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Indicator · Pine Script v4 · On the chart
Cerebr Wave
Cerebr Wave is an overlay indicator that combines multi-timeframe Keltner Channels with a Wave Trend oscillator to analyze market structure and momentum.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code227
Settings37inputs
LicenceNone stated
Last update2 years ago12 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Cerebr Wave calculates higher-timeframe and lower-timeframe Keltner Channels alongside Wave Trend crossover signals, while providing input settings for optional Stochastic, MACD, and RSI filters. Key parameters allow customization of channel lengths, multipliers, range styles, and overbought or oversold thresholds. Drawn directly on the main price chart, the script is designed as a multi-timeframe framework, though the underlying codebase remains incomplete.
- Higher and lower timeframe Keltner Channels
- Wave Trend momentum oscillator signals
- Customizable overbought and oversold thresholds
- Configurable Stochastic MACD and RSI filter settings
Details
Published by
jerryinyang on GitHub
Code credit
Jerry, as written in the script's header
Type
Indicator, Pine Script v4
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| HTF Timeframe | timeframe | 240 | htfKCRes |
| Source | source | close | htfKCSrc |
| HTF Length | int | 50 | htfKCLength |
| HTF Multiplier | float | 1 | htfKCMult |
| Range Style | string | ATR | htfKCRange |
| Range Period | int | 14 | htfKCRangeLen |
| LTF Timeframe | timeframe | 30 | ltfKCRes |
| Source | source | close | ltfKCSrc |
| LTF Length | int | 50 | ltfKCLength |
| LTF Multiplier | float | 2 | ltfKCMult |
| Range Style | string | ATR | ltfKCRange |
| Range Period | int | 10 | ltfKCRangeLen |
Show all 37 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Channel Length | int | 10 | wtChannelLen |
| Average Length | int | 21 | wtAvgLen |
| WT Overbought | int | 50 | wtOb |
| WT Oversold | int | -50 | wtOs |
| Use Wave Trend Overbought/Oversold Levels | bool | true | wtUseObOs |
| Use Additional Filters | bool | false | useFilter |
| Use Stochastic | bool | true | useSt |
| Use MACD | bool | true | useMacd |
| Use RSI | bool | true | useRsi |
| Stochastic Timeframe | timeframe | 60 | stRes |
| %K Length | int | 14 | stLen |
| %K Smoothing | int | 1 | stSmooth |
| %D Smoothing | int | 3 | stSigLen |
| Overbought | int | 75 | stOb |
| Oversold | int | 25 | stOs |
| MACD Source | source | close | macdSrc |
| MACD Fast Length | int | 12 | macdflen |
| MACD Slow Length | int | 26 | macdslen |
| MACD Signal Line | int | 9 | siglen |
| MACD TimeFrame | timeframe | 120 | htfMacdRes |
| RSI Source | source | close | rsiSrc |
| RSI Length | int | 14 | rsiLen |
| RSI Timeframe | timeframe | 120 | rsiRes |
| Overbought | int | 60 | rsiOb |
| Oversold | int | 40 | rsiOs |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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