Adaptive Binary Wave

The Adaptive Binary Wave indicator is based on the Adaptive Moving Average indicator. The indicator has values 1, -1 and 0. The value of 1 indicates an uptrend, while -1 indicates a downtrend. The zero value shows a neutral estimate of the trend.

The indicator view in the chart.

Image 30594

The indicator has the following parameters:

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Period - setting of indicator calculation period.

Short Period - setting of the AMA indicator short period.

Long Period - setting of the AMA indicator long period.

Percent - set a filter, which determines the percentage deviation of the current values.


Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume


Panel/Moving average period - selection of the indicator location in the chart:

  • New panel
  • Chart


Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

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

Line style - setting of the line display style:

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

Width - setting of the indicator line width.

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