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Waves

CDV Momentum WaveDescription: This indicator visualizes the Cumulative Delta Volume (CDV) as waves, providing traders with insights into the momentum and strength of buying and selling activity. By tracking the cumulative difference between buying and selling pressure, it highlights shifts in market sentiment with color-coded wave patterns. How to Use: Spot Momentum: Green waves signify strong buying pressure, while red waves indicate dominant selling pressure. Blue and orange waves mark transitions or weaker momentum. Trend Analysis: Persistent color and direction in waves reflect a strong trend, while frequent shifts may signal reversals or consolidation. Sensitivity Adjustment: Use the mul2 setting to fine-tune wave responsiveness for short-term or long-term analysis. Wave Position Adjustment: The osx setting adjusts the visual placement of the waves on the chart. By default (osx = 0), the waves are aligned directly with the candle data they are calculated from. Increasing osx shifts the waves forward. Decreasing osx shifts the waves backward. This tool helps traders detect momentum shifts, confirm trends, and understand volume dynamics in various market conditions.
مؤشرات Pine Script™
من ‎farkasszilard‎
WavesLibrary "Waves" Methods for elliot wave detection method delete(this)   deletes the subwave drawing   Namespace types: Subwave   Parameters:      this (Subwave) : Subwave object to be deleted   Returns: deleted subwave object method delete(this)   deletes the wave drawing and the corresponding subwaves   Namespace types: Wave   Parameters:      this (Wave) : Wave object to be deleted   Returns: deleted wave object method createWave(pivot, lineColor, waves, limit)   Create wave object   Namespace types: zg.Pivot   Parameters:      pivot (Pivot type from Trendoscope/Zigzag/7) : pivot object where the wave needs to be created      lineColor (color) : color of the wave to be drawn      waves (array) : array of existing waves      limit (int) : max number of waves to be shown in the chart   Returns: wave object created method createSubWaves(wave, subwavePivots)   Create sub waves for the wave   Namespace types: Wave   Parameters:      wave (Wave)      subwavePivots (array) : array of sub wave pivots   Returns: wave object created method draw(subWave)   Draw subwave   Namespace types: Subwave   Parameters:      subWave (Subwave)   Returns: subwsubWave object method draw(wave, limitSubwaves)   Draw Wave   Namespace types: Wave   Parameters:      wave (Wave) : Wave object to be drawn      limitSubwaves (bool) : limit the number of subwave combinations within the wave   Returns: wave object method checkMotiveWave(prices)   based on the price array, check if there is motive wave and identify the type   Namespace types: array   Parameters:      prices (array) : float array of prices   Returns: WaveType representing the identified wave type. na otherwise method scanMotiveWave(pivot, lastPivot, existingWaves, allowedTypes)   Scan for motive wave   Namespace types: zg.Pivot   Parameters:      pivot (Pivot type from Trendoscope/Zigzag/7) : Zigzag pivot that will be checked for motive wave      lastPivot (Pivot type from Trendoscope/Zigzag/7) : previous Zigzag pivot      existingWaves (array) : array of existing waves      allowedTypes (array) : allowed Wave types to filter them   Returns: array of subwave pivots SubwavePivots   SubwavePivots represents the sub pivots of the main wave   Fields:      waveType (series WaveType) : Type of the Wave      indices (array) : Bar index values of sub waves      subPivots (array type from Trendoscope/Zigzag/7) : sub pivot objects of the wave Subwave   Subwave represents the drawing of sub waves   Fields:      waves (array type from Trendoscope/Drawing/1) : array of sub wave lines      points (array type from Trendoscope/Drawing/1) : Array of subwave pivot labels      subwavePivots (SubwavePivots) : array of subwave pivots being drawn Wave   Wave object type   Fields:      pivot (Pivot type from Trendoscope/Zigzag/7) : starting point of the wave      wave (Line type from Trendoscope/Drawing/1) : Line representing the wave      waveLabel (Label type from Trendoscope/Drawing/1) : label containing wave details      subWaves (array) : array of sub waves
مكتبة Pine Script™
من ‎Trendoscope‎
Butterfly Harmonic Pattern [TradingFinder] Harmonic Detector🔵 Introduction The Butterfly Harmonic Pattern is a sophisticated and highly regarded tool in technical analysis, utilized by traders to identify potential reversal points in the financial markets. This pattern is distinguished by its reliance on Fibonacci ratios and geometric configurations, which aid in predicting price movements with remarkable precision. The origin of the Butterfly Harmonic Pattern can be traced back to the pioneering work of Bryce Gilmore, who is credited with discovering this pattern. Gilmore's extensive research and expertise in Fibonacci ratios laid the groundwork for the identification and application of this pattern in technical analysis. The Butterfly pattern, like other harmonic patterns, is based on the principle that market movements are not random but follow specific structures and ratios. The pattern is characterized by a distinct "M" shape in bullish scenarios and a "W" shape in bearish scenarios, each indicating a potential reversal point. These formations are identified by specific Fibonacci retracement and extension levels, making the Butterfly pattern a powerful tool for traders seeking to capitalize on market turning points. The precise nature of the Butterfly pattern allows for the accurate prediction of target prices and the establishment of strategic entry and exit points, making it an indispensable component of a trader's analytical arsenal. Bullish : Bearish : 🔵 How to Use Like other harmonic patterns, the Butterfly pattern is categorized based on how it forms at the end of an uptrend or downtrend. Unlike the Gartley and Bat patterns, the Butterfly pattern, similar to the Crab pattern, forms outside the wave 3 range at the end of a rally. 