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WT-LB indicator // Trend Wave indicator

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Micha2014
20
Micha2014 2016.08.12 12:49 

Hello All,

I`m a mt5 newbee and would like to ask for help.

Since several weeks I serach for this indicator for MT5:

https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/

Is it possible to "translate" into mt5-code?

//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note.
//
study(title="WaveTrend [LazyBear]", shorttitle="WT_LB")
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")
 
ap = hlc3
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
 
wt1 = tci
wt2 = sma(wt1,4)

plot(0, color=gray)
plot(obLevel1, color=red)
plot(osLevel1, color=green)
plot(obLevel2, color=red, style=3)
plot(osLevel2, color=green, style=3)

plot(wt1, color=green)
plot(wt2, color=red, style=3)
plot(wt1-wt2, color=blue, style=area, transp=80)


This is a great indicator...it alreadya exists - in variations - for MT4...but unfortunaltely I dont know how to transfer to MT5.

Please would you kindly help...

Thank you in advance.

Micha2014

Marco vd Heijden
Moderator
4733
Marco vd Heijden 2016.08.12 19:08  
Micha2014:

Hello All,

I`m a mt5 newbee and would like to ask for help.

Since several weeks I serach for this indicator for MT5:

https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/

Is it possible to "translate" into mt5-code?

This is a great indicator...it alreadya exists - in variations - for MT4...but unfortunaltely I dont know how to transfer to MT5.

Please would you kindly help...

Thank you in advance.

Micha2014

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