WaveTrend with Crosses + Alerts

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WaveTrend with Crosses [LazyBear] + Alerts

This is a clean WaveTrend oscillator based on the original LazyBear WaveTrend with Crosses, with one key upgrade: built-in alerts for the cross dots (green/red).

What it shows

• WT1 (green) and WT2 (red) WaveTrend lines
  
• The WT1–WT2 spread as a blue area (helps visualize momentum swings)
  
• Cross dots printed when WT1 crosses WT2:
  
• Green dot = WT1 crosses up over WT2 (bullish cross)
  
• Red dot = WT1 crosses down under WT2 (bearish cross)
  
• Overbought / oversold guide levels:
  
• OB1 / OB2 (default: 60 / 53)
  
• OS1 / OS2 (default: -60 / -53)
  

Alerts (new)

• You can create TradingView alerts directly from the indicator:
  
• WT Green Dot (Bullish Cross) → triggers when the green dot prints (WT1 crosses up WT2)
  
• WT Red Dot (Bearish Cross) → triggers when the red dot prints (WT1 crosses down WT2)
  

How traders commonly use it

• Trend / momentum timing: Cross dots can help time momentum shifts.
  
• Higher quality signals: Many traders prefer bullish crosses occurring near/under the oversold zones and bearish crosses near/above overbought zones.
  
• Confirmation: Combine with structure, trend filter, or higher timeframe bias for cleaner entries.
  

Default settings

• This script ships with commonly used defaults:
  
• Channel Length: 9
  
• Average Length: 12
  
• OB/OS levels: 60 / 53 / -60 / -53
  

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เอกสารเผยแพร่

Updated more alert options
any dots or dots below/above level -70/+70