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71 lines
1.9 KiB
Markdown
71 lines
1.9 KiB
Markdown
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# TTM_WAVE: TTM Wave
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> **Pending Implementation** - Placeholder for John Carter's TTM Wave indicator
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## Historical Context
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John Carter developed TTM Wave as a multi-period MACD composite indicator using Fibonacci-based periods. The indicator displays three "waves" (A, B, C) that help traders identify the alignment of multiple timeframes and the strength of momentum across different cycle lengths.
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## Algorithm
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### Wave A (Short-term momentum)
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```
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Wave_A1 = EMA(close, 8) - EMA(close, 34)
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Wave_A2 = EMA(Wave_A1, 34)
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```
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### Wave B (Medium-term momentum)
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```
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Wave_B1 = EMA(close, 8) - EMA(close, 55)
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Wave_B2 = EMA(Wave_B1, 55)
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```
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### Wave C (Long-term momentum using Fibonacci periods)
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```
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e1 = EMA(close, 34)
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e2 = EMA(close, 55)
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e3 = EMA(close, 89)
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e4 = EMA(close, 144)
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e5 = EMA(close, 233)
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e6 = EMA(close, 377)
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Wave_C = e1 + e2 + e3 + e4 + e5 + e6 - 6 * EMA(close, some_avg_period)
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```
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## Fibonacci Periods
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| Period | Fibonacci |
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|:-------|:----------|
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| 8 | F(6) |
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| 34 | F(9) |
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| 55 | F(10) |
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| 89 | F(11) |
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| 144 | F(12) |
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| 233 | F(13) |
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| 377 | F(14) |
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## Outputs
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| Output | Type | Description |
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|:-------|:-----|:------------|
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| WaveA | double | Fast momentum oscillator (red/magenta histogram) |
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| WaveB | double | Medium momentum oscillator (dark red/magenta histogram) |
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| WaveC | double | Slow momentum composite (blue histogram) |
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## Trading Interpretation
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1. **All waves aligned:** Strong trend - ride the move
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2. **Wave A diverges from C:** Early warning of potential reversal
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3. **Waves crossing zero:** Momentum shift in progress
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4. **Wave C color change:** Major cycle direction changing
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## Category
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**Oscillators** - Multi-period momentum composite oscillating around zero line.
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## See Also
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- [MACD: Moving Average Convergence Divergence](../../momentum/macd/Macd.md)
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- [AO: Awesome Oscillator](../ao/Ao.md)
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- [TTM_SQUEEZE: TTM Squeeze](../../dynamics/ttm_squeeze/TtmSqueeze.md)
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