Fibonacci Golden Wave | Flux Charts๐ GENERAL OVERVIEW
Introducing the new Fibonacci Golden Wave indicator! This indicator plots the Fibonacci golden zone from the last highs / lows instead of the pivots so that the resulting zone is shaped like a "wave". We believe this will help you to see the latest trend of the Fibonacci retracement levels easier. For more information of the working progress of the indicator, check the "How Does It Work" section of the description.
Features of the new Fibonacci Golden Wave Indicator :
Plots Fibonacci Golden Zone Based On Highs / Lows
A Different Approach To Fibonacci Retracement Levels
Customizable Swing Range & Retracement Levels
Customizable Visuals
๐ฉUNIQUENESS
The Fibonacci Golden Zone is a widely used concept in trading. To achieve the golden zone, the Fibonacci retracement levels are generally placed between pivot high / lows, resulting in a rectangular zone. However, this indicator will place the Fibonacci retracement levels between the last highest / lowest points going back from the current bar, resulting in a "wave" shape. This will help traders understand the latest trend of the Fibonacci golden zone. The ability to change the Fibonacci retracement levels to your liking in the settings is another unique function of this indicator.
๐ HOW DOES IT WORK ?
To calculate the Fibonacci wave, first of all we need to place a line at the lowest low and the highest high of the last 20 bars (can be changed from the settings)
Then, Fibonacci retracement levels are placed between those lines.
For the next step, put two points in the (1.0 - 0.618) = 0.382 and (1.0 - 0.5) = 0.5 (can be changed from the settings) levels of the Fibonacci retracement.
Repeat this step for each bar in the chart, then connect all the points.
Instead of a pivot approach to the Fibonacci retracement levels, this approach will not need a new pivot point to form before calculating the new Fibonacci golden zone, thus indicating the latest trend of the current golden zone.
๐จHOW YOU CAN USE THIS INDICATOR
Fibonacci retracement tool is typically used to find entries after a pullback in an uptrend or downtrend. The Fibonacci Golden Wave can be used in the same way. It can be used to find entries after markets retrace. In this example, the Fibonacci Golden Wave is able to catch 2 pullback opportunities to enter long in the market with the trend.
โ๏ธSETTINGS
1. General Configuration
Swing Range -> This setting determines how the highest high / lowest low levels are calculated. This essentially means that the script will look back X bars before the current bar in calculation to find the highest / lowest wick points.
2. Golden Zone
Here you can select which range of the Fibonacci retracement levels should be considered as the golden zone. The default value is 0.5 - 0.618.
Cari dalam skrip untuk "wave"
ZigZag++ FibonacciAuto Fibonacci tools are powerful ways designed to simplify your technical analysis by automatically drawing Fibonacci retracement and extension levels on your chart. This indicator is built to enhance your trading experience with clearer market moves and informative insights.
You can easily spot your waves and patterns when the percentages are moving with you.
Key Features:
Automated Fibonacci Levels: Plots Fibonacci retracement and extension levels based on recent price movements.
Multi-Timeframe Support: This indicator is your versatile companion, offering multi-timeframe functionality. You can seamlessly track Fibonacci levels across different resolutions, providing a comprehensive view of the market.
Two Types of Fibs: Retracement and Timeframe extension Fibonacci levels. Use retracements to identify potential reversal points and extensions to anticipate price targets, giving you a well-rounded perspective on market movements.
Benefits:
Save Time: No more manual Fibonacci drawing; It does this for you in real-time.
Enhanced Analysis: Gain a deeper understanding of potential support, resistance, and price targets.
User-Friendly: Suitable for traders of all levels, this indicator simplifies complex technical analysis.
For the math lovers
I started creating the ZigZag++ based on the MT4 calculation as I found it better performing than the tradingview inbuilt one. I have revised the calculation couple of times and now the final calculation is simple yet more accurate for my analysis.
First, I observe the market direction for the last Depth setting by comparing the rate at which high values reduce and low values increase. When the number of ticks set by Deviation is crossed and the last cross is more than the Backstep candles, then we have our ZigZag points.
These are the points we use in our Fibonacci calculation.
Checkout ZigLib below to use the same logic in your scripts.
Sample usage
This is a 4 Hour configuration with the default settings.
When the trend reversed, some key points I watch are 0.618 and 0.5. The market retraced back and formed the new point for the next ZigZag line on that level. This market behaviour happens quite often on these Fibonacci points. I would be looking for reversal or a break in this zone to know the next step.
Resources
ZigZag++ Lib by me; for retrieving the line points.
Fibonacci Toolkit by Lux Algo; For drawing the Timeframe Fibs. Very Amazing script.
Custom SMA Plot It creates a custom indicator named "Custom SMA Plot (CSP)" that overlays on a price chart. The indicator fetches the closing prices and calculates a 14-period simple moving average (SMA) of these prices. This SMA is then visually represented as a blue line, which starts from the SMA value of the bar 100 candles ago and extends to the current bar's SMA value. The line has a thickness of 1 unit.
When price breaks over wave go long.
When price breaks below wave go short.
Complete Discrete Fourier Transform ToolkitThis is an expansion from my Discrete Fourier Transform Overlay indicator which offers various features that may be useful for traders wishing to apply frequency analysis or integral transform to their trading. For those unfamiliar with the concept, the discrete Fourier transform decomposes wave or wave-like data into functions depending on frequency. This can be helpful in demonstrating or interpreting trends and periodic frequencies in time-series price data, or oscillating indicators.
