Oscillator: WaveTrend_Enhanced - GB

Enhanced version of the standard WaveTrend Oscillator, a leading oscillator that measures momentum. Easy-to-use and even more profitable than the standard version.

This script uses a custom calculation formula to measure the momentum of a market.

The new calculation formula allows the script to reduce the noise from false/weak signals and signal Long and Short entries/exits one or two candles earlier (on average) than the standard script using HA candles.

It can be used with high profitabily for scalping on super low timeframes, swing trading on intermediate timeframes and even for position trading on higher timeframes.

If you’d like to test the oscillator on TradingView, send me a PM on TradingView.

Features:

• Custom calculation formula which produces earlier signals with less noise than the standard script.
  
  
• Custom alerts for every signal.
  
  
• Custom alerts for signals that occur in Overbought/Oversold zones.
  
  
• Ability to use different chart resolution for the oscillator and the chart on TradingView. For example, plot the oscillator of 1min timeframe on a 3min timeframe chart. It helps a lot when scalping on super low timeframes.
  
  
• Free support of the script and free guidelines on how to get the best out of it in my free discord here - discord.gg/35d8gS8
  

Upcoming features:

• Add a SAFE mode to the script which allows the user to match signals on different timeframes. For example, if 3min timeframe is bullish, then the script will plot Long signals only on 1min timeframe.
  

Nota Keluaran:

Version 1.01:

• Testing a new layout with the overlay argument set to true.
  

Nota Keluaran:

v. 1.02

• Added alerts for long/short signals below/above the 0 line.
  
  
• Added the version of the script to the script title.
  
  

Nota Keluaran:

v. 1.03

• Reverted back to the old layout with the overlay argument set to false.
  
  
• Fixed an issue with the input settings of OB/OS values.
  

Nota Keluaran:

Version - 1.04

• Updated the calculation formula. Now the signals are more accurate and there is less noise from false signals.
  

Optimal Settings:


Weekly: 8 - 13

Daily: 16 - 13

Timeframes < 4h: 20 -13

Nota Keluaran:

Version 1.05:

• Improved the algorithm for even less noise during high frequency trading/high timeframe trading.
  
  
• Added the respective alerts.
  

Nota Keluaran:

Version 1.06

• Added a feature that indicates possible local bottom areas on the chart based on volume - price analysis.
  
  
• Added alerts for possible local bottom areas.
  
  
• Removed rarely used options from the settings.
  

Nota Keluaran:

Version 1.07

• Added an algorithm that checks for possible (local) tops in the market. Best used on candlestick charts.
  

Nota Keluaran:

Version 1.08

• Added notifications & alerts for Take Profit levels based on the algo that predicts possible tops and bottoms of the market.
  
  
• Added ATR bands that can be used as trailing SL and as support/resistance.
  

Nota Keluaran:

Fixed spelling.

Nota Keluaran:

Version 1.09

• Updated the algo.
  
  
• Removed unused parts of the code
  

Nota Keluaran:

Minor visual updates.

Nota Keluaran:

Minor visual update.

Nota Keluaran:

Version 1.10

• Added TD Setup & Countdown based on Jason Perl's Rules of TD Sequential - www.mysmu.edu/facult...rt/QF206/Week_05.pdf
  
  
• Minor visual updates.
  

Nota Keluaran:

Minor visual update.

Nota Keluaran:

Visual updates.

Nota Keluaran:

Minor visual update.

Nota Keluaran:

VIsual update.

Nota Keluaran:

Improved performance, removed unused code.

Find the Backtesting Report/Strategy script here:

Nota Keluaran:

Visual updates.

Nota Keluaran:

Visual Update.

Nota Keluaran:

Visual update.

Nota Keluaran:

Visual Update.

Nota Keluaran:

Optimal Settings update.

Nota Keluaran:

Optimized settings based on the historical price data from Bitmex from 3/1/2019 - 4/6/2019.

Nota Keluaran:

Pre-monthly update.

Nota Keluaran:

Version 1.14

• Added some extra features.
  

Nota Keluaran:

Optimized the filters & the settings of the algo using price data from BITMEX:XBTUSD 1/4/2019 - 1/7/2019.

Nota Keluaran:

Visual Update.

Nota Keluaran:

Version 1.15

• Re-optimized the settings.filters. The algo now use the price history of May, June, July to live trade in August.
  

Nota Keluaran:

Version 1.16

• Settings update.
  

Nota Keluaran:

Visual update.

Nota Keluaran:

Further settings update.

Nota Keluaran:

Version 1.17

- Added Soft SL Deviations for adding to your positions when the price is x% away from the Soft SL. (+Alerts)
- Added alerts for when the price retests the Soft SL.
- Added separate alerts for bullish/bearish reversal signals for when long and when short.

Nota Keluaran:

Version 1.18

Re-optimized the settings/filters using the historical price data of BitMEX:XBTUSD from 1/6/2019 to 1/9/2019 for living trading in September.

Nota Keluaran:

Version 1.19

- Improved algorithm. (Volatility Filter)
- Added volatility calibrated Hegde/Add signals + alerts. The sensitivity of the signals can be determined by the user.
- Cleaned the codebase by removing old/unused code.

Nota Keluaran:

- Updated default values of Hedge/Add signals.

Nota Keluaran:

Version 1.09

- Re-optimization update.

Nota Keluaran:

Version 1.20

- Re-optimization update.

Nota Keluaran:

Vesion 1.20.b

- Fixed a typo in the settings.

Nota Keluaran:

Version 1.21

- Updated the Hedge/Add signal algorithm (Multi-Timeframe & faster signals by one or two bars without any added lag)
- Updated the rest of the code.

Nota Keluaran:

Version 1.22

- Version 1.22 supports both "MTF" Hedge/Add signals and Hedge/Add signals based on the previous logic.
- Automatically switch between "MTF" and "Old" Hedge/Add signals from the settings menu.

Nota Keluaran:

Version 1.23

- Added Dark/Light mode to the Soft SL.

Nota Keluaran:

Version 1.24

- Default settings update.

Nota Keluaran:

Version 1.25

- Updated settings.
- Visual changes.

Nota Keluaran:

Version 1.26

• Added Take Profit Signals & their respective alerts.
  
• Fixed max_bars_back bug.
  

Nota Keluaran:

Version 1.27

• Optimization udpdate | 01/06/2020 - 21/08/2020
  

Nota Keluaran:

- Settings Update

Nota Keluaran:

Version 1.28

• Settings update.
  

Nota Keluaran:

Version 1.29

- Settings Update.
- Remove unused code.

Nota Keluaran:

Version 1.30

- Changed the calculation formula for the SSL. No more large spikes. Improved performance.
- Re-optimized settings adjusted to the new SSL calculation formula.
- Long-Only Strategy.

Nota Keluaran:

Version 1.31

- Re-optimized Long-Only Settings.

Nota Keluaran:

Version 1.32

- Updated settings parameters.

Nota Keluaran:

Version 1.33

- Settings update.

Nota Keluaran:

Version 1.34:

- FTX re-optimization update.

Nota Keluaran:

- Version 1.06: Updated settings.