Wicked Wave (SierraChart)

Overview The TDU Wicked Wave is our flagship custom build oscillator. By taking and combining all the best parts from well-known oscillators such as the RSI, QQE, MACD, and Stochastics, the TDU Wicked Wave can be used by traders to spot suitable entries for both continuation and reversal trades. How it works The oscillator is made up of two main parts, the Wicked Wave histogram, and the blue trend line. The histogram. When the histogram is below 0 we're looking for short trades only and vice versa when the oscillator is above zero we're looking for long entries. The coloring of the histogram shows how strong the trend is. Lime green / Red means the trend is in a strong up/downtrend, an indication that we should be looking for continuation trades. Dark green/dark red means a reversal is coming and if the histogram is white it means that the trend is changing. The blue trend line. The blue line shows if the trend is up or down. If the blue line is above the histogram then we're in a do