Bullhouse WavePrice

The Wave Price indicator is an advanced technical analysis tool that visualizes price movements in wave formations using a ZigZag approach. It helps traders identify significant price patterns, trends, and potential reversals by breaking down price action into meaningful waves.

• Price Wave Analysis: Visualizes price movements in clear wave patterns
• ZigZag-based Calculation: Filters out market noise and focuses on significant price moves
• Color-Coded Waves:
  • Aqua: Bullish waves (upward price movements)
  • Red: Bearish waves (downward price movements)
  • Yellow: Indecision periods (consolidation)
• Separate Window Display: Clean and clear visualization separate from the main chart

Input Parameters

• Price Type: Choose between closing prices or extremes
• ZigZag Period: Customize the sensitivity of wave detection
• Wave Colors: Fully customizable color scheme for different wave types

Applications

• Identify trend direction and strength
• Spot potential reversal points
• Analyze price momentum
• Find support and resistance levels
• Detect price action patterns

Note: Past performance does not guarantee future results. Please test the indicator thoroughly in a demo account before using it in live trading.