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WaveTrend Oscillator [Krypt]

89 946
This is similar to regular WaveTrend Oscillator except:

- replaces hlc3 input with a weighted log formula for better stability/performance on high volatility charts
- zero-centered scaling
- SMA crossovers above and below OB/OS thresholds are marked as buy/sell signals
Release Note
Use SMA curvature information to filter out buy/sell signals likely to be false positives
Release Note
Rename some chart objects
Release Note
Long/Short signal now captures some cases of bullish and bearish divergences
Release Note
Use extra signal smoothing and extra momentum check for curvature
Release Note
improve buy/sell signals
Release Note
don't make helper elements editable
Release Note
start drawing signal earlier, perform averaging on cross steps for more stable bullish/bearish divergence detection
Release Note
use a 1+2 formula for curvature
Release Note
Default to lower smoothing to still show something on the chart in the beginning
Release Note
switch back to 4 for default SMA length
Release Note
Improve sensitivity in the beginning of the chart
Release Note
add comment
Release Note
Replace final EMA smoother with Ehlers' smoother for higher sensitivity
Release Note
Ignore first candle
Release Note
reduce default smoothing slightly and allow zero smoothing
Release Note
do not count MA cross above overbought level as bottom, and likewise do not count count MA cross below oversold level as top.
Release Note
Simplify generation of buy/sell signals
Release Note
fix how continues climb/descent is determined
Release Note
detect hidden divergences
Release Note
Update colors to make this indicator suitable for either light or dark T/V color modes
Release Note
quantitatively weigh bullish and bearish signals

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