Indicator: Kaufman AMA Binary Wave

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:
List of my free indicators:
List of my indicators at Appstore:


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?
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
This is an awesome script. However, it repaints. Is there anyway to stop repainting?
wow, thats nice.
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