WaveTrend Channel and Average Length Parameters
Summary
The document names two WaveTrend settings: Channel Length (n1), with a stated default of 10, and Average Length (n2), with a stated default of 21. It says the first adjusts sensitivity to price movements and the second smooths the WT1 line. The indicator is presented as a source of trend and reversal signals across timeframes and currency pairs.
No formula, signal rules, chart examples, performance evidence, or parameter-selection guidance is provided. The text therefore offers only a brief description of the settings, not enough detail to reproduce or evaluate a trading method. Its claim of reliability is unsupported by evidence in the document, and traders would need a fuller specification and independent testing before drawing conclusions about its usefulness.
Key ideas
- Channel Length (n1) is described as controlling sensitivity to price movements, with a stated default of 10.
- Average Length (n2) is described as smoothing the WT1 line, with a stated default of 21.
- The document presents WaveTrend as an indicator for trend and reversal signals across timeframes and currency pairs.
- The document provides no formula, signal rules, or performance evidence for evaluating the indicator.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.