OPEN-SOURCE SCRIPT
Mis à jour

Trend Wave

6147
Hello Traders!

You know, I can sill remember the first time I started tinkering with Pinescript. As I had no prior programming experience, I learned by experimenting with other open-source scripts on TradingViews Marketplace. Tearing apart and combining interesting scripts to see what the output would be. ChrisMoody was a huge source of inspiration for learning, and I wanted to thank him, as well as TheLark for the concept behind this script.

The Trend Wave is based on ChrisMoody's PPO-PercentileRank-Mkt-Tops-Bottoms, which also happens to be based on TheLark's TheLark-Laguerre-PPO/.

Within my experimentation, I found that if I isolate the ppoT & ppoB variables and plot them calculated from extremely small decimals, you can get an extremely fast reacting, mirroring trend detector.

Within the script, you have the ability to plot the background colors based on trend to make it easier to see where crossovers occured, as well as a Mirror Input to view the mirrored version of the script.
snapshot
snapshot
snapshot

-@DayTradingOil

Notes de version
Lots of awesome features just added in, we now have access to MTF Trend Wave. Special thanks to Chakku for the idea in the comments.
snapshot
snapshot
snapshot
Notes de version
Converted to Version 4
Notes de version
Updating Chart Picture

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.