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.
The indicator has the following parameters:
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:
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
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:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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