Omar Edited WF is a trading strategy overlay built around Williams Fractals and multiple Exponential Moving Averages. It detects high and low fractal pivot points over configurable lookback periods alongside three adjustable EMA trendlines. Long entries are ma
Strategy · Pine Script v5 · On the chart
Wavy Tunnel MS3
The Wavy Tunnel MS3 strategy plots multiple exponential moving averages to form a wavy tunnel on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code369
Settings40inputs
LicenceNone stated
Last update1 year ago16 Nov 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
Wavy Tunnel MS3 computes wavy high, close, and low lines using 34-period EMAs, along with 144- and 169-period tunnel lines and a 12-period EMA. Optional RSI and ATR filters refine signals, while a configurable threshold requires a minimum gap between price and waves for entries. Liquidity levels trigger take-profit calculations with fallback distance limits. A second strategy option adds gap-based entries. Positions enter and exit based on wave interactions with pyramiding supported and no stop loss by default.
- Wavy Tunnel EMAs
- RSI ATR filters
- Threshold gap entry
- Liquidity TP detection
- Second strategy mode
Details
Published by
algoboss710 on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Apply RSI filter | bool | false | ApplyRsifilter |
| Apply ATR filter | bool | false | ApplyAtrfilter |
| Apply Threshold | bool | true | ApplyThreshold |
| Threshold default in Ticks | int | 100 | Threshold |
| Threshold for quote USD in Ticks | int | 2 | ThresholdUSD |
| Threshold for quote EUR in Ticks | int | 2 | ThresholdEUR |
| Threshold for quote JPY in Ticks | int | 300 | ThresholdJPY |
| Threshold for quote GBP in Ticks | int | 6 | ThresholdGBP |
| Threshold for quote CHF in Ticks | int | 2 | ThresholdCHF |
| Threshold for quote AUD in Ticks | int | 2 | ThresholdAUD |
| default | float | 100 | minAutoTpThreshold |
| USD | float | 5 | minAutoTpThresholdUSD |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| EUR | float | 10 | minAutoTpThresholdEUR |
| JPY | float | 100 | minAutoTpThresholdJPY |
| GBP | float | 50 | minAutoTpThresholdGBP |
| CHF | float | 5 | minAutoTpThresholdCHF |
| AUD | float | 5 | minAutoTpThresholdAUD |
| default | int | 250 | lastTpLimit |
| USD | int | 15 | lastTpLimitUSD |
| EUR | int | 10 | lastTpLimitEUR |
| JPY | int | 800 | lastTpLimitJPY |
| GBP | int | 60 | lastTpLimitGBP |
| CHF | int | 15 | lastTpLimitCHF |
| AUD | int | 15 | lastTpLimitAUD |
| peak type | int | 21 | peak_type |
| Enable Second Strategy | bool | true | enableSecondStrategy |
| Default | int | 650 | minGapSecond |
| USD | int | 15 | minGapSecondUSD |
| EUR | int | 15 | minGapSecondEUR |
| JPY | int | 650 | minGapSecondJPY |
| GBP | int | 50 | minGapSecondGBP |
| CHF | int | 15 | minGapSecondCHF |
| AUD | int | 15 | minGapSecondAUD |
| Max percentage allowed into the Zone | float | 0.25 | MaxAllowIntoZone |
| Date Range | bool | false | IsRange |
| From Date | time | timestamp("01 FEB 2024 00:00 +0000") | fromDate |
| To Date | time | timestamp("16 MAR 2024 00:00 +0000") | toDate |
| Support and Resistance Proximity | bool | true | IsProximity |
| Support and Resistance Proximity | float | 0.01 | SupportResistanceProximity |
| RSI Period | int | 14 | rsiPeriod |
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.
Similar Pine Scripts
This strategy calculates dynamic support and resistance levels using pivot highs and lows alongside a custom smoothed trend filter and a 3-period EMA. It identifies entry opportunities when price breaks out relative to the trend filter and short-term EMA cross
This strategy overlays the price chart and looks for VWAP pullbacks. It goes long when a short SMA crosses above VWAP after RSI has been oversold within ten bars, and short on the opposite cross after RSI has been overbought. Optional Minervini-style moving-av
This strategy combines three Exponential Moving Averages with Williams Fractals to execute trend-following or mean-reverting trades. It analyzes price structure using short, medium, and long-term EMAs along with fractal highs and lows. Entries trigger when fra
This strategy executes trades based on pivot levels, an exponential moving average, and a multi-stage smoothing trend line. It identifies support and resistance points from pivot highs and lows, combining them with price relationship rules against a custom smo
This strategy generates entry signals using pivot points and uses custom Curie moving average closing lines for exiting positions. It features risk management components including percentage-based stop loss, take profit, trailing stops, and break-even levels,
Related on ForexR
EA LibraryFree Trend-Following Expert AdvisorsGuideMoving Averages in ForexGuideSupport and Resistance in ForexLive priceEUR/USD live price, chart and pivotsGuideHow to Backtest a Pine Script Strategy in TradingViewCalculatorRisk & Reward CalculatorCalculatorPivot Point CalculatorLive priceGBP/USD live price, chart and pivots
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers