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The WaveTrend Oscillator helps identify trends and potential entry and exit points in the market. The indicator is displayed as a histogram on a price chart, and it can change color depending on the current trend of the security being analyzed. When the histogram bars are green, it indicates an uptrend, while red bars indicate a downtrend. Additionally, the WaveTrend Oscillator can generate overbought and oversold signals. Traders can use the WaveTrend Oscillator to help identify potential entry and exit points in the market. For example, a buy signal may be generated when the histogram bars cross above the oversold level in an uptrend, while a sell signal may be generated when the histogram bars cross below the overbought level in a downtrend.
  WaveTrend Oscillator Action
 WaveTrend(10,21) Crossed Above -60    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Crossed Above -53    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Crossed Above 0    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Crossed Below 60    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Crossed Below 53    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Crossed Below 0    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Is Above 60    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Is Above 53    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Is Below -53    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Is Below -60    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Up Last 3 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Up Last 7 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Up Last 13 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Down Last 3 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Down Last 7 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Trending Down Last 13 Days    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Bullish Divergence    Customize Screen    Backtest Screen    Create Strategy and Backtest   
 WaveTrend(10,21) Bearish Divergence    Customize Screen    Backtest Screen    Create Strategy and Backtest   




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