WaveTrend Cross Alerts

Here's a test strategy for WaveTrend Crossovers indicator to allow buy/sell alerts when a red or green crossover occurs just an experiment and something to test out!

Wave Trend Alerts for Crossovers
This is a a code adapted by ChatGPT to allow buy/sell signals generated by the green/red indicators on the updated WaveTrend were the crosses appears. Not a 100% winning strategy but can help as a further confluence WaveTrend
Simply create a new pine code script on trading view. Sign up to explore TradingView now.
Pine Script v631 linesLocked8px
//@version=5
indicator("WaveTrend Price Arrows [LazyBear] v5", shorttitle="WT_PRICE_ARROWS_V5", overlay=true)

n1 = input.int(10, "Channel Length")
n2 = input.int(21, "Average Length")
confirmOnClose = input.bool(true, "Confirm signal on candle close")
showBuyArrows = input.bool(true, "Show BUY arrows")
showSellArrows = input.bool(true, "Show SELL arrows")

ap  = hlc3
esa = ta.ema(ap, n1)
d   = ta.ema(math.abs(ap - esa), n1)
ci  = d != 0 ? (ap - esa) / (0.015 * d) : 0.0
tci = ta.ema(ci, n2)

wt1 = tci
wt2 = ta.sma(wt1, 4)

rawBuy  = ta.crossover(wt1, wt2)
rawSell = ta.crossunder(wt1, wt2)

buySignal  = rawBuy and (not confirmOnClose or barstate.isconfirmed)
sellSignal = rawSell and (not confirmOnClose or barstate.isconfirmed)

// Arrows on main chart
plotshape(showBuyArrows and buySignal, title="BUY Arrow", style=shape.arrowup, location=location.belowbar, color=color.lime, text="BUY", textcolor=color.white, size=size.small)
plotshape(showSellArrows and sellSignal, title="SELL Arrow", style=shape.arrowdown, location=location.abovebar, color=color.red, text="SELL", textcolor=color.white, size=size.small)

// Alerts
alertcondition(buySignal, title="WaveTrend BUY Arrow", message="WaveTrend BUY on {{ticker}} {{interval}} at {{close}}")
alertcondition(sellSignal, title="WaveTrend SELL Arrow", message="WaveTrend SELL on {{ticker}} {{interval}} at {{close}}")
    
  

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1 reply of 2 replies

DJ Handsfree · 01 May 2026 05:17

This is a tested strategy and whilst not a 100% win rate it's worth back testing this with as an additional confluence with other indicators. Signals given on the 1 hour will be best to take instead of the 15 minute, but could signal a possible reversal.

DJ Handsfree · 01 May 2026 11:50

Have been testing this strategy for a few weeks now and is proving effective when stacked as a confluence with the WaveTrend indicator.

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WaveTrend Cross Alerts

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