Wavetrend

An oscillator that shows price changes and identifies areas of overbought and oversold. It can also show trend reversal points.

View of the indicator on the chart:

To add and customize this indicator, you need to open the Indicator Settings Window.


Drawing

BuyDots

Show zero values - display zero values.

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color - color choice.

Visual type - visual setting of the indicator display on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting the thickness of the indicator line.

For SellDots, BullLine, BearLine settings are similar.

Common

Overbought - specify the value.

Oversold- specify value.

Average period - specify value.

Wave period - specify the value.

Sourse - Setting the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Misc

Show description of indicator


Lines

SellUp

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color - color choice.

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dott
  • Dash - dot - dot

Width - setting the thickness of the indicator line.

Value - input value.

Text - input text.

For SellDown, BuyUp, BuyDown settings are similar.