Wicked Wave Indicator
Trade Smarter
Why You Should Trade With This Tool...
Wicked Wave
The TDU Wicked Wave is a high-performance trading tool that combines the best parts of several classic indicators into one easy-to-read oscillator. It helps you quickly identify when a trend is starting, continuing, or about to reverse.
Spot Trends Instantly
The color-coded histogram tells you exactly how strong a trend is so you never have to guess which way the market is moving.
Versatile Entry Signals
Whether you like trading with the trend or catching market turns, the built-in "C" (Continuation) and "R" (Reversal) signals have you covered.
Trade Any Market
This tool is designed to work on any timeframe, any asset class, and any bar type within NinjaTrader.
Watch the Wicked Wave in Action
How It Works
The indicator is divided into two easy-to-understand parts: the colored histogram bars and the blue trend line. Together, they give you a complete picture of market momentum.
The Histogram (Trend Strength)
The bars tell you who is in control. If they are above the center line, look for "Long" (Buy) trades. If they are below, look for "Short" (Sell) trades. The colors make it even simpler:
- Bright Red/Green: Strong trend. Look to join the move.
- Dark Red/Green: The trend is slowing down; a reversal might be coming.
- White: The market is neutral or the trend is changing.
The Blue Trend Line
This line acts as your confirmation. When the blue line is below the histogram, you are in an uptrend. When it is above, you are in a downtrend. By watching how the histogram moves in relation to this line, you can find safe "continuation" trades during a strong move.
Automated Signals and Alerts
You don't have to stare at the screen waiting for a setup. The Wicked Wave automatically plots signals directly on your chart:
1. Zero Cross (X)
Marked by an 'X', this appears when the histogram crosses the center line, signaling a potential new trend direction.
2. Trend Reversal (R)
Marked by an 'R', this warns you that the market is likely to change direction, especially useful near support and resistance levels.
3. Trend Continuation (C)
Marked by a 'C', this shows you a great place to add to an existing trade or jump into a trend that has already started.
Bloodhound & Blackbird Support
For advanced traders, this indicator is fully compatible with automation tools. It exports specific "Signal Plots" so you can build your own automated trading strategies based on the Wicked Wave's logic.
- ContinuationLong / ContinuationShort
- ReversalLong / ReversalShort
- ZeroCrossLong / ZeroCrossShort
Full Feature Specifications
- Multi-Indicator Logic: Combines RSI, QQE, MACD, and Stochastics.
- Visual Trade Signals: Clear on-chart markers for entries and exits.
- Automatic Alerts: Get notified the moment a signal appears.
- Paint Bars: Changes the color of your price bars to match the trend.
- Universal Compatibility: Works with any NinjaTrader license and any financial instrument.
Update History
28-may-2022 v1.0.1.5
- small bugfix.
12-dec-2021 v1.0.1.4
- Added extra plots for bloodhound.
29-July-2021 v1.0.1.2
- Chopzone color was not saved
- Histogram will now use chopzone color when inside the chopzone.
31-05-2021 v1.0.1.1
- Added support for bloodhound/blackbird
14-02-2021 v1.0.0.0
- added alert for breakout out of chopzone
- allow users to change color & thickness op chopzone lines
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