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YD MediumWave

This is the medium wave chart presenting an alternative look at the charts.

The price movement forms a wave. The indicator finds average values of these waves and draws a new chart based on the data.

The indicator does not depend on time!


Parameters

  • Bars To Count - number of bars for the calculation
  • update once in bar - "true" to update the chart on each candle, "false" to update the chart on each tick (heavy terminal load)
  • Period - wave period for the calculation
  • Box color up - bullish candle color
  • Box color down - bearish candle color
  • Candle width bars - candle width
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