OPEN-SOURCE SCRIPT

WaveTrend Filtered Signals (LazyBear Style)

1 025
WaveTrend Filtered Signals (LazyBear Style)
This indicator is based on the popular WaveTrend oscillator (LazyBear) and adds several optional filters to improve signal quality:

✅ Available filters:

WT oversold/overbought zones – enabled by default. Signals are shown only if WT was previously in the specified zone (e.g., < -60 for longs, > 60 for shorts).

SMA trend filter – allows filtering signals in the direction of the moving average trend.

SMA position filter – signals appear only when price is above (for long) or below (for short) the moving average.

Consolidation filter – ignores signals during low-volatility sideways price movement.

💡 All filters are optional and can be enabled or disabled in the settings.
The default setup focuses on a clean approach: WaveTrend + oversold/overbought zones, with other filters left for customization.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.