Zalen WaveTrend Overlay

Zalen WaveTrend Overlay is a clean momentum and trend visualization tool designed to bring WaveTrend-style market structure directly onto the price chart.

Instead of relying on a separate oscillator pane, the indicator translates momentum and trend conditions into intuitive candle colors and visual signal markers, keeping the chart clean and easy to read.

Market conditions are displayed directly on price:

• Cyan candles highlight bullish momentum
• Red candles highlight bearish momentum
• Purple candles identify transitional or mixed conditions
• Signal markers highlight potential bullish and bearish setups

Features
• WaveTrend-inspired momentum analysis directly on the main chart
• Dynamic candle coloring based on market conditions
• Bullish and bearish setup markers
• Clear visualization of momentum transitions
• No additional oscillator pane required
• Minimal and chart-focused design
• Works across multiple markets and timeframes

The indicator is especially useful for identifying momentum shifts, trend continuation and potential reversal areas while maintaining a clean price-action focused chart.

Zalen WaveTrend Overlay is designed as a decision-support and confirmation tool, not as a standalone trading system.