Indicator: Kaufman AMA Binary Wave

BTCE:BTCUSD   Bitcoin / Dollar
3156 8 46
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:

LazyBear PRO
2 years ago
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).
+5 Reply
2 years ago
Interesting indicator. Can i try?
+2 Reply
LazyBear PRO natngk
2 years ago
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.
+1 Reply
maksheetal LazyBear
4 months ago
How do you do an unmerge down? Where do you put this?
2 years ago
Is this for trend trading?
+1 Reply
LazyBear PRO Trucking
2 years ago
Would use it more for confirmation with your other indicators.
+1 Reply
TahnoonEsmail LazyBear
2 years ago
how can i add this indicator in my tempalte,i cannot find it in my indicator list
2 years ago
how can i add this to my indicators,i cannot find in the indicators list
+1 Reply
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