WaveTrend SuperSmoother Signals IRABC

Overview

Irabc WaveTrend SuperSmoother Signals is a momentum oscillator for MetaTrader 5 that shows where the market is overbought or oversold and marks high-quality turning points with Buy and Sell dots.

It is a smoother, cleaner version of the classic WaveTrend oscillator. The signal line is filtered with an Ehlers SuperSmoother, which removes noise with very little delay, and every crossover is checked by an extra filter before a signal is shown. The result is fewer false signals and a chart that is easy to read.

Based on an open-source TradingView script, rebuilt and optimized for MetaTrader 5.

Key features

• Smooth WaveTrend line calculated on log price, so it behaves the same on Forex, Gold, Indices, Crypto and Stocks
• Ehlers SuperSmoother filter for a clean signal line with low lag
• SMA line and color histogram showing momentum direction and strength
• Shaded overbought and oversold zones
• Filtered Buy (blue) and Sell (red) dots: crossovers must pass a 5-bar confirmation and a hidden-divergence check
• Signals are confirmed on closed bars only, so past signals do not change
• Pop-up alerts and push notifications to your phone
• Works on any symbol and any timeframe
• Every element can be turned on or off

How to use

• Blue dot: possible buying opportunity, best when it appears in or near the oversold zone
• Red dot: possible selling opportunity, best when it appears in or near the overbought zone
• Histogram above zero (light blue): bullish momentum. Below zero (orange): bearish momentum
• Signal line in the green zone: market is overbought. In the orange zone: market is oversold
• For best results, trade signals in the direction of the higher-timeframe trend and combine them with your own support and resistance levels

Input parameters

• Channel Length (default 10): period used to measure price distance from its average. Lower = faster, higher = smoother
• Average Length (default 21): smoothing period of the WaveTrend line
• Signal Smoothing (default 4): period of the Ehlers SuperSmoother filter (minimum 1)
• MA Period (default 4): period of the SMA line used for crossovers and the histogram
• Overbought Level (default 0.75): upper zone level
• Oversold Level (default -0.75): lower zone level
• Histogram (default true): show or hide the histogram
• Buy/Sell Signals (default true): show or hide the signal dots
• Fill OB/OS areas (default true): show or hide the shaded zones
• Source (default Close): price used for the calculation
• Alert on Buy/Sell signal (default true): pop-up alert when a new signal appears on a closed bar
• Also send push notification (default false): send the alert to the MetaTrader mobile app (set your MetaQuotes ID in Tools > Options > Notifications)

Notes

• On very low timeframes (M1-M5), signals may differ slightly from other platforms because brokers use different price feeds. On H1 and higher they match closely.
• This indicator does not open trades. It is an analysis tool and does not guarantee profits.