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Diamond Wave V2.0
The complete oscillator. A Filter effective in almost every market condition
Tools are not systems. These are indicators used to help in any trading decision and improve the quality of trades. Tools help traders read market better and improve their analysis on market conditions and dynamics. These tools can be combined with your trading systems to influence judgment.
Moving Average Convergence Divergence is one of the best tools used in technical analysis. Combined with other tools, it can be a powerful filter in any trading strategy.
(1-4) Divergence Signals
(5) Cross Over marks the closing bar where 2 lines crossed
(6) Main Line difference of Fast MA and Slow MA
(7) Signal Line applied MA to Main Line
(8) Analysis Shows current market direction
The indicator can be customized into 4 different drawing modes
Trend direction is determined by the main line with respect to the signal line and zero level
Uptrend = 1. Main Line above zero level 2. Main Line sloping up 3. Main Line above signal line
Uptrend Correction = 1. Main Line above zero level 2. Main Line sloping down or below signal line
Downtrend = 1. Main Line below zero level 2. Main Line sloping down 3. Main Line below signal line
Downtrend Correction = 1. Main Line below zero level 2. Main Line sloping up or above signal line
(1) Dark Red Main Line Indicates Downtrend
(2) Light Red Main Line Downtrend Correction
(3) Dark Blue Main Line Indicates Uptrend
(4) Light Blue Main Line Uptrend Correction
Histograms are calculated from the difference of the main line and signal line. This reacts to price action faster indicating momentum. Momentum is effective for scalping strategies
Blue Histograms = Bullish momentum (Sloping Up)
Red Histograms = Bearish momentum (Sloping Down)
(1) Red Histograms Bearish Momentum
(2) Blue Histograms Bullish Momentum
Dots are used to mark the last closing price when the main line crosses the signal line. Cross overs can be used as an early indication for trend change.
Blue Dots = Bullish Cross Over
Red Dots = Bearish Cross Over
(1) Red Dot Bearish Cross Over
(2) Green Dot Bullish Cross Over
(3) Bullish Crossover as entry point for the new uptrend
Divergences are leading indications that warn possible reversal or trend continuation. The indicator detects the proper regular and hidden divergence formations.
R = Regular Divergence (Usually indicates trend reversals)
H = Hidden Divergence (Usually indicates trend continuation)
(1) Bullish Hidden Divergence
(2) Bullish Regular Divergence
(3) Bearish Regular Divergence
(4) Bearish Hidden Divergence
Popular setting uses Fast=12, Slow=26, Signal=9, Shift = 0, Method = Exponential, Price = Close
Analyzes current trend direction. Background colors also change depending on overall trend bias.
Diamond wave is a filter and trigger type. Filter because it enables you identify the strength of the trend. Trigger because it gives divergence and cross over signals.
2. How does the tool work?
Calculated mainly using moving average convergence divergence. Identifies trend’s strength and weak points and gives divergence signals.
3. What strategy fits the tool?
Trend and scalping strategies but ultimately can fit with any strategy depending how the tools were used.This tool can be used to confirm Trend Flow signals. Divergences used to confirm Dual Drive signals.
4. What time frame and pairs can it be used?
It works in all time frames and in all pairs.
5.Does it repaint?
No, it does not. Calculation of signals are made after the close of the current bar. If you experience repaint it means the broker has manipulated its past price feed which can cause all indicators to repaint. if the tool stops working, it may also mean that you have lost your internet connection since our tools require live connection from our servers.
6. Does the tool require internet connection?
Yes, because part of the code is stored in our main server and needs connection to authenticate.
7. How Licensing Works?
1(One) License for 1(One) PC/Device but you can use in unlimited MT4 Trading Accounts/Platforms You can transfer your license from another device if desired. If you want to have 2 or more Devices working simultaneously, You can avail succeeding licenses 30% off the original price. Just email us for invoice. We offer lifetime support and updates to all our products
8.What is the win rate?
Diamond Wave’s win rate will depend on how the tools were used applied with proper trade and money management.
9. Do you offer money back guarantee?
Yes, we offer 7-day money back guarantee.