WaveTrend

What does WaveTrend measure?

A very smooth overbought/oversold oscillator. Its two lines crossing near an extreme is one of the most-watched reversal cues on modern charts.

How is WaveTrend calculated?

Take the typical price (high, low and close averaged), smooth it over 10 candles, and measure how far price sits from that smoothed line relative to its usual distance. Smooth THAT over 21 candles for `wt1`; `wt2` is `wt1` averaged over four more candles.

Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.

How do I use WaveTrend in a bot?

In the builder, add an indicator of type wavetrend (parameters: n1, default 10; n2, default 21). Its output series — wt1, wt2 — become operands you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.

Related indicators

• Williams %RA 0 to −100 meter for where the close sits in the recent range.
• Accelerator oscillatorA speedometer for momentum.
• Awesome oscillatorA simple momentum gauge: is the recent market pushing harder than the wider market?
• Abs price oscillatorThe raw gap between a fast trend line and a slow one.

Or browse all 158 indicators in the full library.