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WaveTrend Signal V2

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This is a very basic Wave Trend Oscillator. It is based on the excellent VuManChu Cipher B indicator. It uses two wave trend lines.

WT crosses are significant events. Zero-line crosses are highlighted with either Green or Red triangles and signify trend direction changes.

WT crosses either above 60 or below -60 signify the current trend may be losing momentum.

I recommend changing the source to something smoother, such as a moving average or your favorite smoothing indicator happens to be. This will filter out a lot of false signals and make the WT crosses more meaningful! Happy trading!!
Информация о релизе
Changed the name of the indicator to WaveTrend Signal V2
Информация о релизе
Added visual aids to the chart. Showing longs, shorts, and take-profit points.

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