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.