From https://nexusfi.com/elite-circle/693-wave-indicator.html
The inspiration came from websouth's template, which I started a discussion on here:
https://forum.bigmiketrading.com/general-discussion/691-websouths-shared-price-action-templates.html
The indicator works a little different than websouth's implementation, because he was using the displacement chart feature which puts lines behind (historical) price. Within the indicator, I just painted the line using historical data, but it still plots real-time.
At any rate, it is a very interesting indicator. Sometimes it is a thing of beauty, others the visual aesthetics are not appealing but that usually means chop. If the indicator looks like shit then the price action is probably shit, too. ![Smile](https://nexusfi.com/images/smilies/smile.gif)
All colors are fully configurable, as is the shading, and opacity. You can also control the historical period rate.
Attached are a few screens plus the indicator. It's the top panel stuff.
I look forward to your input ![Smile](https://nexusfi.com/images/smilies/smile.gif)
Mike
Category The Elite Circle
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