Wave Trend Oscillator Formula?

GEORGIOS VERGAKIS
1071

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
125754
Sergey Golubev  

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

Trend Wave

Files:
GEORGIOS VERGAKIS
1071
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...

Jan4654
62
Jan4654  
GEORGIOS VERGAKIS #:

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...

GEORGIOS VERGAKIS #:

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...

Did you improve it?

alain7890
5
alain7890  

Hi!

Has anyone managed to convert this indicator for MT5 and can share it?

Thank you !

Jan4654
62
Jan4654  
alain7890 #:

Hi!

Has anyone managed to convert this indicator for MT5 and can share it?

Thank you !

Yes auto convert and add 3 lines of code manually recompile done working.

For free mhhm ask mladen or some else good luck.

Files:
sc.png  99 kb