Wave period oscillator - indicator for MetaTrader 5




Wave period oscillator - indicator for MetaTrader 5


Theory :

The indicator is based on Akram El Sherbinis article "Time Cycle Oscillators" published in IFTA journal 2018.

The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval. The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line

Usage :

Trading Tactics
Centerline Crossover: As shown in Figure 11, a bullish centerline crossover occurs when the WPO line moves above the zero level to turn positive. A bearish centerline crossover occurs when the WPO line moves below the zero level to turn negative. When bulls are in control, the price rally begins and the average of the bull’s period T increases to drive the WPO line above the centerline. A buy signal is subsequently triggered. When the bulls start to loose power, prices move sideway and the average period decreases. In this case, the WPO line may flutter near the centerline and cause false signals, whipsaws. To avoid the whipsaws occuring on the centerline, the following trading tactics are proposed.





Download Wave period oscillator - indicator for MetaTrader 5




Related News




Latest News
U.S. women's veterans praise new era of Andonovski
08.03.2020 06:07
By Amy Tennery (Reuters) - Little more than four months on the job, U.S. women's soccer head coach Vlatko Andonovski is earning high praise from team veterans, as the squad looks to build off the momentum of its fourth World Cup win and shake off the demons of an early exit at Rio 2016. Andonovski, who took over in late October from longtime
Read more
Boca pip River to Argentine title with late Tevez screamer
08.03.2020 05:07
BUENOS AIRES (Reuters) - A dramatic late goal from Carlos Tevez gave Boca Juniors the Argentine league title on Saturday, as the Buenos Aires club overcame Gimnasia 1-0 to pip their arch rivals River Plate on an breathtaking last day of the season. River led the Superliga from Boca by a point going into their final round of games and could have
Read more
Boca pip River to Argentine title with late Tevez screamer
08.03.2020 05:04
BUENOS AIRES (Reuters) - A dramatic late goal from Carlos Tevez gave Boca Juniors the Argentine league title on Saturday, as the Buenos Aires club overcame Gimnasia 1-0 to pip their arch rivals River Plate on an breathtaking last day of the season. River led the Superliga from Boca by a point going into their final round of games and could have
Read more
Japan's 7-Eleven worker infected with coronavirus, another case likely caused meningitis
08.03.2020 04:06
TOKYO (Reuters) - A worker at Japan's 7-Eleven convenience store chain in Yamanashi prefecture, west of Tokyo, has contracted the new coronavirus, the company said on Sunday. 7-Eleven, a unit of Japanese retail group Seven & i Holdings said it temporarily closed the store for cleaning and disinfection after the case was confirmed on Saturday
Read more
U.S., Japan women's soccer teams keep focus on games as coronavirus fears swirl
08.03.2020 04:03
By Amy Tennery Harrison, NEW JERSEY (Reuters) - The U.S. and Japan women's national soccer teams said on Saturday they were laser-focused on preparing for the upcoming Olympics, even as a global coronavirus outbreak threatens the postponement or cancellation of the Tokyo Games. The two teams are expected to compete in the second of three
Read more