Wave Cycle Explorer
- Indicators
- Vitalyi Belyh
- Version: 1.0
- Activations: 7
A trend tool for trading and analyzing and predicting the market situation.
The indicator includes a guide line that acts as a guide to trend waves, either daily or weekly. And a special oscillator that analyzes trading volumes.
It shows periods of overbought and oversold markets and determines entry points at the beginning of a potential price movement.
The indicator does not redraw and does not lag.
Works on any instruments and Time Frames.
The indicator does not load the chart, contains only 2 settings, can be used as an independent indicator for trading.
The guiding orange line of the indicator gives an idea of the market movement. When the line moves down - the market is bearish, when it moves up - the market is bullish, also if the line is above 0, the bullish market prevails,
if the line is below 0, a bear market prevails. Turnaround points are indicated by circles.
The signal oscillator is a gray line, it provides entries during wave price movements, it works at the moment the line exits from the upper and lower ranges. The maximum overbought and oversold zones are colored yellow and blue.
The exit of the oscillator line from the overbought and oversold zone shows a possible change in price direction.
Do not trade against the oscillator.
The indicator has standard settings for M5-M15 timeframes, for other timeframes you need to change the parameters.
Input parameters
The indicator includes a guide line that acts as a guide to trend waves, either daily or weekly. And a special oscillator that analyzes trading volumes.
It shows periods of overbought and oversold markets and determines entry points at the beginning of a potential price movement.
The indicator does not redraw and does not lag.
Works on any instruments and Time Frames.
The indicator does not load the chart, contains only 2 settings, can be used as an independent indicator for trading.
The guiding orange line of the indicator gives an idea of the market movement. When the line moves down - the market is bearish, when it moves up - the market is bullish, also if the line is above 0, the bullish market prevails,
if the line is below 0, a bear market prevails. Turnaround points are indicated by circles.
The signal oscillator is a gray line, it provides entries during wave price movements, it works at the moment the line exits from the upper and lower ranges. The maximum overbought and oversold zones are colored yellow and blue.
The exit of the oscillator line from the overbought and oversold zone shows a possible change in price direction.
Do not trade against the oscillator.
The indicator has standard settings for M5-M15 timeframes, for other timeframes you need to change the parameters.
Input parameters
- Trend Direction - Analyzes the number of bars to calculate the trend direction.
- Signal Oscillator - Analyzes the number of bars to calculate the signal oscillator.
- Bars Count - the number of indicator bars on the chart.
