Another indicator based on the famous "Wave Trend Oscillator" by LazyBear.
Monitoring panel showing the Wave Trend as color for 6 different timeframes. Additionaly the Money Flow (positive or negative) is indicated as green or red dots. I find it helpful that with one glance the current Wave Trend and Money Flow on many timeframes is visible.
(Timeframes can be changed, but the description labels are currently hardcoded - if you want to change it, just copy the script and change them)
Meanings of the Colors: WT above Zero and rising : Dark Green WT above Zero and declining : Light Green WT below Zero and declining : Dark Red WT below Zero and rising : Light Red
Money flow positive : Green dot Monet flow negative : Red dot
(Currently there are two additional timeframes commented in the code - if you want to use them, just copy the script and uncomment them)
Have fun and as always I am open for constructive feedback.
Fantastic !! just one thing, unable to change the label if I choose my desired TF
zschonn
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@zschonn, Sorry I just have seen description about label.
Claykitesurfer
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Had a little look at it, it looks to catch things earlier than some, although waiting for a bit more confirmation when very volatile is less risky - but thats trading i guess :)
Jittra
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Been monitoring it. Seems like it's not "repainting" but it seems to "push" the signal forward. Let me give you an instance, if you use 5 minute timeframe on 1 min chart, let's say the signal turns green at 12.00 but if you refresh the signal will be at 12.05. Kind of odd. Still, your work is indeed interesting.