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WaveTrend Momentum Oscillator

5

WaveTrend Momentum Oscillator is an upgrade to the popular and easy-to-use WaveTrend Oscillator. The WaveTrend Momentum Oscillator adds a momentum component to the original WaveTrend calculation, in order to provide faster and more accurate entry points during trendy market conditions.

Do you prefer the original WaveTrend Oscillator? The WaveTrend Momentum Oscillator allows you to switch between momentum and original WT versions. Both provide valuable information depending on the market condition.

When the WT is above the overbought level and crosses below the control line, this is a good sell signal. When the WT is below the oversold level and crosses above the control line, this is a good buy signal. Colored circles highlight buy and sell signals. Divergences between WT and price movement can indicate an upcoming reversal.


Alerts

We have added sound, message, and email alerts for WaveTrend crossovers during overbought (sell signal) and oversold (buy signal) conditions. Overbought and oversold levels are user-selectable. Email recipient and smtp information must be specified in MT4/options before using email alerts.


Parameters

  • WaveTrend Type (Momentum or Original): Select momentum or original WaveTrend indicator types
  • Calculation period (Default=10): # bars used to calculate WaveTrend
  • Averaging period (Default=21): # bars used to average WaveTrend
  • Momentum Length (Default=4): # bars used to calculate WaveTrend momentum
  • Overbought Level (circles & alerts): User-defined overbought level for plotting colored circles and triggering alerts
  • Oversold Level (circles & alerts): User-defined oversold level for plotting colored circles and triggering alerts
  • Turn on/off all alerts: If true allows all alerts, if false prevents all alerts
  • Alert when signal crosses ctrl above overbought level: If true, alerts when WT crosses below control and is above the overbought level (put signal)
  • Alert when signal crosses ctrl below oversold level: If true, alerts when WT crosses above control and is below the oversold level (call signal)
  • Turn on alerts message: If true, turns on message box alerts
  • Turn on alerts sound: If true, turns on alerts sound
  • Turn on alerts email: If true, turns on alerts emails
Comentarios 8
jabautista
3801
jabautista 2021.12.28 19:31 
 

Good Indicator. When changing the size of the lines, they do not stay.

intan08
1386
intan08 2020.09.15 09:43 
 

Worth every penny!

Formateck desk
103
Formateck desk 2020.08.10 08:32 
 

Cet indicateur mérite d’être plus connu. On gagne presque a tous les coups en tradant le passage du zero. Ne repeint pas, cet indicateur est de loin le meilleurs et le plus fiable que j'ai trouvé et il me fait gagner de l'argent . Il n'est pas cher vous ratez une belle occasion si vous ne l'essayez pas et je ne suis pas payé par le programmeur. Je l'ai loué mais je vais l'acheter le mois prochain .Je l'utilise avec un autre petit indicateur qui est très fiable c'est 2 period RSI alert qui n'est pas cher avec les 2 je fais des miracles . Merci au développeur qui mérite un grand bravo. Je désespérai de trouver quelque chose de fiable maintenant c'est fait.

