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JumpXYZ V1JumpXYZ – Adaptive Market Dynamics
JumpXYZ is a versatile analytical tool designed to provide dynamic insights into market conditions. This script adapts to evolving trends using a multi-layered approach to price behavior and calculated movement shifts.
🔹 Trend-Aware Calculations – Monitors cyclical momentum to identify adaptive phases.
🔹 Multi-Factor Insight – Integrates structured parameters to refine output adjustments.
🔹 Signa?l Modulation – Designed to highlight transitional market zones based on underlying shifts.
🔹 Flexible Configuration – Adjustable components allow for varied applications across different scenarios.
JumpXYZ is not meant to be predictive but instead serves as a structural guide for interpreting fluid market movements. This script is an exploratory concept and should be used for analysis purposes only.
SMA Crossover StrategyIndicator Declaration: The script starts with the indicator function, which sets the name and overlay properties of the indicator.
Input Parameters: The user can specify the periods for the short and long simple moving averages (SMA).
SMA Calculation: The script calculates the short and long SMAs using the ta.sma function.
Plotting: The moving averages are plotted on the chart with different colors for easy identification.
MBM-GOLD-AIThis indicator is based on mathematical concepts and the science of physics. If you input the start and end numbers of a wave into it, it identifies the end of the next wave on the chart. Additionally, for position management, it displays the stop level and 4 targets with approximately 90% accuracy.Currently, it only works on the XAUUSD symbol.
Solar VPR (No EVMA) + Alpha TrendThis Pine Script v6 indicator combines Solar VPR (without EVMA slow average) and Alpha Trend to identify potential trading opportunities.
Solar VPR calculates a Simple Moving Average (SMA) of the hlc3 price and defines upper/lower bands based on a percentage multiplier. It highlights bullish (green) and bearish (red) zones.
Alpha Trend applies ATR-based smoothing to an SMA, identifying trend direction. Blue indicates an uptrend, while orange signals a downtrend.
Buy/Sell Signals appear when price crosses Alpha Trend and aligns with Solar VPR direction.
NeoWave cash data by MikhepoolThe NeoWave Chart: indicator is a technical analysis tool designed to visualize significant price movements by drawing dynamic lines between key highs and lows on the chart. Using a user-defined resolution, the indicator identifies new bars and connects the highest high and lowest low within each segment, updating the lines in real-time as new data becomes available. All lines are rendered in black, providing a clean and consistent visual representation of price action without color-coded directional bias. This tool is particularly useful for traders and analysts employing NeoWave theory or similar methodologies, as it helps identify structural patterns and trends in the market.
Cash Data (NeoWave)NeoWave: Cash Data: @MikhePool channel
The NeoWave Chart - cash data: indicator is a technical analysis tool designed to visualize significant price movements by drawing dynamic lines between key highs and lows on the chart. Using a user-defined resolution, the indicator identifies new bars and connects the highest high and lowest low within each segment, updating the lines in real-time as new data becomes available. All lines are rendered in black, providing a clean and consistent visual representation of price action without color-coded directional bias. This tool is particularly useful for traders and analysts employing NeoWave theory or similar methodologies, as it helps identify structural patterns and trends in the market.
BB-BO.ELF Signals by ElfAlgorithms//YOUTUBE: www.youtube.com
//TELEGRAM: t.me
BO.ELF Trading Signals By ElfAlgorithms
📌 English
The BB-Trend-Signals By ElfAlgorithms is a powerful Bollinger Bands-based indicator designed to detect strong price movements and trend continuation signals.
🔹 Key Features:
✅ Detects price touches on the upper and lower Bollinger Bands.
✅ Confirms trends by checking the last five closing candles relative to the middle band.
✅ Filters out false signals by requiring price closures in specific Bollinger zones.
✅ Identifies trend strength by counting consecutive candle closes above/below critical levels.
✅ Provides real-time alerts for trading opportunities.
This indicator is ideal for traders who rely on Bollinger Bands to identify breakout trends and potential reversals. Whether you are a day trader or swing trader, BO.ELF Trading Signals helps you make informed decisions! 🚀
📌 Türkçe
BO.ELF Trading Signals By ElfAlgorithms, güçlü fiyat hareketlerini ve trend devam sinyallerini tespit etmek için Bollinger Bantları’na dayalı geliştirilmiş bir göstergedir.
