WaveBand Trend Pro

WaveBand Trend Pro detects trend direction using a combination of SMMA and LWMA moving averages, then builds adaptive ATR-based trailing bands around price. When trend flips, the indicator shows clear BUY/SELL signals directly on the chart — with exact stop-loss prices and pip distances.

Unlike simple moving average crossovers, WaveBand uses a three-layer detection system: SMMA(High), LWMA(Weighted), and SMMA(Low) to confirm trend changes only when price momentum truly shifts.

What You See on the Chart

Every signal element is labeled directly on the chart so you know exactly what to do:

• BUY — green text label + green arrow at trend flip to bullish
• SELL — red text label + red arrow at trend flip to bearish
• SL:1.08523 (25p) — exact stop-loss price and distance in pips shown under each signal
• Dash-dot SL line — visual stop-loss level extending across several bars
• BULL ZONE / BEAR ZONE — text label marking the start of each trend zone
• STRONG — appears when trend accelerates (LWMA breaks above SMMA High or below SMMA Low)
• Histogram shading — colored area highlighting strong trend momentum

All labels are spaced to avoid overlapping — BUY/SELL signals below/above price, ZONE labels shifted sideways inside the band, STRONG markers only on non-signal bars.

Trailing Band System

The core of the indicator is the adaptive trailing band:

• Blue thick line (bullish) = trailing stop that rises with the trend, never goes down
• Red thick line (bearish) = trailing stop that falls with the trend, never goes up
• Thin boundary lines = ATR-based outer envelope showing the full volatility range
• Band width adjusts automatically with market volatility (ATR-based)

The trailing band acts as a dynamic stop-loss: place your SL at the band level and trail it as the band moves in your favor.

Statistics Panel

The draggable dark-themed panel shows real-time analytics:

• Trend: BULLISH / BEARISH / Neutral (color-coded)
• Duration: how many bars the current trend has lasted
• Band width: current channel width in pips
• Current SL: the exact trailing stop-loss price right now
• Buy / Sell signals: count over the analysis period
• Total / Win rate: total signals and percentage that moved in the right direction
• Show days: configurable analysis period (20 / 60 / 100 / 500 / 1000 days)

Win rate is color-coded: green (>55%), yellow (>45%), red (<45%).

DaysToShow — Full History Control

Set DaysToShow to control how much history is displayed:

• 20 — short-term analysis, recent signals only
• 60 — default, covers about 3 months
• 100 — medium-term view
• 500 — roughly 2 years of signals
• 1000 — full long-term backtest view

ALL visual labels (BUY, SELL, SL, BULL ZONE, BEAR ZONE, STRONG) are drawn for the entire period — scroll back through history and see every signal that occurred.

Trading Strategy

1. Entry: When BUY or SELL arrow appears with text label
2. Stop-Loss: Place at the SL level shown under the signal (exact price given)
3. Trail Stop: Move SL along the thick trailing band as it advances
4. Add Position: When "STRONG" label appears — trend is accelerating
5. Exit: On opposite signal arrow, or when price hits the trailing band

Settings

How to Install

1. Download the .mq4 file (for MT4) or .mq5 file (for MT5)
2. Copy to MQL4/Indicators or MQL5/Indicators folder
3. Restart the terminal or refresh Navigator
4. Drag onto any chart and adjust DaysToShow to your preference

Compatibility

• MetaTrader 4 — full support, all timeframes
• MetaTrader 5 — full support, all timeframes (M1-MN)
• Works on any instrument: Forex, Crypto, Metals, Indices, Stocks
• Uses built-in MA and ATR (no external dependencies)
• Minimal CPU usage