🟣 Types of Butterfly Harmonic Patterns 🟣 Bullish Butterfly Pattern This pattern forms at the end of a downtrend and leads to a trend reversal from a downtrend to an uptrend. 🟣 Bearish Butterfly Pattern In contrast to the Bullish Butterfly pattern, this pattern forms at the end of an uptrend and warns analysts of a trend reversal to a downtrend. In this case, traders are encouraged to shift their trading stance from buy trades to sell trades. Advantages and Limitations of the Butterfly Pattern in Technical Analysis : The Butterfly pattern is considered one of the precise and stable tools in financial market analysis. However, it is always important to pay special attention to the advantages and limitations of each pattern. Here, we review the advantages and disadvantages of using the Butterfly harmonic pattern : The main advantage of the Butterfly pattern is providing very accurate signals. Using Fibonacci golden ratios and geometric rules, the Butterfly pattern identifies patterns accurately and systematically. (This high accuracy significantly helps investors in making trading decisions.) Identifying this pattern requires expertise and experience in technical analysis. Recognizing the Butterfly pattern might be complex for beginner traders. (Correct identification of the pattern necessitates mastery over geometric principles and Fibonacci ratios.) The Butterfly harmonic pattern might issue false trading signals. (Traders usually combine the Butterfly pattern with other technical tools to confirm buy and sell signals.) 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
مؤشرات Pine Script™
من ‎TFlab‎
Vlad Waves█ CONCEPT Acceleration Line (Blue) The Acceleration Line is calculated as the difference between the 8-period SMA and the 20-period SMA. This line helps to identify the momentum and potential turning points in the market. Signal Line (Red) The Signal Line is an 8-period SMA of the Acceleration Line. This line smooths out the Acceleration Line to generate clearer signals. Long-Term Average (Green) The Long-Term Average is a 200-period SMA of the Acceleration Line. This line provides a broader context of the market trend, helping to distinguish between long-term and short-term movements. █ SIGNALS Buy Mode A buy signal occurs when the Acceleration Line crosses above the Signal Line while below the Long-Term Average. This indicates a potential bullish reversal in the market. When the Signal Line crosses the Acceleration Line above the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks. Sell Mode A sell signal occurs when the Acceleration Line crosses below the Signal Line while above the Long-Term Average. This indicates a potential bearish reversal in the market. When the Signal Line crosses the Acceleration Line below the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks. █ UTILITY This indicator is not recommended for standalone buy or sell signals. Instead, it is designed to identify market cycles and turning points, aiding in the decision-making process. Entry signals are most effective when they occur away from the Long-Term Average, as this helps to avoid sideways movements. Use larger timeframes, such as daily or weekly charts, for better accuracy and reliability of the signals. █ CREDITS The idea for this indicator came from Fabio Figueiredo (Vlad).
مؤشرات Pine Script™
من ‎gabasco‎
Bullish Wave StructureThis indicator visualizes bullish waves and the uptrend structure. It highlights the wave patterns, breakout levels, and swing highs and lows, distinguishing major and minor swings. The script also incorporates labels to denote trend and wave numbers, enhancing clarity in trend and wave identification. The waves plotted on the chart aid in chart study, trend analysis, and decision-making. Drawing objects on the chart are customizable. ## Fundamental Trend Assumptions A trend starts when there is a break above a major swing high. There is then a first wave. Subsequent waves are validated when there is a break above the high of the preceding wave and another major swing high is detected. The trend ends when the price trades below the swing low of the latest wave. ## Wave drawing mechanism The drawing of a wave occurs when: There is a break above a major swing high (or the high of a wave) and another major swing high is detected. There is a break above a major swing high (or the high of a wave) and the price collapses below the lowest point between the highest high and the high of the previous wave. The script treats this false break high as a legitimate bullish wave, even if no major swing high has been detected. The trend ends because the low of the current wave has been breached. This is a false break high that falls back within the range of the preceding wave. There is a break above a major swing high (or the high of a wave) and the price collapses below the low of the preceding wave. The script treats this false break high as a legitimate bullish wave, even if no major swing high has been detected. The trend ends because the low of the preceding wave has been breached. This is a false break high followed by a sharp sell-off. In short, the script draws the wave if there is a break above a major swing high (or the high of a wave) and another swing high is detected (or there is a break below the low of a wave). ## Remarks While lower timeframes could benefit from this indicator, it shows clearer wave and trend structures in higher timeframes, starting from the 1H chart. This indicator does not provide price projections. The drawing occurs after the price patterns have been unveiled. In other words, it draws waves and performs labeling in hindsight. However, users can fully benefit from the indicator for trend study and various technical analyses to support trading decisions, as explained in the description above. ## Acknowledgement The script uses user-defined functions to look back and find indexes of the highest and lowest values when no swings have been found (i.e., one-bar false break high and collapse). The detection of regular minor and major swings has been accomplished by the built-in functions: ta.pivothigh() [Pine Script Language Reference Manual — TradingView (www.tradingview.com) ta.pivotlow() [Pine Script Language Reference Manual — TradingView (www.tradingview.com)
