OPEN-SOURCE SCRIPT
ConeWave MA
CoRa Wave is a custom-weighted moving average designed to adapt intelligently to market dynamics. It builds upon the foundational logic of the Comp_Ratio_MA by RedKTrader, incorporating a compound ratio-based weighting curve that emphasizes recent price action while preserving smoothness and structure with pinescript version 6.
This version introduces modular enhancements, including:
A Comp Ratio Multiplier for fine-tuned responsiveness
Optional Auto Smoothing based on wave length
Streamlined plotting for clarity and performance
Whether you're confirming market structure, identifying trend shifts, or seeking a cleaner alternative to noisy indicators, CoRa Wave offers a visually intuitive and mathematically elegant solution.
🛠 Reimagined by @atulgalande75 — optimized for traders who value precision, adaptability, and clean charting. Original concept by @redktrader.
This version introduces modular enhancements, including:
A Comp Ratio Multiplier for fine-tuned responsiveness
Optional Auto Smoothing based on wave length
Streamlined plotting for clarity and performance
Whether you're confirming market structure, identifying trend shifts, or seeking a cleaner alternative to noisy indicators, CoRa Wave offers a visually intuitive and mathematically elegant solution.
🛠 Reimagined by @atulgalande75 — optimized for traders who value precision, adaptability, and clean charting. Original concept by @redktrader.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.