Dreadblitz

WaveTrend Oscillator + Divergence + Direction Detection +Alerts

Make this version of the famous WaveTrend indicator has the following characteristics:

- WaveTrend direction detection
- Customizable overbought and oversold level (set by default just like the original version)
- Possibility to modify the length of the channel (set by default same as the original version)
- Possibility of modifying mobile period (set by default same as the original version)
- Show ONLY overbought sales.
- Show all sales.
- Show ONLY purchases in oversold.
- Show all purchases.
- See histogram.
- See half signal.
- Paint Bars.
- Modification of colors.

Alerts:

The indicator has the following alerts:

- Sales in oversold
- All Sales
- Purchases in oversold
- All Purchases
- Purchases / Overbought sales / Sales
- All Sales / Purchases
- Change WT Direction

NOTE: This single indicator should not be taken as a trading strategy is only a tool for the trader that gives a sense of depth market and potential opportunities for purchase / sale which must be evaluated in the context generally used this indicator to look for positions in areas of overbought / sell, also for detecting differences, other aspects such as the direction of Wavetrend, levels, histogram, etc, also provide useful information.

Release Notes: Add a field to change reaction and color change direction WT, is set to 1 as fast (default), better greater number address filter but is slower.

Release Notes: Add a Hidden Divergences detector and Regulars (bulls and the bears), from setup can activate them, also can turn off the labels and leave only the lines, configure it to your liking.

NOTE: SCRIPT IN SPANISH
Release Notes: At the request of a user, add a moving average, you can configure period, type, etc. (by default it is not active, activate it from configuration)
Release Notes: minor change
Release Notes: at the request of a user, alerts in English
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Comments

could you please explain why a candle bar is getting highlighted? what does it mean?
+2 Reply
Hi all, someone knows if this indicator repaint?
+1 Reply
Dreadblitz Dilivio
@Dilivio, Hello how are you, the indicator does not repaint, only that the differences appear with a delay of 2 candles since you have to wait for the confirmation of new maximums or new minimums, greetings
Reply
I can't get alerts to work for this.
Reply
Hello, Best indicator I have seen in a while. But how do you enable alerts for divergence, either just the lines or when the pictures on the Bull/Bear appear? Is that the Change Direction WT Alert?
Reply
Dreadblitz lmorgan6
@lmorgan6, hello, don't schedule the alerts for the divergences, just have a time I do it, greetings
Reply
I am using this and i like it a lot. thx.
Reply
Thanks a lot for the sharing ! good indicator :)
Reply
Seria genial incorporarle unas medias de tendencia larga como las de este script:


Buen trabajo amigo! :)
Reply
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