Diamond Wave
This oscillator is calculated on the basis of convergence / divergence of the moving average. This must-have of any trader who wants to improve the technical analysis.
Unlike other oscillators, this tool offers a number of features to filter transactions and a more precise analysis of market conditions. In combination with other agents is a powerful filter that is suitable for any trading strategy.
Principle of operation
The main line is calculated from the difference between fast and slow moving average.
Signal line – a moving average applied to the main line.
Difference histograms are calculated from the difference between the primary and the signal lines.
For further instructions please go to video link
Characteristics
- Complete oscillator that can be used as a filter in various trading strategies
- indicator settings are fully customizable by the trader needs
- Supports 10 different types of moving average
- SMA (simple moving average)
- EMA (exponential moving average)
- SMMA (smoothed moving average)
- LWMA (linearly weighted moving average)
- DEMA (Double Exponential Moving Average)
- TEMA (triple exponential moving average)
- TMA (triangular moving average)
- T3MA (triple smoothed moving average)
- HMA (moving average Hala)
- It supports a new type of moving average – FQMA (Fxquickroute Moving Average), that employs improved formula to reduce delays and filtering the trend
- Supports 4 drawing modes, customized to the requirements of the trader.
- Line Mode – the easiest and most intuitive way to display the divergences
- Oscillator Mode clearly shows the strength and direction of the trend
- Line With Histograms graphically displays the pulse and divergence
- Oscillator With Histogram graphically displays the strength of the trend and momentum
- Look at the picture by clicking on the link
- It helps to see the trend in using the main and signal lines
- histograms uptrend painted in dark blue
- histograms correction of uptrend painted in light blue
- histograms downtrend painted in dark red
- histograms correction of the downtrend painted in light red
- Look at the picture by clicking on the link
- It helps determine pulse using the differences in the histograms in “Line With Histograms ” or “Oscillator With Histogram”
- The blue bar graph It means bovine pulse
- Red histogram It means bearish momentum
- Look at the picture by clicking on the link
- It helps to recognize intersection and change the trend. Intersections may be an early sign change trend
- blue dots = Bullish crossover, the trend may change from downward to upward
- red dots = Bearish cross, the trend may change from ascending to descending
- Look at the picture by clicking on the link
- It helps identify divergence
- The usual divergence Indicated by the letter = “R”, usually talk about reversal
- hidden divergence Indicated by the letter = “H”, usually talk about the continuation of the trend
- Look at the picture by clicking on the link
- Built-in filter analysis of the market
- The indicator is easy to use and allows to set the other lights on the same window for reading the first indicator data
- For example: to Diamond Wave can be attached to a classic Bollinger Bands
- go to link
- It works on all cylinders
- It works on all timeframes
- It works well in conjunction with other indicators
- is not redrawn
- not converted
- The calculation occurs on every tick, but the final settlement is made after the close of the current bar
- It has the functions of a pop-up notifications, email notifications, and push-notification
- The indicator has external buffers to be combined with an expert
Options
The main parameters are self-explanatory. The following are important parameters
- Drawing Mode = type indicator display. There are 4 options to choose from. You need to select the appropriate mode
- MA Method = calculation method used. You can choose from 10 different methods
- Fast MA Period = number of bars to calculate the faster moving average
- Slow MA Period = number of bars to calculate the slow moving average
- Signal Period = period moving average applied to the difference between fast and slow moving averages
- Bars To Analyze = maximum number of bars used historic
Video
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