INVITE-ONLY SCRIPT
[MAD] WaveBuilder
Обновлено
The WaveBuilder indicator is a powerful technical analysis tool that combines wave calculations, channel formation, and smoothing techniques to identify trends, reversals, and potential trading opportunities.
It provides users with customizable settings for different timeframes, smoothing averages, channel levels, and alert conditions, making it a comprehensive and versatile tool for analyzing market dynamics.
----------------------
Wave Settings:
The Wave Settings section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the wave calculations based on different timeframes and lengths. This section focuses on four different lengths. Here are the details of the Wave Settings (4 Lengths):
Timeframe 1 (TF1): This parameter allows you to select the first timeframe for the wave calculation. You can choose any valid timeframe.
Weight (F1): This setting represents the weight for Timeframe 1. It is a floating-point value that affects the impact of this timeframe in the wave calculation.
Multiplier 2 (TF2): This parameter specifies the multiplier for the second timeframe. It determines the ratio between Timeframe 2 and Timeframe 1.
Weight (F2): This setting represents the weight for Timeframe 2. It determines the influence of Timeframe 2 in the wave calculation.
Multiplier 3 (TF3): This parameter defines the multiplier for the third timeframe. It determines the ratio between Timeframe 3 and Timeframe 1.
Weight (F3): This setting represents the weight for Timeframe 3. It determines the impact of Timeframe 3 in the wave calculation.
Multiplier 4 (TF4): This parameter specifies the multiplier for the fourth timeframe. It determines the ratio between Timeframe 4 and Timeframe 1.
Weight (F4): This setting represents the weight for Timeframe 4. It determines the influence of Timeframe 4 in the wave calculation.
WaveBuilder Fast: This parameter sets the length of the fast wave average. It represents the number of bars considered in the calculation of the fast wave average.
WaveBuilder Slow: This parameter sets the length of the slow wave average. It represents the number of bars considered in the calculation of the slow wave average.
The Wave Settings allow you to configure different timeframes, multipliers, and weights for wave calculations. These settings provide flexibility in customizing the indicator's behavior based on your preferred trading strategy and market conditions.
----------------------
Counter Oscillator:
The Counter Oscillator section in the Multitimeframe WaveTrend indicator enables you to configure parameters related to a counter oscillator. This oscillator helps identify potential reversals or countertrend movements.
Here are the details of the Counter Oscillator settings:
Multiplier Counter (TF5): This parameter allows you to select the multiplier counter timeframe. It determines the ratio between the multiplier counter and the main timeframes.
Weight (F5): This setting represents the weight for the multiplier counter. It determines the influence of the multiplier counter in the counter oscillator calculation.
Length (will_length): This parameter sets the length or period of the counter oscillator. It represents the number of bars considered in the counter oscillator calculation.
The Counter Oscillator settings provide additional insights into the market by analyzing countertrend movements. By adjusting the multiplier counter and length parameters, you can customize the counter oscillator to suit your trading preferences.
----------------------
Wave Smoothing and Mixing:
The Wave Smoothing and Mixing section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the smoothing and mixing of the wave calculations. Here are the details of the Wave Smoothing and Mixing settings:
Average 1 Type: This parameter allows you to select the type of smoothing average for the first average. You have various options such as WMA, HMA, VWMA, LMA, RMA, SMA, EMA, and more.
Length 1: This setting determines the length or period of the first smoothing average. It represents the number of bars considered in the calculation.
Average 2 Type: This parameter allows you to select the type of smoothing average for the second average.
Length 2: This setting determines the length or period of the second smoothing average.
Mix Factor AVG1-AVG2: This parameter controls the mixing factor between the first and second smoothing averages. It affects the weighting or blending of the two averages.
POW - Factor: This parameter adjusts the power factor, which can compress or expand the resulting values. It allows you to fine-tune the output based on your preferences.
The Wave Smoothing and Mixing settings enable you to smooth the wave calculations and mix different averages to create a more refined and customized output. By selecting the desired smoothing types, adjusting the lengths, and modifying the mix factor and power factor, you can tailor the indicator to your specific trading style.