This toolkit has the following features:
Fourier bands (deviation cloud): The deviation cloud expresses the uncertainty in the DFT algorithm, as well as the relative change in frequency of the curve.
Fourier supertrend: The supertrend is applied as a product of the DFT algorithm, instead of onto the price data itself. This filters the supertrend from infrequent periodicities. For trading, this means that the supertrend will not be affected by false breakouts or breakdowns. See the image below for an example:
Future updates may include:
Projection of the probabilistic uncertainty principle. In a nutshell, the concept can be used to project uncertainties forwards through price data to forecast the path of least resistance, or, the most probable frequency.
Machine learning capabilities. Justin Doherty has done the Pine Script community a great service in introducing kNN algorithms with Lorentzian distance calculations; however, this is only the start of relativistic mechanics that can be applied to time series data. The DFT algorithm essentially filters data into its periodicities; this data can be inserted into a relativistic kNN algorithm - Lorenz or otherwise - to possibly improve accuracy.
Bearish Alternate Flag Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bearish alternate flag patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Alternate Flag Patterns
โข Bullish alternate flags are composed of one peak and two troughs. The second trough being higher than the first.
โข Bearish alternate flags are composed of one trough and two peaks. The second peak being lower than the first.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โ โ FEATURES
Inputs
โข Unbroken Troughs
โข AB Minimum Ratio
โข BC Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Bullish Alternate Flag Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bullish alternate flag patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Alternate Flag Patterns
โข Bullish alternate flags are composed of one peak and two troughs. The second trough being higher than the first.
โข Bearish alternate flags are composed of one trough and two peaks. The second peak being lower than the first.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โ โ FEATURES
Inputs
โข Unbroken Peaks
โข AB Minimum Ratio
โข BC Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Bearish Pennant Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bearish pennant patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Pennant Patterns
โข Bullish pennants are generally composed of three troughs and two peaks. The first peak being higher than the second peak and the first trough being lower than both the second and third troughs, with the third trough being higher than the second trough.
โข Bearish pennants are generally composed of three peaks and two troughs. The first trough being lower than the second trough and the first peak being higher than both the second and third peaks, with third peak being lower than the second peak.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โข Wave 3 of the pattern, referred to as CD, has no ratio measurements but will always be below 100% by default.
โข Wave 4 of the pattern, referred to as DE, has no ratio measurements but will always be below 100% by default.
โ โ FEATURES
Inputs
โข Unbroken Troughs
โข AB Minimum Ratio
โข BC Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Bullish Pennant Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bullish pennant patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Muti-Part Upper and Lower Trends
โข A multi-part return line uptrend begins with the formation of a new return line uptrend, or higher peak, and continues until a new downtrend, or lower peak, completes the trend.
โข A multi-part downtrend begins with the formation of a new downtrend, or lower peak, and continues until a new return line uptrend, or higher peak, completes the trend.
โข A multi-part uptrend begins with the formation of a new uptrend, or higher trough, and continues until a new return line downtrend, or lower trough, completes the trend.
โข A multi-part return line downtrend begins with the formation of a new return line downtrend, or lower trough, and continues until a new uptrend, or higher trough, completes the trend.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Pennant Patterns
โข Bullish pennants are generally composed of three troughs and two peaks. The first peak being higher than the second peak and the first trough being lower than both the second and third troughs, with the third trough being higher than the second trough.
โข Bearish pennants are generally composed of three peaks and two troughs. The first trough being lower than the second trough and the first peak being higher than both the second and third peaks, with third peak being lower than the second peak.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โข Wave 3 of the pattern, referred to as CD, has no ratio measurements but will always be below 100% by default.
โข Wave 4 of the pattern, referred to as DE, has no ratio measurements but will always be below 100% by default.
โ โ FEATURES
Inputs
โข Unbroken Peaks
โข AB Minimum Ratio
โข BC Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work
Bearish Flag Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bearish flag patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Flag Patterns
โข Bullish flags are generally composed of three troughs and two peaks. The first peak being higher than the second peak and the second trough being higher than the first trough. The third trough must be lower than the second trough but higher than the first.
โข Bearish flags are generally composed of three peaks and two troughs. The first trough being lower than the second trough and the second peak being lower than the first peak. The third peak must be higher than the second peak but lower than the first.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โข Wave 3 of the pattern, referred to as CD, has no ratio measurements but will always be below 100% by default.
โข Wave 4 of the pattern, referred to as DE, has no ratio measurements but will always be above 100% by default.
โข The last measure, referred to as BE, is that of the range set between points B and E as a ratio of the range set by wave 1, which is set to a maximum ratio of 40%.
โ โ FEATURES
Inputs
โข Unbroken Troughs
โข AB Minimum Ratio
โข BC Maximum Ratio
โข BE Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Bullish Flag Patterns [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws bullish flag patterns and price projections derived from the ranges that constitute the patterns.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a close price equal to or above the price it opened.
โข A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Broken and Unbroken Peaks and Troughs
Upon the completion of a new swing low the high of the green candle that completes the swing low will be above, below or equal to the current peak price. And similarly, upon the completion of a new swing high the low of the red candle that completes the swing high will be above, below or equal to the current trough price.
