Wavetrend Oscillator

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Wavetrend Oscillator

Postby Alexander.Gettinger » Tue Aug 07, 2018 12:14 pm

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.PNG


Download:
Wavetrend Oscillator_JS.jsl
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Alexander.Gettinger
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