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
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...