Indicator Overview

📊 Indicator Overview

Alpha Waves VIP is a non-overlay indicator (displaying below the price chart) that incorporates several key technical components:

🧩 Core Components:

🔸 Multiple Oscillators Includes: Money Flow, VWAP Oscillator, and CCI (Commodity Channel Index) Wave

🔸 Ribbon System A set of exponential moving averages that form a visual “ribbon” on the chart

🔸 Channel Bands Bands based on Average True Range (ATR) to identify volatility and potential reversals

🔸 Signal Markers Various shapes (diamonds, triangles, crosses) identifying specific trading conditions

🔸 Multi-Timeframe Capability Ability to analyze different timeframes from a single chart

🌐 Market Compatibility

The indicator is designed to work across all markets and timeframes, though it’s particularly effective for trend identification and reversal detection in:

📈 Stocks
💱 Forex
💹 Cryptocurrency markets

🧠 Core Components

🔄 Oscillators & Waves

The Alpha Waves VIP includes several oscillators that form the foundation of its analytical power:

🌊 CCI Wave (Blue Wave)

The CCI Wave consists of two components:

Light Blue Wave (cciWave) – The main CCI wave that responds quickly to price changes
Blue Wave (cciWave) – A smoothed version of the main wave oscillator

The relationship between these two waves provides important signals:

🟩 cciWave1 crosses above cciWave2 – Indicates a bullish momentum shift
🟥 cciWave1 crosses below cciWave2 – Indicates a bearish momentum shift
📉 The position of the waves relative to the zero line signals the overall trend direction

🟧 VWAP Oscillator

The VWAP (Volume-Weighted Average Price) Oscillator shows the relationship between price action and volume: