OPEN-SOURCE SCRIPT
TL Waves
I created this indicator inspired by the miyuki waves indicator by eto_miyuki. In my indicator we have 17 types of moving averages which can be selected in the settings.
It is a trend indicator, the base of the wave is a moving average and 4 Average True Range (ATR) Bands derived from the baseline are formed.
There are also 3 moving averages in a guppy style, these 3 moving averages can also be configured.
The moving average options are:
SMA ---> Simple
WMA ---> Weighted
VWMA ---> Volume Weighted
EMA ---> Exponential
DEMA ---> Double EMA
ALMA ---> Arnaud Legoux
HMA ---> Hull MA
SMMA ---> Smoothed
LSMA ---> Least Squares
KAMA ---> Kaufman Adaptive
TEMA ---> Triple EMA
ZLEMA ---> Zero Lag
FRAMA ---> Fractal Adaptive
VIDYA ---> Variable Index Dynamic Average
JMA ---> Jurik Moving Average
T3 ---> Tillson
TRIMA ---> Triangular
All settings are available for changing inputs.
It is a trend indicator, the base of the wave is a moving average and 4 Average True Range (ATR) Bands derived from the baseline are formed.
There are also 3 moving averages in a guppy style, these 3 moving averages can also be configured.
The moving average options are:
SMA ---> Simple
WMA ---> Weighted
VWMA ---> Volume Weighted
EMA ---> Exponential
DEMA ---> Double EMA
ALMA ---> Arnaud Legoux
HMA ---> Hull MA
SMMA ---> Smoothed
LSMA ---> Least Squares
KAMA ---> Kaufman Adaptive
TEMA ---> Triple EMA
ZLEMA ---> Zero Lag
FRAMA ---> Fractal Adaptive
VIDYA ---> Variable Index Dynamic Average
JMA ---> Jurik Moving Average
T3 ---> Tillson
TRIMA ---> Triangular
All settings are available for changing inputs.
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.