مؤشرات Pine Script™
من ‎Trader_KAMP_TH‎
5
Wolfe Wave Detector [LuxAlgo]The Wolfe Wave Detector displays occurrences of Wolfe Waves, alongside a target line. A multiple swing detection approach is used to maximize the number of detected waves. The indicator includes a dashboard with the number of detected waves, as well as the number of reached targets. 🔶 USAGE The Wolfe Wave pattern is a chart pattern composed of five segments, with the initial segment extremities (points XABCD) forming a channel containing price variations. After the price reaches point D , we can expect a reversal toward a target line (point E ). The target line is obtained by connecting and extending point X -> C . The script draws the XABCD pattern and a projection of where E might potentially be located. The projection is derived from the intersection between the target line and a line starting from D , parallel to B-C . From this line, margins are added, left and right, creating a wedge-shaped figure in most cases. When the price passes the target line, this is highlighted by a dot. The dot and pattern are green by default when the target is above D and red when the target is below D . Colors can be edited in the settings. The dashed target line is colored in the opposite color. As seen in the above example, the price trend can reverse after reaching the target line. 🔹 Symmetry Ideally, the Wolfe Wave must have a degree of symmetry; every upward line should have a similar angle to the other upward lines, and the same should be true for the downward lines. Also, the lines forming the channel should be as parallel as possible. Users have the option to adjust the tolerance: Margin controls the wave symmetry of the pattern Angle controls the channel symmetry of the pattern It's important to note that in both cases, a lower number will lead to more symmetrical patterns, but they may appear less frequently. It is also important to note that increasing the Margin can delay validating the pattern. In the meantime, the price could surpass the channel in the opposite direction, invalidating and deleting the otherwise valid pattern. 🔹 Multiple Swings Users can set a Minimum Swing length (for example 2) and a Maximum Swing length (for example 100) which defines the range of the swing point detection length, higher values for these settings will detect longer-term Wolfe patterns, while a larger range will allow for the detection of a larger number of patterns. By using multiple swings, it is possible to find smaller next to larger patterns at the same time. The dashboard shows the number of patterns found and targets reached. When, for example, bullish patterns are disabled in the settings, the dashboard only shows the results of bearish patterns. 🔹 Extend Target Line The publication includes a setting that allows the Target Line to be extended up to 50 bars further. As seen in the above example, the Target Line can still be reached even after the pattern has been finalized. Once the Target Line is reached, it won't be updated further. Here is another example of a Target Line being reached later on. The Target Line acted as a support level, after which where the price changed direction. 🔹 Show Progression An option is included to show the progression before the pattern is completed. Users can make use of the XABC pattern or visualize where point D should be positioned. The focus lies on the bar range (between the left and right borders of the grey rectangle). The pattern is considered invalid and deleted when point D is beyond these limits. The height of the rectangle is optional. Ideally, the price should be located between the top and bottom of the rectangle, but it is not mandatory. Show Progression has three options including: Full: Show all lines of XABC plus line C-D and rectangle for the position of point D Partial: Show line C-D and rectangle for the position of point D None: Only show valid completed patterns The 'Partial' option in the 'Show Progression' feature is designed to help users locate the desired position of point D without the visual clutter caused by the XABC lines. This can be useful for those who prefer a cleaner visual representation of the evolving pattern. 🔶 SETTINGS 🔹 Swing Length Minimum: Minimum length used for the swing detection. Maximum Swing Length: Maximum length used for the swing detection. 🔹 Tolerance Margin: Influences the symmetry of the pattern; with a higher number allowing for less symmetry. Angle: Influences the symmetry of the channel; with a higher number allowing for less symmetry. 🔹 Style Toggle: Bullish/Bearish + colors Extend Target Line: Extend a maximum of 50 bars or until Target Line is reached Show Progression: Show pattern progression Dot Size: The size of the dot when the Target Line is reached 🔹 Dashboard Show Dashboard: Toggle dashboard which shows the number of found patterns and targets reached. Location: Location of the dashboard on the chart. Text Size: Text size. 🔹 Calculation Calculated Bars: Allows the usage of fewer bars for performance/speed improvement