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Martin Alejandro Bamonte
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Oleg Rodin
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Aleksandr Makarov
5 (2)
Special offer! https://www.mql5.com/ru/users/bossik2810 System Trend Pro - This is the best trend trading indicator!!! The indicator no repaint!!!  The indicator has   MTF   mode, which adds confidence to trading on the trend (   no repaint   ). How to trade? Everything is very simple, we wait for the first signal (big arrow), then wait for the second signal (small arrow) and enter the market in the direction of the arrow. (See screens 1 and 2.) Exit on the opposite signal or take 20-30 pips,
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Afsal Meerankutty
4.93 (15)
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Juvenille Emperor Limited
5 (3)
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Aleksandr Makarov
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ACTUALMENTE 26% DE DESCUENTO ¡La mejor solución para cualquier operador novato o experto! Este indicador es una herramienta única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una nueva fórmula. ¡Con sólo UN gráfico puede leer la Fuerza de la Divisa para 28 pares de Divisas! Imagínese cómo mejorará su operativa porque podrá señalar el punto exacto de activación de una nueva tendencia o de una oportunidad de scalping. Manual del usuario: haga cli
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Ashkan Hazegh Nikrou
5 (4)
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IQ Gold Gann Levels a non-repainting, precision tool designed exclusively for XAUUSD/Gold intraday trading. It uses W.D. Gann’s square root method to plot real-time support and resistance levels, helping traders spot high-probability entries with confidence and clarity. William Delbert Gann (W.D. Gann) was an exceptional market analyst, whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient mathematics which proved to be extremely accurate. Download
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Daniel Stein
5 (2)
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True Choppiness Direction   determines if the market is choppy (trading sideways) or if it is trending, as well as the trend direction and strength   (green=up, red=down, grey=no trend) . The underlying algorithm is designed to detect trend movements even in the presence of noisy market data, please see screenshots. Trend strength is indicated by taller or shorter red/green fill. Choppiness index is range-bound between -50 (very trendy) and +50 (very choppy). This is a custom algorithm designed
The Relative Momentum Index (RMI) was developed by Roger Altman, and introduced in his Feb 1993 article in Technical Analysis of Stocks & Commodities magazine. As its name suggests, Relative Momentum Index adds a momentum component to the traditional RSI, designed to increase reliability by decreasing spurious oscillations between defined overbought and oversold levels. This Relative Momentum Index indicator has 2 components. A change in RMI line color provides a warning signal for an upward or
Two Period RSI + Alerts compares long-term and short-term RSI lines, and plots a fill between them for improved visualization. Fill is colored differently according to an uptrend (short period RSI above long period RSI) or a downtrend (short period RSI below long period RSI). Short-term RSI crossing long-term RSI adds a more robust trend confirmation signal than using single period RSI alone. This is a tool to help visualize and confirm RSI trends. We hope you enjoy! Alerts Email, message, and
Detect strength for uptrends and downtrends by tracking Buy Power and Sell Power. Stay on the right side of the market by being able to determine whether the market is in a bull or bear trend and how strong the trend is. Free download for a limited time! We hope you enjoy, with our very best wishes during this pandemic! Trend Trigger Factor  aims to ride out sideways movement, while positioning the trader in the correct side of the market to capture big trends when they occur. It was   origin
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"Capture the sleeping and waking alligator." Detect trend entrance/exit conditions - this indicator can also be tuned according to your trading style. You can adjust a confidence parameter to reduce false positives (but capture less of the trend). This is based on a modification of the Alligator indicator by Bill Williams, an early pioneer of market psychology.  2 main strategies: either the " conservative"  approach to more frequently make profitable trades (at a lower profit), or the " high r
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5 (4)
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Whether trading stocks, futures, options, or FX, traders confront the single most important question: to trade trend or range? This tool helps you identify ranges to either trade within, or, wait for breakouts signaling trend onset. Free download for a limited time! We hope you enjoy, with our very best wishes during this pandemic! The issue with identifying ranges is some ranges and patterns are easy to miss, and subject to human error when calculated on the fly. The Automatic Range Identifi
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Libertas LLC
4.33 (3)
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"The VIX Fix is a powerful indicator that detects market bottoms for any asset " The VIX (volatility index) is a ticker symbol of implied volatility of the S&P 500, calculated by the Chicago Board Options Exchange. VIX is a popular measure of market risk, and is one of the best measures of market bottoms that currently exists. Unfortunately, it only exists for the S&P 500... The VIX Fix was published by Larry Williams in 2007, and it synthesizes a VIX volatility index for any asset (not just the
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Libertas LLC
3 (4)
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Catch major price movements, early in the trend. Alerts you to enter at the likely beginning of a trend, and if it's incorrect, quickly alerts you to exit to limit any loss. Designed to capture large, profitable price movements, with early entrance to maximize your returns. As shown in screenshots, typical behavior is  several quick entrance/exists with small loss , and then  capture of a large trend with high profits .  The   Instantaneous Trend  indicator is a lag-reduced method to detect pri
Looking for strong trend entrance and exit points of trends? This incorporates volume into price calculations for a fast entry/exit, showing how supply and demand factors are influencing price, and  giving you more insights than the average trader uses. The   Volume Accumulation Trend   indicator is a cumulative indicator that uses both   volume  and   price  to investigate whether an asset is growing or falling. It identifies differences between the price and the volume flow, which lets us kno