If the high price of the green candle that completes the current swing low is higher than or equal to the current peak price then the current peak is broken. If the high of the green candle that completes the current swing low is below the current peak price, then the current peak is unbroken.
Similarly, if the low price of the red candle that completes the current swing high is lower than or equal to the current trough price then the current trough is broken. If the low price of the red candle that completes the current swing high is above the current trough price, then the current trough is unbroken.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Upper Trends
โข A return line uptrend is formed when the current peak price is higher than the preceding peak price.
โข A downtrend is formed when the current peak price is lower than the preceding peak price.
โข A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
โข An uptrend is formed when the current trough price is higher than the preceding trough price.
โข A return line downtrend is formed when the current trough price is lower than the preceding trough price.
โข A double-bottom is formed when the current trough price is equal to the preceding trough price.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Retracement and Extension Ratios
Retracement and extension ratios are calculated by dividing the current range by the preceding range and multiplying the answer by 100. Retracement ratios are those that are equal to or below 100% of the preceding range and extension ratios are those that are above 100% of the preceding range.
Bullish and Bearish Flag Patterns
โข Bullish flags are generally composed of three troughs and two peaks. The first peak being higher than the second peak and the second trough being higher than the first trough. The third trough must be lower than the second trough but higher than the first.
โข Bearish flags are generally composed of three peaks and two troughs. The first trough being lower than the second trough and the second peak being lower than the first peak. The third peak must be higher than the second peak but lower than the first.
In this script I have used minimum and maximum retracement and extension ratios to set parameters for pattern identification:
โข Wave 1 of the pattern, referred to as AB, is set to a minimum ratio of 100%.
โข Wave 2 of the pattern, referred to as BC, is set to a maximum ratio of 30%.
โข Wave 3 of the pattern, referred to as CD, has no ratio measurements but will always be below 100% by default.
โข Wave 4 of the pattern, referred to as DE, has no ratio measurements but will always be above 100% by default.
โข The last measure, referred to as BE, is that of the range set between points B and E as a ratio of the range set by wave 1, which is set to a maximum ratio of 40%.
โ โ FEATURES
Inputs
โข Unbroken Peaks
โข AB Minimum Ratio
โข BC Maximum Ratio
โข BE Maximum Ratio
โข Pole Color
โข Flag Color
โข Extend Current Flag Lines
โข Show Labels
โข Label Color
โข Show Projection Lines
โข Extend Current Projection Lines
Alerts
Users can set alerts for when the patterns occur.
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Fibonacci Ratios HTF [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws higher timeframe Fibonacci levels from current peak to current trough or current trough to current peak, depending on where the current wave cycle ends. In the example above I have set the higher timeframe resolution to 1-month and applied it to a daily chart.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a high price equal to or above the price it opened.
โข A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
โข Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
โข Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Fibonacci Retracement and Extension Ratios
The Fibonacci sequence is a series of numbers in which each number is the sum of the two preceding numbers, starting with 0 and 1. For example 0 + 1 = 1, 1 + 1 = 2, 1 + 2 = 3, and so on. Ultimately, we could go on forever but the first few numbers in the sequence are as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144.
The extension ratios are calculated by dividing each number in the sequence by the number preceding it. For example 0/1 = 0, 1/1 = 1, 2/1 = 2, 3/2 = 1.5, 5/3 = 1.6666..., 8/5 = 1.6, 13/8 = 1.625, 21/13 = 1.6153..., 34/21 = 1.6190..., 55/34 = 1.6176..., 89/55 = 1.6181..., 144/89 = 1.6179..., and so on. The retracement ratios are calculated by inverting this process and dividing each number in the sequence by the number proceeding it. For example 0/1 = 0, 1/1 = 1, 1/2 = 0.5, 2/3 = 0.666..., 3/5 = 0.6, 5/8 = 0.625, 8/13 = 0.6153..., 13/21 = 0.6190..., 21/34 = 0.6176..., 34/55 = 0.6181..., 55/89 = 0.6179..., 89/144 = 0.6180..., and so on.
1.618 is considered to be the 'golden ratio', found in many natural phenomena such as the growth of seashells and the branching of trees. Some now speculate the universe oscillates at a frequency of 0,618 Hz, which could help to explain such phenomena, but this theory has yet to be proven.
Traders and analysts use Fibonacci retracement and extension indicators, consisting of horizontal lines representing different Fibonacci ratios, for identifying potential levels of support and resistance. Fibonacci ranges are typically drawn from left to right, with retracement levels representing ratios inside of the current range and extension levels representing ratios extended outside of the current range. If the current wave cycle ends on a swing low, the Fibonacci range is drawn from peak to trough. If the current wave cycle ends on a swing high the Fibonacci range is drawn from trough to peak.
Although there is some contention over which popular levels are and are not actually Fibonacci ratios, such as 50% and 100%, in this script I have based my retracement level calculations on the ratios of 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100%. And my extension level calculations on the ratios of 161.8%, 261.8%, 361.8%, 423.6% and 461.8%.
โ โ FEATURES
Inputs
โข HTF Resolution
โข Show Fibonacci Extensions
โข 00.0% Line Color
โข 23.6% Line Color
โข 38.2% Line Color
โข 50.0% Line Color
โข 61.8% Line Color
โข 78.6% Line Color
โข 100.0% Line Color
โข 161.8% Line Color
โข 261.8% Line Color
โข 361.8% Line Color
โข 423.6% Line Color
โข 461.8% Line Color
โข Extend Line Type
โข Show Labels
โข Label Colors
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Similarly, if the current timeframe is not a factor of the higher timeframe there will be occasions when the left hand offset is out by a couple of bars. This is because the calculations are ultimately based on how many lower timeframe bars there are inside a sequence of higher timeframe bars. The indicator will also behave unexpectedly if the higher timeframe resolution is lower than the current timeframe, but that should be expected.
