Overview
WaveHelm reads a market with two very different lenses at once. The Tide Momentum Line (WaveTrend Oscillator) marks the exact bar the current turns; the Money-Force Line (Elder's Force Index) confirms whether the crowd's strength truly leans the same way. A Market-Motion (ATR) gate keeps it out of dead-flat water. It only acts when momentum, force and volatility all agree.
Signal & Execution
Signal Rules
Execution Order
How it works
1 · Tide Momentum Line (WaveTrend Oscillator)
A smooth momentum wave with a fast line and a slow signal line. When the fast line crosses the slow line, the current is turning. Built on the average price channel, it flags turning points early while filtering choppy noise.
2 · Money-Force Line (Elder's Force Index, EMA13)
Combines price change and volume into one reading, then smooths it with a 13-period EMA. Above zero means buying pressure leads; below zero means selling pressure leads.
3 · Market Motion gate (ATR)
Only participate when ATR is at or above 0.8× its own 50-bar average — skipping the flat, lifeless stretches where crosses tend to be noise.
Plan & Parameters
JOIN-UP WaveTrend fast crosses above slow, Force Index EMA13 above zero, ATR active.
JOIN-DOWN WaveTrend fast crosses below slow, Force Index EMA13 below zero, ATR active.
| Parameter | Default |
|---|---|
| WaveTrend — Channel Length | 10 |
| WaveTrend — Average Length | 21 |
| WaveTrend — Signal SMA | 4 |
| Elder Force Index EMA | 13 |
| ATR Period | 14 |
| Active filter | 0.8 × ATR 50-avg |
| Stop | 1.5 × ATR |
| Target | 2.0 × SL (RR 2.0) |
| Risk / cap | 1% · Max/day 10 |
Simulated check on default settings (H1): about 2.1 signals per day — within a healthy 1–10/day band.
Indicator sources
Original references on TradingView:
WaveTrend Oscillator tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT
Elder's Force Index tradingview.com/support/solutions/43000502259-elder-s-force-index-efi