Wavetrend Oscillator

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Wavetrend Oscillator

Postby Alexander.Gettinger » Mon Feb 23, 2015 11:23 am

Original LUA oscillator: viewtopic.php?f=17&t=61668.

Formulas:
wt1 = EMA(Raw2) with [Average_Length] number of periods,
wt2 = MVA(wt1) with [Signal_Length] number of periods,
wt3 = wt1-wt2, where
Raw2 = (TP-EMA1)/(0.015*EMA2),
TP - typical price,
EMA1 = EMA(Typical price) with [Channel_Length] number of periods,
EMA2 = EMA(Raw1) with [Channel_Length] number of periods,
Raw1 = Abs(TP-EMA1),
Abs - absolute value.

Wavetrend_Oscillator_MQL.PNG


Download:
Wavetrend_Oscillator.mq4
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Alexander.Gettinger
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Re: Wavetrend Oscillator

Postby baccicin » Wed Nov 01, 2017 6:02 am

Hello, i can't see overbought and oversold levels, just 0 line. Is there the possibility to show these levels? Many thanks, have a nice day. Bac
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Re: Wavetrend Oscillator

Postby Apprentice » Sat Nov 04, 2017 6:01 am

Try it now.
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