----------------------
Channel Levels and Alert Mode:
The Channel Levels and Alert Mode section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the channel levels and the alert mode. Here are the details of the Channel Levels and Alert Mode settings:
Channel Width: This parameter determines the width or range of the channel levels. It represents the distance between the upper and lower channel lines.
Channel Shift Up/Down: This setting allows you to shift the entire channel up or down. It represents the vertical offset of the channel lines.
Alert Mode (Alertmode): This parameter determines the type of alert triggered by the indicator based on the channel levels.
You have options such as Outside, CrossIn, CrossOut, ChangeDir-All, and ChangeDir-Outside.
Channel Levels: The upper and lower channel levels are calculated based on the channel width and offset. They provide visual boundaries for the price movement within the channel.
The Channel Levels and Alert Mode settings help define the channel levels and specify the conditions for generating alert notifications.
By adjusting the channel width, offset, and selecting the appropriate alert mode, you can customize the indicator's behavior according to your trading requirements.
----------------------
Dynamic Channel:
The Dynamic Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the dynamic channel formation.
This feature helps create channels based on different smoothing averages.
Here are the details of the Dynamic Channel settings:
Channel Average 1 Type: This parameter allows you to select the type of smoothing average for the first channel average.
Length 1: This setting determines the length or period of the first channel average.
Channel Average 2 Type: This parameter allows you to select the type of smoothing average for the second channel average.
Length 2: This setting determines the length or period of the second channel average.
MA 1 / MA 2 Mix Factor: This parameter controls the mixing factor between the first and second channel averages. It affects the weighting or blending of the two averages.
Mixing Off Dynamic in Weight: This parameter allows you to mix off the dynamic in weight.
Smoothing Type: This parameter allows you to select the type of smoothing for the trend within the dynamic channel.
Smoothing Length: This setting determines the length or period of the trend smoothing within the dynamic channel.
The Dynamic Channel settings enable you to create channels based on different smoothing averages and adjust the weighting between them. Additionally, you can apply further smoothing to the trend within the dynamic channel. This feature helps identify trends and potential trade opportunities within the channel.
----------------------
Speed of Change Rate:
The Speed of Change Rate section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the rate of change in the indicator. Here are the details of the Speed of Change Rate settings:
Plot Speed (plot_speed): This setting determines whether to plot the speed of change on the chart.
Speed Scaling (change_factor): This parameter adjusts the scaling factor for the speed of change.
Speed Smoother (smoothtype_change): This parameter allows you to select the type of smoothing average for the speed of change calculation.
Speed Length (change_length): This setting determines the length or period of the speed of change calculation.
The Speed of Change Rate settings provide insights into the rate at which the indicator values are changing. By visualizing and analyzing the speed of change, you can identify potential acceleration or deceleration in the price movement.
----------------------
Signal Main Configuration:
The Signal Main Configuration section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the signal input and passthrough. Here are the details of the Signal Main Configuration settings:
Signal Type (inputtype): This parameter determines the type of signal input. You have options such as MultiBit and NoInput.
Select L1 Indicator Signal (inputModule): This parameter allows you to select the source of the L1 indicator signal. You can choose any valid input source, such as the closing price or another indicator.
Signal Passthrough (Passthrough): This setting enables or disables the passthrough of the signal. When enabled, the indicator passes the input signal to the output.
The Signal Main Configuration settings allow you to define the type of signal input and control whether to pass the signal through the indicator or not. This feature provides flexibility in integrating the indicator with other trading strategies or indicators.
----------------------
Multibit Modified Channel:
The Multibit Modified Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the modified channel based on the multibit input. Here are the details of the Multibit Modified Channel settings:
Input Bull (CH_Trendup_in): This parameter allows you to specify the input channel for bullish signals.
Bull Offset (trendfactorbull): This setting determines the offset for the bullish signals in the modified channel.
Input Bear (CH_Trenddown_in): This parameter allows you to specify the input channel for bearish signals.
Bear Offset (trendfactorbaer): This setting determines the offset for the bearish signals in the modified channel.
The Multibit Modified Channel settings enable you to modify the channel based on the multibit input. By specifying the input channels for bullish and bearish signals and adjusting the respective offsets,
you can customize the channel representation based on your trading strategy.
