🆓 SHI - Simple Harmonic Index by Cryptorhythms🆓 SHI - Simple Harmonic Index by Cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation.
Description
The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.
Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry.
What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas.
TL:DR
Bullish signals are generated when SHI crosses over 0
Bearish signals are generated when SHI crosses under 0
I put a few example trades up on the chart.
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Corak Harmonic
LazyMoney V2Eliot wave convergence from the 1 min to the 4 hr in combination with indicators to give the optimal entry. To use this indicator we will wait for the Eliot waves to converge at one extreme in combination with a bar flip to ensure entry on or forks, harmonics, and fibo levels. This is only to be used in combination with our training and you MUST be a member of our team to gain access to this indicator!
Phi35 - Candlestick Reversal Patterns V1 ©Candlestick Reversal Pattern V1 by Phi35 - 9rd September 2016 ©
Check also my " Candlestick Continuation Pattern " indicator which will follow soon!
Do not modify the code without my permission!
If there is an issue or any suggestions, feel free to contact me on the link below
www.tradingview.com
www.tradingview.com
It seems to work well but still no guarantee on completeness!
RISK WARNING! PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. IN MAKING AN INVESTMENT DECISION, TRADERS MUST RELY ON THEIR OWN EXAMINATION OF THE ENTITY MAKING THE TRADING DECISIONS!
Wait always for confirmation (next opening price or closing price)!!
RECOGNIZABLE REVERSAL PATTERNS
01.Engulfing
02.Harami
03.Piercing Line
04.Morning Star
05.Evening Star
06.Belt Hold
07.Three White Soldiers
08.Three Black Crows
09.Three Stars in the South
10.Stick Sandwich
11.Meeting Line
12.Kicking
13.Ladder Bottom
Although the Engulfing and Harami Patterns are important but can occur too often and give false signals, I give you the option to turn them completely off.
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Timeframe: said Alt Timeframe.
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use with Fractals V5 for visual confirmation ;).
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