A very simple utility based on the ATR, it is able to indentify waves in all market types and conditions. Unlike the PSAR, the Wave Indicator gives (almost) no false signals.
- ATR_PERIOD: period used by the ATR (recommended: 14);
- ATR_MOLT: ATR moltiplicator (recommended: 1);
I will be posting updates, other indicators and advisors (some free) in the next months so keep tuned :)