Miyuki Wave - Basic

31 Mar 2021

This is a trend following indicator using various non-standard moving average types in a guppy style.

The wave is formed from a baseline moving average, and 4 subsequent waves of different lengths.

The type of moving average function can be changed for the baseline and wave independently with the following options -

Hull Moving Average
Jurik Moving Average
Kaufman Moving Average
Sine-Weighted Moving Average
Triangular Moving Average
Geometric Moving Average
Fractal Moving Average

It also provides Average True Range (ATR) Bands derived from the baseline. The bands will plot fills when price is at the extreme ends of the range.

All setting are available to change in the inputs. Including the advanced parameters for the various functions.

Additional features -

4 colour themes to chose from, making it quick to change the appearance
All elements can be toggled in the options
Baseline can be coloured by trend direction, or relative to price
Inputs to control linewidths, line transparency, and fill transparency.

Tip: if you turn off the bands in the style page, the fills will still appear when price is at the extremes.

This can be used on any timeframe to get an indication of trend.

29 May 2022

Sürüm Notları

Fixed weekly display