATR , you can use the “ATR Trailing Stop Multiplier” parameter to set an initial offset for trailing stop loss.
Take Profit Target:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Standard % – Percent as target profit
For ATR , you can use the “ATR Take Profit Multiplier” parameter to set an initial offset for trailing stop loss.
Additional feature include:
- Regular and Hidden Divergence display and alerts
- Filter Overbought and Oversold
- Use WT Cross for Exit
TradingView Links:
WT+ Oscillator:
How to use:
1. Apply the script by browsing through Indicators --> Invite-Only scripts and select the indicator
2. Once loaded, click the gear (settings) button to select/adjust the parameters based on your preference.
3. Wait for the next BUY or SELL signal to enter the trade!
Disclaimer:
The indicator and signals generated do not constitute investment advice; are provided solely for informational purposes and therefore is not an offer to buy or sell a security; are not warranted to be correct, complete or accurate; and are subject to change without notice.
WaveTrend Oscillator w/ Short/Long/Close Alerts - WIPHigh TFs work best, but it works on any TF. I plan to continue releasing updates to it to improve overall form and function. Green Circles are Long Alerts, Red Circles are Short Alerts. Blue and Yellow Circles are Close Position Alerts. First Blue Circle After Red Circle would be Short Exit. First Yellow Circle After Green Circle would be Long Exit.
Original script was based on Lazybear Indicator-WaveTrend-Oscillator-WT Script. I have added and modified some code to my personal liking.
APEX - WaveTrend [v1]WaveTrend is a smoothed oscillator which enables it to detect true reversals in an extremely accurate manner. The beauty of this indicator is that does not generate signals during choppy sideways markets.
The basic settings are 10 / 3 / 4 these are very aggressive settings, that will generate a lot of signals in all even not so volatile markets. If you need high-quality signals you settings close to 10 / 3 /21. The strongest buy/sell signals are given when the cross occurs above or below the threshold. In the 10 / 3 / 4 you threshold for buy should be around -90 values. If you use the very smoothed variant the threshold will be around -45 to -50 values.
This indicator will be first available in APEX v1 currently being beta tested.
WaveTrend Oscillator (Dark Mode) [Krypt]My WaveTrend Oscillator indicator optimized for dark backgrounds. The light mode is available here:
WaveTrend Oscillator [Krypt]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
Elliott Wave Noise FilterElliott Wave Noise Filter
Overview
The Elliott Wave Noise Filter is a specialized indicator for TradingView, designed to solve one of the biggest challenges in Elliott Wave analysis on lower timeframes: the identification of market noise. By combining multiple advanced filtering techniques, this indicator helps distinguish meaningful price action from random fluctuations.
The Problem
On lower timeframes—especially below 15 minutes—Elliott Wave analysis is significantly impacted by excessive market noise. This noise can lead to misinterpretation of wave structures, making it difficult to execute reliable trading decisions.
The Solution
The Elliott Wave Noise Filter utilizes four powerful methods to detect and filter noise:
ATR-Based Volatility Analysis: Identifies price movements too small to be structurally meaningful
Volume Confirmation: Filters out price moves that occur with insufficient volume
Trend Strength Measurement (ADX): Detects periods of weak trend activity, where noise tends to dominate
Fractal Pattern Recognition: Marks significant turning points that could be relevant for Elliott Wave analysis
Features
Visual Indicators
Background Coloring: Red indicates noise; green signifies a clear signal
Hull Moving Average: Smooths price action and highlights the prevailing trend
Fractal Markers: Triangles mark significant highs and lows
Status Panel: Displays current noise status and ADX value
Customization Options
ATR Period: Adjust the lookback period for ATR calculations
Noise Threshold: Defines the percentage of ATR below which a movement is considered noise
Volume Filter: Can be enabled or disabled
Volume Threshold: Sets the ratio to average volume for a move to be deemed significant
Hull MA Display and Length: Configure the moving average settings
ADX Parameters: Adjust trend strength sensitivity
Use Cases
For Elliott Wave Analysis
Eliminate noise to identify cleaner wave structures
Use fractal markers as potential wave endpoints
Reference the Hull MA for determining the broader trend
For General Trading
Identify high-noise periods to avoid low-quality setups
Spot clearer market phases for better entries
Assess price action quality through visual cues
Multi-Timeframe Approach
Apply the indicator across different timeframes for a comprehensive view
Prefer trading when both higher and lower timeframes align with consistent signals
Optimal Settings
For Very Short Timeframes (1–5 minutes)
Higher Noise Threshold (0.4–0.5)
Longer ATR Period (20–30)
Higher Volume Threshold (1.0–1.2)
For Medium Timeframes (15–60 minutes)
Medium Noise Threshold (0.2–0.3)
Standard ATR Period (14)
Standard Volume Threshold (0.8)
For Higher Timeframes (4h and above)
Lower Noise Threshold (0.1–0.2)
Shorter ATR Period (10)
Lower Volume Threshold (0.6–0.7)
Conclusion
The Elliott Wave Noise Filter is an essential tool for any Elliott Wave analyst or trader working on lower timeframes. By reducing noise and emphasizing significant market movements, it enables more precise analysis and potentially more profitable trading decisions.
Note: As with any technical indicator, the Elliott Wave Noise Filter should be used as part of a broader trading strategy and not as a standalone signal for trade execution.
Elliot waves calibratorThis script is a part of the "Elliot waves" toolkit and need to be used with the "Elliot waves" script", because it's generating input parameters for the "Elliot waves" scripts.
You need to add script to chart and on the right bottom corner you can see table with calibration params. Those values you need to copy to "Elliot waves" script settings to see Elliot waves visualization on that chart.
Script settings:
Vertex filter - Value used in the "Elliot waves" script to filter highs and lows that are not an extreme over area width equal to vertex filter value. In edge cases it can change calbiration params. Both scripts should have set the same values of this param.
Troubleshooting:
In case of any problems, please send error details to the author of the script.
Wave Cycle StochasticThis is based of a modified stochastic numbers. The settings come from Barry Burn's foundation and advanced courses.
There are two stochastic indicators one on top of another. at the same time, you can turn off the lines and show the moving averages of percent D and percent K, this is something I added personally to farther investigate if they can be helpful or not.
Those who went through Barry's courses know that is oscillator is being used to find cycle high and cycle low in waves. Also Barry teaches what he calls mini-divergence and for that he uses this same oscillator. If you switch to weekly chart, the settings will automatically switch to those Barry teach for non 1 to 3 ratio situations so you don't need to worry about that. If seeing the higher time frame cycle indicator on the same oscillator is bothering you, you can again add another copy and only keep that one and turn off the rest.
Waves and Harmonic Patterns by BULL┃NETThe B | N WAHA (Waves and Harmonic Patterns by BULL | NET)
indicator provides traders using CFD brokers with the most significant price and time events from the stock exchange of the underlying original index or security. For example traders are able to easily identify the price at the Daily Open and Close time of up to three additional stock exchanges. Traders can choose from a huge list of options including the values from the current and previous Day, Week, Month and Year. In addition traders can enable the display of the Expected Move by either implied or historical volatility. The indicator can show Open Gaps (gap between close and open of two trading sessions) also which traders would usually see only on the original chart of an index or security.
The B | N WAHA indicator can help traders to make better entry decisions based on the real market sessions.
█ ⚠️ DISCLAIMER – READ BEFORE YOU USE ⚠️
█ FEATURES
— PATTERN OPTIONS
● Deviation for ratio calculation
Any pattern has a unique set of ratios for different retracements. In a perfect world each ratio would be hit exactly. But the stock market is far from perfect and especially in volatile markets ratios have to be adjusted. The default is 5%. The maximum is 10%
● (Name of pattern)
The list of patters recognized will grow with new versions of the indicator. The settings for each pattern are the same.
Each available pattern will be recognized and drawn by default. If you disable the checkbox in front of the pattern name the indicator will ignore this pattern completely no matter if another checkbox for this pattern is active.
● Developing
As soon as a new possible pattern is recognized, the indicator will draw a label at the starting point (0, A or X) of the pattern. For the indicator “possible” means there is only the last point missing, which is D in case of ABCD and XABCD patterns. Once the last point has reached the completion price range, the indicator will draw the pattern. If you enable this checkbox the indicator will draw a zickzack line between the already existing points.
● Projection
If there is a new possible pattern the indicator will draw a projection box to indicate the price range where the final point has to be located for completion of the pattern. Don’t confuse this with a buy or sell signal! The appearance of the box doesn’t tell anything about the chance of a pattern to get completed. It simply tells you that the price has to reach the box and to retrace within the box to form a valid pattern. This allows you to prepare a strategy if the price hits the box. If you disable the checkbox no box will be drawn.
● History
For backtesting or learning purpose you can display all historical occurrences of a pattern. Best practice is to disable all other patterns and enable the history checkbox only together with the checkbox of the patten name.
— PIVOPOINT OPTIONS
To identify patterns you need pivot points. True high and lows in the chart. If you use B | N GABO or B | N DESC you already know about this concept. The indicator is using three different levels of pivot points in parallel for better detection of patterns.
● Level 1
This is the fast running pivot level. You can choose from 2 to 4. Default is 3.
