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MACD Breakout builds a higher-timeframe MACD from preset fast and slow lengths using SMA or EMA, and marks support and resistance zones from histogram sensitivity. Optional filters require zero-line agreement, higher-timeframe direction, and linear-regression
Indicator · Pine Script v4 · Own pane
WaveTrend [LazyBear]
The WaveTrend indicator calculates two oscillator lines, wt1 and wt2, using a channel length on hlc3 price and an average length.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code48
Settings0inputs
LicenceNone stated
Last update7 months ago5 Mar 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
WaveTrend [LazyBear] plots wt1 in green and wt2 in red in a separate pane together with overbought and oversold horizontal levels and the histogram area between the lines. It generates signals on crosses of wt1 over wt2 for bullish crosses and under for bearish crosses, coloring the cross markers accordingly and applying barcolor to the signal bar. Main settings control the channel length, average length, and overbought oversold thresholds. The indicator draws exclusively in a separate pane and lacks built-in exit rules or stop loss.
- WaveTrend oscillator
- cross signals
- overbought oversold levels
- separate pane
- histogram area
Details
Published by
avatar-lavventura on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, 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.
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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