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Apollo Wave X-Lunar
Apollo Wave X-Lunar
Apollo Wave X-Lunar is a momentum and directional indicator based on the movement and slope of three independent waves: F1, XA, and AK. Each source uses a different price calculation to provide complementary readings of market movement.
The indicator displays three “lights” on the panel:
▲ Lime: wave slope is equal to or above zero, indicating upward momentum.
▼ Orange: wave slope is below zero, indicating downward momentum.
In addition to the lights, the indicator displays a Wave Line whose source can be selected by the user.
⚙️ Parameters
Base Period — len
Defines the period used to filter the waves.
Lower periods: higher sensitivity to price changes and more frequent directional changes.
Higher periods: greater smoothing and lower sensitivity to short-term fluctuations.
The default value is 21.
There is no universally optimal period. The appropriate setting may vary depending on the asset, timeframe, and trading style.
Line Source — lineSource
Selects which of the three sources is used to construct the main chart line.
F1 — HLCC4
Uses the average of High, Low, and twice the Close.
XA — HLC3
Uses the average of High, Low, and Close.
AK — OHLC4
Uses the average of Open, High, Low, and Close.
The three sources are calculated independently for the lights. This parameter only changes the Wave Line displayed on the chart.
📊 How to Interpret
The indicator compares the current wave movement with its previous slope.
▲ F1
Shows the slope direction of the wave based on HLCC4.
▲ XA
Shows the slope direction of the wave based on HLC3.
▲ AK
Shows the slope direction of the wave based on OHLC4.
When all three lights point upward simultaneously, there is greater directional agreement between the three price sources. When all three point downward, there is greater agreement toward the downside.
Differences between the lights may indicate that the different price sources are producing different momentum readings.
🌊 Wave Line
The main line uses the source selected under Line Source.
F1: HLCC4
XA: HLC3
AK: OHLC4
The line color follows its slope:
Lime: positive or neutral slope.
Orange: negative slope.
🔧 Suggested Configuration
The default value of 21 can be used as a starting point.
For a faster reading, try lower periods.
For a smoother reading, try higher periods.
The appropriate configuration should be evaluated according to the asset and timeframe being analyzed. It is recommended to test different settings before using the indicator as part of trading decisions.
⚠️ Disclaimer
Apollo Wave X-Lunar is a technical analysis tool and does not constitute investment advice, an offer, or a guarantee of results.
The indicator's signals and readings should be used together with other analysis tools, risk management, and overall market context.
No technical indicator can guarantee future results.
Apollo Wave X-Lunar is a momentum and directional indicator based on the movement and slope of three independent waves: F1, XA, and AK. Each source uses a different price calculation to provide complementary readings of market movement.
The indicator displays three “lights” on the panel:
▲ Lime: wave slope is equal to or above zero, indicating upward momentum.
▼ Orange: wave slope is below zero, indicating downward momentum.
In addition to the lights, the indicator displays a Wave Line whose source can be selected by the user.
⚙️ Parameters
Base Period — len
Defines the period used to filter the waves.
Lower periods: higher sensitivity to price changes and more frequent directional changes.
Higher periods: greater smoothing and lower sensitivity to short-term fluctuations.
The default value is 21.
There is no universally optimal period. The appropriate setting may vary depending on the asset, timeframe, and trading style.
Line Source — lineSource
Selects which of the three sources is used to construct the main chart line.
F1 — HLCC4
Uses the average of High, Low, and twice the Close.
XA — HLC3
Uses the average of High, Low, and Close.
AK — OHLC4
Uses the average of Open, High, Low, and Close.
The three sources are calculated independently for the lights. This parameter only changes the Wave Line displayed on the chart.
📊 How to Interpret
The indicator compares the current wave movement with its previous slope.
▲ F1
Shows the slope direction of the wave based on HLCC4.
▲ XA
Shows the slope direction of the wave based on HLC3.
▲ AK
Shows the slope direction of the wave based on OHLC4.
When all three lights point upward simultaneously, there is greater directional agreement between the three price sources. When all three point downward, there is greater agreement toward the downside.
Differences between the lights may indicate that the different price sources are producing different momentum readings.
🌊 Wave Line
The main line uses the source selected under Line Source.
F1: HLCC4
XA: HLC3
AK: OHLC4
The line color follows its slope:
Lime: positive or neutral slope.
Orange: negative slope.
🔧 Suggested Configuration
The default value of 21 can be used as a starting point.
For a faster reading, try lower periods.
For a smoother reading, try higher periods.
The appropriate configuration should be evaluated according to the asset and timeframe being analyzed. It is recommended to test different settings before using the indicator as part of trading decisions.
⚠️ Disclaimer
Apollo Wave X-Lunar is a technical analysis tool and does not constitute investment advice, an offer, or a guarantee of results.
The indicator's signals and readings should be used together with other analysis tools, risk management, and overall market context.
No technical indicator can guarantee future results.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.