Whale Momentum Wave Oscillator

2022년 6월 17일

//Credits: Noldo - Whale Trading System rumpypumpydumpy - ALMA Ribbons QuantNomad - Elastic Volume Weighted Moving Average

Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.

2022년 8월 28일

릴리즈 노트

Added more options for the way things are calculated and made a few minor changes here and there.
Added Candles for rsi/wts columns

2022년 8월 29일

릴리즈 노트

Added annotation to better explain what some of the functions are doing/for
Cleaned up code for more pleasant viewing experience
Minor fixes here and there