WaveTrend Oscillator WT (LazyBear) python

When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.

I have marked some cross-overs in the above chart. As you can see, they are *not* the only useful signals WT generates. Try it on your instrument and let me know what you think.

Required Python libraries:

import pandas as pd
import pandas_ta as taa
import matplotlib.pyplot as plt

PgPal description:

After coding this indicator in Python, its results were compared with the TradingView site to verify the complete model.

Python programming language results – WaveTrend Oscillator WT (LazyBear)

The results of the TradingView site – WaveTrend Oscillator WT (LazyBear)