This is my collection of studies and strategies for MotiveWave 6.
An Initial Balance study in the style of Trader Drysdale's version for TradingView, and as used in his VWAP Wave trading system.
- Original: https://www.tradingview.com/script/YT6IrC8d-Initial-Balance-Wave-Map/
- YouTube: https://www.youtube.com/@traderdrysdale
- Website: https://traderdrysdale.com/
Highlights volume imbalances, by looking for a gap between a candle's close and the following candle's open. Imbalances are highlighted until they are filled by a later candle. Often used by Trader Oracle.
Highlights engulfing candles off the Bollinger Bands. Often used by Trader Oracle.
LazyBear's wave trend oscillator.
Known Issues:
- Ideally it would also support fills on the fast/slow waves, however MotiveWave does not appear to support explicit Z-ordering of fills, so there is no way to control which fill appears on top of the others. Until this is resolved it only supports a single fill on the wave delta.
- Download the latest lunartick-motivewave-N.N.N.zip file from here https://github.com/gambcl/MotiveWave/releases
- Unzip the zip file
- Copy the lunartick-motivewave.jar file into your "MotiveWave Extensions" folder
- Restart MotiveWave
- These studies can be found under the "Study > Custom" menu