by 
This indicator calculates pivot high and pivot low points on the price chart based on configurable left and right bar counts. Confirmed pivot highs and lows are plotted with negative bar offsets directly on the price chart using line and cross styles. Addition
Indicator · Pine Script v6 · On the chart
Reverse Wave Trend %J
Calculates the Wave Trend %J oscillator and works backwards through its equations to project the required price levels needed to reach target oscillator values.
GitHub stars2on the repository
Pine versionv6current
Lines of code197
Settings9inputs
LicenceNone stated
Last update9 months ago25 Jan 2026
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
Reverse Wave Trend %J approximates the Channel Index required for specified overbought or oversold conditions and projects corresponding price targets directly on the main price chart. Custom settings allow adjusting Wave Trend smoothing lengths, fast and slow multipliers, and toggling specific target thresholds.
- Reverse price level calculation for target oscillator values
- Wave Trend %J oscillator computation
- Overbought and oversold price target projections
- On-chart target level visualization
Details
Published by
mushroom-men-Trading on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Support & resistance
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 |
|---|---|---|---|
| WT Channel Length | int | 10 | wt_channel_length |
| WT Average Length | int | 21 | wt_average_length |
| Fast Multiplier | float | 3.0 | j_multiplier_fast |
| Slow Multiplier | float | 2.0 | j_multiplier_slow |
| Target WT %J | float | 60.0 | target_wt_j |
| Show Oversold Target (-60) | bool | true | show_oversold_target |
| Show Overbought Target (+60) | bool | true | show_overbought_target |
| Show Required Price Levels | bool | true | show_price_levels |
| Show Current WT %J Value | bool | true | show_current_wt_j |
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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