OPEN-SOURCE SCRIPT

Wave Trend w/ VWMA overlay

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This is a trend-following strategy and indicator which combines the Wave Trend Strategy (Lazy Bear) by thomas.gigure with the cRSI + Waves Strategy with VWMA overlay by Dr_Roboto.

You may update the parameters of the Wave Trend oscillator or the VWMA indicator to match your own preferences. You may also adjust the Base Quantity used for determining trade size (as described below) to suit your account size and risk tolerance.

The strategy identifies potential signals based on the on the Wave Trend oscillator, originally ported to TradingView by LazyBear. When a signal is produced by the Wave Trend oscillator, trade size is determined by the VWMA.

  • When the VWMA is trending against the direction of the Wave Trend signal, Base Quantity x 1 is used
  • When the VWMA is trending neutral, Base Quantity x 2 is used
  • When the VWMA is trending with the direction of the Wave Trend signal, Base Quantity x 4 is used


The strategy includes the ability to limit trade signals to certain defined periods of time ("Sessions") during the trading day and, optionally, to close any open position at the end of either or both "Sessions." This may be enabled/disabled via the Limit Signals to Trading Sessions? option on the "Inputs" tab of the strategy's "Settings" window.

If you are trading on a daily chart (or longer) you must disable the Limit Signals to Trading Sessions? in order for the strategy to produce signals.
Notes de version
Updated screenshot
OscillatorsTrend AnalysistrendwaveVolume Weighted Moving Average (VWMA)wavewavetrend

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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