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Wavechart

NEoWave Chart Cash Data The NEoWave Chart Cash Data indicator is an efficient tool for generating wave charts or cash data based on the NeoWave method, benefiting not only NeoWave analysts but also Elliott Wave practitioners. This indicator produces cash data with exceptional precision. Developed by Glenn Neely, NeoWave is considered a more complete, scientific, and innovative iteration of the Elliott Wave theory. This method relies on a specialized chart known as a "wave chart" or "cash data," which, when drawn manually by recording the highest and lowest prices in their order of occurrence, is a complex and time-consuming process. However, this indicator automatically and in real-time identifies the highest and lowest prices for any symbol and time frame, plotting them in sequence. For instance, in a daily time frame, it separates each month's data and prepares a "monthly cash data chart" for analysis using the NeoWave method. Fully compatible with all account types, this tool enables the creation of cash data across various time frames (from minutes to years) and customizable scales. Its standout features include real-time updates, watermarking capabilities, display of useful data in tables, detection of suspicious monowaves (where the highest and lowest prices occur within the same candlestick), simultaneous display of two cash data charts with different time frames, and the ability to view cash data for any desired time period. CASH DATA TIMEFRAMES The core feature of this indicator is CASH DATA TIMEFRAMES, which generates and displays Cash Data based on your base timeframe. Here’s how it works: .1 Minute ("1"): Cash Data: 5, 10, 15, 30, 60, 120, 180 minutes .3 Minutes ("3"): Cash Data: 30, 60, 120, 180, 240 minutes .5 Minutes ("5"): Cash Data: 30, 60, 120, 180, 240 minutes, 1 day (1D) .15 Minutes ("15"): Cash Data: 120, 180, 240 minutes, 1 day (1D), 2 days (2D), 3 days (3D) .30 Minutes ("30"): Cash Data: 180, 240 minutes, 1 day (1D), 2 days (2D), 3 days (3D), 1 week (1W) .1 Hour ("60"): Cash Data: 1 day (1D), 2 days (2D), 3 days (3D), 1 week (1W), 2 weeks (2W) .2 Hours ("120"): Cash Data: 1 day (1D), 2 days (2D), 3 days (3D), 1 week (1W), 2 weeks (2W), 1 month (1M) .3 Hours ("180"): Cash Data: 1 day (1D), 2 days (2D), 3 days (3D), 1 week (1W), 2 weeks (2W), 1 month (1M) .4 Hours ("240"): Cash Data: 2 days (2D), 3 days (3D), 1 week (1W), 2 weeks (2W), 1 month (1M), 2 months (2M) .Daily ("D"): Cash Data: 1 week (1W), 2 weeks (2W), 1 month (1M), 2 months (2M), 3 months (3M), 6 months (6M), 12 months (12M) .Weekly ("W"): Cash Data: 2 months (2M), 3 months (3M), 6 months (6M) .Monthly ("M"): Cash Data: 6 months (6M), 12 months (12M) Suspicious monowaves Suspicious monowaves, visible in the "Inputs" section under the label "Sus Monowaves," are highlighted in red upon detection. This occurs when the highest and lowest prices within a given time period appear in a single candlestick. As illustrated, suspicious monowaves are marked with red squares, and the candlestick indicated by a red arrow is the trigger for identifying these monowaves. In such instances, our indicator automatically plots the monowaves with high precision. This feature is tailored for users seeking cash data of the utmost accuracy. Whenever these monowaves appear on the chart, it is recommended that users examine the suspicious monowaves in a lower time frame for further analysis. Other Cash Data TF One of the key features of this indicator is the "Other Cash Data TF" option, which, when enabled, allows you to create two cash data charts with different time frames within your base time frame. This feature becomes particularly useful when, for example, your base time frame is daily, and you’ve identified a pattern like a zigzag in the monthly cash data. To confirm this pattern, you need to examine the internal waves A and C to determine whether they are impulsive. By activating this option and setting "Other TF" to a weekly time frame, you can easily analyze the internal waves of your chosen wave without altering the base time frame. When this option is activated, a column is added to the table, indicating that the "Base TF" is daily, "Cash Data TF" is monthly, and "Other Cash Data TF" is weekly (as shown in the image below). Other features of the indicator include: .A Table providing useful information such as the symbol, base time frame, cash data time frame (Cash Data TF), number of monowaves, and live price. .Customizable options for the table (including color, size, and column removal), watermark, cash data lines, suspicious monowaves, and more. .A Time Separator that divides the chart into equal periods. .The ability to add a watermark.
Penunjuk Pine Script®
oleh NEoWave-Chart
3
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
Penunjuk Pine Script®
oleh modhelius
20
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
Penunjuk Pine Script®
oleh modhelius
88