PROTECTED SOURCE SCRIPT

[rs] Trend

LazyBear's WaveTrend port has been praised for highlighting trend reversals with precision and punctuality (minimal lag). But strong "3rd Wave" trends can "embed" or saturate any oscillator flashing several premature crosses while stuck overbought/oversold. This happens when the trend stretches over a longer timescale than the oscillator's averaging window or filter time constant. Our solution: simultaneously monitor many oscillator timescales. Watch for fresh crossovers in "dominant" timescales alternating most smoothly between the overbought (red shade) and oversold (green shade) range.
Moving AveragesOscillatorsVolume

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?


Also on:

Disclaimer