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Custom indicator for identifying market tops and bottoms. Built off of LazyBear's WaveTrend Oscillator.
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study(title="CENTURION - MN", shorttitle="CENTURION")
n1 = input(10, "Channel Length")
n2 = input(10, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-50, "Over Sold Level 1")
osLevel2 = input(-43, "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)
wt3 = sma(wt1, 30)

plot(0, color=gray)
plot(25 + (.2 * wt3), color=blue)
plot(-20 + (.2 * wt3), color=blue)
plot(obLevel1 + (.2 * wt3), color=red)
plot(osLevel1 + (.2 * wt3), color=green)
plot(obLevel2 + (.2 * wt3), color=red, style=3)
plot(osLevel2 + (.2 * wt3), color=green, style=3)

plot(wt1, color=green)
plot(wt2, color=red, style=3)

Wow. Amazing.
mnoles20 TradeWithConfidence
Thanks! What do you like about it? Some people are telling me its good for seeing divergence, but I originally intended it to simply pick market tops and bottoms.
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