Cash Data (NeoWave)NeoWave: Cash Data: @MikhePool channel
The NeoWave Chart - cash data: indicator is a technical analysis tool designed to visualize significant price movements by drawing dynamic lines between key highs and lows on the chart. Using a user-defined resolution, the indicator identifies new bars and connects the highest high and lowest low within each segment, updating the lines in real-time as new data becomes available. All lines are rendered in black, providing a clean and consistent visual representation of price action without color-coded directional bias. This tool is particularly useful for traders and analysts employing NeoWave theory or similar methodologies, as it helps identify structural patterns and trends in the market.
Plotter
CashDataPloter Tihs indicator is able to draw cash data for :
• Annual timeframe
• Monthly, 3month, 6 month timeframe
• weekly, 2 week timeframe
• daily, 2 day, 3 day timeframe
• 6 hour, 12 hour timeframe
• 4 hour, 8 hour timeframe
• 1 hour, 2 hour, 3 hour timeframe
• 5 minute, 10 minute, 15 minute, 30 minute timeframe
other options :
• displaying information table of cash data
• choosing of cash data thickness
• choosing of bulish Monowaves color
• choosing of bearish Monowaves color
• choosing of connecting Monowaves color
Wave Chart v1##Wave Chart v1##
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
##How To Use##
if you want a weekly chart you drop the time frame to the daily chart.
Then you set the range to 7(if the market opens 7 days per week).
Then you click "highlight the bar that runs to plot" and you must shift the highlight to the last day that the weekly chart bar close(Sunday / Friday)
##Example 1
Weekly chart BTCUSDT on BINANCE
first open daily chart, set range = 7 and Bars_shift = 3 (shift highlight to Sunday)
##Example 2
Weekly chart XAUUSD on FXOPEN
first open daily chart, set range = 5 (market open 5 days per week) and Bars_shift = 1 (shift highlight to Friday)
##Note##
If the market has a special holiday Wave Chart may be inaccurate.
