ABC Waves Indicator

The ABC Waves were built by a third party developer from an algorithm comprised of various moving averages and oscillators. The idea behind the waves is to visualize the overall strength and direction of a given market across multiple time frames. There are 3 separate waves that make up the ABC Waves. The “A Wave” measures short term relative strength and direction of a market, the “C Wave” measures longer term strength and the “B Wave” plots the same for a medium time period.