Solar Wave by ninZa.co

Solar Wave - trend indicator stands out with many key features to help traders enhance their trading, let's check below:

• Plot "Trend Vector" that interprets trend direction (uptrend or downtrend) and trend strength (strong or weak)
  
• Plot "Trailing Stop" for stop trailing management
  
• Allow configuring "Trend Vector" and "Trailing Stop" with ninZaATR adjustment
  
• Print trend steps and highlight step decreases to warn of trend weakness
  
• Colorize bars based on 4 statuses: uptrend strong, uptrend weak, downtrend strong, downtrend weak
  
• Colorize "Trend Vector" based on 4 statuses: uptrend strong, uptrend weak, downtrend strong, downtrend weak
  
• Colorize "Trailing Stop" to clearly show uptrend vs downtrend
  
• Paint background to clearly show uptrend vs downtrend
  
• Trigger alerts on trend start, pullback, strengthening
  
• Print markers on trend start, pullback, strengthening
  
• Be NinjaScript ready for advanced usage, only restricted by your imagination
  
• Expose dedicated NinjaScript signals
  

4 states of the markets (strong/weak uptrend, strong/weak downtrend) are displayed clearly with various visual signals to help you easily read: bar painting, plot colorization, background highlight.

The best signal of Solar Wave is PULLBACK. As you know, a trend rarely goes straight, but often retraces – which creates great opportunities for pullback trading. In Solar Wave, pullbacks are our recommended signals for entries. From our testing and experiences, the first and second pullbacks are usually the most reliable and optimal entries.