WaveTrend [LazyBear] vX by DGT

DGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart

Original Author : LazyBear

Crosses above or below threshold are emphasized with bigger labels
- crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications
- crosses below threshold : probable long indications with a bigger label and relativly small label for probable short indications
All rest crosses within threshold boundaries with relatively small labels for both long and short probable indications

Release Notes: small update : alert condition added
Remove from Favorite Scripts Add to Favorite Scripts


Many thanks, very interesting. I increased the size of the labels as I felt they were a little lost in the chart.

For the Strong labels: size=size.normal
And the standard labels: size=size.small

I use the LazyBear Wavetrend and find it very useful, so thanks again for your take. I'm just wondering if I can include your strong indicator flags/labels in the original Wavetrend....hmmm
dgtrd gestevens67
@gestevens67, thank you and thank you for your interes in the study

usually i avoid making the labels big so they do not make the chart too messy expecially when other indicators are included as well

unfortunetly, due to pine limitation you can not add labels to the original one. pine is not supporting lables, lines etc to be ploted on top of the price (main) chart if the study is performed to be displied on different pane. the only possibility available with this version of pine is to be able to change the bar colors. so you may modify the original version but insted labels you may use barcolor to change the colors of the bars. for stong and week ones you may decide to use different colors. hope this helps

Hi how do I access this many thankz
dgtrd galtyboi12
hello @galtyboi12, just above this comment in the upper right corner of the code section you may click "Add to Favorite Scripts" than from indicators section you may add it to your chart.
hope you enjoy trading with
@dgtrd, thank you will let you know how I get on
hi i like this thanks do you have any input in how to set up the alerts when buy and sell signal green and red dots appear with this signal so i can set this up with somthing like 3comas
dgtrd olyoly999
hello @olyoly999, thanks for your comment, i have updated the study and added alert condition, please be informed
I have added this in my chart , ❤️, Sir Can You Share me some indicator that Can help us to find Entry and exit points , all I Target for 0.1% but still I'm lossing over 10% in a single trade in Binance future, Sir please help me
dgtrd My1st0nameisjeff
@My1st0nameisjeff, first of all thanks for the comment and interest to the indicator. all the creadits regaring the indicator shall go to @LazyBear since the complete idea is his and the only difference in my interpretation is adding signals to the logic introduced by the original author

So when it come to your request, unfortunetly I do not trade Futures and not much aware of the logic behind it, so I am sorry I can’t help with that.

What I may suggest to you is to master the technical indicators that you aim to use. Technical indicators may provide indications/signs/signals/insights in terms of trend, momentum, strength, volatility and volume but yet they may have weaknesses and may lead to losses with false signals. In general, all of the technical indicators must be used with caution
The "more is better" approach short circuits signal production because it looks at the market from too many angles at once. It’s ironic because indicators work best when they simplify the analysis, cutting through the noise and providing usable output on-trend, momentum, and timing. Instead, focus on different categories of market research - trend, momentum, strength, volatility and volume. Adding effective indicators form each category will be better approach for a long but satisfying process of tweaking inputs to match trading styles and risk tolerance

I will advise you check comments under the question “how to learn technical analysis" in the comment section of the following study, where you will also find a link to an education post regarding the signals and trading strategies

finally, TV is one of the best platform providing opportunities to many talented coders at the same time successfull trades that publishes absolutely great studies/strategies and ideas. Thanks @TradingView

I wish it was easy just to point to use that one or this one. you shall be the one to do all the hard work by mastering

+1 Reply
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