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.
The Porsche Dots are a new and different way of looking at the ABC waves. Instead of having the waves take up the subspace on your chart, you can now apply them directly to the price action itself.
The 3 “Porsche Dots” correspond to the ABC Waves. The yellow dot is the A wave, the blue dot is the B wave, and the magenta dot is the C wave.Share Tool - Group Buy Tools and Premium WordPress From $1