OPEN-SOURCE SCRIPT
Updated SWAVE
This uses combination of
1. EMA difference
2. stochastic
Green column = up move
Red column = down move
Silver column = neutral
1. EMA difference
2. stochastic
Green column = up move
Red column = down move
Silver column = neutral
Release Notes
Below changes1. EMA difference seen in reference to smooth stoch instead of stoch to give better smooth result
2. option to plot both smooth stochastic and ema difference
Results: will give smooth entry exit signals and serve as multi indicator plot
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.