WaveTrend [LazyBear] vX by DGT

This update represents the most substantial evolution of WaveTrend vX since its original publication.

The script has been rebuilt with a modern architecture, enhanced analytical intelligence, and a refined visual experience, transforming it from a traditional oscillator into a context-aware momentum framework while fully preserving the integrity of the original WaveTrend methodology created by LazyBear.

WaveTrend has long been valued for identifying momentum extremes and potential reversals.
However, effective trading decisions require more than raw crosses — they require context.

This release focuses on delivering:

→ Greater clarity
→ Stronger decision context
→ Reduced interpretation ambiguity
→ Professional-grade usability

The objective was not to change WaveTrend — but to evolve how traders interact with it.

The script has been fully migrated to Pine Script v6, improving execution efficiency, structural clarity, and long-term compatibility with platform updates.

Cross markers have been completely modernized.

Signals now communicate:

• Direction
• Strength
• Market zone context
• Momentum implication

Clean arrow-based visuals combined with informative tooltips deliver deeper insight without increasing chart clutter.

One of the most important additions in this release.

The dashboard transforms raw oscillator data into actionable intelligence by summarizing:

• Oscillator & signal state
• Market zone classification
• Momentum condition
• Cross direction bias
• Divergence presence
• Market regime context
• Extreme warnings
• Composite directional bias

This significantly improves interpretability, especially during fast market conditions.

WaveTrend now includes native divergence detection:

• Regular Bullish / Bearish
• Hidden Bullish / Bearish
• Configurable pivot sensitivity

This expands the script beyond momentum measurement into structural momentum analysis.

Inputs now include structured explanations and practical configuration guidance, making the script easier to understand for both new and experienced users.

This release shifts WaveTrend from:

Classic Oscillator → Context-Aware Momentum Framework

Traders benefit from:

• Improved signal interpretation
• Greater confidence near extremes
• Faster situational awareness
• Cleaner charts with more information density