WaveTrend analyzes swing highs and lows to determine the current market trend state, going beyond simple directional movement to identify the quality and strength of trends. The indicator classifies market behavior into seven distinct states: Uptrend, Downtrend, Sideways-Up, Sideways-Down, Uptrend Violation, Downtrend Violation, and Undetermined.
By tracking higher highs, lower highs, higher lows, and lower lows, WaveTrend provides a comprehensive framework for understanding market structure. It identifies not just when trends exist, but when they’re being challenged (violations) or transitioning (sideways movements), giving traders actionable insight into potential reversals and continuations.
Trend State Analysis
Swing Detection Engine
Multi-Timeframe Support
Visual Components
Advanced Filters
Customization Options
Perfect for day traders needing quick structure analysis, swing traders identifying key reversal points, and systematic traders building trend-following strategies.
30-Day Compatibility Guarantee
Our team is here to uphold the best software standards in user experience and functionality! If you have questions about your purchase, please reach out to us before purchasing. We go the extra mile to satisfy our client’s needs as much as humanly possible. Free trials are not available for every product but we will provide one when available.
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