TradingCharts
IndicatorPremium

WaveIndicator

Darshan RathodDarshan Rathod20 Oct 2026
Wave Indicator on a price chart

What it does

Wave is a trend indicator. It gives Long and Short signals only when the trend engine and the Heikin Ashi candles agree.

Trend-Confirmed Entries

ALMA trend engine combined with Heikin Ashi candle confirmation.

Structured Risk Management

Clearly marked entry and stop-loss levels based on recent swing structure and ATR limits.

Four Profit Targets

Monitor targets at 1R, 2R, 3R and 4R, with hit markers.

Detailed Price Alerts

Alerts include entry, stop-loss and target prices.

How traders use it

  • Wait for the candle to close and confirm the signal. Use the diamond to identify the entry and the marked SL line to determine the stop-loss level.