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EMA Separation Coefficient reflects the separation between short-term and long-term exponential moving average trend resistance, as well as the direction of the current movement. Pay attention to potential crossover points when the coefficient approaches zero, this may indicate an upcoming breakout or reversal. Wait for confirmation of the trend before entering the trade, and exit when the coefficient forms a max (for calls) or a min (for puts). This is a small tool to help visualize the differe
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Choppiness Index
Libertas LLC
5 (1)
"Wouldn't we all love to reliably know when a stock is starting to trend, and when it is in flat territory? An indicator that would somehow tell you to ignore the head fakes and shakeouts, and focus only on the move that counts?" The Choppiness Index is a non-directional indicator designed to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). It is an oscillating indicator between -50 (very trendy) and +50 (very choppy). There are man
Automate your charting with the All-In-One SRES channel indicator. This is a complete package designed to address 3 questions: (1) when to enter a trade, (2) what is a good exit point, and (3) what is the probabilistic likelihood of success of the trade. Longevity and Flexibility : The All-In-One SRES calculates and charts S upport, R esistance, E xpected range, and a S queeze channel, and is enormously flexible for many trading strategies. Each option is customizable to fit your strategy, and c
"Battles between bulls and bears continue to influence price development long after the combat has ended, leaving behind a messy field that observant technicians can use to manage risk and find opportunities. Apply "trend mirror" analysis to examine these volatile areas, looking for past action to impact the current trend when price turns and crosses those boundaries." - Investopedia.com RSI Mirrors and Reflections is a robust technique using multiple RSI periods, mirrors and reflections based o
Fano Factor is a measure of the dispersion of the probability distribution of Fano noise, named after Ugo Fano, an Italian-American Physicist. Fans has applications in Particle Detection and Neuroscience for describing variability in complex multivariate data. In trading, we have discovered Fano can be used as a 'signal to noise' ratio, and can indicate the strength of price movements (i.e., price movement is greater than predicted by purely statistical measures). Like standard deviation, Fano F
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." Modified TTM Squeeze Indicator is a modifica
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." The StdATR Squeeze Channel combines standard
True Choppiness Direction determines if the market is choppy (trading sideways) or if it is trending, as well as the trend direction and strength (green=up, red=down, grey=no trend) . The underlying algorithm is designed to detect trend movements even in the presence of noisy market data, please see screenshots. Trend strength is indicated by taller or shorter red/green fill. Choppiness index is range-bound between -50 (very trendy) and +50 (very choppy). This is a custom algorithm designed by u
Trendiness Index
Libertas LLC
5 (3)
"The trend is your friend" is one of the best known sayings in investing, because capturing large trendy price movements can be extremely profitable. However, trading with the trend is often easier said than done, because many indicators are based on price reversals not trends. These aren't very effective at identifying trendy periods, or predicting whether trends will continue. We developed the Trendiness Index to help address this problem by indicating the strength and direction of price trend
The  Laguerre VIX Trend Extrema   (LVTE)  indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. How to use:   Buy   when the indicator was in the lower "blue" range for more than 2 candles, and then moves up into grey.   Sell   when the indicator was in the upper "red" range, and then moves down into orange. Please see screenshots for examples! To make it simple, the indicator can show this by paint
Laguerre SuperTrend Clouds adds an Adaptive Laguerre averaging algorithm and alerts to the widely popular SuperTrend indicator. As the name suggests, Laguerre SuperTrend Clouds (LSC) is a trending indicator which works best in trendy (not choppy) markets. The SuperTrend is an extremely popular indicator for intraday and daily trading, and can be used on any timeframe. Incorporating Laguerre's equation to this can facilitate more robust trend detection and smoother filters. The LSC uses the impro
Two Period RSI + Alerts compares long-term and short-term RSI lines, and plots a fill between them for improved visualization. Fill is colored differently according to an uptrend (short period RSI above long period RSI) or a downtrend (short period RSI below long period RSI). Short-term RSI crossing long-term RSI adds a more robust trend confirmation signal than using single period RSI alone. This is a tool to help visualize and confirm RSI trends. We hope you enjoy! Alerts Email, message, and
"Battles between bulls and bears continue to influence price development long after the combat has ended, leaving behind a messy field that observant technicians can use to manage risk and find opportunities. Apply "trend mirror" analysis to examine these volatile areas, looking for past action to impact the current trend when price turns and crosses those boundaries." RSI Mirrors and Reflections is a robust technique using multiple RSI periods, mirrors and reflections based on RSI values to ind
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." The Modified TTM Squeeze Indicator is a modi
Catch major price movements, early in the trend. Alerts you to enter at the likely beginning of a trend, and if it's incorrect, quickly alerts you to exit to limit any loss. Designed to capture large, profitable price movements, with early entrance to maximize your returns. As shown in screenshots, typical behavior is several quick entrance/exists with small loss , and then capture of a large trend with high profits .  The Instantaneous Trend  indicator is a lag-reduced method to detect price t
Laguerre SuperTrend Clouds   adds an Adaptive Laguerre averaging algorithm and alerts to the widely popular SuperTrend indicator. As the name suggests,   Laguerre SuperTrend Clouds (LSC)   is a trending indicator which works best in trendy (not choppy) markets. The SuperTrend is an extremely popular indicator for intraday and daily trading, and can be used on any timeframe. Incorporating Laguerre's equation to this can facilitate more robust trend detection and smoother filters. The LSC uses the
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Everzwijn
19
Everzwijn 2023.11.08 18:57 
 

