OPEN-SOURCE SCRIPT
Cipher Wave B
Cipher Wave B bundles five classic oscillators into a single, color-coded momentum pane so you can read trend, momentum, and exhaustion at a glance — without stacking five separate indicators.
What's inside
🌊 Blue Wave (WaveTrend) — the centerpiece. A fast wave and a smoothed signal line; when the signal crosses the wave at an extreme, you get a turn. Long/short thresholds at ±60.
🟢🔴 Money Flow — a volume-weighted directional area. Fills green above zero when buyers dominate, red below when sellers do. Use it to read the environment before acting on any signal.
🟣 RSI — heavily smoothed, plotted 0–100 so you can spot divergences against price.
🟢🔴 Stochastic RSI — a smoothed line that shifts green (rising) or red (falling) to flag momentum divergences.
🟡 VWAP oscillator — a self-normalizing yellow area showing whether price is stretched above or below its volume-weighted mean. Snaps back toward zero over time.
Signals
Green dots fire on a Blue Wave cross-up while oversold (potential bottom); red dots on a cross-down while overbought (potential top). They're pinned to the bottom ribbon and intentionally selective — tune sensitivity with the Dot Level inputs. Alerts are built in for both dots and raw wave crosses (set them to "Once Per Bar Close" to avoid intrabar flicker).
Notes
Calculates on Heikin Ashi internally by default (toggle in settings) for smoother reads.
Every component, threshold, color, and dot size is adjustable.
Built on the open-source WaveTrend oscillator by LazyBear — full credit to the original author.
This is a momentum visualization tool, not a crystal ball. No oscillator predicts price. Use it to filter and confirm, manage risk, and combine timeframes — not as a standalone buy/sell machine.
Not financial advice. For educational purposes.
What's inside
🌊 Blue Wave (WaveTrend) — the centerpiece. A fast wave and a smoothed signal line; when the signal crosses the wave at an extreme, you get a turn. Long/short thresholds at ±60.
🟢🔴 Money Flow — a volume-weighted directional area. Fills green above zero when buyers dominate, red below when sellers do. Use it to read the environment before acting on any signal.
🟣 RSI — heavily smoothed, plotted 0–100 so you can spot divergences against price.
🟢🔴 Stochastic RSI — a smoothed line that shifts green (rising) or red (falling) to flag momentum divergences.
🟡 VWAP oscillator — a self-normalizing yellow area showing whether price is stretched above or below its volume-weighted mean. Snaps back toward zero over time.
Signals
Green dots fire on a Blue Wave cross-up while oversold (potential bottom); red dots on a cross-down while overbought (potential top). They're pinned to the bottom ribbon and intentionally selective — tune sensitivity with the Dot Level inputs. Alerts are built in for both dots and raw wave crosses (set them to "Once Per Bar Close" to avoid intrabar flicker).
Notes
Calculates on Heikin Ashi internally by default (toggle in settings) for smoother reads.
Every component, threshold, color, and dot size is adjustable.
Built on the open-source WaveTrend oscillator by LazyBear — full credit to the original author.
This is a momentum visualization tool, not a crystal ball. No oscillator predicts price. Use it to filter and confirm, manage risk, and combine timeframes — not as a standalone buy/sell machine.
Not financial advice. For educational purposes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
D' Rebellionaire
Precision Pulse Team | Belgium HQ
Markets bend. I don’t.
Precision Pulse Team | Belgium HQ
Markets bend. I don’t.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
D' Rebellionaire
Precision Pulse Team | Belgium HQ
Markets bend. I don’t.
Precision Pulse Team | Belgium HQ
Markets bend. I don’t.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.