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
Green Dot Showing Potential Reversal | Buy Area
Yellow Diamond
Appearance: Yellow diamond below the candle
Significance: Bullish trend confirmation, showing strength with multiple timeframes aligned
Yellow Diamond Showin bullish trend strength
Blue Triangle
Appearance: Blue triangle below the candle
Significance: Trend confirmation signal, often appearing early in a new uptrend
Blue Triangle warning of a new uptrend
Red X
Appearance: Red X above the candle
Significance: Warning of potential bearish move, often the first sign of trend weakening
Red X showing the start of bearish moves
Yellow X
Appearance: Yellow X above the candle
Significance: Oversold reversal signal, potential bouncing point after extended down move
Yellow X Showing Bounce Points in a Downtrend
Red Diamond
Appearance: Red diamond above the candle
Conditions: CCI Wave 1 crosses below CCI Wave 2
Significance: Momentum shift from bullish to bearish
Red Diamond Showing the trend shifting to Bear
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
