SolQuant WaveTrend Oscillator

Overview
The SolQuant WaveTrend Oscillator is a multi-timeframe momentum indicator designed for both scalping and swing trading. It provides a visual representation of momentum across various timeframes (1min, 5min, 15min, and 1hr) while intelligently hiding lower timeframes relative to your current chart to ensure the accuracy of extreme values.

Key Features

• Multi-TF Momentum Tracking: Monitors 1m, 5m, 15m, and 1h WaveTrend lines simultaneously[cite: 257].
  
• Extreme Zone Detection: Employs gradient fills and color-coded signals (Red/Green) when the oscillator reaches extreme overbought or oversold levels[cite: 271, 280].
  
• Alignment Signals (Stars): High-probability reversal stars appear when the current timeframe aligns with the 15min and 1hr extreme zones[cite: 301, 302].
  
• WaveTrend Crossover Signals: Visual indicators (Triangles) for bullish and bearish crossovers specifically after the oscillator has visited extreme zones[cite: 297, 298].
  
• Multi-TF Dashboard: A real-time table providing a quick glance at trend direction (arrows) and oscillator values across all monitored timeframes[cite: 305, 312].
  
• Momentum-Based Candle Coloring: Optional chart coloring that reflects multi-timeframe alignment for immediate trend recognition[cite: 299, 300].
  

How it Works
The script calculates the standard WaveTrend formula (EMA of price deviations) for the current timeframe and requests data from higher timeframes using the security function. To reduce visual noise, the indicator includes optional smoothing for higher timeframe waves. The integrated dashboard summarizes this data, highlighting when specific timeframes are in "Extreme" zones (marked by red/green dots and arrows)[cite: 306, 312].

Disclaimer
This script is for educational and analytical purposes only. It does not constitute financial advice. Momentum indicators can remain in extreme zones for extended periods during strong trends.