This post focuses on customizable Wave Trend Oscillator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Wave Trend Bearish Crossover
Tags: wave trend, wavetrend bearish crossover screener, wavetrend indicator, wavetrend oscillator, wavetrend scanner, wavetrend screener, wavetrend stock screener, wavetrend with crosses
List symbols where WaveTrend(10,21) crossed below WaveTrendSig(10,21) after remaining above for 3 bars
Add Column WaveTrend(10,21) as WT chart
Add Column WaveTrendSig(10,21) as WTSig
Apply to NSE
This scan is designed to identify NSE symbols (stock market symbols for companies listed on the National Stock Exchange) where the WaveTrend indicator has recently moved from being above its signal line to crossing below it. This condition must occur after the WaveTrend has stayed above the signal line for three consecutive bars.
OPTION 1
You can also customize and include additional conditions in the scan mentioned above as per your specific requirements.
List symbols where WaveTrend(10,21) crossed below WaveTrendSig(10,21)
And Volume > AvgVol(10)
Add Column WaveTrend(10,21) as WT chart
Add Column WaveTrendSig(10,21) as WTSig
Add Column WaveTrendDiv(10,21) as WTDiv
Apply to NSE
Wave Trend Bullish Crossover
Tags: wave trend, wavetrend bullish crossover screener, wavetrend indicator, wavetrend oscillator, wavetrend scanner, wavetrend screener, wavetrend stock screener, wavetrend with crosses
List symbols where WaveTrend(10,21) crossed above WaveTrendSig(10,21) after remaining below for 3 bars
Add Column WaveTrend(10,21) as WT chart
Add Column WaveTrendSig(10,21) as WTSig
Apply to NSE
This scan aims to identify NSE symbols that meet specific criteria: cases where the Wave Trend has recently moved below the signal line after having been consistently above it for 3 consecutive bars.
OPTION 1
Feel free to include any additional conditions you may need to modify or expand the above scan as necessary.
List symbols where WaveTrend(10,21) crossed above WaveTrendSig(10,21)
And Volume > AvgVol(10)
Add Column WaveTrend(10,21) as WT chart
Add Column WaveTrendSig(10,21) as WTSig
Add Column WaveTrendDiv(10,21) as WTDiv
Apply to NSE
For comprehensive insights into the Wave Trend Oscillator, including its calculation methodology, effective utilization in trading, applicability to both trading and investing purposes, as well as an exploration of its advantages and limitations as an indicator, click here.