📖Quick Start Guide

Step 1: Add the Indicator

Add EZ Algo — Oscillator Waves to your chart. The default settings work great out of the box.

Step 2: Read the Three Stages

Look at the oscillator panel and check:

1. Oscillator Wave Overlay — What color is the background? (Green = bullish trend, Red = bearish trend)

2. Momentum Candles — What color are the candles? (Green = strong bull momentum, Red = strong bear, Purple = weak/caution)

3. Stoch Wave — Where is the stochastic? (Rising = bullish, Falling = bearish, OB/OS zones = potential reversal)

Step 3: Check the Dashboard

Glance at the dashboard for an instant bias score. If it reads STRONG BULLISH or STRONG BEARISH, you have clear directional alignment.

Step 4: Set Up Alerts

Enable Simple Alerts with the OB/OS filter turned on. This gives you clean, actionable notifications with minimal noise.

Step 5: Trade with Confluence

The best trades happen when all three stages agree. Wait for alignment, then enter with confidence.

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Tips & Best Practices

For Swing Trading

• Use the Oscillator Wave Overlay on the 4H or Daily chart as your primary trend filter

• Enter on Momentum Candle + Stoch Wave confirmation on lower timeframes

• Use the Standard Dashboard to verify multi-timeframe alignment before entering

For Day Trading / Scalping

• Set Momentum Bands to Fast for quicker trend detection

• Use Stoch Wave crossovers in OB/OS zones as your entry trigger

• Watch for purple candles (weak momentum) as a warning to tighten stops or exit

For Crypto

• Method 2 for divergences often works better on crypto due to unreliable volume data

• The Squeeze Zone is especially powerful on crypto — squeezes on BTC often lead to 3-5% moves

• Use the Dashboard on the 1H/4H/12H/Daily combo for a clear macro view

For Equities & SPX

• Method 1 for divergences leverages volume flow data, which is more reliable on equities

• Momentum Bands on Balanced or Slow help filter out intraday noise

• The Top/Bottom reversal system on sensitivity 2 catches major intraday reversals well

General Tips

• Don't fight the overlay. If the Oscillator Wave Overlay is red, don't force long trades. Wait for the flip.

• Purple candles = patience. When you see weak momentum (purple), step back and wait for a clear direction.

• Divergences are warnings, not immediate entries. A divergence tells you something is shifting — wait for Momentum Candle or Stoch Wave confirmation before acting.

• Use the Dashboard as a quick filter. Before analyzing any chart, glance at the score. If it's neutral, move to a different asset or wait.

• Start simple. Begin with Simple Alerts and the default settings. As you get comfortable, explore Strategy Alerts and custom configurations.