If the lines do not draw or you see a study error saying that the script references too many candles in history, this is most likely because the higher timeframe anchor point is not present on the current timeframe. This problem usually occurs when referencing a higher timeframe, such as the 1-month, from a much lower timeframe, such as the 1-minute. How far you can lookback for higher timeframe anchor points on the current timeframe will also be limited by your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000.
Fibonacci Ratios [theEccentricTrader]โ โ OVERVIEW
This indicator automatically draws Fibonacci levels from current peak to current trough or current trough to current peak, depending on where the current wave cycle ends.
โ โ CONCEPTS
Green and Red Candles
โข A green candle is one that closes with a high price equal to or above the price it opened.
โข A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
โข A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
โข A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
โข The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
โข The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. The first swing high or swing low will set the course for the sequence of wave cycles that follow; for example a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Figure 1.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
โข Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
โข Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Fibonacci Retracement and Extension Ratios
The Fibonacci sequence is a series of numbers in which each number is the sum of the two preceding numbers, starting with 0 and 1. For example 0 + 1 = 1, 1 + 1 = 2, 1 + 2 = 3, and so on. Ultimately, we could go on forever but the first few numbers in the sequence are as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144.
The extension ratios are calculated by dividing each number in the sequence by the number preceding it. For example 0/1 = 0, 1/1 = 1, 2/1 = 2, 3/2 = 1.5, 5/3 = 1.6666..., 8/5 = 1.6, 13/8 = 1.625, 21/13 = 1.6153..., 34/21 = 1.6190..., 55/34 = 1.6176..., 89/55 = 1.6181..., 144/89 = 1.6179..., and so on. The retracement ratios are calculated by inverting this process and dividing each number in the sequence by the number proceeding it. For example 0/1 = 0, 1/1 = 1, 1/2 = 0.5, 2/3 = 0.666..., 3/5 = 0.6, 5/8 = 0.625, 8/13 = 0.6153..., 13/21 = 0.6190..., 21/34 = 0.6176..., 34/55 = 0.6181..., 55/89 = 0.6179..., 89/144 = 0.6180..., and so on.
1.618 is considered to be the 'golden ratio', found in many natural phenomena such as the growth of seashells and the branching of trees. Some now speculate the universe oscillates at a frequency of 0,618 Hz, which could help to explain such phenomena, but this theory has yet to be proven.
Traders and analysts use Fibonacci retracement and extension indicators, consisting of horizontal lines representing different Fibonacci ratios, for identifying potential levels of support and resistance. Fibonacci ranges are typically drawn from left to right, with retracement levels representing ratios inside of the current range and extension levels representing ratios extended outside of the current range. If the current wave cycle ends on a swing low, the Fibonacci range is drawn from peak to trough. If the current wave cycle ends on a swing high the Fibonacci range is drawn from trough to peak.
Although there is some contention over which popular levels are and are not actually Fibonacci ratios, such as 50% and 100%, in this script I have based my retracement level calculations on the ratios of 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100%. And my extension level calculations on the ratios of 161.8%, 261.8%, 361.8%, 423.6% and 461.8%.
โ โ FEATURES
Inputs
โข Show Fibonacci Extensions
โข 00.0% Line Color
โข 23.6% Line Color
โข 38.2% Line Color
โข 50.0% Line Color
โข 61.8% Line Color
โข 78.6% Line Color
โข 100.0% Line Color
โข 161.8% Line Color
โข 261.8% Line Color
โข 361.8% Line Color
โข 423.6% Line Color
โข 461.8% Line Color
โข Extend Line Type
โข Show Labels
โข Label Colors
โ โ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
DEMO - FxCanli Price ActionEN - FxCanli TradingView Price Action indicator can draw and alert at everything about PRICE ACTION.
DEMO VERSION of FXCANLI PRICE ACTION Indicator work with any NZD or any DOGE symbols
TR - FxCanli TradingView Price Action indikatoฬruฬ grafiklerinizde PRICE ACTION ile ilgili tรผm รงizimleri yapar ve alarm verir.
FXCANLI PRICE ACTION indikatoฬruฬnuฬn DEMO VERSIฬYONUNU herhangi bir NZD veya DOGE sembolรผ ile kullanabilirsiniz.
EN - For Example | TR - รrnek
NZD|...
NZD|USD
NZD|CAD
NZD|CHF
NZD|JPY
DOGE|...
DOGE|USD
DOGE|USDT
DOGE|USDTPERP
DOGE|BTC
EN - FxCanli TradingView Price Action indicator can draw and alert at;
Break of Structure (BOS),
Change of Character (CHoCH),
Liquidity,
Order Block,
Supply & Deman
TR - FxCanli TradingView Price Action indikatoฬruฬ grafiklerinizde;
Break of Structure (BOS)
Change of Characte (CHoCH)
Liquidity
Order Block
Arz & Talep bรถlgelerini otomatik olarak cฬงizer ve alarm verir.
