Wave Reversal Indicator

4

Wave Reversal Indicator - determines the direction of trend waves and price reversals.


The indicator shows wave movements and trend directions. It gives recommendations where to follow the trader, helps to follow the trading strategy.
It is an addition to an intraday or medium-term strategy.
Almost all parameters are selected for each time frame and are changed automatically, the only parameter for manual adjustment is the wavelength.
Works on various trading instruments and timeframes, recommended to use M5, M15, M30, H1, H4.

Product Features
The horizontal blue-green line is a smoothed trend to confirm reversals.
The yellow and red lines around the central line are predicted reversal lines that determine wave movements.
If the yellow and red lines are pointing up after the confirming green up arrow, the wave movements are bullish, confirming the green trend line.
If the yellow and red lines point out after the confirming blue down arrow, the wave movements are bearish, the blue trend line confirms.


Input parameters

    • Period of smoothed price direction - Changes the smoothed price direction (blue-green line).
    • Wave length - Determines the length of the trend wave.
    • Wave smoothing - Smoothness of the wave when forming signal arrows, reduces market noise.
    • Play sound / Display pop-up message / Send push notification / Send email (true/false) - Use alerts when signal points appear.
    • Sound file signal - Sound file for signals


      Reviews 4
      Junhua Zheng
      185
      Junhua Zheng 2024.06.13 11:34 
       

      very good!请问可以写成ea交易程序吗?

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      PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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      An automatic trend indicator that uses an algorithm to determine impulse signals for scalping and intraday trading. The trend-following indicator automatically calculates potential entry and exit points for trades. The indicator contains a trend line and a target channel for following signals, changing color depending on the direction. Main characteristics Signal colored candles and arrows: blue - downward direction, red - upward direction. Yellow dots for exiting trades are located along the
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      Chango Mango
      142
      Chango Mango 2024.08.28 20:27 
       

      Repaint like Picasso

      Junhua Zheng
      185
      Junhua Zheng 2024.06.13 11:34 
       

      very good!请问可以写成ea交易程序吗?

      vandreifx
      224
      vandreifx 2024.05.18 09:15 
       

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      Solene Clement
      370
      Solene Clement 2024.05.17 11:44 
       

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