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Best Wave

The indicator of trend (flat) with a price channel.


Trading

  • Buy - the price have crossed the central line upwards (the candlestick has closed above the line) and the channel is oriented horizontally (yellow line) or directed upwards(green line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for selling are formed.
  • Sell - the price have crossed the central line downwards (the candlestick has closed below the line) and the channel is oriented horizontally (yellow line) or directed downwards (red line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for buying are formed.


Input Parameters

  • Period - period of calculation, 24 on default;
  • Display channel - display channel, true on default.

To get full information about the market state, use the indicators: Trend check and Angle Regression Line with Divergence

Nikolay Gaylis
16477
Nikolay Gaylis 2019.01.14 06:08 
 

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Gennadiy Voltornist
12010
Gennadiy Voltornist 2017.12.06 19:19 
 

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Daniel Andrejczuk
5665
Daniel Andrejczuk 2017.11.09 03:04 
 

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Pulsestock
258
Pulsestock 2016.08.04 09:08 
 

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Nork
6158
Nork 2016.06.19 06:05 
 

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Rodrigo da Silva Boa
7173
Rodrigo da Silva Boa 2015.12.13 10:14 
 

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vadoos
1440
vadoos 2014.05.15 08:09 
 

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Vadim Strelkov
7826
Vadim Strelkov 2014.03.24 11:11 
 

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Version 1.10 2014.04.22
Added input parameters:
- Angle treshold - threshold value for displaying a flat (yellow line), 6.0 on default;
- Period volatility band - period for the volatility channel calculation.