PROTECTED SOURCE SCRIPT
Mi script
t is designed as a momentum and timing tool, not as a standalone trading system.
Core logic:
Mid-range zone → no action
Upper zones (overbought) → look for short setups with confirmation
Lower zones (oversold) → look for long setups with confirmation
The oscillator includes:
Multiple overbought / oversold levels
Gradient-filled zones for better visual context
Main WaveTrend line + signal line
Optional histogram
Clear market state visualization
This indicator works best when combined with:
RSI
Stochastic
Market structure
Support & resistance
Volume or higher-timeframe context
⚠️ This is not financial advice.
For educational and analytical purposes only.
Core logic:
Mid-range zone → no action
Upper zones (overbought) → look for short setups with confirmation
Lower zones (oversold) → look for long setups with confirmation
The oscillator includes:
Multiple overbought / oversold levels
Gradient-filled zones for better visual context
Main WaveTrend line + signal line
Optional histogram
Clear market state visualization
This indicator works best when combined with:
RSI
Stochastic
Market structure
Support & resistance
Volume or higher-timeframe context
⚠️ This is not financial advice.
For educational and analytical purposes only.
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.