zeusuk3

WaveTrend [LazyBear]

462 2 61
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note.
//
study(title="WaveTrend ", shorttitle="WT_LB")
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
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)
d = ema(abs( ap             - esa), n1)
ci = ( ap             - esa) / (0.015 * d)
tci = ema(ci, n2)

wt1 = tci
wt2 = sma (wt1,4)

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

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Ede
4 months ago
What to look ?
Reply
redchevy007
4 months ago
I tried this but it doesn't show the buy/sell highlights as it does show on your screen
Reply
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