Market Structure;
EN - You can easly follow market structure, Up Trend with green waves, Down trend with Red waves
TR - Market yapฤฑsฤฑnฤฑ kolayca takip edebilirsiniz. Yukarฤฑ trendi yesฬงil dalgalar ile, Asฬงagฬฤฑ trendi kฤฑrmฤฑzฤฑ dalgalar ile.
Change of Character (CHoCH)
*************************************
EN - Shows trend reversals
TR - Trend doฬnuฬsฬงuฬmlerini goฬsterir
Break of Structure (BOS)
******************************
EN - Shows trend continuations
TR - Devam eden trendleri goฬsterir
Liquidity
***********
EN - Shows Liquidity levels
TR - Likidite seviyelerini goฬsterir
Order Block and Supply&Demend
***************
EN - Shows Order Block and Supply&Demend levels which is a technical analysis technique that tracks the accumulation of orders (when bullish ) and distribution of orders (when bearish ) of banks and institutional traders.
TR - Bankalarฤฑn ve kurumsallarฤฑn emir birikimini (yuฬkselisฬง oldugฬunda) ve emir dagฬฤฑlฤฑmฤฑnฤฑ (duฬsฬงuฬsฬง oldugฬunda) Order Block ve Arz & Talep olarak goฬsterir.
Elliot Wave Helper Tableโ โOVERVIEW
This indicator is intend to be helper to help Elliot Wave user to properly Elliot Wave tools according to correct degree such as 12345 or ABCWXY. The abbreviation changes according to timeframe.
โ โFEATURES
1. Abbreviation degree adaptive to timeframe. Eg : Subminutte for 1 minute chart, etc.
2. Works for custom timeframe. Eg : Subminutte for 1 to 4 minute chart, etc.
3. Show reference table if necessary.
โ โREFERENCE
Adaptive Elliot Wave Degree Chart
โ โEXAMPLES / USAGES
Mark Structure ShdwMark Structure Show is building the market swing structure, minor and sub structure and marks all possible insignificant pivots
This indicator is the alternative version of Mark Structure indicator, I had to create another indicator in order to avoid programming limitation of TreadingView.
This version uses confirmation approach as confirming by body, it means every swing low/high is confirmed when the body (of newly creating swing low/high correspondingly) takes place and intercepts it. the same behaviour is with breaking structure its confirmed only by body.
From trading prospective with this kind of approach we can easily detect manipulations (caused by sweeps) and disregard those manipulation as elements which are breaking the structure. so its extremely useful for those who are trading smart money price actions and basing on swing structure POI
it supports:
- Marking all pivots with labels or join them continuously with trend lines.
- Marking minor and sub structured swings with labels or join them continuously with trend lines. Marking last actual CHoCH and BOS. Minor and substructure are structures inside swing structure and it can differ from the structure of lower timeframe
- Marking swings of swing structure with labels or join them continuously with trend lines.
- Changing bullish and bearish colors of each kind of structures
- Changing pivot labelings
- Changing colors
Remarks:
- Don't expect to have minor and sub structure in each swing waves, its totally fine when you don't have them at all
- Swing structure is the most significant structure and shows real price direction.
- The last swing is not able to be confirmed it tries to build 2 swings that most likely would be either substructure or SMS BOS
Chervolinos-Wave-PM-ForecastThe Wave PM (Whistler Active Volatility Energy โ Price Mass) indicator is an oscillator described in Mark Whistler's book, Volatility Illuminated.
The Wave PM is specifically designed to help read volatility cycles. When we visualize volatility cycles as a chart, we can get a clear view of the market volatility phases in multiple time frames. This indicator forms an arithmetic mean over 30 observed periods. Traders can thus get a better insight into "potential" volatility from up to pent-up energy, the different zones give strong help to predict future price developments.
Possible interpretation patterns:
You are at the end of a long uptrend and you want to know if the price is going to go down, if the indicator shows red and the value is above 25, it is likely to do so.
You're in a downtrend and there's a bit of a recovery phase, so you might be wondering if it's going to continue when the indicator shows green. It would go further with yellow, but with green it can be assumed that it is going down rapidly.
Special thanks to sourcey who programmed the 3D Wave-PM.
This variant of sourcey looks very nice, but was too confusing for me. In order to get a strong overview, forming an arithmetic mean is very useful.
I hope you and the Mods like my version
Best regards, Chervolino
Squeeze Momentum Indicator + 2.0This is a squeeze momentum oscillator with ADX-RSI, Elliot waves oscillator, HMA background and more.
I recommend configure ADX-RSI with the following settings:
-ADX Length = 14
-ADX smooth = 14
-RSI Length = 14
-Threshold = 15
-Upline = 70
-Downline = 30
Thanks to OskarGallard for develop this indicator.
I am Sc4lp1ng, the developer of EMA MTF cloud and TSI-ADX Histogram.
RAS.V2 Strength Index OscillatorHeavily modified version of my previous "Relative Aggregate Strength Oscillator" -Added high/low lines, alma curves,, lrc bands, changed candle calculations + other small things. Replaces the standard RSI indicator with something a bit more insightful.
