Wave Trend Oscillator Formula?

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GEORGIOS VERGAKIS
263
GEORGIOS VERGAKIS  

Does anyone know the basis for the Wave Trend Oscillator Formula?

Some clients want this for the MT4/5 platforms,   personally I don't believe it's any better than other indicators,   but that's what clients want, sounds like an overhyped indicator to me

it's a formula based on emas, therefore it's a momentum indicator, but I may be able to improve it, or at least add false signal filters

Sergey Golubev
Moderator
106683
Sergey Golubev  

I found one similar indicator (attached) but for MT4 only sorry - 

Trend Wave

GEORGIOS VERGAKIS
263
GEORGIOS VERGAKIS  
Sergey Golubev:

I found one similar indicator (attached) but for MT4 only sorry - 


it looks right,  thanks!!

yes, it's intended to be the basis for new EAs,  on the MT4 platform, I will study it carefully to see how it can be improved...

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