Waves is to visualize the overall strength and direction of a given market across multiple time frames.

Waves measuring short term (wave A), medium term (wave B) and long term momentum (wave C).

The A wave can be used as a signal on crossings of the zero line. Wave C shows the longer term trend and is most important for direction.

Wave A code:

A1= exponentialaverage[8](close)-exponentialaverage[34](close)- exponentialaverage[34](exponentialaverage[8](close)-exponentialaverage[34](close))

A2=exponentialaverage[8](close)-exponentialaverage[55](close)- exponentialaverage[55](exponentialaverage[8](close)-exponentialaverage[55](close))

return A1 coloured(255,255,255),A2 coloured(0,0,255)

Wave B code:

B1= exponentialaverage[8](close)-exponentialaverage[89](close)- exponentialaverage[89](exponentialaverage[8](close)-exponentialaverage[89](close))

B2=exponentialaverage[8](close)-exponentialaverage[144](close)- exponentialaverage[144](exponentialaverage[8](close)-exponentialaverage[144](close))

return B1 coloured(255,255,255),B2 coloured(0,0,255)

Wave C code:

C1= exponentialaverage[8](close)-exponentialaverage[233](close)- exponentialaverage[233](exponentialaverage[8](close)-exponentialaverage[233](close))

C2=exponentialaverage[8](close)-exponentialaverage[377](close)- exponentialaverage[377](exponentialaverage[8](close)-exponentialaverage[377](close))

return C1 coloured(255,255,255),C2 coloured(0,0,255)