Credits to @wolneyyy - 'Mean Deviation Detector - Throw Out All Other Indicators ' And @algomojo - 'Responsive Coppock Curve'
And the default Relative Strength Index
The candles are the average of the MFI ,CCI ,MOM and RSI candles, they seemed similar enough in style to me so I created candles out of each and the took the sum of all the candle's OHLC values and divided by 4 to get an average, same as v1 but with some tweaks. Previous Peaks and Potholes visible with the blue horizontal lines which adjust when a new boundary is established. Toggle alma waves or smalrc curves or both to your liking. This indicator is great for calling out peaks and troughs in realtime, although is best when combined with other trusted indicators to get a consensus.
Volume spread analysis V1 (RT)Volume Spread Analysis is a method used by professional traders to identify the Smart money's activities (Institutional Traders) in the markets based on Price and Volume data. and it is considered to be one of the best technical analysis compared to all forms of trading since it is not prone to smart money manipulation but the method itself is to identify the smart money's activity in any markets.
Volume plays an important role in trading since it is used to identify the Smart trader's activity in the markets and it can play a crucial role when it comes to identifying accurate Chart patterns and levels with entries and exits.
Important Features included in this indicator:-
1. Volume Spread Analysis signals to identify SOS (Signal of strength) and SOW (Signal of weakness).
2. Potential Volume zones to identify important levels of Smart money.
3. Gap up and Gap Down Levels to identify the irregular gaps and corrections in the markets.
4. Added Historic signals and other parameter options in the settings.
5. Effort VS Result Option included.
6. Volume Waves, Also known as Cumulative Volume to identify Effort vs result and Buyers/Seller's Activity in the markets.
7. Multiple Options to change the colors of various indicators included.
8. The indicator also consists VWAP option which can be used as POC on Day Trading.
Please note that this indicator will be developed with time as we will constantly be adding more VSA signals in the upcoming days and we are constantly working on the quality of the indicator.
YouTube:- www.youtube.com
Feel Free to reach us via our WhatsApp number +91 9964982366 and provide us with your valuable feedback and ideas for the development of our indicators.
Jae Flow+Jae_Folw+
- Auxiliary indicator that can judge the overall flow / short-term flow of the market
- Flow Chart is divided into upper / middle / lower part
- There is no timeframe limitation, but like the existing divergence trading, we recommend trading by specifying the mainframe.
๐ (green line) : It is written with an algorithm based on (5 33 / 10 66 / 20 1212) "3 Stochastic", and is used to check the double peak/double bottom easly.
โ (Cross): Reports Gold Cross/Dead Cross of existing (5 33 / 10 66 / 20 1212) "3 Stochastic".
๐ท (diamond): It is written with a DCP-based(MA+Volume Trend) algorithm to indicate the turning point of the trend
๐ Basics of trading ๐
Reversal of Trend Requires Diver/Finale
A chart with a large trading volume cannot go in the opposite direction.
To relieve the moving inertia, after the beam is finished, the beam is crossed and the wave is drawn (during this sidewalk, a divers of an appropriate size is generated)
Indicators to help you know when and where this inertia will end
Trade with the idea that the downward ball changes its inclination and catches the flow in the opposite direction.
It takes longer than I thought for the ball to stop and move in the opposite direction.
๐๐
====Usage====
====Basically recommend using divergence as a base, judging the flow of wave (market) with Jaeflow====
๐0. Identifying mainframes and specifying frames to buy and sell
๐1. "Top Flow"
A Need to check the double ceiling/double bottom of the green line of โtop flowโ (think of the green line as RSI and check the divergence with the candle BEST)
B Cross signal from double ceiling/double floor = flow is changing
C Does a diamond occur at this time + what is the shape of the lower "interrupted flow" (overbought/overbought? double floor/ceiling? etc.)
D Rather than trading with โupper flowโ, it is better to see the upper flow following the stop flow
๐2. "Middle Flow"
A Use the same as above
B "Middle flow" consists of the strongest signal to judge the flow
C Active participation in trading if the โTop flowโ double peak + stop flow double bar + cross signal + diamond signal continues
๐3. "bottom flow"
A When the above trading conditions are established, check whether the "bottom flow" is also the form immediately preceding the desired shape (BEST)
B If you can see the double-floor/double-ceiling shape in "Bottom Flow", it is recommended to increase the time frame by one level (there is a possibility that it is not the main frame)
๐4. "2 diamonds" or "3 diamonds"
A If โupper/middle/lower flowsโ occur at the same time, it can be seen as a signal of a strong trend reversal.