Multibit Output:
The Multibit Output section in the Multitimeframe WaveBuilder indicator allows you to configure parameters related to the output of the multibit signals and alerts. Here are the details of the Multibit Output settings:
Output Bull (CH_Buy_out): This parameter specifies the output channel for bullish signals.
Output Bear (CH_Sell_out): This parameter specifies the output channel for bearish signals.
Show Alerts (showalerts): This setting determines whether to display alert notifications for the multibit signals.
The Multibit Output settings define the output channels for bullish and bearish signals and control the display of alert notifications. This allows you to visualize and receive alerts for the multibit signals generated by the indicator.
----------------
Here a overview from the settings
--------------------------------
The pipeline of the WaveBuilder can be understood in the following structured manner:
----------
Wave Calculation:
Wave calculation is performed using the input parameters, resulting in wave values.
The wave values are then averaged using Average 1 and Average 2, and the weighted average is obtained.
The weighted average is mixed with other factors to create a mixed value.
----------
Channel Formation:
The mixed value is multiplied by a weight to generate a dynamic part.
The dynamic part is combined with the static channel and the multibit modification to form a base value.
----------
Smoothing and Mixing:
The base value is averaged using Average 1 and Average 2, and the weighted average is calculated.
The mixed2 value is obtained by smoothing the weighted average.
The mixed2 value is further processed using power compression (POW) to refine the output.
----------
Plotting:
The final smoothed and processed values are plotted to visualize the indicator on the chart.
By following this pipeline, the WaveBuilder combines wave calculations, channel formation, smoothing techniques, and power compression to provide valuable insights into market trends and potential trading opportunities.
--------------------------------
Librarys used:
djmad/Signal_transcoder_library
djmad/MAD_MATH
djmad/Mad_Standardparts
It provides users with customizable settings for different timeframes, smoothing averages, channel levels, and alert conditions, making it a comprehensive and versatile tool for analyzing market dynamics.
----------------------
Wave Settings:
The Wave Settings section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the wave calculations based on different timeframes and lengths. This section focuses on four different lengths. Here are the details of the Wave Settings (4 Lengths):
Timeframe 1 (TF1): This parameter allows you to select the first timeframe for the wave calculation. You can choose any valid timeframe.
Weight (F1): This setting represents the weight for Timeframe 1. It is a floating-point value that affects the impact of this timeframe in the wave calculation.
Multiplier 2 (TF2): This parameter specifies the multiplier for the second timeframe. It determines the ratio between Timeframe 2 and Timeframe 1.
Weight (F2): This setting represents the weight for Timeframe 2. It determines the influence of Timeframe 2 in the wave calculation.
Multiplier 3 (TF3): This parameter defines the multiplier for the third timeframe. It determines the ratio between Timeframe 3 and Timeframe 1.
Weight (F3): This setting represents the weight for Timeframe 3. It determines the impact of Timeframe 3 in the wave calculation.
Multiplier 4 (TF4): This parameter specifies the multiplier for the fourth timeframe. It determines the ratio between Timeframe 4 and Timeframe 1.
Weight (F4): This setting represents the weight for Timeframe 4. It determines the influence of Timeframe 4 in the wave calculation.
WaveBuilder Fast: This parameter sets the length of the fast wave average. It represents the number of bars considered in the calculation of the fast wave average.
WaveBuilder Slow: This parameter sets the length of the slow wave average. It represents the number of bars considered in the calculation of the slow wave average.
The Wave Settings allow you to configure different timeframes, multipliers, and weights for wave calculations. These settings provide flexibility in customizing the indicator's behavior based on your preferred trading strategy and market conditions.
----------------------
Counter Oscillator:
The Counter Oscillator section in the Multitimeframe WaveTrend indicator enables you to configure parameters related to a counter oscillator. This oscillator helps identify potential reversals or countertrend movements.
Here are the details of the Counter Oscillator settings:
Multiplier Counter (TF5): This parameter allows you to select the multiplier counter timeframe. It determines the ratio between the multiplier counter and the main timeframes.
Weight (F5): This setting represents the weight for the multiplier counter. It determines the influence of the multiplier counter in the counter oscillator calculation.
Length (will_length): This parameter sets the length or period of the counter oscillator. It represents the number of bars considered in the counter oscillator calculation.
