Double Wave applies standard indicators, volatility, volume and a number of custom approaches allowing for efficient combination of all mentioned tools.
The indicator allows you to define possible price reversal points both in the direction of a trend (preferable) and against it. Also the indicator assists in determining the trend and visualizes it by displaying a histogram.
The indicator works with any symbol provided that you have sufficient history data for a timeframe the indicator is launched at. Timeframes from M1 to D1 are recommended for Double Wave .
Alert options
Alerts are activated when one of the indicator lines crosses the zero level on the current or first bar depending on the settings. A trend change notification is generated when the histogram crosses the zero level.
Parameters
- Main Settings :
- HistoryBars - number of bars for display.
- DBTPeriod - period for trend calculation.
- DBPeriod - calculation period.
- Delta - delta between the indicator lines.
- VModifi - modification using the tick volume.
- ShowLine - show the indicator line.
- ShowGisto - show the trend histogram.
- Alert Settings :
- Alerts - if true, alert is enabled.
- AOnCurrent - if 'false', alert is activated at a new bar opening, if 'true', alert is activated on the current one.
- AMessage - display a dialog window.
- ASound - generate a sound alert.
- AEmail - send an email using an address specified on the Email tab of the options window.
- ANotificaton - send notification to mobile terminals.
- soundfile - the name of the audio file.