🔹 Ana Özellikler:
✅ Fiyatın üst ve alt Bollinger bantlarına temaslarını algılar.
✅ Son beş mum kapanışını orta banda göre kontrol ederek trendi doğrular.
✅ Yanıltıcı sinyalleri önlemek için fiyatın belirli Bollinger bölgelerinde kapanmasını şart koşar.
✅ Trend gücünü belirlemek için kritik seviyelerin üzerinde/altında kapanan mumları numaralandırır.
✅ Gerçek zamanlı uyarılar ile işlem fırsatlarını bildirir.
Bollinger Bantlarını kullanarak trend kırılımlarını ve olası dönüşleri yakalamak isteyen yatırımcılar için idealdir. Günlük veya swing trade yapan herkes için BO.ELF Trading Signals, kararlarınıza rehberlik eder! 🚀
CC Trend Analysis #1Script Description
CC Trend Analysis #1 is a Pine Script v6 indicator designed to identify market trends, detect breakout structures, and visualize critical price levels on financial charts. Here’s a concise overview of its core functionality:
Key Features
Dual Zig-Zag Trend Analysis
Uses two independent zig-zag algorithms (configurable periods) to filter noise and identify primary trends.
Draws dynamic trend lines to highlight support/resistance levels and trend continuations.
Breakout Detection
Automatically detects trend reversals and breakout points using structural analysis.
Draws horizontal lines to mark breakout levels for potential entry/exit signals.
Visualization Tools
Customizable colors, line styles, and widths for trend lines and breakout levels.
Labels to annotate key price points (e.g., HH, HL, LL, LH).
Conditional background coloring based on the current trend direction.
Multi-Timeframe Filtering
Configurable start/end dates to focus analysis on specific market periods.
Access token protection for restricted use.
How to Use
Trend Identification: Follow the zig-zag lines to gauge trend direction and strength.
Breakout Signals: Look for horizontal lines crossing price action as potential breakout triggers.
Customization: Adjust parameters via the input panel to match your trading style (e.g., period, colors, labels).
Ideal For
Swing traders and investors seeking clear trend definitions.
Breakout strategies focusing on structural price patterns.
Visual analysis of support/resistance levels.
Let me know if you need further simplification!
Divergenze VIX vs SP500L'indicatore confronta il prezzo dell'S&P 500 con l'RSI del VIX per rilevare divergenze rialziste e ribassiste. Questo strumento è progettato per anticipare le inversioni di trend, sfruttando la correlazione inversa tra S&P 500 e VIX.
🔍 Principio di funzionamento:
Se l’S&P 500 raggiunge nuovi massimi, ma l’RSI del VIX non conferma, si potrebbe verificare un’inversione ribassista.
Se l’S&P 500 segna nuovi minimi, ma l’RSI del VIX inizia a salire, il mercato potrebbe rimbalzare.
Divergenze VIX vs SP500L'indicatore confronta il prezzo dell'S&P 500 con l'RSI del VIX per rilevare divergenze rialziste e ribassiste. Questo strumento è progettato per anticipare le inversioni di trend, sfruttando la correlazione inversa tra S&P 500 e VIX.
Principio di funzionamento:
Se l’S&P 500 raggiunge nuovi massimi, ma l’RSI del VIX non conferma, si potrebbe verificare un’inversione ribassista.
Se l’S&P 500 segna nuovi minimi, ma l’RSI del VIX inizia a salire, il mercato potrebbe rimbalzare.
HTF Anchored FanSimilar to an Anchored VWAP, this lets you click a bar on an Daily, Weekly, or Monthly chart to add an "Anchored Fan" which displays lines at up to 6 levels above and below the chosen Anchor Point. Useful to measure the retracement during swing moves.
You can reposition the fan by either hovering over the anchor or by clicking the name of the study to "activate" it, and then dragging. You can also change the Anchor Point in Settings.
By default the anchor uses the bar Close, but you can change this manually in settings OR you can use the fancy "Auto high/low" mode which is handy if you are mainly dropping the fan on local swing highs and lows.
