OPEN-SOURCE SCRIPT

Wave Trend w/ VWMA overlay

Aktualisiert
This is a trend-following strategy and indicator which combines the Wave Trend Strategy (Lazy Bear) by thomas.gigure with the cRSI + Waves Strategy with VWMA overlay by Dr_Roboto.

You may update the parameters of the Wave Trend oscillator or the VWMA indicator to match your own preferences. You may also adjust the Base Quantity used for determining trade size (as described below) to suit your account size and risk tolerance.

The strategy identifies potential signals based on the on the Wave Trend oscillator, originally ported to TradingView by LazyBear. When a signal is produced by the Wave Trend oscillator, trade size is determined by the VWMA.

  • When the VWMA is trending against the direction of the Wave Trend signal, Base Quantity x 1 is used
  • When the VWMA is trending neutral, Base Quantity x 2 is used
  • When the VWMA is trending with the direction of the Wave Trend signal, Base Quantity x 4 is used


The strategy includes the ability to limit trade signals to certain defined periods of time ("Sessions") during the trading day and, optionally, to close any open position at the end of either or both "Sessions." This may be enabled/disabled via the Limit Signals to Trading Sessions? option on the "Inputs" tab of the strategy's "Settings" window.

If you are trading on a daily chart (or longer) you must disable the Limit Signals to Trading Sessions? in order for the strategy to produce signals.
Versionshinweise
Updated screenshot
OscillatorsTrend AnalysistrendwaveVolume Weighted Moving Average (VWMA)wavewavetrend

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

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