OPEN-SOURCE SCRIPT
Vlad Waves
█ CONCEPT
Acceleration Line (Blue)
The Acceleration Line is calculated as the difference between the 8-period SMA and the 20-period SMA.
This line helps to identify the momentum and potential turning points in the market.
Signal Line (Red)
The Signal Line is an 8-period SMA of the Acceleration Line.
This line smooths out the Acceleration Line to generate clearer signals.
Long-Term Average (Green)
The Long-Term Average is a 200-period SMA of the Acceleration Line.
This line provides a broader context of the market trend, helping to distinguish between long-term and short-term movements.
█ SIGNALS
Buy Mode
A buy signal occurs when the Acceleration Line crosses above the Signal Line while below the Long-Term Average. This indicates a potential bullish reversal in the market.
When the Signal Line crosses the Acceleration Line above the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
Sell Mode
A sell signal occurs when the Acceleration Line crosses below the Signal Line while above the Long-Term Average. This indicates a potential bearish reversal in the market.
When the Signal Line crosses the Acceleration Line below the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
█ UTILITY
This indicator is not recommended for standalone buy or sell signals. Instead, it is designed to identify market cycles and turning points, aiding in the decision-making process.
Entry signals are most effective when they occur away from the Long-Term Average, as this helps to avoid sideways movements.
Use larger timeframes, such as daily or weekly charts, for better accuracy and reliability of the signals.
█ CREDITS
The idea for this indicator came from Fabio Figueiredo (Vlad).
Acceleration Line (Blue)
The Acceleration Line is calculated as the difference between the 8-period SMA and the 20-period SMA.
This line helps to identify the momentum and potential turning points in the market.
Signal Line (Red)
The Signal Line is an 8-period SMA of the Acceleration Line.
This line smooths out the Acceleration Line to generate clearer signals.
Long-Term Average (Green)
The Long-Term Average is a 200-period SMA of the Acceleration Line.
This line provides a broader context of the market trend, helping to distinguish between long-term and short-term movements.
█ SIGNALS
Buy Mode
A buy signal occurs when the Acceleration Line crosses above the Signal Line while below the Long-Term Average. This indicates a potential bullish reversal in the market.
When the Signal Line crosses the Acceleration Line above the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
Sell Mode
A sell signal occurs when the Acceleration Line crosses below the Signal Line while above the Long-Term Average. This indicates a potential bearish reversal in the market.
When the Signal Line crosses the Acceleration Line below the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
█ UTILITY
This indicator is not recommended for standalone buy or sell signals. Instead, it is designed to identify market cycles and turning points, aiding in the decision-making process.
Entry signals are most effective when they occur away from the Long-Term Average, as this helps to avoid sideways movements.
Use larger timeframes, such as daily or weekly charts, for better accuracy and reliability of the signals.
█ CREDITS
The idea for this indicator came from Fabio Figueiredo (Vlad).
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.
Haftungsausschluss
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