WT LB Trading Guide

The WaveTrend (LazyBear) is a quantitative technical analysis tool. Ported from legacy klinecharts indicator: old/assets/indicators/WT_LB.js Optimized to the Golden Standard Improvements:

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Channel Length (n1) (n1): Controls the calculation period and sensitivity for market detection.
• Average Length (n2) (n2): Controls the calculation period and sensitivity for market detection.
• OB Level 1 (ob1): Controls the calculation period and sensitivity for market detection.
• OB Level 2 (ob2): Controls the calculation period and sensitivity for market detection.
• OS Level 1 (os1): Controls the calculation period and sensitivity for market detection.
• OS Level 2 (os2): Controls the calculation period and sensitivity for market detection.
• WT1 (wt1): Controls the calculation period and sensitivity for market detection.
• WT2 (wt2): Controls the calculation period and sensitivity for market detection.
• Diff (WT1-WT2) (diff): Controls the calculation period and sensitivity for market detection.
• Zero (zero): Controls the calculation period and sensitivity for market detection.
• OB 1 (ob1): Controls the calculation period and sensitivity for market detection.
• OB 2 (ob2): Controls the calculation period and sensitivity for market detection.
• OS 1 (os1): Controls the calculation period and sensitivity for market detection.
• OS 2 (os2): Controls the calculation period and sensitivity for market detection.
• Diff Prev (diffPrev): Controls the calculation period and sensitivity for market detection.
• Diff Delta (diffDelta): Controls the calculation period and sensitivity for market detection.
• WT1 (wt1): Controls the calculation period and sensitivity for market detection.
• WT2 (wt2): Controls the calculation period and sensitivity for market detection.
• Diff (WT1 - WT2) (diff): Controls the calculation period and sensitivity for market detection.
• Diff Prev (diffPrev): Controls the calculation period and sensitivity for market detection.
• Diff Delta (diffDelta): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• buySignal - Fires when a bullish market condition is confirmed.
• sellSignal - Fires when a bearish market condition is confirmed.
• signalDir - Outputs 1 for bullish, -1 for bearish, and 0 when neutral.

2. Filters and Trade Levels

• n1 - Channel Length (n1) value used for structural qualification or thresholds.
• n2 - Average Length (n2) value used for structural qualification or thresholds.
• ob1 - OB Level 1 value used for structural qualification or thresholds.
• ob2 - OB Level 2 value used for structural qualification or thresholds.
• os1 - OS Level 1 value used for structural qualification or thresholds.
• os2 - OS Level 2 value used for structural qualification or thresholds.
• wt1 - WT1 value used for structural qualification or thresholds.
• wt2 - WT2 value used for structural qualification or thresholds.
• diff - Diff (WT1-WT2) value used for structural qualification or thresholds.
• zero - Zero value used for structural qualification or thresholds.
• ob1 - OB 1 value used for structural qualification or thresholds.
• ob2 - OB 2 value used for structural qualification or thresholds.
• os1 - OS 1 value used for structural qualification or thresholds.
• os2 - OS 2 value used for structural qualification or thresholds.
• diffPrev - Diff Prev value used for structural qualification or thresholds.
• diffDelta - Diff Delta value used for structural qualification or thresholds.
• wt1 - WT1 value used for structural qualification or thresholds.
• wt2 - WT2 value used for structural qualification or thresholds.
• diff - Diff (WT1 - WT2) value used for structural qualification or thresholds.
• diffPrev - Diff Prev value used for structural qualification or thresholds.
• diffDelta - Diff Delta value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.