INVITE-ONLY SCRIPT
G-Ron TrendWave
The G-Ron TrendWave Indicator is an advanced trading tool designed to identify trend momentum and potential reversals across multiple timeframes. This indicator is ideal for swing traders and intraday traders looking for high-quality, actionable signals.
How Does It Work?
The G-Ron TrendWave uses advanced moving average differential calculations to pinpoint key momentum levels in the market. It identifies both trend continuation and reversals, highlighting strong momentum shifts with clear visual cues.
What Makes It Unique?
The G-Ron TrendWave uses two distinct cloud visualizations:
The clouds change color dynamically based on price action: yellow for uptrends, red for downtrends.
Underlying Logic
The G-Ron TrendWave operates on a refined version of a triple EMA crossover which is extremely effective at filtering out short-term market noise while maintaining responsiveness to sudden price moves. EMA differentials are used to smoothen trends and provide earlier warnings for trend reversals.
How to Use
How Does It Work?
The G-Ron TrendWave uses advanced moving average differential calculations to pinpoint key momentum levels in the market. It identifies both trend continuation and reversals, highlighting strong momentum shifts with clear visual cues.
What Makes It Unique?
The G-Ron TrendWave uses two distinct cloud visualizations:
- TrendWave Cloud: Captures the overall trend direction, providing clarity on whether the market is trending upward or downward.
- Reversal Cloud: Helps identify potential turning points or market reversals, aiding in both entry and exit timing.
The clouds change color dynamically based on price action: yellow for uptrends, red for downtrends.
Underlying Logic
The G-Ron TrendWave operates on a refined version of a triple EMA crossover which is extremely effective at filtering out short-term market noise while maintaining responsiveness to sudden price moves. EMA differentials are used to smoothen trends and provide earlier warnings for trend reversals.
How to Use
- Trend Continuation: When price is above or within the yellow TrendWave Cloud it signals a strong bullish trend continuation. When price is below or within the red TrendWave Cloud it signals a strong bearish trend continuation.
- Reversal Signals: Watch for changes in the Reversal Cloud to signal potential shifts in the long-term market trend.
- Multi-TimeFrame View: For deeper insights, use the indicator across various timeframes. Shorter timeframes are suited for quick trades, while longer timeframes offer better signals for position traders. The Long-Term TimeFrame setting should always be at least three times your current chart timeframe.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact C0bb for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Access the G-Ron TrendWave Indicator here: http://www.patreon.com/GRonTrendWave
Private message C0bb on Trading View for a trial version.
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Warning: please read before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.