WaveRider Monthly Package (Oscillator + Trend + Volume Swings)

• This indicator identifies bullish and bearish trend strength.
  
• Trend strength is rated between 0-11 (🤘)
• The indicator can be overlaid on the price chart, on top of another indicator.
• Viewing number scores is an optional setting.

WaveRider Volume Swings:

• This indicator shows volume strength at the daily (yellow), weekly (blue), and monthly (purple) timeframes.
• Above zero is bullish, and below is bearish. 
• The green 'Composite' line factors in all these levels together as one.
  
  
  

• The Oscillator identifies trend exhaustion and potential reversals in price. A bullish (aqua-colored) move or a bearish (fuchsia-colored) move indicates a deviation from the mean trend zone (0-1).
• A simpler way to think about the Oscillator is that the fuchsia color indicates overbought conditions and the aqua color indicates oversold conditions.
• Price reversals tend to move most rapidly as the oscillator crosses over 0 or under 1. At these levels, the forces that have caused price to diverge are no longer dominant. As a result, the price can quickly begin reverting to its mean.
• The scale of the reversion is relative to the timeframe the oscillator is applied and says nothing about the prevailing price movement at higher or lower time periods.
  
  

• When an arch appears below 0 or above 1 it is only a matter of time before it crosses over or under these lines again. At this point, you may witness a "pop" in price, offering an opportunity to scalp trade or make a better guess at which way a critical level may break.
• Similar to price charts, trendlines can be drawn on the Oscillator to spot trend breaks and predict how long a move is likely to last. Utilizing trendlines in this way is highly effective and recommended.

Advance Usage:

• Stacking multiple Timeframes.  Depending on your TradingView subscription you'll be able to stack a certain number of Oscillators on top of one another, merge scales and set each to a different timeframe.   This allows you to see when Oscillator moves occur together, which often leads to a larger, longer-lasting trend reversal.

• It’s better if you see the same Oscillator move stacked on multiple timeframes.
• Higher timeframes tend to be more powerful and longer-lasting.
• It’s better if deviations appear as deep clean arcs in shape. Messy arcs suggest that there’s no dominant force moving price, making it harder to predict future price trajectory.
• When stacking multiple timeframes we recommend setting each to a different color. 

• You can reduce noise by increasing the EMA length in settings. This improves accuracy but creates a lag.
  
• EMAs - An option to add an EMA fan (lengths 10, 20, 50, 100, 200) to the Oscillator.
  
• Ichimoku - An option to add an Ichimoku cloud to the Oscillator.