๐ฅ "When Diver Occurs" ๐ฅ
Use it to overlap with items 1,2,3,4 above to judge the trend
===============================================================================================
๐ฅ Jaedie ์ฌ์ฉ์๋ฅผ ์ํ JaeFlow
- ์์ฅ์ ์ ์ฒด ํ๋ฆ / ๋จ๊ธฐ ํ๋ฆ์ ํ๋จํ ์ ์๋ ๋ณด์กฐ์งํ
- Flow Chart๋ ์๋จ / ์ค๋จ / ํ๋จ๋ถ ๋ก ๋๋๋ค
- ํ์ํ๋ ์์ ์ ํ์ ์์ง๋ง, ๊ธฐ์กด ๋ค์ด๋ฒ์ ์ค ๋งค๋งค์ ๊ฐ์ด ๋ฉ์ธํ๋ ์์ ํน์ ํ์ฌ ๋งค๋งค๋ฅผ ์ถ์ฒ
๐ (๋
น์์ ) : (5 33 / 10 66 / 20 1212) 3์คํ ๊ธฐ๋ฐ์ ์๊ณ ๋ฆฌ์ฆ์ผ๋ก ์์ฑ๋์ด, ์๋ด/์๋ฐ๋ฅ์ ํ์ธํ๋๋ฐ ์ฐ์
โ(ํฌ๋ก์ค) : ๊ธฐ์กด (5 33 / 10 66 / 20 1212) 3์คํ ์ ๊ณจ๋ํฌ๋ก์ค/๋ฐ๋ํฌ๋ก์ค๋ฅผ ์๋ ค์ค
๐ท(๋ค์ด์) : DCP๊ธฐ๋ฐ์ ์๊ณ ๋ฆฌ์ฆ์ผ๋ก ์์ฑ๋์ด ์ถ์ธ์ ์ ํ์ ์ ๋ํ๋
๐๋งค๋งค์ ๊ธฐ๋ณธ์ ๋ํ์ฌ๐
์ถ์ธ์ ์ ํ์๋ ๋ค์ด๋ฒ/ํผ๋ ๋ ๊ฐ ํ์ํจ
ํฐ ๊ฑฐ๋๋์ ๋นํํ์ ์ฐจํธ๊ฐ ๋ฐ๋ก ๋ฐ๋๋ฐฉํฅ์ผ๋ก ๊ฐ์๋ ์์
์์ง์ด๋ ๊ด์ฑ์ ํด์ํ๊ธฐ ์ํด ๋น์ด ๋๋ ํ ํก๋ณด๋ฅผ ํ๋ฉฐ ํ๋์ ๊ทธ๋ฆผ (์ด ํก๋ณด ๋์ค ์ ๋นํ ํฌ๊ธฐ์ ๋ค์ด๋ฒ๊ฐ ๋ฐ์ํ๊ฒ ๋๊ณ )
์ด ๊ด์ฑ์ด ๋๋ ํ์ด๋ฐ๊ณผ ํ๋ฆ(Flow)์ ์ ์ ์๋๋ก ๋์์ฃผ๋ ์งํ
๋ด๋ ค๊ฐ๋ ๊ณต์ด ๊ธฐ์ธ๊ธฐ๊ฐ ๋ฐ๋์ด ๋ฐ๋๋ฐฉํฅ์ผ๋ก ๊ตด๋ฌ๊ฐ๋ ํ๋ฆ์ ์ก๋๋ค๋ ์๊ฐ์ ํ๋ฉฐ ๋งค๋งค๋ฅผ ์ํ
์ด ๊ณต์ด ๋ฉ์ถฐ๊ฐ๋ฉฐ ๋ฐ๋๋ฐฉํฅ์ผ๋ก ์์ง์ด๊ธฐ์ ๋ด ์๊ฐ๋ณด๋ค ๋ ๊ธด ์๊ฐ์ด ํ์ํจ
๐๐
====์ฌ์ฉ๋ฒ====
====๊ธฐ๋ณธ์ ์ผ๋ก Jaedie์ ๋ค์ด๋ฒ์ ์ค๋ฅผ Base๋ก ํ์ฉ ์ถ์ฒ, Jaeflow๋ก ํ๋(์์ฅ)์ ํ๋ฆ์ ํ๋จ====
๐0. ๋ฉ์ธํ๋ ์ ํน์ ๋ฐ ๋งค๋งคํ ํ๋ ์ ํน์ ํ๊ธฐ
๐1. "์๋จ ํ๋ก์ฐ"
A "์๋จ ํ๋ก์ฐ"์ ๋
น์ ์ ์์ฒ์ฅ/์๋ฐ๋ฅ์ ํ์ธํด์ผ ํจ (๋
น์ ์ ์ RSI๋ผ ์๊ฐํ๊ณ ์บ๋ค๊ณผ์ ๋ค์ด๋ฒ์ ์ค๋ฅผ ํ์ธ BEST)
B ์์ฒ์ฅ/์๋ฐ๋ฅ์์ ๋์ค๋ ํฌ๋ก์ค ์ ํธ = ํ๋ฆ์ด ๋ณํ๊ณ ์๋ค
C ์ด๋ ๋ค์ด์๊ฐ ๋ฐ์ํ๋์ง + ์๋์ชฝ "์ค๋จ ํ๋ก์ฐ"์ ํํ๋ ์ด๋ ํ์ง (๊ณผ๋งค์/๋ ์ธ์ง? ์๋ฐ๋ฅ/์ฒ์ฅ ์ธ์ง? ๋ฑ)
D "์๋จ ํ๋ก์ฐ"๋ก ๋งค๋งค๋ฅผ ์ํํ๊ธฐ๋ณด๋จ ์๋จ ํ๋ก์ฐ๊ฐ ์ค๋จ ํ๋ก์ฐ์ ์ด์ด์ง๋ ํํ๋ฅผ ๋ณด๋๊ฒ ์ข์
๐2. "์ค๋จ ํ๋ก์ฐ"
A ์์ ๋ง์ฐฌ๊ฐ์ง๋ก ํ์ฉ
B "์ค๋จ ํ๋ก์ฐ"๋ ํ๋ฆ์ ํ๋จํ๊ธฐ์ ๊ฐ์ฅ ๊ฐ๋ ฅํ ์ ํธ๋ก ์ด๋ฃจ์ด์ ธ ์์
C "์๋จ ํ๋ก์ฐ"์ ์๋ด + ์ค๋จํ๋ก์ฐ์ ์๋ด + ํฌ๋ก์ค ์ ํธ + ๋ค์ด์ ์ ํธ๋ฑ์ด ์ด์ด์ง๋ค๋ฉด ๋งค๋งค์ ์ ๊ทน์ ์ผ๋ก ์ฐธ์ฌ
๐3. "ํ๋จ ํ๋ก์ฐ"
A ์์ ๋งค๋งค์กฐ๊ฑด์ด ์ฑ๋ฆฝํ์๋, "ํ๋จ ํ๋ก์ฐ" ๋ํ ์ํ๋ ๋ชจ์์ ๋ฐ๋ก ์ง์ ํํ์ธ์ง ํ์ธ(BEST)
B "ํ๋จ ํ๋ก์ฐ"์์ ๋๋๊ณ ์๋ฐ๋ฅ/์์ฒ์ฅ์ ํํ๊ฐ ๋ณด์ธ๋ค๋ฉด ํ์ํ๋ ์์ ํ๋จ๊ณ ๋์ด๋๊ฑธ ์ถ์ฒ (๋ฉ์ธํ๋ ์์ด ์๋ ํ๋ฅ ์ด ์์)
๐4. "2๋ค์ด์" or "3๋ค์ด์"
A "์/์ค/ํ๋จ ํ๋ก์ฐ"๊ฐ ๋์์ ๋ค์ด์๊ฐ ๋ฐ์ํ๋ ๊ฒฝ์ฐ ๊ฐํ ์ถ์ธ์ ํ์ ์ ํธ๋ก ๋ณผ ์์์
๐ฅ "Jaedie ๋ค์ด๋ฒ ๋ฐ์ ์" ๐ฅ
์์ 1,2,3,4 ํญ๋ชฉ๋ค๊ณผ ์ค์ฒฉํ์ฌ ์ฌ์ฉํ์ฌ ์ถ์ธ๋ฅผ ํ๋จ
์บ๋ค์ด ๋น์ ์๋ ๋์ค or ๊ด์ฑ์ด ๋๋์ง ์์ ๋์ค ๋ฐ๋ํฌ์ง์
์ง์
์ ์์ ํฉ์๋ค
์ถฉ๋ถํ ์ ์ฐํ ๊ณก์ ์ผ๋ก ๊ทธ๋ ค์ง ๊ฒฝ์ฐ + ๋ค์ด๋ฒ๊ฐ ์ถ๊ฐ ๋ ๊ฒฝ์ฐ ํฌ์ง์
์ง์
์ ํ๋ ๋งค๋งค์ต๊ด์ ๋ค์
์๋ค
WMA Elliott Wave Oscillator V1.5 [2022]WMA Elliott Wave Oscillator V1.5 Indicator full information
WMA Elliott Wave Oscillator V1.5 has been developed from Moving Average Weight, Elliott Wave , and Down Theory. Itโs for the technical analysis users describe the movement price on the present market. Itโs different from others because we want to process with the Moving Average Weight ( WMA ) formulas