The default line measures were chosen for ES (Futures) but the study should be usable with nearly anything as long as you adjust the settings to something appropriate for the ticker. If you want to use this on NQ, for example, it would be reasonable to multiple each of these settings by 3.5 or so.
NOTE: If the fan is way off the left side of the chart it's generally easiest to use Settings to move it back to close to "now".
See also: Intraday Anchored Fan
Intraday Anchored FanSimilar to an Anchored VWAP, this lets you click a bar on an Intraday chart to add an "Anchored Fan" which displays lines at up to 6 levels above and below the chosen Anchor Point. Useful to measure the retracement during swing moves.
You can reposition the fan by either hovering over the anchor or by clicking the name of the study to "activate" it, and then dragging. You can also change the Anchor Point in Settings.
By default the anchor uses the bar Close, but you can change this manually in settings OR you can use the fancy "Auto high/low" mode which is handy if you are mainly dropping the fan on local swing highs and lows.
The default line measures were chosen for ES (Futures) but the study should be usable with nearly anything as long as you adjust the settings to something appropriate for the ticker. If you want to use this on NQ, for example, it would be reasonable to multiple each of these settings by 3.5 or so.
NOTE: If the fan is off the left side of the chart, one way to see the Anchor handle again easily is to switch to a higher timeframe; for example if you are on the 5min maybe use the 15min or hourly to find the handle -- if it is WAY off the left side (for example if you let many days pass without advancing it) it's generally easiest to use Settings to move it back to "now".
TOP & Bottom FinderThe TOP & Bottom Finder is a trend-reversal detection indicator that identifies potential market tops and bottoms based on RSI (Relative Strength Index), ATR (Average True Range), and price action. It helps traders spot overbought and oversold conditions to anticipate trend reversals.
Key Features:
✔ Identifies market tops & bottoms using RSI-based conditions.
✔ Detects oversold & overbought levels to highlight potential reversals.
✔ Uses ATR to confirm price proximity to support/resistance.
✔ Plots arrows on the chart when conditions for tops or bottoms are met.
How It Works:
Bottom Finder (Detects Market Lows)
1️⃣ RSI must be oversold → RSI below a sensitivity threshold (29).
2️⃣ Price near support level → Close price must be close to a recent low.
3️⃣ Bullish rejection candle → The candle should close higher than it opened.
4️⃣ All conditions must align → A bottom signal (up arrow) is generated.
🟢 Bottom Signal (White Arrow Up) → Indicates a potential bullish reversal.
Top Finder (Detects Market Highs)
1️⃣ RSI-based overbought detection → Uses an alternative RSI method to measure price strength.
2️⃣ High RSI triggers sell signal → When RSI crosses the threshold (89).
3️⃣ A top signal is plotted → Suggesting a possible bearish reversal.
🔴 Top Signal (White Arrow Down) → Indicates a potential bearish reversal.
Interpreting Signals:
✅ Bottom Finder → Suggests a buy opportunity when the market is oversold.
❌ Top Finder → Suggests a sell opportunity when the market is overbought.
The TOP & Bottom Finder is useful for traders looking to enter positions near support and exit near resistance. It works best when combined with other technical indicators like trend analysis, moving averages, or volume-based signals to confirm reversals.
Whale Activity Indicator (WAI)The Whale Activity Indicator (WAI) is a volume-based trading tool designed to detect large institutional trades and dark pool activities. It helps traders identify potential buying and selling pressure from major market participants by analyzing volume spikes, On-Balance Volume (OBV), and the Money Flow Index (MFI).
Key Features:
✔ Detects institutional and dark pool trades based on volume thresholds.
✔ Identifies volume spikes to highlight unusual trading activity.
✔ Uses OBV and MFI trends to confirm buying or selling pressure.
✔ Generates Buy & Sell signals with visual markers on the chart.
How It Works:
Volume Analysis: Determines whether a trade exceeds institutional or dark pool volume levels.
Volume Spike Detection: Compares the current volume against a moving average to spot unusual surges.
OBV & MFI Confirmation: Analyzes trends in OBV and MFI to validate whether the money flow supports a buy or sell signal.
