PROTECTED SOURCE SCRIPT

Wave Trading Helper

מעודכן
This script can be helpful to find trend and EP, SL, TP.

I tested only LTF(Lower Time Frame) such as under 15 mimutes for very short term trading.

As you see this script came from MAs and i'd adjusted the lengths and sources.



Basical Usages.


תמונת-בזק

There are several lines but you must remember that the border is support and resistant as other MAs.


- The upper border is resistant and the lower borader is support line.



תמונת-בזק

Once you chacked the trends with waves.

- If it goes up then Up-trend, and vice versa.

- when the trend change, there is flip over the waves as I circled on above.


- To make an Entry Point and STOP LOSS

תמונת-בזק


Once, if there is a Flip orver, then you should take a look at the lime colored line and that is the entry line.

The Lower Border is Stop Loss.




- Hold the Position

תמונת-בזק

Once, the waves spread out then the Trend is accellating so, you should hold the position.



- To take a profit.
תמונת-בזק

When another Flip over you can take a profit on the Enrty line.

or when the candle hits STOP LOSS LINE then the trade is over.



It is very easy and simple isn't it?
הערות שחרור
Updates

1. Add 3 kinds of Guide Lines.
- I recommend default set up

2. Add 2 kinds of Color Theme.


3. Fixed minor bugs.
הערות שחרור
You can Choose the Length of Waves

Min. 1 and Default is 5.
Moving AveragesSupport and ResistanceTrend Analysis

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