Signal System
🎯 Alpha Waves VIP Signals (Plotshape Markers)
Alpha Waves VIP generates several distinct signals through its plotshape markers, each with specific significance:
🟢 Green Dot
Appearance: Small green circle below the candle
Conditions:
CCI Wave 1 crosses above CCI Wave 2
CCI Wave 1 is below the oversold level
Significance: Potential buying opportunity after oversold conditions — often marks the start of a bullish move
Yellow Diamond
Appearance: Yellow diamond below the candle Significance: Bullish trend confirmation, showing strength with multiple timeframes aligned
Blue Triangle
Appearance: Blue triangle below the candle Significance: Trend confirmation signal, often appearing early in a new uptrend
Red X
Appearance: Red X above the candle Significance: Warning of potential bearish move, often the first sign of trend weakening
Yellow X
Appearance: Yellow X above the candle Significance: Oversold reversal signal, potential bouncing point after extended down move
Red Diamond
Appearance: Red diamond above the candle Conditions: CCI Wave 1 crosses below CCI Wave 2 Significance: Momentum shift from bullish to bearish
Blood Diamond
Appearance: Red diamond above the candle (larger than Red Diamond) Conditions: Both Red X and Red Diamond signals occur simultaneously Significance: Strong bearish reversal signal with multiple confirmations, often marking the beginning of a significant downtrend
🕒 Multi-Timeframe Analysis
Alpha Waves VIP offers flexible timeframe options:
Use Current Chart Resolution – Analyzes data based on your current chart timeframe
Use Different Resolution – Allows you to view a different timeframe’s analysis without changing your chart timeframe
📊 This Multi-Timeframe Capability Is Particularly Powerful For:
Identifying higher timeframe trends while trading on lower timeframes
Spotting conflicting signals across timeframes (which may suggest caution)
Confirming alignment across multiple timeframes, which often provides stronger signals
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