Interpreting Signals:
🟢 Whale Buy (Green Arrow & Background) → Institutional buying detected.
🔴 Whale Sell (Red Arrow & Background) → Institutional selling detected.
The WAI helps traders spot accumulation and distribution phases and potential market reversals driven by large investors.
👉 Best used with other technical indicators to confirm trends and improve accuracy.
Buy/Sell StrategyStrategy Description:
This strategy combines technical analysis with short-term buy and sell signals to help you optimize profits. To enhance your results, it's essential to incorporate additional technical indicators, such as moving averages, for better profitability.
cashdata by farashahThis indicator is designed to generate wave charts following the NeoWave method.
NeoWave, developed by Glenn Neely in 1990, offers a scientific and objective approach to wave analysis.
A Cash Data is essential for accurate analysis, requiring highs and lows to be plotted in the exact order they occurred—a process that can be complex and time-consuming.
The indicator automates this process by identifying highs and lows for any symbol and timeframe, plotting them in real-time.
For instance, on a monthly timeframe, it finds yearly highs and lows and arranges them sequentially, forming a "Yearly Wave Chart" for NeoWave analysis.
•Generates Wave Charts for multiple timeframes(yearly, monthly, weekly, daily, hourly, minutely).
• Provides real-time auto-updating Wave Charts.
• Supports plotting based on calendar time, bar count, or equal distances.
• Compatible with all account types.
Machine Learning + Geometric Moving Average 250/500Indicator Description - Machine Learning + Geometric Moving Average 250/500
This indicator combines password-protected market analysis levels with two powerful Geometric Moving Averages (GMA 250 & GMA 500).
🔒 Password-Protected Custom Levels
Access pre-defined long and short price levels for select assets (crypto, stocks, and more) by entering the correct password in the indicator settings.
Once the correct password is entered, the indicator automatically displays:
Green horizontal lines for long entry zones.
Red horizontal lines for short entry zones.
If the password is incorrect, a warning label will appear on the chart.
📈 Geometric Moving Averages (GMA)
This indicator calculates GMA 250 and GMA 500, two long-term trend-following tools.
Unlike traditional moving averages, GMAs use logarithmic smoothing to better handle exponential price growth, making them especially useful for assets with strong trends (e.g., crypto and tech stocks).
GMA 250 (white line) tracks the medium-term trend.
GMA 500 (gold line) tracks the long-term trend.
⚙️ Customizable & Flexible
Works on multiple assets, including cryptocurrencies, equities, and more.
Adaptable to different timeframes and trading styles — ideal for both swing traders and long-term investors.
This indicator is ideal for traders who want to blend custom support/resistance levels with advanced geometric trend analysis to better navigate both volatile and trending markets.
Waves and Harmonic Patterns by BULL┃NETThe B | N WAHA (Waves and Harmonic Patterns by BULL | NET)
indicator provides traders using CFD brokers with the most significant price and time events from the stock exchange of the underlying original index or security. For example traders are able to easily identify the price at the Daily Open and Close time of up to three additional stock exchanges. Traders can choose from a huge list of options including the values from the current and previous Day, Week, Month and Year. In addition traders can enable the display of the Expected Move by either implied or historical volatility. The indicator can show Open Gaps (gap between close and open of two trading sessions) also which traders would usually see only on the original chart of an index or security.
The B | N WAHA indicator can help traders to make better entry decisions based on the real market sessions.
█ ⚠️ DISCLAIMER – READ BEFORE YOU USE ⚠️
█ FEATURES
— PATTERN OPTIONS
● Deviation for ratio calculation
Any pattern has a unique set of ratios for different retracements. In a perfect world each ratio would be hit exactly. But the stock market is far from perfect and especially in volatile markets ratios have to be adjusted. The default is 5%. The maximum is 10%
● (Name of pattern)
The list of patters recognized will grow with new versions of the indicator. The settings for each pattern are the same.
Each available pattern will be recognized and drawn by default. If you disable the checkbox in front of the pattern name the indicator will ignore this pattern completely no matter if another checkbox for this pattern is active.
