PROTECTED SOURCE SCRIPT
REDK_MAGicWAVe v2: update to v1
This is an update that adds couple of visual enhancement to my Magnified Weighted Average script i published some time back.
- this update adds a secondary signal (Red / Green markers) when the MAGicWAVe crosses the Zero Lag Moving Average -- so we watch the Wave Color as the primary signal for a change in trend, and use the secondary signal for confirmation - the prevailing bias (longer term filter) is decided by the long (Blue) moving average -- between these 3 elements, i can use the MAGicWAVe as a reliable trading "qualifier"
- the auxiliary lines are all now "thinner" be default to keep the focus on the primary wave line
i hope this is as useful to fellow traders as it is to me - Best of luck!
- this update adds a secondary signal (Red / Green markers) when the MAGicWAVe crosses the Zero Lag Moving Average -- so we watch the Wave Color as the primary signal for a change in trend, and use the secondary signal for confirmation - the prevailing bias (longer term filter) is decided by the long (Blue) moving average -- between these 3 elements, i can use the MAGicWAVe as a reliable trading "qualifier"
- the auxiliary lines are all now "thinner" be default to keep the focus on the primary wave line
i hope this is as useful to fellow traders as it is to me - Best of luck!
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