The Counter Oscillator settings provide additional insights into the market by analyzing countertrend movements. By adjusting the multiplier counter and length parameters, you can customize the counter oscillator to suit your trading preferences.
----------------------
Wave Smoothing and Mixing:
The Wave Smoothing and Mixing section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the smoothing and mixing of the wave calculations. Here are the details of the Wave Smoothing and Mixing settings:
Average 1 Type: This parameter allows you to select the type of smoothing average for the first average. You have various options such as WMA, HMA, VWMA, LMA, RMA, SMA, EMA, and more.
Length 1: This setting determines the length or period of the first smoothing average. It represents the number of bars considered in the calculation.
Average 2 Type: This parameter allows you to select the type of smoothing average for the second average.
Length 2: This setting determines the length or period of the second smoothing average.
Mix Factor AVG1-AVG2: This parameter controls the mixing factor between the first and second smoothing averages. It affects the weighting or blending of the two averages.
POW - Factor: This parameter adjusts the power factor, which can compress or expand the resulting values. It allows you to fine-tune the output based on your preferences.
The Wave Smoothing and Mixing settings enable you to smooth the wave calculations and mix different averages to create a more refined and customized output. By selecting the desired smoothing types, adjusting the lengths, and modifying the mix factor and power factor, you can tailor the indicator to your specific trading style.
----------------------
Channel Levels and Alert Mode:
The Channel Levels and Alert Mode section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the channel levels and the alert mode. Here are the details of the Channel Levels and Alert Mode settings:
Channel Width: This parameter determines the width or range of the channel levels. It represents the distance between the upper and lower channel lines.
Channel Shift Up/Down: This setting allows you to shift the entire channel up or down. It represents the vertical offset of the channel lines.
Alert Mode (Alertmode): This parameter determines the type of alert triggered by the indicator based on the channel levels.
You have options such as Outside, CrossIn, CrossOut, ChangeDir-All, and ChangeDir-Outside.
Channel Levels: The upper and lower channel levels are calculated based on the channel width and offset. They provide visual boundaries for the price movement within the channel.
The Channel Levels and Alert Mode settings help define the channel levels and specify the conditions for generating alert notifications.
By adjusting the channel width, offset, and selecting the appropriate alert mode, you can customize the indicator's behavior according to your trading requirements.
----------------------
Dynamic Channel:
The Dynamic Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the dynamic channel formation.
This feature helps create channels based on different smoothing averages.
Here are the details of the Dynamic Channel settings:
Channel Average 1 Type: This parameter allows you to select the type of smoothing average for the first channel average.
Length 1: This setting determines the length or period of the first channel average.
Channel Average 2 Type: This parameter allows you to select the type of smoothing average for the second channel average.
Length 2: This setting determines the length or period of the second channel average.
MA 1 / MA 2 Mix Factor: This parameter controls the mixing factor between the first and second channel averages. It affects the weighting or blending of the two averages.
Mixing Off Dynamic in Weight: This parameter allows you to mix off the dynamic in weight.
Smoothing Type: This parameter allows you to select the type of smoothing for the trend within the dynamic channel.
Smoothing Length: This setting determines the length or period of the trend smoothing within the dynamic channel.
The Dynamic Channel settings enable you to create channels based on different smoothing averages and adjust the weighting between them. Additionally, you can apply further smoothing to the trend within the dynamic channel. This feature helps identify trends and potential trade opportunities within the channel.
----------------------
Speed of Change Rate:
The Speed of Change Rate section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the rate of change in the indicator. Here are the details of the Speed of Change Rate settings:
Plot Speed (plot_speed): This setting determines whether to plot the speed of change on the chart.
Speed Scaling (change_factor): This parameter adjusts the scaling factor for the speed of change.
Speed Smoother (smoothtype_change): This parameter allows you to select the type of smoothing average for the speed of change calculation.
Speed Length (change_length): This setting determines the length or period of the speed of change calculation.
The Speed of Change Rate settings provide insights into the rate at which the indicator values are changing. By visualizing and analyzing the speed of change, you can identify potential acceleration or deceleration in the price movement.
