3point3

WaveTrend [LazyBear] MOD for 2 timeframes

44 0 5
fast and slow WT in one Indicator
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//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//
study(title="WaveTrend [LazyBear]", shorttitle="WT_LB")
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
n3 = input(50, "channel lengt2slow")
n4 = input(105, "average length2slow")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")
ap = hlc3 
esa = ema(ap, n1)
esa2 = ema(ap, n3)
d = ema(abs(ap - esa), n1)
d2 = ema(abs(ap - esa2), n3)
ci = (ap - esa) / (0.015 * d)
ci2 = (ap - esa2) / (0.015 * d2)
tci = ema(ci, n2)
tci2= ema(ci2, n4)

wt1 = tci
wt2 = sma(wt1,4)
wt3 = tci2
wt4 = sma(wt3,4)

plot(0, color=gray)
plot(obLevel1, color=red)
plot(osLevel1, color=green)
plot(obLevel2, color=red, style=3)
plot(osLevel2, color=green, style=3)

plot(wt1, color=black)
plot(wt2, color=purple, style=3)
plot(wt1-wt2, color=purple, style=area, transp=80)
plot(wt3, color=green)
plot(wt4, color=red, style=3)
plot(wt3-wt4, color=blue, style=area, transp=80)

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