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πŸ“ˆOscillator Wave Overlay

The Oscillator Wave Overlay is the colored fill behind the main oscillator. It represents the big-picture trend direction

When the overlay flips color, it signals a potential trend change. This is one of the most important signals in the entire suite β€” a trend flip on the overlay often precedes sustained directional moves.

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Settings

  • Display Oscillator Wave Overlay β€” Toggle the colored background on/off

  • Colors β€” Customize the bull/bear overlay colors to match your chart style

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How to Use It

  • Use the overlay as your primary trend filter. If the overlay is green, prioritize long setups. If red, prioritize shorts.

  • Combine with the Momentum Candles and Stoch Wave for confirmation before entering.

  • The overlay is especially effective on higher timeframes (4H, Daily) as a directional bias filter for lower timeframe entries.

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