A take on LazyBear's Wavetrend_Oscillator The idea is bit modified.
Original Idea: When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.
Modified Idea: Carrying the original idea, if the oscillator crosses the overbought band (red lines) and crosses down the signal (dotted line) twice without crossing the Oversold band (green lines) and crosses above the signal (dotted line), a buy or sell signal will take place when the oscillator crosses the dotted line and the value of oscillator is >0(if sell order is to be placed) and <0(if buy order is to be placed).
Thank you Sudeep. I need just one condition to be added to the original Wave Trend Oscillator by Lazybear. Add overbought and sold levels to the crossover for trigger
Omer_Kaygin
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awesome indicator. thanks for sharing. doesn't repaint