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WaveTrend + RSI MTF [TechnoFunda]

449
WaveTrend Oscillator with RSI overlay, multi-timeframe cross-reference dashboard, automated
divergence detection, and composite overbought/oversold scoring.

WAVETREND OSCILLATOR — Produces cleaner momentum readings than standard RSI by applying exponential smoothing to a normalized price channel deviation. Effective at filtering market noise while preserving actionable signal clarity.

MULTI-TIMEFRAME DASHBOARD — Displays RSI and WaveTrend values for the current timeframe
alongside two configurable higher timeframes. Enables rapid cross-timeframe confirmation
without switching charts.

DIVERGENCE DETECTION — Automatically identifies bullish and bearish divergences between price action and the WaveTrend oscillator. Divergences at extreme levels carry the highest
predictive value.

COMPOSITE SCORE (-100 to +100) — Weighted combination: WaveTrend (40%), RSI-14 (30%),
Bollinger Band position (20%), RSI-9 (10%). Provides a single normalized reading of market
condition.

Verdict output: OVERBOUGHT / Slightly High / Neutral / Slightly Low / OVERSOLD
Built on the WaveTrend concept originally developed by LazyBear.
Pro version with full integration available — follow for updates.

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