مؤشرات Pine Script™
من ‎LuxAlgo‎
4
Ichimoku Theories [LuxAlgo]The Ichimoku Theories indicator is the most complete Ichimoku tool you will ever need. Four tools combined into one to harness all the power of Ichimoku Kinkō Hyō. This tool features the following concepts based on the work of Goichi Hosoda: Ichimoku Kinkō Hyō: Original Ichimoku indicator with its five main lines and kumo. Time Theory: automatic time cycle identification and forecasting to understand market timing. Wave Theory: automatic wave identification to understand market structure. Price Theory: automatic identification of developing N waves and possible price targets to understand future price behavior. 🔶 ICHIMOKU KINKŌ HYŌ Ichimoku with lines only, Kumo only and both together Let us start with the basics: the Ichimoku original indicator is a tool to understand the market, not to predict it, it is a trend-following tool, so it is best used in trending markets. Ichimoku tells us what is happening in the market and what may happen next, the aim of the tool is to provide market understanding, not trading signals. The tool is based on calculating the mid-point between the high and low of three pre-defined ranges as the equilibrium price for short (9 periods), medium (26 periods), and long (52 periods) time horizons: Tenkan sen: middle point of the range of the last 9 candles Kinjun sen: middle point of the range of the last 26 candles Senkou span A: middle point between Tankan Sen and Kijun Sen, plotted 26 candles into the future Senkou span B: midpoint of the range of the last 52 candles, plotted 26 candles into the future Chikou span: closing price plotted 26 candles into the past Kumo: area between Senkou pans A and B (kumo means cloud in Japanese) The most basic use of the tool is to use the Kumo as an area of possible support or resistance. 🔶 TIME THEORY Current cycles and forecast Time theory is a critical concept used to identify historical and current market cycles, and use these to forecast the next ones. This concept is based on the Kihon Suchi (translating to "Basic Numbers" in Japanese), these are 9 and 26, and from their combinations we obtain the following sequence: 9, 17, 26, 33, 42, 51, 65, 76, 129, 172, 200, 257 The main idea is that the market moves in cycles with periods set by the Kihon Suchi sequence. When the cycle has the same exact periods, we obtain the Taito Suchi (translating to "Same Number" in Japanese). This tool allows traders to identify historical and current market cycles and forecast the next one. 🔹 Time Cycle Identification Presentation of 4 different modes: SWINGS, HIGHS, KINJUN, and WAVES . The tool draws a horizontal line at the bottom of the chart showing the cycles detected and their size. The following settings are used: Time Cycle Mode: up to 7 different modes Wave Cycle: Which wave to use when WAVE mode is selected, only active waves in the Wave Theory settings will be used. Show Time Cycles: keep a cleaner chart by disabling cycles visualisation Show last X time cycles: how many cycles to display 🔹 Time Cycle Forecast Showcasing the two forecasting patterns: Kihon Suchi and Taito Suchi The tool plots horizontal lines, a solid anchor line, and several dotted forecast lines. The following settings are used: Show time cycle forecast: to keep things clean Forecast Pattern: comes in two flavors Kihon Suchi plots a line from the anchor at each number in the Kihon Suchi sequence. Taito Suchi plot lines from the anchor with the same size detected in the anchored cycle Anchor forecast on last X time cycle: traders can place the anchor in any detected cycle 🔶 WAVE THEORY All waves activated with overlapping The main idea behind this theory is that markets move like waves in the sea, back and forth (making swing lows and highs). Understanding the current market structure is key to having realistic expectations of what the market may do next. The waves are divided into Simple and Complex. The following settings are used: Basic Waves: allows traders to activate waves I, V and N Complex Waves: allows traders to activate waves P, Y and W Overlapping waves: to avoid missing out on any of the waves activated Show last X waves: how many waves will be displayed 🔹 Basic Waves The three basic waves The basic waves from which all waves are made are I, V, and N I wave: one leg moves V wave: two legs move, one against the other N wave: Three legs move, push, pull back, and another push 🔹 Complex Waves Three complex waves There are other waves like P wave: contracting market Y wave: expanding market W wave: double top or double bottom 🔶 PRICE THEORY All targets for the current N wave with their calculations This theory is based on identifying developing N waves and predicting potential price targets based on that developing wave. The tool displays 4 basic targets (V, E, N, and NT) and 3 extended targets (2E and 3E) according to the calculations shown in the chart above. Traders can enable or disable each target in the settings panel. 