"Qwave" Indicator
Last updated
Last updated
The Qwave is essentially an "over/under" style alert indicator.
When price breaks above the configured bands, a BULL price alert will print.
When price breaks below the configured bands, a BEAR price alert will print.
The Qwave price alerts are completely customizable to suit your trading style.
Want more price alerts? Tighten the "Qwave Bands Deviation" by decreasing the value.
Want less price alerts? Broaden the "Qwave band Deviation" by increasing the value.
The "APB Number Of Bars Back" will smooth out the bands so more or less alerts will show, depending on the value you input.
You'll notice the default settings include the "ADD" alerts being turned on.
These are alerts that print where you can "ADD" to winning trades. This is especially useful in trending markets.
If you want to only display Qwave alerts during specific time periods or trading sessions, you can do so in the "Sessions" section of the Qpro indicator.
This is especially useful to avoid taking alerts during low volume periods of the day.
You can also customize the style of the Qwave price alerts via the "Style" section of the Qpro indicator.
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