PRO Sinewave

---> ZOOM IN THE CHART TO GET BETTER SIGHT ! <---

PRO SINEWAVE IS BASED ON ADVANCED CYCLE ANALYSIS :
It watches the prices movements and see if there is cyclical components in it or not (a market that is not cyclical is basically in trend (either buyers or sellers are predominant).
The indicator then studies those price cycles and process them through a sophisticated algorithm (3 years of day by day improvements) that is detecting the ones that can produce high probabilty of reliable action.
There's no magic.. just a lot of quality work. Of course using algorithmic signals requires mastering them... And this means you'll have to get through practicing and learning instead of thinking about free easy money ! Nothing can be that easy but the rules aren't that complicated either ! Read this step by step tutorial may already give you a glimpse of the first key rules and personnal tips I'll share with you !..

This indicator setup is quite efficient all by itself but of course this is highly recommanded to combine it with another technical indication that have uncorrelated source. My first suggestion is of course to combine with momentum Analysis and that's why I personnally use Sinewave in a very strong couple relation with PRO Momentum (currently recoding it in PineScript). But there are of course many other possibilities for people who don't need to have very complex momentum analysis They can rely on standard RSI or other momentum like oscilators.
An interesting combination can also be made with Volume Analysis through "Volume Profiles" & "Market Profile" approach. BUT this will be totally worthless to combine it with other complex price analysis like Ichimoku (Sinewave will give you better signals). Moving averages, bollinger bands , Keltner channel, and other volatility/averaging based indicators can help if you fancy them, but there's no obligation and I personally think that it's way better to keep the chart as clean as possible.. Combination are nearly infi-nite so.. be creative ! but please avoid typical indicator exceed charts.. Your trading signal must never come out of more than 3-4 indications. if you have more, then it's more chances to confuse you and lower the confidence you have in your positions... which is terrible.

Allright folks ! Hope I caught your interest with this indicator !
Don't hesitate to comment as well if you have any question suggestion or review to share. I'll answer to everyone !

Code is available via INVITE ONLY and can be unlocked by subscription plan.
THE PRICING IS A SYMBOLIC 1€/DAY + A FREE 1 WEEK TRIAL so you'll be sure not to get caught into something you don't like ! Only something you use daily !
Subscriptions are handled by Paypal and you can choose billing cycle from standard monthly payment to as low as the 1€ daily payment. Recurrent payments that you can stop at ANY TIME.
To get your access visit : www.pro-indicators.com

Nota Keluaran:

This is the first update of the signal filtering algorithm. This has tremendously improved the quality of signals.
I've added one more signal to the list :

- REV signal

These signals will generally highlight swing spots. These cycles will have high reversal properties and should be taken accordingly.
Agressive trades will have a very nice chance to enter with a tight stop.
Low risk profile traders will wait for a breakout following these signals to enter the new trend after that reversal.
For both the signal obviously means that all in trend profits have to be taken at this point !

Anyway despite that code update, I wanted to say that I'm now working on PRO Momentum, that should come within weeks from now. Then it will be PRO Analyzer and after that I'll focus on making tutorial videos for your folks as well as creating a PDF manual that will of course be offered with all subscriptions. In the meantime you can stil practice with the tutorial tips given ;)

Wish you good Trades !
Phil

Nota Keluaran:

Corrected the issue that caused early alerts to trigger on every new bar... that was annoying, specially on shorter timeframes.

Nota Keluaran:

*** Minor Bugfixes
*** Added a few new rules in the signal algorithm

> I'm now working on a PDF tutorial + a vidéo training course to be released soon.

Nota Keluaran:

Added an alert for Breakouts only as a user requested. Low risk profile traders can now sit back and relax.. just wainting for breakouts to happen !

Nota Keluaran:

****** MAJOR UPDATE ******
introducing :

• Volatility auto-adjusment algo added. It drastically improved signaling.
  
• 18 new complex patterns added to the filter algoritm.
  
• Solved the bug that caused error "No depth at Index" on small timeframes.
  
• improved the computation for a faster plotting.
  
• INTRODUCED THE PDF USER MANUAL (click here to download it)
  

You now have everything needed to take the best out of these indicators !

Nota Keluaran:

5 new pattern scanned (3 reversals 2 exits)

Nota Keluaran:

Update to fix the "Cannot compile Script" errors.
> This error may still happen (specially when TradingView servers are under huge traffic hours)... If this happens to you > contact me via Private Messages or at [e-mail]

Nota Keluaran:

dark color version coming soon for dark theme traders. Check the script folder of my profile to grab it.

Nota Keluaran:

I had to make deep changes to the script because it was reaching limits of TradingView's capacities.
I made some compromises. Here's what's new :

• The "REV" reverse pattern is no longer supported.
  
• I added a confirmation signal (can be turned off via settings). This gives you precise entry points within a bullish or bearish cycle.
  This looks like a little red/blue triangle above/below the candle that confirms the trading signal.
  The signals appear for the last 25 visible bars only to avoid overloading the chart.
  Use them as confirmation or low risk entry points depending on your risk profile to trading.
  
• Changed the names of BUY & SELL cycles to BULL & BEAR to make it more relevant to what they represent.
  
• Some patterns have been removed, but the most relevant ones have been updated quite effectively.
  

This is what the confirmation signal looks like on a chart :

Nota Keluaran:

Slightly improved the cycle detection algorithm.

Nota Keluaran:

Changed quite some things about the render process. Targets lines have been improved. I'll update the PDF manuals in couple days.
Also reworked the alert system. If you want to be alerted on confirmed signals (at bar close) you can now use the new built-in option within the Alert pop-up.

Nota Keluaran:

Simply corrected a little issue and slightly updated the confirmation signal algo (little triangles)

Nota Keluaran:

Corrected some bugs

Nota Keluaran:

MAJOR UPDATE :

• reworked some of the algos for much better signaling.
  
• introduction du MANUEL EN FRANCAIS (cliquez ici pour télécharger) (french user manual)
  
• Also updated PRO Momentum
  
• update of the User Manual to suit the new updated coming early 2018
  

Nota Keluaran:

*** BUG FIX ***
Nothing changed but the bugfix