🔶 USING EVERYTHING TOGETHER Please DON'T do this. This is not how you use it Now the real example: Daily chart of Nasdaq 100 futures (NQ1!) with our Ichimoku analysis Time, waves, and price theories go together as one: First, we identify the current time cycles and wave structure. Then we forecast the next cycle and possible key price levels. We identify a Taito Suchi with both legs of exactly 41 candles on each I wave, both together forming a V wave, the last two I waves are part of a developing N wave, and the time cycle of the first one is 191 candles. We forecast this cycle into the future and get 22nd April as a key date, so in 6 trading days (as of this writing) the market would have completed another Taito Suchi pattern if a new wave and time cycle starts. As we have a developing N wave we can see the potential price targets, the price is actually between the NT and V targets. We have a bullish Kumo and the price is touching it, if this Kumo provides enough support for the price to go further, the market could reach N or E targets. So we have identified the cycle and wave, our expectations are that the current cycle is another Taito Suchi and the current wave is an N wave, the first I wave went for 191 candles, and we expect the second and third I waves together to amount to 191 candles, so in theory the N wave would complete in the next 6 trading days making a swing high. If this is indeed the case, the price could reach the V target (it is almost there) or even the N target if the bulls have the necessary strength. We do not predict the future, we can only aim to understand the current market conditions and have future expectations of when (time), how (wave), and where (price) the market will make the next turning point where one side of the market overcomes the other (bulls vs bears). To generate this chart, we change the following settings from the default ones: Swing length: 64 Show lines: disabled Forecast pattern: TAITO SUCHI Anchor forecast: 2 Show last time cycles: 5 I WAVE: enabled N WAVE: disabled Show last waves: 5 🔶 SETTINGS Show Swing Highs & Lows: Enable/Disable points on swing highs and swing lows. Swing Length: Number of candles to confirm a swing high or swing low. A higher number detects larger swings. 🔹 Ichimoku Kinkō Hyō Show Lines: Enable/Disable the 5 Ichimoku lines: Kijun sen, Tenkan sen, Senkou span A & B and Chikou Span. Show Kumo: Enable/Disable the Kumo (cloud). The Kumo is formed by 2 lines: Senkou Span A and Senkou Span B. Tenkan Sen Length: Number of candles for Tenkan Sen calculation. Kinjun Sen Length: Number of candles for the Kijun Sen calculation. Senkou Span B Length: Number of candles for Senkou Span B calculation. Chikou & Senkou Offset: Number of candles for Chikou and Senkou Span calculation. Chikou Span is plotted in the past, and Senkou Span A & B in the future. 🔹 Time Theory Show Time Cycle Forecast: Enable/Disable time cycle forecast vertical lines. Disable for better performance. Forecast Pattern: Choose between two patterns: Kihon Suchi (basic numbers) or Taito Suchi (equal numbers). Anchor forecast on last X time cycle: Number of time cycles in the past to anchor the time cycle forecast. The larger the number, the deeper in the past the anchor will be. Time Cycle Mode: Choose from 7 time cycle detection modes: Tenkan Sen cross, Kijun Sen cross, Kumo change between bullish & bearish, swing highs only, swing lows only, both swing highs & lows and wave detection. Wave Cycle: Choose which type of wave to detect from 6 different wave types when the time cycle mode is set to WAVES. Show Time Cycles: Enable/Disable time cycle horizontal lines. Disable for better performance. how last X time cycles: Maximum number of time cycles to display. 🔹 Wave Theory Basic Waves: Enable/Disable the display of basic waves, all at once or one at a time. Disable for better performance. Complex Waves: Enable/Disable complex wave display, all at once or one by one. Disable for better performance. Overlapping Waves: Enable/Disable the display of waves ending on the same swing point. Show last X waves: 'Maximum number of waves to display. 🔹 Price Theory Basic Targets: Enable/Disable horizontal price target lines. Disable for better performance. Extended Targets: Enable/Disable extended price target horizontal lines. Disable for better performance.
مؤشرات Pine Script™
من ‎LuxAlgo‎
37
RSI Momentum Waves [Quantigenics]RSI Momentum Waves Indicator The RSI Momentum Waves Indicator is your intuitive tool for visualizing market strength and trend persistence. It refines the classic RSI by smoothing the data with Exponential Moving Averages (EMAs), which help clear out the noise to give you a more accurate picture of where the market’s heading. The parameters - RSI Period, Smoothing Period, Overbought, Oversold, Upper Neutral Zone, and Lower Neutral Zone - are all adjustable, so you can tailor the indicator to different market conditions or your trading style. How It Works: RSI Period (RsiPer): Adjusts how far back the RSI looks to calculate its value, affecting its sensitivity. Smoothing Period (SmoothPer): Dictates how smooth the EMA lines are, balancing between sensitivity and noise reduction. Overbought (OBLevel) / Oversold (OSLevel) Levels: Set the thresholds where the market might be too stretched in either direction and due for a reversal. Neutral Zones (UpperNZ / LowerNZ): Define the areas where the market is considered neutral, and trend strength is less clear. Trading Instructions: Use the RSI Momentum Waves to gain insights into the market’s momentum and make informed decisions: For Trend Identification: If the waves are consistently above the 50 line and climbing, the market may be bullish; if below and declining, bearish signals are suggested. Overbought and Oversold Regions: Entering these areas might indicate a potential reversal. A peak and downturn in the overbought region can signal a sell, while a trough and upturn in the oversold region can indicate a buy. Neutral Zone Caution: In the neutral zones, exercise caution and wait for a breakout in either direction for stronger signals. Confirm with Other Analysis: Never rely solely on one indicator. Confirm the RSI Momentum Waves signals with other technical indicators or fundamental analysis for best practices. Remember, the goal is to detect the rhythm of the market’s momentum and act accordingly. Happy trading!
