WaveTrend Momentum Signals MT4

Limited-time free release: WaveTrend Momentum Signals MT4 is free while MetaCoderStore collects trader feedback, bug reports, and practical feature requests for the first release cycle.

WaveTrend Momentum Signals MT4 is a clean oscillator signal tool for spotting momentum turns, overbought and oversold reactions, and cross-based continuation or reversal setups.

Use cases

  • Find WaveTrend line and signal-line crosses inside extreme zones.
  • Confirm pullbacks during active trends with an oscillator view that is smoother than raw RSI.
  • Feed discretionary or EA workflows with simple buy, sell, and zone buffers.

What it shows

  • WT line, signal line, and momentum histogram in a separate indicator window.
  • Optional buy and sell arrows drawn by the indicator when the selected signal rule triggers.
  • Overbought and oversold guide levels for fast visual context.

Main features

  • Configurable channel, average, and signal smoothing lengths.
  • Signal modes for all crosses, extreme-zone crosses, or exits from extreme zones.
  • Popup and push notifications with a closed-bar alert option.
  • EA-readable signal and zone buffers.

Basic use

  1. Attach the indicator to any MT4 chart.
  2. Use the default CrossInExtreme mode for fewer signals, or CrossOnly for faster feedback.
  3. Combine signals with trend, structure, volatility, or session context before trading.

Inputs

  • ChannelLength, AverageLength, SignalLength: oscillator smoothing controls.
  • OverboughtLevel and OversoldLevel: extreme-zone thresholds.
  • SignalMode: CrossOnly, CrossInExtreme, or ExtremeExit.
  • ShowSignalArrows, EnablePopupAlerts, EnablePushNotifications, AlertOnClosedBarOnly.

Buffers for EA integration

  • Buffer 0: WT line.
  • Buffer 1: Signal line.
  • Buffer 2: Momentum histogram.
  • Buffer 3: Buy arrow price in the indicator window, EMPTY_VALUE when inactive.
  • Buffer 4: Sell arrow price in the indicator window, EMPTY_VALUE when inactive.
  • Buffer 5: Signal value, 1 for buy, -1 for sell, 0 for no signal.
  • Buffer 6: Zone value, 1 for oversold, -1 for overbought, 0 for neutral.

Risk note: This is a technical analysis indicator, not a complete trading system. Signals can fail in fast, flat, or news-driven markets. Test settings on your own symbols and timeframes before using them live.

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Indicadores
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5 (1)
Indicadores
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Indicadores
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Indicadores
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Indicadores
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4.91 (659)
Indicadores
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Indicadores
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Indicadores
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The Hung Ngo
Indicadores
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Md Meraz Mahmud
Indicadores
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Roman Podpora
5 (2)
Indicadores
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4.91 (302)
Indicadores
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Mattia Marco Platania
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