This is Bollinger Band built on top of Zigzags instead of regular price + something more. Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement. Middle line is moving average of last N zigzag pivots Lines adjacent to moving average are also moving averages. But, they are...
What is it? This is an indicator to complement @modhelius' Weis Wave Volume Indicator. Original code has been modified to display wave volume (cumulative) numbers above or below the latest candle of the corresponding wave on the main pane. Since we are concerned only with relative volume, VOLUME NUMBERS HAVE BEEN SCALED DOWN. (If you need actual volume numbers,...
Lets dabble a bit into Elliot Waves. This is a simple script which tries to identify Wave 1 and 2 of Elliot Impulese Wave and then projects for Wave 3. Ratios are taken from below link: elliottwave-forecast.com - Section 3.1 Impulse Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 - used for identifying the pattern. Wave 3 is 161.8%, 200%, 261.8%, or...
™TradeChartist Catalyst is an elegant script that combines Catalyst Trade Bands and automatic ZigZag/Fibonacci plots using an original logic to help users interact in a visually engaging and meaningful way with the charts. =================================================================================================================== ™TradeChartist Catalyst...
Hi fellow traders.. Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels... The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts Uses Tables (dynamica resizing) for the scanner output instead of standard labels! This Screener cum indicator collection has...
Fibonacci time zones, based on the Fibonacci number sequence, are vertical lines that represent potential areas where a swing high, low, or reversal could occur. Trend-Based Fib Time shows probable price corrections in an existing trend. A useful tool to use in addition to Elliot Wave counting, Fib Time helps to identify how far the wave is likely to travel ...
The Zig Zag indicator is a useful indicator when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs. This...
This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code. Few possible improvements: Use label array to mark HH, HL, LH and LL Add standard deviation check
How to detect the current "market beat" or market cycle? A common way to capture the current dominant cycle length is to detrend the price and look for common rhythms in the detrended series. A common approach is to use a Detrended Price Oscillator (DPO). This is done in order to identify and isolate short-term cycles. A basic DPO description can be found...
Overview, Features, and Usage: The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts. What makes this...
Overview of Features The Pivot Detective is an indicator that simply highlights the waves of the market by identifying the pivot highs and pivot lows by using shapes and zigzag lines. What makes this indicator unique is that you do not have to specify the number of bars to the left or right side of the pivots (aka pivot strength), nor do you need to specify...
This script uses the Average Direction Index, On Balance Volume, and Exponential Moving Average, Moving Average Cross, MACD, Donchian Channels and two Parabolic SARs for stop loss, a normal one and a line one. I tried to make the script as straightforward as possible, Buy when there is a buy signal and sell when there is a sell signal. I like using it on the...
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag. Common setting options, applied to all components of the study Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to...
Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ This study combines various Fibonacci concepts into one, and some basic volume and volatility indications █ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several...
Generate a small line according to the pattern of the K-line, where green represents long and red represents short; (we call it pen) then according to the small line segment, a large line(we call it line) is generated according to the new high or new low rule; (we call it line) finally, a rectangle is generated according to the overlap interval of the large...
Indicator description: The Avatar indicator is to provide trading insights including trend and momentum, reversal points, Fibonacci retracement, and projections of future reversal or breakout levels. Avatar is four indicators built into one. Trend power: shows strength of trend and a change in momentum. Red: The trend has been determined and is short ...
Fibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on...