مؤشرات Pine Script™
من ‎Quantigenics‎
MACD 4C with DivergenceMACD 4C Indicator with Divergence This indicator, named MACD 4C, enhances the traditional MACD (Moving Average Convergence Divergence) by providing a visually intuitive representation with four distinct colors for the histogram bars. It offers a clear interpretation of market momentum and potential trend reversals. Key Features: Customizable Parameters: Users can adjust the fast and slow moving average periods along with the signal smoothing parameter to tailor the indicator to their preferred trading style and market conditions. Four-color Histogram: The histogram bars are color-coded for easy interpretation. Lime and green bars indicate increasing bullish momentum, while maroon and red bars signify increasing bearish momentum. Bullish and Bearish Divergence Detection: The indicator identifies bullish and bearish divergences between the MACD histogram and price action. Bullish divergence occurs when the price makes a lower low while the MACD histogram forms a higher low, indicating potential bullish reversal. Conversely, bearish divergence occurs when the price makes a higher high while the MACD histogram forms a lower high, suggesting a potential bearish reversal. How to Use: Trend Confirmation: Monitor the color of the histogram bars. A series of green (or lime) bars suggests a strengthening bullish trend, while a series of red (or maroon) bars indicates a strengthening bearish trend. Divergence Identification: Watch for divergences between the MACD histogram and price action. Bullish divergence may signal a potential bullish reversal, while bearish divergence may indicate a potential bearish reversal. These signals can be used in conjunction with other technical analysis tools to confirm trade entries and exits. The MACD 4C indicator was developed by user vkno422 You can find the original author and their work on their TradingView profile: www.tradingview.com
مؤشرات Pine Script™
من ‎Indyan‎
HT: Waves LightIndicator visualizes waves, based on candlestick analysis (one-time-framing and price action concepts), eliminating subjectivity bias that often plagues manual charting of waves. It also doesn’t require much tuning to adjust for specific ticket unlike zigzag or other volatility-based indicators. Waves can be used to detect current trend and assess its healthiness. For example, we can compare lengths of bullish and bearish waves to detect shift in power. Also, visualization of waves makes it easy to identify chart patterns such as double tops/bottoms, head-and-shoulders etc… Another application is using waves’ pv points as reference levels to check for Change of Character. For example, in an uptrend higher low (HL) often acts as major support level. If broken it indicates a major change of character (i.e. possible trend reversal) How it works? Waves construction: • Wave construction depends on the selected timeframe. • Bullish wave lasts while every new candlestick low is higher than previous candlestick low. Breaking of this rule marks change of direction. • Bearish wave lasts while every new candlestick high is lower than previous candlestick high. Breaking of this rule marks change of direction. • Outside bars (when new high is higher than previous and new low is lower than previous) are interpreted as continuation of current direction unless counter-movement is really strong • There is a time lag, measured in candlesticks, between actual direction change and when this change was detected (small triangle markers on the chart) • Only confirmed bars are used for calculations. Trend detection: • Trend detection is based on price-action principle. Uptrend is marked by rising highs and lows; downtrend - by falling highs and lows. We need at least two highs and two lows to confirm trend. • There are situations of uncertainty when we have higher low and lower high at the same time. They can resolve into continuation of the current trend or into its reversal. Such situations are drawn in gray color. Pivot Points Indicator does marking of pivot points based on their relative position - higher low (HL), lower low (LL), higher high (HH), lower high (LH) – and shows retracement level for correction waves. Parameters: • Allowance - allowance in ticks that must be exceeded to trigger direction reversal. E.g. if value = 10, then bullish wave ends when new candle low is 10 ticks lower than previous candle low (except for outside bars). Low values are recommended for lower timeframes and/or low volatility tickets; higher values – for higher timeframes and/or high volatility. • Periods Back – number of candles back from the direction change signal to look for pivot low/high. In 90% of cases 5 is the optimal value but sometimes you might want to increase it for better fit (e.g. for low timeframes/low volatility) Disclaimer This indicator should not be used as a standalone tool to make trading decisions. It should be used in conjunction with other technical analysis methods.
مؤشرات Pine Script™
من ‎hermes_trisme‎
ZigZag Multi [TradingFinder] Trend & Wave Lines - Structures🔵 Introduction "Zigzag" is an indicator that forms based on price changes. Essentially, the function of this indicator is to connect consecutive and alternating High and Low pivots. This pattern assists in analyzing price changes and can also be used to identify classic patterns. "Zigzag" is an analytical tool that, by filtering partial price movements based on the specified period, can identify price waves across different time frames (short or long term). 🔵 Reason for Creation The combination of "short term zigzag" and "long term zigzag" enhances accuracy and reduces analysis time. In a time frame, "long term zigzag" represents the main trend, while "short term zigzag" depicts short-term waves. 🔵 How to Use After selecting the desired time frame and adding "zigzag" to the chart, begin utilization. Keep in mind to identify the main market trend from "long term zigzag" and the minor waves from "short term zigzag". 🟣 Important: Additionally, classic patterns such as HH, LH, LL, and HL can be recognized. All traders analyzing financial markets using classic patterns and Elliot Waves can benefit from the "zigzag" indicator to facilitate their analysis. 🔵 Settings Short term zigzag : In this section, you can adjust settings such as time frame range, display mode, color, and line width of the zigzag lines. Short term label : This section allows you to activate or deactivate the display of zigzag labels according to your needs. You can also customize their color and size. Long term zigzag : Here, you can adjust settings for time frame range, display mode, color, and line width of zigzag lines. Long term label : Similar to short term label settings. The recommended time frame for "long term zigzag" is between 9 to 15, and for "short term zigzag" is between 3 to 5. 🟣 Important Notes : Considering the different behaviors of financial markets and various time frames, it is recommended to experiment with different time frame settings when using "zigzag" to find the best settings for each symbol and time frame, thereby preventing potential errors. 🟣 Terminology Explanations : "HH": When the price is higher than the previous peak (Higher High). "HL": When the price is higher than the previous low (Higher Low). "LH": When the price is lower than the previous peak (Lower High). "LL": When the price is lower than the previous low (Lower Low).
