Our Indicators
Trend Analysis
Velowave Pro Adaptive Trend
Velowave Adaptive Trend indicator is a technical indicator designed to provide traders with a comprehensive and dynamic analysis of market trends. It processes raw price and volume data using a proprietary adaptive wave calculation method that integrates well-established techniques—such as Average True Range (ATR) and volume-based filtering—with original computational enhancements to differentiate between market noise and significant trend shifts.
Volume Analysis
Velowave Volume Oscillator
A custom volume oscillator that helps the user identify shifts in buy/sell volume. This is used to help determine trend change.
Momentum
Adaptive Oscillator
Adaptive Factor Calculation:
• The Average True Range (ATR) is calculated over a user-specified period.
• A volume moving average is computed, and the current volume is compared to this average to obtain a volume factor.
• Similarly, the current ATR is compared with its own moving average to derive an ATR factor.
• A combined factor is generated by taking a weighted average of the volume factor and the ATR factor.
• This combined factor is then bounded by minimum and maximum adaptive multipliers (both scaled by a boost factor) to produce the final adaptive factor.
Key Levels
Leveler – Support & Resistance Detection
A dynamic script that identifies key pivot points on your chart by analyzing high-volume pivot highs and lows. It then plots multiple support and resistance levels on the chart (with optional gradient styling for enhanced visuals) and highlights areas where the price is close to these levels, helping traders quickly spot potential reversal or breakout points.