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Wavetrend Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66467
Forum: 48 · Topic 66467 · 1 post(s)
Wavetrend Oscillator
Alexander.Gettinger · Tue Aug 07, 2018 12:14 pm
Formulas: wt1 = EMA(Raw2) with [Average_Length] number of periods, wt2 = MVA(wt1) with [Signal_Length] number of periods, wt3 = wt1-wt2, where Raw2 = (TP-EMA1)/(0.015*EMA2), TP - typical price, EMA1 = EMA(Typical price) with [Channel_Length] number of periods, EMA2 = EMA(Raw1) with [Channel_Length] number of periods, Raw1 = Abs(TP-EMA1), Abs - absolute value.
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