Alert System
🔔 Setting Up Alerts
To set up alerts:
Right-click on the indicator
Select "Add Alert on Alpha Waves VIP"
Choose your desired alert condition
Configure alert frequency and notification methods
Click Create
This streamlined alert system allows you to be notified of important signals without constantly monitoring charts.
📈 Trading Strategies
✅ Trend Following Strategy
Entry Signals:
Green Dot appears (primary entry)
Yellow Diamond confirms trend direction
Blue Triangle provides additional confirmation
Money Flow is positive (green)
Exit Signals:
Red X appears (first warning)
Red Diamond confirms momentum shift
Blood Diamond (strongest exit signal)
Money Flow turns negative (red)
Implementation:
Wait for Green Dot after a downtrend
Confirm with Money Flow and CCI Wave
Enter long with stop loss below recent swing low
Trail stop using Band 2 as dynamic support
Take partial profits at ATR 4.2 upper band
Exit fully on Red X or Red Diamond
🔄 Counter-Trend Strategy
Entry Signals:
Yellow X appears (oversold bounce)
CCI Wave hits extreme oversold levels
Price approaches lower bands
Money Flow shows divergence with price
Exit Signals:
Return to mid-channel
CCI Wave crosses back above zero
Yellow Diamond or Green Dot appears
Hit predefined profit target
Implementation:
Look for Yellow X in strong downtrends
Confirm with CCI Wave and lower bands
Enter with tight stop below swing low
Take quick profits – this is counter-trend
Do not hold through major resistance
🧵 Ribbon-Based Strategy
Entry Signals:
Ribbon transitions from red to blue (bullish)
Ribbon shows expansion with proper sequencing
Exit Signals:
Ribbon begins compression
Ribbon transitions from blue to red
Implementation:
Monitor ribbon for color changes and expansion/compression
Enter when short-term band crosses above longer-term band with expansion
Exit on ribbon breakdown or color change
🕒 Multi-Timeframe Strategy
Analysis:
Set main chart to trading timeframe
Set Alpha Waves VIP to higher timeframe
Look for alignment between both
Entry Criteria:
Higher timeframe shows Yellow Diamond or Blue Triangle
Trading timeframe shows Green Dot
Both timeframes have positive Money Flow
EMA ribbons aligned in both timeframes
Implementation:
Prioritize higher timeframe for trend bias
Use lower timeframe for entries
Only enter on timeframe alignment
Exit on conflicting signals
⚙️ Customization Options
🔧 Oscillator Settings
Toggle visibility of Money Flow, VWAP Oscillator, and CCI Wave
Customize colors for bullish/bearish conditions
Adjust display of RSI and Stochastic RSI
🧱 Band System Settings
Show/hide individual bands
Customize Band 8 length
Toggle all bands with a single option
📏 Channel Range Settings
Show/hide channel borders
Customize bull/bear channel colors
Toggle mid-channel display
🖼️ Indicator Markers
Select which signal markers to display
Options for every signal type:
Yellow Diamond
Blue Triangle
Red X
Green Dot, etc.
These options help you build a cleaner chart focused on your preferred signals.
🧩 Practical Applications
🔄 Combining with Other Indicators
Alpha Waves VIP works well with:
Volume Indicators – Confirm strength behind moves
Support/Resistance Tools – Identify key decision zones
Fibonacci Retracements – Refine entries/exits post-signal
Momentum Oscillators – Additional confirmation of trend direction
💹 Market-Specific Applications
🔷 Cryptocurrencies
Focus on higher bands due to volatility
Use Money Flow to detect whale activity
Apply multi-timeframe analysis to reduce noise
💱 Forex
Rely on ribbon structure for trend bias
CCI Wave helps identify ranging conditions
Combine with session-specific volatility awareness
📈 Stocks
Blood Diamond is powerful for reversals
Yellow Diamond and Blue Triangle confirm trend strength
Channel bands help define price targets
🧠 Advanced Usage Tips
📉 Divergence Detection
Bearish Divergence: Price makes higher highs, CCI Wave makes lower highs
Bullish Divergence: Price makes lower lows, CCI Wave makes higher lows
These often precede major reversals
📐 Volatility-Based Position Sizing
Wider channels = Higher volatility → Reduce size
Narrow channels = Lower volatility → Increase size
Dynamically adjust size based on risk profile
🧭 Sequential Signal Analysis
Pay attention to the order of appearance:
Green Dot → Yellow Diamond → Blue Triangle = Strengthening trend
Red X → Red Diamond → Blood Diamond = Weakening trend
The sequence tells a more complete story than one signal alone
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