● Developing
As soon as a new possible pattern is recognized, the indicator will draw a label at the starting point (0, A or X) of the pattern. For the indicator “possible” means there is only the last point missing, which is D in case of ABCD and XABCD patterns. Once the last point has reached the completion price range, the indicator will draw the pattern. If you enable this checkbox the indicator will draw a zickzack line between the already existing points.
● Projection
If there is a new possible pattern the indicator will draw a projection box to indicate the price range where the final point has to be located for completion of the pattern. Don’t confuse this with a buy or sell signal! The appearance of the box doesn’t tell anything about the chance of a pattern to get completed. It simply tells you that the price has to reach the box and to retrace within the box to form a valid pattern. This allows you to prepare a strategy if the price hits the box. If you disable the checkbox no box will be drawn.
● History
For backtesting or learning purpose you can display all historical occurrences of a pattern. Best practice is to disable all other patterns and enable the history checkbox only together with the checkbox of the patten name.
— PIVOPOINT OPTIONS
To identify patterns you need pivot points. True high and lows in the chart. If you use B | N GABO or B | N DESC you already know about this concept. The indicator is using three different levels of pivot points in parallel for better detection of patterns.
● Level 1
This is the fast running pivot level. You can choose from 2 to 4. Default is 3.
● Level 2
This is the pivot level with medium pace. Selectable levels are 5 to 9. Default is 5.
● Level 3
This is the slow running pivot level. The minimum level is 10, the maximum is 20. The default is 15.
● Pivotpoints
By default pivot points are not displayed on the chart because this ads a lot of noise. For backtesting and learning purposes you can enable this option.
● Label
● Text
● Size
This three settings define the appearance of the pivot points.
— HARMONIC PATTERN OPTIONS
The settings in this section control how the zickzack line of a pattern gets drawn on the chart. The settings for bullish and bearish pattern are identical.
● Show bullish/bearish pattern
By default both types of patterns are drawn on the chart. For backtesting or learning purpose you can disable it.
● Line
The color of the zickzack lines.
● ABC
The line style to connect points A, B and C.
● CD
The line style to connect points C and D.
● (Line Width)
The width of lines ABC and CD.
● Label
The color of the label for a completed pattern. This label marks starting point.
● Developing
The color of the label while a pattern is developing.
● Text
The color of the text in the label.
● (Text size)
The size of the text.
— HARMONIC PATTERN LABEL OPTIONS
The label which marks the start of a pattern can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable them all, the label will display the designation of the pattern starting point, e.g. “A” for an ABCD or “X” for an XABCD.
● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.
● Ratio
First this is the retracement level of point C from point B toward point A. It is the decimal value of the percentage. In a perfect world this would be 0.618 (61.8%). In volatile markets this can be as low as 0.382 and as high as 0.786. If Ratio is enabled BD ratio will get displayed as well once point D is about to complete a ABCD pattern.
● Tooltip
Enabled by default the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Perfect
If the pattern is formed “perfect” it will change its color to denote a possibly strong trend reversal. E.g. a perfect AB=CD is formed if the time and price difference between A and B is equal to the time and price difference between C and D. The calculation contains a 5% deviation to reflect usual market conditions.
— PROJECTION OPTIONS
If the “Projection” checkbox of a pattern is enabled (See PATTERN OPTIONS) the indicator will display the price range where the final point must sit to form a valid pattern. You can customize the box that marks this price range or disable it at all.
● Bull / Bear
The color of the box border.
● (Style)
The line style of the box border.
● Background
The background color of the box.
● Text
The color of the text in the box.
● (Text size)
The size of the text.
— PROJECTION DESCRIPTION OPTIONS
The box which marks the possible landing zone for pattern completion can contain multiple information. To reduce noise on the chart you can disable each information separately.
● Price Range
To complete a pattern successfully point D needs to be located within the minimum and maximum price of the range. For bullish pattern the price range is increasing (e.g. 100 – 120) and for bearish pattern it is decreasing (e.g. 100 – 80).
● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.
— TARGET OPTIONS
● Display ABCD Targets
Once a pattern is completed the indicator will display multiple price lines for targets or other important price levels. This is enabled by default.
The cosmetic setting are separated for bullish and bearish pattern targets. However they are identical.
