Trend Wave Indicator

Find the Right Edition That Fits You

Scalperology Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

30-Day Profit: 36.92%

7-Day Profit: 32.06%

Support: 24х7 via Telegram

Profit EA🚀

Breakopedia Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

XAU/USD

XAG/USD

XBT/USD

30-Day Profit: 29.25%

7-Day Profit: 24.73%

Support: Developer

Profit EA🚀

What is the Trend Wave Indicator?

The Trend Wave Indicator is an oscillator that combines price, exponential, and simple moving averages to identify short-term price reversals during trending markets. This indicator is designed to work effectively on smaller time frames and is particularly useful during market consolidation phases.

Key Features

Works well on smaller time frames

Detects reversals with high accuracy during consolidation phases

Provides clear overbought/oversold analysis for planning exits

Includes all MetaTrader alerts

Inputs

History Bars: Number of historical bars used in the indicator's calculation

Wave Period: The period to calculate the trend wave main line

Avg. Period: The smoothing period applied to the trend wave mainline

Advantages

Unlike other lagging oscillators, the Trend Wave Indicator is a leading indicator that detects reversals more accurately. The crossover signals never repaint and work well even in choppy markets. This makes it a reliable tool for traders looking to capitalize on short-term price movements.

How to Use the Trend Wave Indicator

The bullish and bearish crossovers of the main and signal lines can be used as buy/sell signals, indicated by blue and yellow dots. The indicator can also identify overbought and oversold market conditions, with stronger signals appearing within these regions.

Examples of Application

For instance, if the main line crosses above the signal line in an oversold region, it generates a strong buy signal. Conversely, if the main line crosses below the signal line in an overbought region, it generates a strong sell signal. This makes the Trend Wave Indicator a versatile tool for both novice and experienced traders.

Conclusion

The Trend Wave Indicator is a powerful tool for traders looking to catch short-term price reversals and plan their exits with precision. Its ability to work on smaller time frames and detect reversals during consolidation phases makes it an invaluable addition to any trader's toolkit. 🎯📈

EA Among us

MT4 Expert Advisor MT4

Easy Rating: 5/1

MQL Rating: 461/59

Forex Trading Automated Trading

Curious about 'EA Among us'? This Forex trading robot promises to catch short-term price reversals using the Trend Wave indicator and a martingale strategy. But is it too good to be true? Dive into our in-depth review to uncover the truth about its performance, user feedback, and ...

Release Date: 10/06/2022