مؤشرات Pine Script™
من ‎TFlab‎
15
Hosoda Waves ABCThe Hosoda Waves indicator was devised by Goichi Hosoda, the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges to which the market would react. Hosoda's projections include the NT, N, V, and E waves, derived from calculations based on both upward and downward ABC swings. The calculations for Hosoda's waves are as follows: NT Wave = C + (C - A) N Wave = B + (B - A) V Wave = B + (B - C) E Wave = C + (B - A) This indicator visually represents the calculations by Hosoda. Additionally, Hosoda indicated time cycles: 9, 17, 26, 33, 42, 51, 65, 76, etc., which are not integrated into this indicator as they are not considered effective in contemporary times. Once applied to the chart, the interactive Pine Script tool version 5 will prompt you to identify 3 points of "low-high-low" or "high-low-high," both for upward and downward movements. Once clicked, these price points can be moved. If you change the time frame or market instrument, the indicator must be removed because it remains tied to the prices where it was initially drawn.
مؤشرات Pine Script™
من ‎WD_GANN‎
2
Hosoda Waves ABCDEThe Hosoda Waves indicator was devised by Goichi Hosoda, who is also the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges that the market would react to. Hosoda's projections are the NT, N, V, and E waves, which are derived from calculations based on both upward and downward ABC swings. Hosoda's waves are derived from the following calculations: NT Wave = C + (C - A) N Wave = B + (B - A) V Wave = B + (B - C) E Wave = C + (B - A) There are already scripts for the Hosoda waves, and my idea is to project an ABCDE swing simultaneously, meaning projecting three swings: ABC, indicated with an A, resulting in NT-A, N-A, V-A, E-A. BCD, indicated with a B, resulting in NT-B, N-B, V-B, E-B. CDE, indicated with a C, resulting in NT-C, N-C, V-C, E-C. Once the indicator is applied to the chart, the interactive Pine Script tool version 5 will prompt you to identify 5 points of "low-high-low-high-low" or "high-low-high-low-high," both for upward and downward movements and mixed. Once clicked, these price points can be moved. If you change the time frame or market instrument, the indicator must be removed because it remains tied to the prices where it was initially drawn.
مؤشرات Pine Script™
من ‎WD_GANN‎
[MAD] WaveBuilderThe WaveBuilder indicator is a powerful technical analysis tool that combines wave calculations, channel formation, and smoothing techniques to identify trends, reversals, and potential trading opportunities. It provides users with customizable settings for different timeframes, smoothing averages, channel levels, and alert conditions, making it a comprehensive and versatile tool for analyzing market dynamics. ---------------------- Wave Settings: The Wave Settings section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the wave calculations based on different timeframes and lengths. This section focuses on four different lengths. Here are the details of the Wave Settings (4 Lengths): Timeframe 1 (TF1): This parameter allows you to select the first timeframe for the wave calculation. You can choose any valid timeframe. Weight (F1): This setting represents the weight for Timeframe 1. It is a floating-point value that affects the impact of this timeframe in the wave calculation. Multiplier 2 (TF2): This parameter specifies the multiplier for the second timeframe. It determines the ratio between Timeframe 2 and Timeframe 1. Weight (F2): This setting represents the weight for Timeframe 2. It determines the influence of Timeframe 2 in the wave calculation. Multiplier 3 (TF3): This parameter defines the multiplier for the third timeframe. It determines the ratio between Timeframe 3 and Timeframe 1. Weight (F3): This setting represents the weight for Timeframe 3. It determines the impact of Timeframe 3 in the wave calculation. Multiplier 4 (TF4): This parameter specifies the multiplier for the fourth timeframe. It determines the ratio between Timeframe 4 and Timeframe 1. Weight (F4): This setting represents the weight for Timeframe 4. It determines the influence of Timeframe 4 in the wave calculation. WaveBuilder Fast: This parameter sets the length of the fast wave average. It represents the number of bars considered in the calculation of the fast wave average. WaveBuilder Slow: This parameter sets the length of the slow wave average. It represents the number of bars considered in the calculation of the slow wave average. The Wave Settings allow you to configure different timeframes, multipliers, and weights for wave calculations. These settings provide flexibility in customizing the indicator's behavior based on your preferred trading strategy and market conditions. ---------------------- Counter Oscillator: The Counter Oscillator section in the Multitimeframe WaveTrend indicator enables you to configure parameters related to a counter oscillator. This oscillator helps identify potential reversals or countertrend movements. Here are the details of the Counter Oscillator settings: Multiplier Counter (TF5): This parameter allows you to select the multiplier counter timeframe. It determines the ratio between the multiplier counter and the main timeframes. Weight (F5): This setting represents the weight for the multiplier counter. It determines the influence of the multiplier counter in the counter oscillator calculation. Length (will_length): This parameter sets the length or period of the counter oscillator. It represents the number of bars considered in the counter oscillator calculation. The Counter Oscillator settings provide additional insights into the market by analyzing countertrend movements. By adjusting the multiplier counter and length parameters, you can customize the counter oscillator to suit your trading preferences. ---------------------- Wave Smoothing and Mixing: The Wave Smoothing and Mixing section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the smoothing and mixing of the wave calculations. Here are the details of the Wave Smoothing and Mixing settings: Average 1 Type: This parameter allows you to select the type of smoothing average for the first average. You have various options such as WMA, HMA, VWMA, LMA, RMA, SMA, EMA, and more. Length 1: This setting determines the length or period of the first smoothing average. It represents the number of bars considered in the calculation. Average 2 Type: This