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 avatar
Related users ' posts
Madrosat I Have not see a fully functioning automated strategy on your site?? Really have you???
juanj Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to...
Madrosat ok I understood you are using prorealcode to hack the fish
jaginho Bonjour Vivien, je n'arrive pas à comprendre ce screener... En tout cas merci pour tes contr...
samsampop Superb, merci!
Gaby333 not working the same thing as xtian saying?
fucode I need to calculate this in excel. Is it posible ? how ?
Nicolas Ask on an Excel website?!
eivaremir have u got the trading view version?
illenza
2 years ago
ribes65 Buongiorno Illenza, Il tuo indicatore è molto efficace, ma non funziona su tutte le azion...
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
2 years 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...
Exalaxe Hey, i just noticed you optimized this strategy. Could i see your new version, please?
Andrea.1981 sorry i add my code but it not enter why i dont know
Andrea.1981 this is code simply stop , and you can see another version for stop / Codice principale...
SB-FO Code below. Comparison is to PRT standard PO which is // out. DEFPARAM CumulateOrders ...
robertogozzi Firstly you need to make the correct calculation, you need to swap 22 and 7. Secondly PRT's...
SB-FO Sorry, i did forget to change the 7/22, I have run it both ways. PRT is calculating PPO a...
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
fisiotrancos Hola, seria posible a√Īadir una l√≠nea horizontal en el nivel 0? Me gustar√≠a hacer un screener...
Nicolas cambiar la √ļltima l√≠nea por √©sta: return val coloured(r,g,b) style(line,2), levelu style(do...
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...
julien1978 changing the trendDetectionLength setting does not seem to have any effect on the wave calcu...
arran i can't seem to get this indicator to work on forex pairs. it works great on indices etc. An...
Nicolas Indicator needs Volume, and there are no volumes with forex pairs with IG.

Top