Key Features:

• WT1 & WT2 Lines: Fast and slow oscillator lines for detecting momentum shifts and zero-line/signal line crossovers.
• Overbought / Oversold Levels: Configurable level outputs (OB1, OB2, OS1, OS2) to spot extreme market extensions.
• Customizable Parameters: Adjust Channel Length, Average Length, and OB/OS threshold levels directly from chart settings.

Indicator Parameters:

Medium

• Channel Length: Default 11 (Period for EMA calculation)
• Average Length: Default 11 (Smoothing period for TCI)
• OB Levels: Default 75(OB1) and 55 (OB2)
• OS Levels: Default -75 (OS1) and -55 (OS2)

Use Cases & Trading Strategy:

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• Look for bullish crossovers below the OS levels (-55 / -75) for long entries.
• Look for bearish crossovers above the OB levels (55 / 75) for short entries.
• Recommended for Trend-following and Swing Trading on Forex, Indices, and Commodities across all timeframes.