Updated

SMA & Elliott Wave Buy/Sell Signal (V1)

10, 20, 50 day SMA and Elliot Wave for Buy/Sell Signal

Release Notes

Elliott Wave "Strong Side": Added an ADX (Average Directional Index) filter. If the ADX is below 20, the market is "choppy," and all signals are silenced.

Crossover Accuracy: MACD Histogram to be growing in the direction of the trade (accelerating momentum), for a "strong side" signal.

Volume Filter: Both Buy and Sell signals adjusted be at least 30% higher than the 20-day average to confirm institutional conviction.

Release Notes

Alerts: Create an alert and set the message to {{alert_message}}. Message format is JSON to enable integration with workflow tools like Zapier or AI agents.

Catching Corrective Waves: By adding the trendExhaustionSell condition, the script no longer waits for a full SMA crossover (which is a lagging indicator). It will fire a sell signal if the price breaks the VIDYA line while selling volume is high.

High Selling Volume: Enhanced volume check to specifically flag red candles with high volume as a high-conviction exit signal.

Release Notes

No user impact: Only edits to comments.

Release Notes

Switched to Impulse MACD

Release Notes

Optimized signals by removing noise
Fixes alert issue

Release Notes

RSI oversold guard — SELL signals blocked when RSI < 35 to avoid selling into wave C bottoms.
Strong buy — No buy when VIDYA is flattening (avoids wave 5 tops).
Strong sell — No sell when bullish divergence is present (avoids wave C bottoms).

Release Notes

NOTE: This version is deprecated and will not be maintained. Use Wirezard Wave Rider instead.

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Watchlist: tradingview.com/watchlists/194198902/

Disclaimer

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Watchlist: tradingview.com/watchlists/194198902/