WaveTrend Chart And Signal v1 [NinjaDawgz]

Custom Wave Trend Code used to spot, confirm and trade cyclical peaks and troughs.
Can be used in isolation but extremely powerful in conjunction with extra analysis, like Wave Theory.

Icon Descriptions:

Triangles (▼/▲): These are confirmations that the trend has changed. Trading in direction of the the trend is conservative but reliable and relatively profitable.
Pluses (+): These are points for re-entry and/or accumulating addition positions to trade the trend (Triangles above). If you missed the trend change, this is best place to get in.
Crosses (x): Picking the top and bottom is hard, like catching falling knife. This will show you possible tops/bottoms as they happen. Can be noisy, should not be used in isolation.
Diamonds (♦): NEW! Wish the trend confirmation (triangles) was quicker? This does
Works on any time frame, any security (Stocks, Forex, Crypto's, etc.)
Green for Long, Red for Short.

All icons can be used for Alerts!
New Alert (Alt + A) > Change Condition to WaveTrend_Chart > Choose from the list of icons.

Release Notes

updated versioning

Release Notes

Changed Diamond size one size bigger.
fixed typo in alert condition for Diamond's.

Release Notes

removed script version from study title.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

NinjaDawgz83

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Disclaimer

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

NinjaDawgz83

Also on: