rhawshemi

Hashem WaveTrend

rhawshemi Updated   
HASHEM WAVETREND


This indicator is mixture of 4 types of WaveTrends with proper SMA and EMA Smoothings. When the Blue wave crosses the purple wave and if they are in the Lower or Higher Zones, that could be a setup. Also, Customized Godmode with 2 settings and Divergences on Purple Wave are included.
When an Orange Triangle shows up it means the setup is quite powerful.
This can be used on any timeframes and any markets. Don't forget always Higher TF = More Weight and Don't be greedy in CounterTrends.

Besides, VWAP (the difference between the two waves) is plotted. When the Yellow wave is high and near the Fibo levels, It means the trend is just started OR it's near the end.

This indicator is powerful in Swings , Scalpes and Trends on any timeframe, but when the price is ranging in a very tight range, the signals often would be false. So be careful about tight ranges.



Note That The Signals are NOT Confirmed. You must Confirm them with your own TA.
Release Notes:
Styling and Colors Update.
Release Notes:
Code Tweaks. Added More Options.
Release Notes:
Code Optimization.
Histogram Divergence.

Without Risk and Position Management, You WILL Lose Money.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact rhawshemi for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.