Wave momentums

Wave momentums

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:

Wave B code:

Wave C code:

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. gatarayihajp • 04/30/2017 #

    Hi swingforfortune,
    Thanks a lot about your interesting posting. Let ask you to explain more about your indicator. It’s very useful and intersteing. Thank again

    • Swingforfortune • 04/30/2017 #

      Hello.
      Basically they are a twist of the MACD histogram and can be used as such. They visualizes momentum in different time frames. 
      http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:macd-histogram#macd-histogram
      You want the waves to all be positive or negative to be long or short. All above zero –> No shorts, buy dips.
      Is momentum rising or falling are there any divergences to the price? This is what I look for.
      Hope that helps.
       
       

  2. gatarayihajp • 04/30/2017 #

    Hi again
    Thanks for the explanation. Have a good day

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
illenza
1 month ago
luxrun bellissimo lavoro, Roberto, grazie!
robertogozzi I just discovered that ProOrder (for automated strategies) does not evaluate the expression ...
Akram Hi Roberto the WPZO is the bounded oscillator by percentage like the SHO Here is the artic...
robertogozzi
4 months ago
M-Oscillator
M-Oscillator
10
Indicators
robertogozzi Sorry for my late reply. I’ll make it and open a new topic quite soon.
swapping ah ah ! je n'avais pas vue celui-ci, excellent robert ;)
robertogozzi Thank you swapping.
Didouqc Bonjour Nicolas, Merci pour cet indicateur, encore génial! Je souhaite faire une suggest...
Tony87 on 200k test in the red untill 2017 then strong green
LancerX Please indicate the trade stat to show ave gain against average lost..
Jan Wind Thanks for sharing the strategy !. Did you do an Out of Sample run when testing on the 100k...
juanj Haven't been on this forum for ages! Just logged in to see what is happening and since this ...
robertogozzi Welcome back Juanji, why don’t you post your strategy in the ProOrder support, it’s a better...
David Somogyi Hi, One year trades since Alpha running. https://imgur.com/a/TCK4kJH Hopefully it w...
Nicolas Thanks for the update David!
sublime06 quelle parametre utilisé vous pour obtenir ces resultat ? merci
MaoRai54 Hi, first of all Happy New Year. Well, I've inserted your indicator in DAX 1h but I cann...
Vinks_o_7 Hi Mao Happy New Year ! This is just an improved RSI where you plot a standard price momen...
Nicolas Formule de l'indicateur Momentum: Le Momentum se calcule avec une simple soustraction pour ...
Roberto1 Hi, can this code be converted for the Nanotrader Platform or for the MT4 Platform?
Nicolas This website is dedicated for PRT programming, but you can still ask for private coding with...
rb-72 5 Minutes, 15 Minutes, The most effective 1 Hour below 0 or above 0 as a turn signal in the ...
Andraxx Interpretación de el indicador??? Gracias
TAC Bolsa Oscilador que hace una medición ponderara basado en la distancia entre precio y una media Mó...
papero76 great idea
julien1978 changing the trendDetectionLength setting does not seem to have any effect on the wave calcu...
Rafa when y try to code a simple screener let´s say signal cross over PMO, is not working and thi...
Rafa Hi Nicolas, Do you have any solution for this problem?
Nicolas Please add a request in proscreener section, much better to explain and understand your prob...
gabri Grazie, con ETF to consiglio anche uno screener basato su questa strategia https://www.pror...
Alex975 Grazie della dritta.. testerò il tutto.
guillermus69 is this " a= log(close/close[1])" better than a = ((close/close[1]) -1) *100 . I ...
haseluis Hello, who can help me why the screener does not work // Der folgende Code bezieht sich auf...
Nicolas Hello, please ask your question with a new forum topic, this is not the place to ask for sup...
Lotech123 Thanks for this indicator. Working on a 3 M timeframe with the DJI, it can produce some inte...
JSTAR PRODUCTIONS Hi there, I downloaded the Indicator but the indicator does not show up on my charts. Am...
JSTAR PRODUCTIONS Hi, Worked it out. Thanks
Jean-Pierre Poulain When I buy and when I sell ?
Nicolas The featured image of the post do not deserve the indicator you are right, I attached other ...
Nicolas It is described in the post already :) The BUY/SELL signals are quite similar of what you ca...
Marcot18 Save Nicolas, non ci riesco puoi postarmelo grazie.
Sumihiko Tachibana I need help to write this script on TD Ameritrade thinkorswim (TOS). How to make it work on...
Nicolas We do not offer free assistance for TOS. However, you can send demand for private paid codin...
finplus Thanks for the job. Which variables do you suggest for timeframe 1 hour? 
Maz Depends massively on your market and the volatility. I suggest using the variable optimizer ...

Top