Wavelet Fair Value Gap System
Wavelet Fair Value Gap System is an audited TradingView utility indicator developed by Oscillator Quant, verified strictly non-repainting with a code quality score of 92/100 and community rating of 4.2/5.0.
Last reviewed · Scored with methodology v2.0
Operating as a specialized utility script on TradingView, Wavelet Fair Value Gap System by developer Oscillator Quant reaches an AI Trust Score of 91.0/100 (A+). The algorithmic script tests as non-repainting verified with a confirmed 92/100 code benchmark.
How the signal works
Running across All Timeframes for All Pairs, computation utilizes Algorithmic formula. It isolates structural momentum shifts while applying Optimized Pine Script calculation pipeline executing in sub-5ms per tick cycle. Traders evaluate signals on-screen manually without external audio alert dispatches.
Reliability and code audit
Script verification confirms that historical signals do not shift position, guaranteeing realistic historical testing. The code quality score of 92/100 outpaces 48% of competing utility tools. Transparent source code empowers users to inspect and customize logic parameters.
How to use it
- Review broader price trend on higher timeframe charts to avoid counter-trend trades.
- Enter orders upon confirmed signal completion on All Timeframes intervals.
- Apply trailing stops or fixed profit milestones to safeguard accrued open profit.
Limits
Specific limitations to consider involve Requires higher timeframe confluence confirmation during consolidation chop. Always require secondary price action confirmation when markets enter sideways consolidation.
Syntax validation, runtime optimization, and mathematical calculation integrity.
Signals strictly lock on closed candlestick bars.
Traders who actively favorited and backtested this script.
Full Pine Script / MQL code inspectable for logic integrity.
At-a-Glance Specifications
16 Verified FieldsIndicator logic verified through static code audit and live bar close execution. Missing parameters are excluded rather than estimated.
| Indicator Name | Wavelet Fair Value Gap System |
|---|---|
| Developer / Author | Oscillator Quant |
| Execution Platform | TradingView |
| Strategy Category | UTILITY |
| Code Quality Score | 92/100 |
| Repainting Status | Verified Non-Repainting |
| Logic Transparency | Open Source (Inspectable) |
| Community Rating | ★ 4.2 / 5.0 |
| Community Boosts / Likes | 7375 boosts |
| License Pricing | Free / Open Tier |
| Pine Script Version | Pine Script v5 |
| Alert Generation | Manual Check |
| Multi-Timeframe Sync | Supported (Higher Timeframe Invariant) |
| Recommended Pairs | Universal (Forex, Crypto, Indices, Gold) |
| Recommended Timeframes | M5, M15, H1, H4 |
| Last Audited Date | 2026-11-06 |
Wavelet Fair Value Gap System achieves an AI Trust Score of 91.0/100 (Grade A+). A TradingView utility indicator with zero repainting and open source code transparency.
5 Grounded Analytical Pillars
Scoring Methodology →Formula
Strictly non-repainting signal logic (100)Formula
AST analysis & syntax robustness scoreFormula
Open source code (100)Formula
Logarithmic scale of TradingView community boosts (5,000 boosts = 100)Formula
Feature checklist: Alerts (+40), Multi-timeframe (+30), Documented timeframes (+30)✓ Cited Strengths (3)
- • Strict non-repainting bar-close calculation logic. [source: pros[]]
- • Optimized Pine Script calculation pipeline executing in sub-5ms per tick cycle. [source: pros[]]
- • Formatted alert webhook payloads for seamless routing to Discord, Telegram, or MT4/MT5 copiers. [source: pros[]]
⚠ Cited Risks & Limits (2)
- • Requires higher timeframe confluence confirmation during consolidation chop. [source: cons[]]
- • Best utilized alongside disciplined risk-per-trade management. [source: cons[]]
Trading Regime Suitability
| Deployment Scenario | Suitability | Audit Basis |
|---|---|---|
| Multi-Asset Trading | ✓ Universal | Pairs: FX, Crypto, Metals, Indices |
| Trend Confluence | ✓ Primary Signal | Categorized as utility |
| Automated Bot Integration | ✓ Clean Triggers | Confirmed on candle close |
| Source Verification | ✓ Open Source | Audit availability |
3 Rule-Based Risk Guardrails
Bar confirmation is permanent upon candle close with zero future lookahead.
Source logic is fully transparent for review and parameter inspection.
High signal stability across multiple market regimes.
How Wavelet Fair Value Gap System Works
Mathematical RationaleWavelet Fair Value Gap System is an audited TradingView utility indicator verified non-repainting with 92/100 code quality. Formulated for systematic technical traders.
Standard 4-Step Indicator Setup & Verification
Open TradingView and navigate to the indicators library or script editor.
Load Wavelet Fair Value Gap System onto your active chart window and verify inputs.
Observe signal behaviour across 2-3 bar closes to ensure fixed non-repainting status.
Configure custom notifications for signal triggers across desired timeframes.
Verified Pros & Known Constraints
Code Audit Passthrough✓ Verified Strengths (4)
- • Strict non-repainting bar-close calculation logic.
- • Optimized Pine Script calculation pipeline executing in sub-5ms per tick cycle.
- • Formatted alert webhook payloads for seamless routing to Discord, Telegram, or MT4/MT5 copiers.
- • Adjustable lookback parameters for multi-timeframe confirmation.
⚠ Risk Factors & Limitations (2)
- • Requires higher timeframe confluence confirmation during consolidation chop.
- • Best utilized alongside disciplined risk-per-trade management.
Frequently Asked Questions
Rule-Based Q&ADoes Wavelet Fair Value Gap System repaint historical signals? ▼
No. Wavelet Fair Value Gap System is verified non-repainting. Once a candle closes, the plotted signal remains fixed.
Is Wavelet Fair Value Gap System free and open source? ▼
Yes, the indicator script is open source and available for trader inspection and customization.
Which timeframe works best with Wavelet Fair Value Gap System? ▼
Optimized performance is verified across All Timeframes, suited for both intraday and swing setups.
Can I use Wavelet Fair Value Gap System on MT4 or MT5? ▼
The primary version is configured for TradingView. Cross-platform usage requires the corresponding native build.
Guides for Wavelet Fair Value Gap System & UTILITY Strategies
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StriveAlgo Research Desk
Quantitative research team auditing algorithmic trading systems across Myfxbook, MQL5 Market, and TradingView.