We decided to adjust our unique reading platform to WMA Elliott Wave Oscillator V1.5 we have been developed to clarify the adjustment of the value and the price for clarifying adjustment of the value and the price from the zero line. Itโs the main dividing between the buy price line and the selling price line.
When the green candlestick stands above the zero line that means Uptrend.
When the red candlestick is below the zero line that means a Downtrend.
WMA Elliott Wave Oscillator V1.5 is useful for clearing up or down trading types with horizontal line colors
Smart Bottom SignalThis indicator is used to find temporary bottoms that are validated with a subsequent candle that closes above the high. The indicator is based on elliott wave theory and tries to signal entries on wave lows. It triggers off of code from " TD D-Wave" 0, 2, 4, A, and C bull wave lows by finding a candle with a close higher that the high of the lowest wave candle or the high of a bullish candle that first breaks above the 8EMA. Green arrows will plot on close indicating that the indicator was triggered.
There are 3 options for display of plots provided:
ShowSmartSigs - This is defaulted to true (display) and allows users to toggle the green arrow alert plots on/off that appear below the candle when triggered.
ShowOnOffPlots - This is logic I use to signal a downturn/upturn and is indicated by red/green arrows appearing above the trigger candle.
ShowBounceSigs - This is defaulted to false and would show as an orange arrow under a candle where a bullish candle first climbs above the 8EMA when ShowOnOffPlots is signaling a downturn and SlowtSochastics is below 21. The SlowStochastics settings are adjustable on the settings screen and default to 21,3.
Alerts Available:
"Smart Buy Bounce" - This alert fires when the ShowSmartSigs signal is triggered.
"Buy Bounce" - This alert fires when the ShowBounceSigs signal is triggered.
"Turn Off Bots"/"Turn On Bots" - This alert fires when the ShowOnOffPlots signals are triggered. I use this to turn off shorter timeframe (15m-1H) bots during a prolonged price drop.
This is an early prototype that is filtered to the following tested cryptos against the specified chart timeframes and using the expressed target/trail/stoploss logic.
CRYPTO Target:Trail:StopLoss TImeframe(H)
FTM 3:2.9T:4 6
AXS 3:2.9T:4 6
AVAX 3:2.9T:4 6
MANA 3:2.9T:4 6
ONE 5:2T:2.5 4
MATIC 3:2.9T:2.5 6
XTZ 3:2.9T:4 8
