ZenAlgo - Waves Indicator

Welcome to the Waves indicator documentation. Here you'll find details on how to use this indicator to maximize your trading performance.

Features

📄️ Divergences

The Divergence feature in the ZenAlgo Waves indicator identifies when price action deviates from key indicators, suggesting potential trend reversals or continuations. Divergences are an essential tool for spotting shifts in momentum, and they can signal when price and underlying indicators (like Wave and MoneyFlow) are out of sync.

📄️ Signals

The Waves indicator provides various signals to help traders identify optimal entry and exit points. These signals include bullish and bearish markers, crossover indicators, overbought/oversold alerts, and contra signals. This page breaks down each type of signal with visuals and guidance for interpreting them in your trading.

📄️ Symbols

If you're using ZenAlgo - Waves, your chart might look busy with various symbols and labels. Don't worry—here's a breakdown of each symbol and label so you can understand exactly what you're seeing.

📄️ Use Cases

The Waves indicator provides powerful insights into market trends and potential trade opportunities. This guide outlines practical use cases for the Waves indicator, including how to interpret basic structure, identify long and short signals, and use combined indicators on the price chart.

📄️ Other Indicators

The Waves indicator includes several additional indicators that enhance analysis by offering insights into broader trends, money flow, and overbought/oversold conditions. These indicators provide essential context to help confirm signals and improve decision-making.