WaveTrend v3 [WavesUnchained]

Category: momentum, market_structure, trend, volume

A multi-layered composite indicator that uses a WaveTrend oscillator (CCI-based) filtered by market structure pivots, volume profile POC reclaims, and multi-timeframe alignment scoring.

Formula

$AP = \frac{High + Low + 2 \cdot Close}{4}$ (HLCC4 variation)  
$ESA = EMA(AP, \text{chLength})$  
$D = EMA(|AP - ESA|, \text{chLength})$  
$CI = \frac{AP - ESA}{0.015 \cdot D}$  
$WT1 = EMA(CI, \text{avgLength})$  
$WT2 = EMA(WT1, \text{sigLength})$  
$\text{Score} = \sum(\text{Structure} + \text{Vol Spike} + \text{POC Reclaim} + \text{HTF Alignment})$

Inputs

• Channel Length (default: 10)
• Average Length (default: 21)
• Signal Length (default: 4)
• CI Constant (default: 0.015)
• OB Threshold (default: 56)
• OS Threshold (default: -56)
• Local POC Lookback (default: 100)
• Min Context Score (default: 3.0)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.