LazyBear

Indicator: Kaufman AMA Binary Wave

BTCE:BTCUSD   None
7716 views
87
It’s pretty simple: 1 = buy, -1 = sell, 0 = neutral. You can experiment with the filter percentage and period to suit your taste. IMO, this is a good confirmation indicator.

I have also added an option to highlight the potential buy/sell areas.



Updated script to work around the recent TV engine changes: http://pastebin.com/aUkLWDaw
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Comments

Just noticed I have "overlay = true" in my script. This will overlay it on the main instrument, which may not look pleasing...

My preferred way is as shown above. I like to merge this wave indicator with BullsBears (see my other charts, it is also published).
+8 Reply
how can i add this to my indicators,i cannot find in the indicators list
+6 Reply
Interesting indicator. Can i try?
+4 Reply
LazyBear natngk
Sure, You can get the indicator by doing "Make it mine". As I mentioned above, when you add this, it will be rendered as an overlay, do an "Unmerge down" to get it to its own subpane.
+3 Reply
maksheetal LazyBear
How do you do an unmerge down? Where do you put this?
Reply
Is this for trend trading?
+1 Reply
LazyBear Trucking
Would use it more for confirmation with your other indicators.
+2 Reply
how can i add this indicator in my tempalte,i cannot find it in my indicator list
Reply
This is an awesome script. However, it repaints. Is there anyway to stop repainting?
Reply
wow, thats nice.
Reply
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