● Bull / Bear Line
The color of the target lines.
● (Line style)
The style of the target lines.
● Label
The color of the label which contains information about the target.
● Text
The color of the text in the label.
● (Text size)
The size of the text.
— TARGET LABEL OPTIONS
The target label can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable all information a blank label will be displayed necessary to hold the tooltip.
● Price
The target price.
● Number
The unique number of the pattern.
● Title
The target identifier.
● Direction
New traders often get confused with bullish and bearish pattern. A small arrow facing down or up will tell them the expected price move to reach the targets.
● Tooltip
If enabled the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Remove if hit
By default target lines and labels will get removed one bar after the price has hit the target. If you disable this option target lines will stay together with the pattern until it gets invalidated.
— DISPLAY OPTIONS
● 2 Decimals
To streamline the appearance of prices they are set to display two decimals only. Numbers get rounded! However, trading currency pairs or crypto assets might need to display the full amount of decimals. In this case simply disable the setting “2 Decimals”.
— ALERT OPTIONS
Bevor you can use alerts in TradingView you have to activate them.
1. Click on the alert button
2. From the first drop down in conditions select B | N WAHA
3. From the third drop down (the one below the first one) select Any alert() function call
4. Skip the expiration if you want the alerts to be active for ever
5. Give The Alert a name or keep the default
6. Click on create
You have to repeat this procedure in every timeframe you use. This is not a limitation of the indicator. This is how TradingView alerts work.
Now you can select the events in the alert options of B | N WAHA you want to get noticed about. Alerts get fired when a bar gets confirmed which is the last close of a bar.
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Disclaimer BullNet: The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.
Disclaimer TradingView: According to the www.tradingview.com
Copyright: 2025-BULLNET - All rights reserved.
Roadmap:
Version 1.0 03.03.2025
US Yield Curve (2-10yr)US Yield Curve (2-10yr) by oonoon
2-10Y US Yield Curve and Investment Strategies
The 2-10 year US Treasury yield spread measures the difference between the 10-year and 2-year Treasury yields. It is a key indicator of economic conditions.
Inversion (Spread < 0%): When the 2-year yield exceeds the 10-year yield, it signals a potential recession. Investors may shift to long-term bonds (TLT, ZROZ), gold (GLD), or defensive stocks.
Steepening (Spread widening): A rising 10-year yield relative to the 2-year suggests economic expansion. Investors can benefit by shorting bonds (TBT) or investing in financial stocks (XLF). The Amundi US Curve Steepening 2-10Y ETF can be used to profit from this trend.
Monitoring the curve: Traders can track US10Y-US02Y on TradingView for real-time insights and adjust portfolios accordingly.
WAVES II by WestmontWAVES II by Westmont is a next-generation evolution of the original WAVES indicator, designed to offer improved responsiveness , enhanced functionality , and clearer visual clarity . By incorporating advanced momentum filtering and smoother transitions in the VWAP (Volume Weighted Average Price) area , WAVES II provides users with a more dynamic and actionable tool for market analysis.
This indicator introduces new methodologies , visual enhancements , and advanced forecasting capabilities , making it an ideal tool for traders seeking faster insights and sharper reactions to market movements.
Key Features of WAVES II
WaveTrend Calculation
The core of WAVES II is the WaveTrend , which is calculated using the HLC3 (High + Low + Close) price .
The WaveTrend is smoothed through two processes:
EMA (Exponential Moving Average): Applied to the HLC3 to capture faster price movements .
SMA (Simple Moving Average): Applied to the first wave to smooth out shorter-term fluctuations.
VWAP Area Crossover
WAVES II calculates the VWAP area by subtracting the second wave from the first .
The indicator detects when this VWAP area crosses key levels :
Bullish Signal : When the VWAP area crosses upward with positive momentum.
Bearish Signal : When the VWAP area crosses downward with negative momentum.
Momentum Detection
Momentum is calculated by measuring the price change between bars and smoothing this change over a short period .
Positive momentum signals increasing price movement , while negative momentum indicates a slowing or reversing trend .
This momentum detection filters out weaker price movements , highlighting only the significant trend shifts and giving users confirmation of market movements.
