PROTECTED SOURCE SCRIPT
Mi script
📝 DESCRIPTION
This indicator is based on the WaveTrend oscillator, designed as a momentum and timing filter, not as an automatic trading system.
The logic is simple and disciplined:
📊 Mid-range zone → no trades
🔴 Upper zones → look for short opportunities only with confluence
🟢 Lower zones → look for long opportunities only with confluence
WaveTrend cross signals are used only as confirmation, never as standalone entries.
Features included:
Main WaveTrend line + signal line
Clear overbought and oversold zones
Optional histogram
Candle coloring for quick market reading
Customizable alerts
This indicator is intended to be combined with:
RSI
Stochastic
Market structure
Support and resistance levels
⚠️ Not financial advice.
For educational purposes only. Use at your own risk
This indicator is based on the WaveTrend oscillator, designed as a momentum and timing filter, not as an automatic trading system.
The logic is simple and disciplined:
📊 Mid-range zone → no trades
🔴 Upper zones → look for short opportunities only with confluence
🟢 Lower zones → look for long opportunities only with confluence
WaveTrend cross signals are used only as confirmation, never as standalone entries.
Features included:
Main WaveTrend line + signal line
Clear overbought and oversold zones
Optional histogram
Candle coloring for quick market reading
Customizable alerts
This indicator is intended to be combined with:
RSI
Stochastic
Market structure
Support and resistance levels
⚠️ Not financial advice.
For educational purposes only. Use at your own risk
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.