OPEN-SOURCE SCRIPT
Telah dikemas kini Hosoda Projections
This script, written in Pine Script v5, introduces a technical analysis tool called "Hosoda Projections." Inspired by Ichimoku Kinkō Hyō and wave-based forecasting methods, this indicator helps traders visualize potential future price levels using a combination of pivot detection and projected price movements. It offers a unique way to anticipate market dynamics and define potential targets, making it particularly useful for those who seek to combine historical price patterns with forward-looking strategies.
The script works by detecting key pivot points in the market using a customizable lookback period and then calculating a ZigZag pattern based on price fluctuations that exceed a specified percentage threshold. These pivots are used to identify three recent swing points, which serve as the foundation for projecting possible future price levels. Using these swings, the script generates levels that correspond to Fibonacci-based extensions and projections, such as 38.2%, 61.8%, 100%, 161.8%, and additional extensions like 261.8% and 361.8%. These levels are visualized on the chart as horizontal lines and labeled with their respective values for easy interpretation.
The primary advantage of the Hosoda Projections script is its ability to provide a structured approach to identifying potential price targets. By leveraging the natural rhythm of price movements, it offers insights into where the market might find support or resistance in the future. This can help traders refine their entry and exit points, manage risk more effectively, and gain a deeper understanding of market sentiment. Additionally, the dynamic nature of the projections adapts to new price data, ensuring the tool remains relevant across changing market conditions.
This script is particularly valuable for traders who appreciate the harmony between historical price action and predictive analysis. Whether you are trading forex, stocks, or cryptocurrencies, the Hosoda Projections tool can enhance your trading strategy by providing actionable and visually intuitive forecasts.
The script works by detecting key pivot points in the market using a customizable lookback period and then calculating a ZigZag pattern based on price fluctuations that exceed a specified percentage threshold. These pivots are used to identify three recent swing points, which serve as the foundation for projecting possible future price levels. Using these swings, the script generates levels that correspond to Fibonacci-based extensions and projections, such as 38.2%, 61.8%, 100%, 161.8%, and additional extensions like 261.8% and 361.8%. These levels are visualized on the chart as horizontal lines and labeled with their respective values for easy interpretation.
The primary advantage of the Hosoda Projections script is its ability to provide a structured approach to identifying potential price targets. By leveraging the natural rhythm of price movements, it offers insights into where the market might find support or resistance in the future. This can help traders refine their entry and exit points, manage risk more effectively, and gain a deeper understanding of market sentiment. Additionally, the dynamic nature of the projections adapts to new price data, ensuring the tool remains relevant across changing market conditions.
This script is particularly valuable for traders who appreciate the harmony between historical price action and predictive analysis. Whether you are trading forex, stocks, or cryptocurrencies, the Hosoda Projections tool can enhance your trading strategy by providing actionable and visually intuitive forecasts.
Nota Keluaran
Modification pour blocageSkrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.