Visual Enhancements
Glowing VWAP Lines : The VWAP area is plotted with multiple layers of colors, gradually fading in opacity. This highlights areas of strong price movement and reversals.
Fading Gradient Effect : The VWAP line is filled with a gradient that adjusts its opacity based on the distance from the center line, visually indicating market strength and reinforcing key levels.
VWAP Projection
WAVES II projects the VWAP area forward , based on its recent slope, to offer a forward-looking view of potential price movements. This projection helps traders anticipate short-term market direction and react faster to potential trend changes.
Key Differences Between WAVES and WAVES II
Smoothing and WaveTrend Calculation Adjustments
WAVES : Uses fixed smoothing parameters for WaveTrend calculation, resulting in a relatively stable and slower response to market changes.
The first smoothing (wavetrend1) uses an EMA with a fixed length.
The second smoothing (wavetrend2) uses a simple moving average (SMA) with a fixed length.
WAVES II : Introduces more responsive settings like smoothing_length, deviation_length, first_wave_length, and second_wave_length for faster reaction times to market movements. These adjustments make WAVES II ideal for traders who need quicker feedback and sharper market transitions.
Momentum Detection
WAVES : Does not incorporate momentum-based logic, relying only on the VWAP area and its relationship to historical values.
WAVES II : Adds momentum detection, which calculates the difference between current and previous price movements, smoothed over a defined period. This helps identify bullish and bearish trends more accurately, providing additional confirmation and improving signal reliability.
VWAP Area Cross Detection
WAVES : Detects VWAP area crossovers based on recent high and low values.
WAVES II : Refines cross detection by incorporating a momentum filter. A Bullish cross is confirmed when the VWAP area crosses upwards with positive momentum, while a Bearish cross is confirmed when it crosses down with negative momentum. This dual-condition approach enhances signal accuracy and offers better context for trade decisions.
Plotting and Visualization
WAVES : Plots the VWAP line, center line, and uses color transitions for VWAP area fills to represent market conditions.
WAVES II : Introduces a multi-layer glow effect for the VWAP line, with varying opacities, creating a visually dynamic experience. The gradient glow effect provides a clearer representation of market strength and proximity to the center line, making it easier to spot market shifts and interpret momentum at a glance.
Why WAVES II Was Created as a Separate Indicator
New Features and Functionality :
WAVES II introduces key features like momentum detection and VWAP projections , which significantly alter how the indicator operates. These are not minor updates but represent a shift in how the tool functions , providing faster and more detailed insights for traders. WAVES II gives traders sharper market feedback with improved responsiveness to price changes.
Targeted for Different Trading Styles :
WAVES II is aimed at traders who need faster reactions and more dynamic , reliable signals . While WAVES remains a solid choice for those who prefer a more stable, traditional approach, WAVES II caters to traders who require quicker feedback and more granular market insights. By offering both tools, traders can select the one that aligns with their style, whether that’s for faster decision-making or a more conservative approach .
Visual Clarity :
The enhanced visual effects in WAVES II, such as the multi-layer glow and gradient VWAP transitions , offer greater clarity and a more intuitive charting experience . These visual improvements allow traders to quickly interpret changes in the market, making WAVES II a more effective tool for detailed and actionable market analysis.
Clear Value for Traders :
WAVES II brings significant enhancements over the original WAVES, including more advanced features , faster momentum detection , and better visual representation of market dynamics . This makes WAVES II a more powerful tool for traders seeking dynamic market insights . It is an ideal choice for those who need quicker and more reliable feedback than traditional tools can provide.
How to Use WAVES II
Users can watch for WaveTrend crossovers (when the line crosses 0) and VWAP area dots (bullish or bearish) to spot potential buy or sell signals.
Users can use momentum to confirm signals, helping you identify whether the market is gaining or losing strength.
WAVES II offers advanced features , faster responsiveness , and clearer visuals compared to the original WAVES indicator. By introducing momentum detection and refining the handling of VWAP crossovers , WAVES II enhances the overall trading experience, providing more dynamic, actionable insights for traders. While WAVES remains an excellent tool for those who prefer a simpler, more stable approach, WAVES II is designed for traders who seek a more detailed , faster-reacting tool for market analysis.