● Level 2
This is the pivot level with medium pace. Selectable levels are 5 to 9. Default is 5.
● Level 3
This is the slow running pivot level. The minimum level is 10, the maximum is 20. The default is 15.
● Pivotpoints
By default pivot points are not displayed on the chart because this ads a lot of noise. For backtesting and learning purposes you can enable this option.
● Label
● Text
● Size
This three settings define the appearance of the pivot points.
— HARMONIC PATTERN OPTIONS
The settings in this section control how the zickzack line of a pattern gets drawn on the chart. The settings for bullish and bearish pattern are identical.
● Show bullish/bearish pattern
By default both types of patterns are drawn on the chart. For backtesting or learning purpose you can disable it.
● Line
The color of the zickzack lines.
● ABC
The line style to connect points A, B and C.
● CD
The line style to connect points C and D.
● (Line Width)
The width of lines ABC and CD.
● Label
The color of the label for a completed pattern. This label marks starting point.
● Developing
The color of the label while a pattern is developing.
● Text
The color of the text in the label.
● (Text size)
The size of the text.
— HARMONIC PATTERN LABEL OPTIONS
The label which marks the start of a pattern can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable them all, the label will display the designation of the pattern starting point, e.g. “A” for an ABCD or “X” for an XABCD.
● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.
● Ratio
First this is the retracement level of point C from point B toward point A. It is the decimal value of the percentage. In a perfect world this would be 0.618 (61.8%). In volatile markets this can be as low as 0.382 and as high as 0.786. If Ratio is enabled BD ratio will get displayed as well once point D is about to complete a ABCD pattern.
● Tooltip
Enabled by default the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Perfect
If the pattern is formed “perfect” it will change its color to denote a possibly strong trend reversal. E.g. a perfect AB=CD is formed if the time and price difference between A and B is equal to the time and price difference between C and D. The calculation contains a 5% deviation to reflect usual market conditions.
— PROJECTION OPTIONS
If the “Projection” checkbox of a pattern is enabled (See PATTERN OPTIONS) the indicator will display the price range where the final point must sit to form a valid pattern. You can customize the box that marks this price range or disable it at all.
● Bull / Bear
The color of the box border.
● (Style)
The line style of the box border.
● Background
The background color of the box.
● Text
The color of the text in the box.
● (Text size)
The size of the text.
— PROJECTION DESCRIPTION OPTIONS
The box which marks the possible landing zone for pattern completion can contain multiple information. To reduce noise on the chart you can disable each information separately.
● Price Range
To complete a pattern successfully point D needs to be located within the minimum and maximum price of the range. For bullish pattern the price range is increasing (e.g. 100 – 120) and for bearish pattern it is decreasing (e.g. 100 – 80).
● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.
— TARGET OPTIONS
● Display ABCD Targets
Once a pattern is completed the indicator will display multiple price lines for targets or other important price levels. This is enabled by default.
The cosmetic setting are separated for bullish and bearish pattern targets. However they are identical.
● Bull / Bear Line
The color of the target lines.
● (Line style)
The style of the target lines.
● Label
The color of the label which contains information about the target.
● Text
The color of the text in the label.
● (Text size)
The size of the text.
— TARGET LABEL OPTIONS
The target label can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable all information a blank label will be displayed necessary to hold the tooltip.
● Price
The target price.
● Number
The unique number of the pattern.
● Title
The target identifier.
● Direction
New traders often get confused with bullish and bearish pattern. A small arrow facing down or up will tell them the expected price move to reach the targets.
● Tooltip
If enabled the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Remove if hit
By default target lines and labels will get removed one bar after the price has hit the target. If you disable this option target lines will stay together with the pattern until it gets invalidated.
— DISPLAY OPTIONS
● 2 Decimals
To streamline the appearance of prices they are set to display two decimals only. Numbers get rounded! However, trading currency pairs or crypto assets might need to display the full amount of decimals. In this case simply disable the setting “2 Decimals”.
— ALERT OPTIONS
Bevor you can use alerts in TradingView you have to activate them.
1. Click on the alert button
2. From the first drop down in conditions select B | N WAHA
3. From the third drop down (the one below the first one) select Any alert() function call
4. Skip the expiration if you want the alerts to be active for ever
5. Give The Alert a name or keep the default
6. Click on create
You have to repeat this procedure in every timeframe you use. This is not a limitation of the indicator. This is how TradingView alerts work.
Now you can select the events in the alert options of B | N WAHA you want to get noticed about. Alerts get fired when a bar gets confirmed which is the last close of a bar.
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Disclaimer BullNet: The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.
Disclaimer TradingView: According to the www.tradingview.com
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Version 1.0 03.03.2025
