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wolfpack by multigrain

multigrain Updated   
Oscillators Trend Analysis wolfpack wolfpackid
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oscillator trendanalysis wolfpack wolfpackid
Context
WolfPack was originally published by @darrellfischer1. The indicator was then made popular as a useful companion to the famous Market Cipher (and other similar) oscillators.

Improvements
Inspired by the Bjorgum TSI I have gone ahead and applied a Exponential Moving Average to the original WolfPack plot. The color changes assist in anticipating trend reversals and curls.

Credits
@bjorgum for the coloring and interpretation ideas
@darrellfischer1 for WolfPack
Release Notes:
  • updated chart
Release Notes:
  • included zero line
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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