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- //
- // @author LazyBear
- //
- // List of my public indicators: http://bit.ly/1LQaPK8
- // List of my app-store indicators: http://blog.tradingview.com/?p=970
- //
- // Added title attributes to all plot()
- //
- study(title="WaveTrend [LazyBear]", shorttitle="WT_LB")
- n1 = input(10, "Channel Length")
- n2 = input(21, "Average Length")
- obLevel1 = input(60, "Over Bought Level 1")
- obLevel2 = input(53, "Over Bought Level 2")
- osLevel1 = input(-60, "Over Sold Level 1")
- osLevel2 = input(-53, "Over Sold Level 2")
- ap = hlc3
- esa = ema(ap, n1)
- d = ema(abs(ap - esa), n1)
- ci = (ap - esa) / (0.015 * d)
- tci = ema(ci, n2)
- wt1 = tci
- wt2 = sma(wt1,4)
- plot(0, color=gray, title="ZeroLine")
- plot(obLevel1, color=red, title="OBLEVEL 1")
- plot(osLevel1, color=green, title="OSLEVEL 1")
- plot(obLevel2, color=red, style=3, title="OBLEVEL 2")
- plot(osLevel2, color=green, style=3, title="OSLEVEL 2")
- plot(wt1, color=green, title="WT")
- plot(wt2, color=red, style=3, title="Signal")
- plot(wt1-wt2, color=blue, style=area, transp=80, title="Histogram")
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