Trend Waves

WAVE TRADER TREND WAVES – TWS (Slow),  TWM (Medium),  TWF (Fast).

 

This indicator measures the price action in terms of  MOMENTUM – VELOCITY and ACCELLERATION. The TW overlays a line on your chart and indicates the direction you should be focusing your future trades in. The line will be going UP or DOWN in a strong fashion or it will be diverging with the price action at times. After a strong directional move the indicator can diverge with price so I use the OBV to filter the signals. Usually in the middle stages of a swing series the TWS will hold direction throughout any corrections.