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Miha Kralj
58f0812584
- Implemented Vortex Indicator in Vortex.cs, including calculation logic and event handling. - Added detailed documentation for Vortex Indicator in Vortex.md, covering historical context, algorithm, outputs, and trading interpretation. - Updated oscillators index to include TTM Wave indicator. - Added TTM Wave documentation with algorithm and trading interpretation. - Updated reversals index to include TTM Scalper Alert indicator. - Added TTM Scalper Alert documentation with algorithm and trading strategy. - Updated NDepend badges to reflect increased code metrics (classes, methods, lines of code, public types, comments, and complexity).
1.9 KiB
1.9 KiB
TTM_WAVE: TTM Wave
Pending Implementation - Placeholder for John Carter's TTM Wave indicator
Historical Context
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.
Algorithm
Wave A (Short-term momentum)
Wave_A1 = EMA(close, 8) - EMA(close, 34)
Wave_A2 = EMA(Wave_A1, 34)
Wave B (Medium-term momentum)
Wave_B1 = EMA(close, 8) - EMA(close, 55)
Wave_B2 = EMA(Wave_B1, 55)
Wave C (Long-term momentum using Fibonacci periods)
e1 = EMA(close, 34)
e2 = EMA(close, 55)
e3 = EMA(close, 89)
e4 = EMA(close, 144)
e5 = EMA(close, 233)
e6 = EMA(close, 377)
Wave_C = e1 + e2 + e3 + e4 + e5 + e6 - 6 * EMA(close, some_avg_period)
Fibonacci Periods
| Period | Fibonacci |
|---|---|
| 8 | F(6) |
| 34 | F(9) |
| 55 | F(10) |
| 89 | F(11) |
| 144 | F(12) |
| 233 | F(13) |
| 377 | F(14) |
Outputs
| Output | Type | Description |
|---|---|---|
| WaveA | double | Fast momentum oscillator (red/magenta histogram) |
| WaveB | double | Medium momentum oscillator (dark red/magenta histogram) |
| WaveC | double | Slow momentum composite (blue histogram) |
Trading Interpretation
- All waves aligned: Strong trend - ride the move
- Wave A diverges from C: Early warning of potential reversal
- Waves crossing zero: Momentum shift in progress
- Wave C color change: Major cycle direction changing
Category
Oscillators - Multi-period momentum composite oscillating around zero line.