El usuario no ha dejado ningún comentario para su valoración

jabautista
3801
jabautista 2021.12.28 19:31 
 

Good Indicator. When changing the size of the lines, they do not stay.

intan08
1386
intan08 2020.09.15 09:43 
 

Worth every penny!

Formateck desk
103
Formateck desk 2020.08.10 08:32 
 

Cet indicateur mérite d’être plus connu. On gagne presque a tous les coups en tradant le passage du zero. Ne repeint pas, cet indicateur est de loin le meilleurs et le plus fiable que j'ai trouvé et il me fait gagner de l'argent . Il n'est pas cher vous ratez une belle occasion si vous ne l'essayez pas et je ne suis pas payé par le programmeur. Je l'ai loué mais je vais l'acheter le mois prochain .Je l'utilise avec un autre petit indicateur qui est très fiable c'est 2 period RSI alert qui n'est pas cher avec les 2 je fais des miracles . Merci au développeur qui mérite un grand bravo. Je désespérai de trouver quelque chose de fiable maintenant c'est fait.

Deepan Kalaiselvan
231
Deepan Kalaiselvan 2020.07.16 19:04 
 

signals are good . rarely could see good stable indicator like this. it would be nice if you update it with zero line cross alert. hope you would add it in the next update.

WayneD
354
WayneD 2020.03.31 11:24 
 

WayneD 2020.03.31 11:05 #9 EN

I have been renting this Indicator for a month, it does a great job when you get the tuning right. It does drive me crazy though, constantly having to rebuild the changes that you made in the Inputs or especially in the Colours and Ball sizes. If you have all your colours and sizes set and you come back again to change just one input, Whamoo... all your settings revert to the default and off you go and rebuild them. Even saving them in a .set file won't hold the settings you just saved.

PLEASE FIX THIS FAULT..... and I for one will stop renting and buy the Indicator.... Thanks for listening. WayneD

Peter
1108
Peter 2017.12.11 18:25 
 

Great indicator with good signals. It's also great to use for divergence.

xMarvel
795
xMarvel 2017.10.19 13:32 
 

This is a great Oscillator that helps in entry and exit trades especially with other combination or alone after tweaking.

I have been using it since I got it. 49$ seems a reasonable price for a solid profitable indicator.

I hope you can develop EA from it. I think it would be a good EA scalper on 1M.

Respuesta al comentario
Versión 1.4 2021.12.01
Updated for MT4 new version compatibility
Versión 1.3 2021.12.01
Updated for new MT4 version compatibility
Versión 1.2 2017.03.22
- Users can now customize indicator colors
- Replaced "alerts are ON" warning popup with printed message in Experts tab
- Updated indicator icon