WaveForge is a custom trend detection algorithm that identifies price deviations by analyzing multi-timeframe price action baselines, Triple Exponential Moving Averages (TEMA), Heikin-Ashi-based moving averages, and Simple Moving Averages (SMA). It highlights potential trading opportunities with color-coded signals, incorporating oversold and overbought (RSI) threshold breaches and the daily open price. This visual approach offers traders a more intuitive way to gauge market conditions and price movement strength.
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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.