Blog : WaveTrend Indicator
WaveTrend
Uses channel lengths and averages to indicate overbought or oversold conditions.
| WaveTrend Inputs | |
|---|---|
| Channel Length | 10 |
| Average Length | 21 |
| Oversold Level | -53 |
| Middle Level | 0 |
| Overbought Level | 53 |
| Long - Entry Trigger | Long - Exit Trigger | Short - Entry Trigger | Short - Exit Trigger |
|---|---|---|---|
| WT1 crossover WT2 and WT2 < Oversold Level | WT1 crossunder WT2 | WT1 crossunder WT2 and WT2 > Overbought Level | WT1 crossover WT2 |
| Long - Entry Confluence | Long - Exit Confluence | Short - Entry Confluence | Short - Exit Confluence |
| WT1 > WT2 | WT1 < WT2 | WT1 < WT2 | WT1 > WT2 |