----------------------
Signal Main Configuration:
The Signal Main Configuration section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the signal input and passthrough. Here are the details of the Signal Main Configuration settings:
Signal Type (inputtype): This parameter determines the type of signal input. You have options such as MultiBit and NoInput.
Select L1 Indicator Signal (inputModule): This parameter allows you to select the source of the L1 indicator signal. You can choose any valid input source, such as the closing price or another indicator.
Signal Passthrough (Passthrough): This setting enables or disables the passthrough of the signal. When enabled, the indicator passes the input signal to the output.
The Signal Main Configuration settings allow you to define the type of signal input and control whether to pass the signal through the indicator or not. This feature provides flexibility in integrating the indicator with other trading strategies or indicators.
----------------------
Multibit Modified Channel:
The Multibit Modified Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the modified channel based on the multibit input. Here are the details of the Multibit Modified Channel settings:
Input Bull (CH_Trendup_in): This parameter allows you to specify the input channel for bullish signals.
Bull Offset (trendfactorbull): This setting determines the offset for the bullish signals in the modified channel.
Input Bear (CH_Trenddown_in): This parameter allows you to specify the input channel for bearish signals.
Bear Offset (trendfactorbaer): This setting determines the offset for the bearish signals in the modified channel.
The Multibit Modified Channel settings enable you to modify the channel based on the multibit input. By specifying the input channels for bullish and bearish signals and adjusting the respective offsets,
you can customize the channel representation based on your trading strategy.
Multibit Output:
The Multibit Output section in the Multitimeframe WaveBuilder indicator allows you to configure parameters related to the output of the multibit signals and alerts. Here are the details of the Multibit Output settings:
Output Bull (CH_Buy_out): This parameter specifies the output channel for bullish signals.
Output Bear (CH_Sell_out): This parameter specifies the output channel for bearish signals.
Show Alerts (showalerts): This setting determines whether to display alert notifications for the multibit signals.
The Multibit Output settings define the output channels for bullish and bearish signals and control the display of alert notifications. This allows you to visualize and receive alerts for the multibit signals generated by the indicator.
----------------
Here a overview from the settings
--------------------------------
The pipeline of the WaveBuilder can be understood in the following structured manner:
----------
Wave Calculation:
Wave calculation is performed using the input parameters, resulting in wave values.
The wave values are then averaged using Average 1 and Average 2, and the weighted average is obtained.
The weighted average is mixed with other factors to create a mixed value.
----------
Channel Formation:
The mixed value is multiplied by a weight to generate a dynamic part.
The dynamic part is combined with the static channel and the multibit modification to form a base value.
----------
Smoothing and Mixing:
The base value is averaged using Average 1 and Average 2, and the weighted average is calculated.
The mixed2 value is obtained by smoothing the weighted average.
The mixed2 value is further processed using power compression (POW) to refine the output.
----------
Plotting:
The final smoothed and processed values are plotted to visualize the indicator on the chart.
By following this pipeline, the WaveBuilder combines wave calculations, channel formation, smoothing techniques, and power compression to provide valuable insights into market trends and potential trading opportunities.
--------------------------------
Librarys used:
djmad/Signal_transcoder_library
djmad/MAD_MATH
djmad/Mad_Standardparts
Информация о релизе
Cleanup of settingsLibrary Update
New timeframe calculation
Информация о релизе
sry, screenshot was overwritten, new propper screenshot releaseСкрипт с ограниченным доступом
Доступ к этому скрипту разрешён только для пользователей, авторизованных автором, и для этого обычно требуется оплата. Вы можете добавить скрипт в список избранных, но использовать его можно будет только после запроса на доступ и получения разрешения от автора. Свяжитесь с djmad, чтобы узнать больше, или следуйте инструкциям автора ниже.
TradingView не советует платить за скрипт и использовать его, если вы на 100% не доверяете его автору и не понимаете, как он работает. Часто вы можете найти хорошую альтернативу с открытым исходным кодом бесплатно в нашем разделе Скрипты сообщества.
Инструкции от автора
″For permanent access look at my bio links and look at the finance branche of our wizard project.
Trail via PM
Хотите использовать этот скрипт на графике?
Внимание: прочтите это перед тем, как запросить доступ.
djmad|Bitblockart
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.