VuManChu Filtered Overlay

11月20日

VuManChu Filtered Overlay is a price-overlay signal tool inspired by VuManChu Cipher B.
Instead of plotting the full oscillator in a separate pane, this script focuses on generating clean long/short signals directly on the chart, combining WaveTrend, Money Flow–style momentum, and an adjustable overbought/oversold threshold.

Under the hood, the script builds a smoothed “Inertia Wave” using a normalized (close–open)/(high–low) money-flow proxy and a long SMA. This is used together with a classic WaveTrend (wt1 / wt2) calculation. Signals are only triggered when:

• WaveTrend lines cross (wt1 vs wt2),
  
• The cross direction matches the expected bias
  
• Bull: cross up from below, WaveTrend below zero
  
• Bear: cross down from above, WaveTrend above zero
  
• The custom money-flow curve (rsiMFI) confirms direction
  
• Bull: rsiMFI > 0
  
• Bear: rsiMFI < 0
  

The WaveTrend line is beyond a user-defined OS/OB magnitude (Wavetrendtrigger), so only meaningful extremes are considered.

The “VuManChu WaveTrend OS/OB threshold (+/-)” input lets you control how aggressive the signals are:

• Lower values (e.g. 5–10) → more frequent, more sensitive signals
  
• Higher values (e.g. 40–60) → fewer signa
  

ls, focused on strong exhaustion moves

Bullish and bearish opportunities are plotted as green and red dots on the candles, and corresponding alerts are fired:

🟢 Optimized VuManChu LONG signal detected on timeframe: X
🔴 Optimized VuManChu SHORT signal detected on timeframe: X

This script is meant as a filter / confirmation layer, not a standalone system. For best results, combine it with your own trend, volume, or higher-timeframe context. This is not financial advice and should be used for educational and experimental purposes only.

11月21日

版本注释

Description of the Change – VuManChu Signal Mode (Open Candle vs Closed Candle)

A new boolean input, useClosedCandleSignals, has been added to control how VuManChu signals are validated: either during the live candle or only after the candle has fully closed.

When useClosedCandleSignals = false (default), signals can appear while the current candle is still forming. This provides earlier entries, but signals may disappear before the candle closes, which can create intrabar false positives.

When useClosedCandleSignals = true, signals are validated only if the condition remains true at the candle close (barstate.isconfirmed). This makes the filter more stable and reliable, but introduces delay and may miss the initial part of the move.

In practice, this change allows the trader to choose between speed (open-candle signals) and confirmation reliability (closed-candle signals), depending on their preferred trading style.

Disclaimer:
This indicator is provided for educational purposes only and should not be considered financial advice or an investment recommendation. Trading involves risk, and users are responsible for their own decisions.

11月23日

版本注释

Small Adjustment on alert's texts.