Direction Analysis Waves

21 Şub 2023

Description

It is an indicator that aims to provide information about the direction of the trend, the basis of which is the CCI, CMO and MFI indices.
Symbols on the indicator are for informational purposes. Information about colors and symbols is given below.

• Blue Wave: Graphical representation of the Commodity Channel Index (CCI) curve.
  
• Green/Red Wave: Graphical representation of the Chande Momentum Oscillator (CMO) curve. This curve turns green when it rises above zero, and turns red when it falls below zero.
  
• Yellow Wave: Graphical representation of the Money Flow Index (MFI) curve.
  
• Blue Line: CCI line.
  
• Green/Red Cross: CCI line shows green cross on red cross below 0 value.
  

Warning

As a result, this indicator should be expected to give an idea of the trend direction, not a trading signal.


Version

v1.0

4 Mar 2023

Sürüm Notları

• [ADDED] Added horizontal lines above 200 and -200 values.
  

18 Mar 2023

Sürüm Notları

• Values showing the amount of change according to the previous position of the line on the Commodity Channel Index (CCI) line have been added.
  
• 30 < Blue
  
• 30 - 50 Yellow
  
• 50 - 70 Orange
  
• 70 > Red
  

14 Nis 2023

Sürüm Notları

• Objects on the display can be turned on or off from the settings menu and their colors can be changed.
  

21 Nis 2023

Sürüm Notları

• CCI length has been increased from 13 to 14 as it gives more accurate results.
  

13 May 2023

Sürüm Notları

• Title edited.
  

11 Haz 2023

Sürüm Notları

• Added numbers indicating possible strength of direction.
  

11 Haz 2023

Sürüm Notları

• The numbers showing the possible strength of the direction have been recalculated.
  

11 Haz 2023

Sürüm Notları

• Improved the intersection of CCI waves.
  
• Changes were made to the line color as CCI cut the overbought and oversold lines.
  

25 Haz 2023

Sürüm Notları

• Wave return levels have been improved.
  

31 Ağu 2023

Sürüm Notları

Multiplier values have been removed.

17 Eyl 2023

Sürüm Notları

ohlc4 and hlc3 values have been updated to produce values according to standard candlestick charts, independent of candlestick charts.

12 Tem

Sürüm Notları

• Removed invalid variables
  

12 Tem

Sürüm Notları

• Changed Indicator Title
  

15 Tem

Sürüm Notları

• The bug that caused incorrect counting backwards of numbers has been fixed.
  

15 Tem

Sürüm Notları

• Fixed rutime error.
  

13 Ağu

Sürüm Notları

• Added Turn Signal Type options.
  

17 Ağu

Sürüm Notları

• The isCCILine option now also affects the visibility of symbols belonging to the CCI line.
  

5 Eyl

Sürüm Notları

• A line called the Trend Index has been added, which moves between -200 and 200 and gives information about the depth of the trend, indicating overbought when it approaches 200, and oversold when it approaches -200.
  

6 Eyl

Sürüm Notları

• Fixed MFI values.