WaveTrend 3D is a redesigned oscillator that implements the classic WaveTrend algorithm with kernel-based regression for trend reversal confirmation and multi-timeframe support. It calculates a smoothed oscillator line and displays a symmetrical three-dimensio
Indicator · Pine Script v4 · Own pane
VuManChu B Divergences
VuManChu B Divergences is a momentum indicator that plots WaveTrend oscillator values and an MFI area in a separate pane.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code99
Settings13inputs
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
VuManChu B Divergences calculates signals for long entries on bullish crosses below zero levels and short entries on bearish crosses above zero levels. The script optionally incorporates higher timeframe data and VMC Ob/Os conditions to filter signals. Main inputs allow users to adjust WaveTrend lengths, MFI period and area multiplier, plus overbought and oversold thresholds. It draws signals on the chart pane without repainting and provides no built-in stop loss or position sizing.
- WaveTrend Oscillator
- MFI Area
- Ob/Os Levels
- Cross Signals
- HTF Support
Details
Published by
jerryinyang on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Support & resistance, Divergence
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 |
|---|---|---|---|
| Use VuManChu Money Flow? | bool | false | useVmcMf |
| Use Higher Timeframe | bool | false | vmcUseHTF |
| Higher Timeframe | timeframe | 240 | vmcRes |
| Use VMC Ob/Os? | bool | false | useVMCObOS |
| WT Channel Length | int | 9 | wtChannelLen |
| WT Average Length | int | 12 | wtAverageLen |
| WT MA Source | source | hlc3 | wtMASource |
| WT MA Length | int | 3 | wtMALen |
| WT Overbought Level | int | 53 | obLevel |
| WT Oversold Level | int | -53 | osLevel |
| MFI Period | int | 60 | rsiMFIperiod |
| MFI Area multiplier | float | 150 | rsiMFIMultiplier |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| MFI Area Y Pos | float | 2.5 | rsiMFIPosY |
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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