new Prorealtime indicator: Wave Oscillator (by LazyBear)

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06/17/2016 at 2:20 PM #9506 quote

micha2012
Participant

Average

Hello All,

would you please help me; I need a code from tradingview.com for Prorealtime:

https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/

//
// @author LazyBear
//
//
study(title=”WaveTrend [LazyBear]”, shorttitle=”WT_LB”)
n1 = input(10, “Channel Length”)
n2 = input(21, “Average Length”)
obLevel1 = input(60, “Over Bought Level 1”)
obLevel2 = input(53, “Over Bought Level 2”)
osLevel1 = input(-60, “Over Sold Level 1”)
osLevel2 = input(-53, “Over Sold Level 2”)

ap = hlc3
esa = ema(ap, n1)
d = ema(abs(ap – esa), n1)
ci = (ap – esa) / (0.015 * d)
tci = ema(ci, n2)

wt1 = tci
wt2 = sma(wt1,4)

plot(0, color=gray)
plot(obLevel1, color=red)
plot(osLevel1, color=green)
plot(obLevel2, color=red, style=3)
plot(osLevel2, color=green, style=3)

plot(wt1, color=green)
plot(wt2, color=red, style=3)
plot(wt1-wt2, color=blue, style=area, transp=80)

As I am a newbee I dont understand coding; this new indicator gives amazing signals; I think it would help a lot.

Please support.

Thank you in advance.

Regards Micha

06/17/2016 at 2:38 PM #9507 quote

Nicolas
Keymaster

Master

Hi micha,

Just converted it. Seems a nice decent indicator, very similar to another one I post earlier : http://www.prorealcode.com/prorealtime-indicators/ergodic-oscillator-smi/

Anyway, please find attached the Wave Oscillator for Prorealtime with a picture of how it looks. I’ll add it to the library.

Watrend-oscillator.png

06/17/2016 at 2:46 PM #9513 quote

Nicolas
Keymaster

Master

Added to the library : http://www.prorealcode.com/prorealtime-indicators/wave-trend-oscillator/

06/18/2016 at 12:59 PM #9538 quote

micha2012
Participant

Average

Bonjour Nicolas,

tres bien…merci beaucoup….

Thank you very much for your quick reply and support. I will install and test right now!

Wish you all the best…

Alle les bleus!

Merci!

06/18/2016 at 1:23 PM #9540 quote

micha2012
Participant

Average

Salut Nicolas,

great…you`re the best…works absolutely fine!

Again, merci beaucoup!

Bye.

06/18/2016 at 3:58 PM #9545 quote

supertiti
Participant

Master

Lazy bear c’est un très bon !!! j’utilise un de ses indicateurs depuis plusieurs mois avec succès. C’est à mon avis un contributeur à suivre sur trading view. après chacun fait à son aise , ce n’est que mon avis

Bon week end.

06/18/2016 at 4:39 PM #9546 quote

Nicolas
Keymaster

Master

@supertiti

Quel indicateur?

12/07/2016 at 3:37 PM #17941 quote

micha2012
Participant

Average

Bonjour Nicola,

I tried the last 2-3 hours to improve the Wave Oscillator by “adding” crossover dots.

Unfortunalely I failed. …

I want to add this from pine editor:

plot(cross(wt1, wt2) ? wt2 : na, color = black , style = circles, linewidth = 3)
plot(cross(wt1, wt2) ? wt2 : na, color = (wt2 – wt1 > 0 ? red : lime) , style = circles, linewidth = 2)
barcolor(cross(wt1, wt2) ? (wt2 – wt1 > 0 ? aqua : yellow) : na)

If “wti1” (green line) crosses over “wt2” (rot line) this is BUY Signal and Chart should show a “green dot” on wti1/wti2; if “wt2” crosses down “wt1” then SELL Signal an Chart should show “red dot”.

Do you think this is possible to code?

Nicola, once again I would be very thankful for your support.

Merci beaucoup.

Micha

05/06/2019 at 7:49 AM #97755 quote

Sofitech
Participant

Master

I did read you make profit trading with this indicator (in your last post with a new indicator request)
Could explain the way you use it for your trading ?

05/06/2019 at 2:27 PM #97778 quote

micha2012
Participant

Average

Salut Sofitech,

please take a look here: https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/

– if “WO” is at botton under 55 – 60 and “green quadrat” appears –> LONG

– if “WO” is at top over 55 – 60 and “red quadrat” appears –> SHORT

Important: you need 2 -3x signals as a confirmation; e.g. 3min Chart – 5min- Chart – 10min- Chart !!!!! [ or higher TF, e.g. 5min. – 15min. – 30min.]

All the best!

Micha

p.s. this indicator is even “stronger”…https://www.prorealcode.com/topic/new-prorealtime-indicator-cmuma-cm_ultimate_ma_mtf/

Still waiting for support and re-coding here…

M.Nicolas 81 thanked this post

05/10/2019 at 9:58 AM #98154 quote

Nicolas
Keymaster

Master

@micha2012

People would love to get examples with screenshots. How do you exit your orders?

M.Nicolas 81 thanked this post

05/10/2019 at 10:09 AM #98157 quote

micha2012
Participant

Average

@Nicolas

Do you refer to LazyBear Wave-Indicator or to my last posted CMUMA-Indicator??

Merci.

Micha

05/10/2019 at 12:15 PM #98166 quote

Nicolas
Keymaster

Master

This one, the Wave oscillator.

05/12/2019 at 10:38 AM #98263 quote

micha2012
Participant

Average

Hello Nicolas,

please find attached some pics, showing entry and exit:

5min-Chart..10min-Chart and 15min.-Chart; you enter/exit at conformation of 15min.Chart!

Best Regards, Micha

Nicolas and M.Nicolas 81 thanked this post

5min.png 10min.png 15min.png

05/24/2020 at 8:06 AM #133007 quote

GenesisEX
Participant

New

Thank you all for your incredible contributions. This Wave Oscillator seems to work rather well and is aligned with some of the other indicators I use but is better in keeping one in the wave until it draws to an end. Thank you Micha, Thank you Nicolas !!

M.Nicolas 81 thanked this post
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