parameter allows you to select the type of smoothing average for the second average. Length 2: This setting determines the length or period of the second smoothing average. Mix Factor AVG1-AVG2: This parameter controls the mixing factor between the first and second smoothing averages. It affects the weighting or blending of the two averages. POW - Factor: This parameter adjusts the power factor, which can compress or expand the resulting values. It allows you to fine-tune the output based on your preferences. The Wave Smoothing and Mixing settings enable you to smooth the wave calculations and mix different averages to create a more refined and customized output. By selecting the desired smoothing types, adjusting the lengths, and modifying the mix factor and power factor, you can tailor the indicator to your specific trading style. ---------------------- Channel Levels and Alert Mode: The Channel Levels and Alert Mode section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the channel levels and the alert mode. Here are the details of the Channel Levels and Alert Mode settings: Channel Width: This parameter determines the width or range of the channel levels. It represents the distance between the upper and lower channel lines. Channel Shift Up/Down: This setting allows you to shift the entire channel up or down. It represents the vertical offset of the channel lines. Alert Mode (Alertmode): This parameter determines the type of alert triggered by the indicator based on the channel levels. You have options such as Outside, CrossIn, CrossOut, ChangeDir-All, and ChangeDir-Outside. Channel Levels: The upper and lower channel levels are calculated based on the channel width and offset. They provide visual boundaries for the price movement within the channel. The Channel Levels and Alert Mode settings help define the channel levels and specify the conditions for generating alert notifications. By adjusting the channel width, offset, and selecting the appropriate alert mode, you can customize the indicator's behavior according to your trading requirements. ---------------------- Dynamic Channel: The Dynamic Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the dynamic channel formation. This feature helps create channels based on different smoothing averages. Here are the details of the Dynamic Channel settings: Channel Average 1 Type: This parameter allows you to select the type of smoothing average for the first channel average. Length 1: This setting determines the length or period of the first channel average. Channel Average 2 Type: This parameter allows you to select the type of smoothing average for the second channel average. Length 2: This setting determines the length or period of the second channel average. MA 1 / MA 2 Mix Factor: This parameter controls the mixing factor between the first and second channel averages. It affects the weighting or blending of the two averages. Mixing Off Dynamic in Weight: This parameter allows you to mix off the dynamic in weight. Smoothing Type: This parameter allows you to select the type of smoothing for the trend within the dynamic channel. Smoothing Length: This setting determines the length or period of the trend smoothing within the dynamic channel. The Dynamic Channel settings enable you to create channels based on different smoothing averages and adjust the weighting between them. Additionally, you can apply further smoothing to the trend within the dynamic channel. This feature helps identify trends and potential trade opportunities within the channel. ---------------------- Speed of Change Rate: The Speed of Change Rate section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the rate of change in the indicator. Here are the details of the Speed of Change Rate settings: Plot Speed (plot_speed): This setting determines whether to plot the speed of change on the chart. Speed Scaling (change_factor): This parameter adjusts the scaling factor for the speed of change. Speed Smoother (smoothtype_change): This parameter allows you to select the type of smoothing average for the speed of change calculation. Speed Length (change_length): This setting determines the length or period of the speed of change calculation. The Speed of Change Rate settings provide insights into the rate at which the indicator values are changing. By visualizing and analyzing the speed of change, you can identify potential acceleration or deceleration in the price movement. ---------------------- Signal Main Configuration: The Signal Main Configuration section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the signal input and passthrough. Here are the details of the Signal Main Configuration settings: Signal Type (inputtype): This parameter determines the type of signal input. You have options such as MultiBit and NoInput. Select L1 Indicator Signal (inputModule): This parameter allows you to select the source of the L1 indicator signal. You can choose any valid input source, such as the closing price or another indicator. Signal Passthrough (Passthrough): This setting enables or disables the passthrough of the signal. When enabled, the indicator passes the input signal to the output. The Signal Main Configuration settings allow you to define the type of signal input and control whether to pass the signal through the indicator or not. This feature provides flexibility in integrating the indicator with other trading strategies or indicators. ---------------------- Multibit Modified Channel: The Multibit Modified Channel section in the Multitimeframe WaveTrend indicator allows you to configure parameters related to the modified channel based on the multibit input. Here are the details of the Multibit Modified Channel settings: Input Bull (CH_Trendup_in): This parameter allows you to specify the input channel for bullish signals. Bull Offset (trendfactorbull): This setting determines the offset for the bullish signals in the modified channel. Input Bear (CH_Trenddown_in): This parameter allows you to specify the input channel for bearish signals. Bear Offset (trendfactorbaer): This setting determines the offset for the bearish signals in the modified channel. The Multibit Modified Channel settings enable you to modify the channel based on the multibit input. By specifying the input channels for bullish and bearish signals and adjusting the respective offsets, you can customize the channel representation based on your trading strategy. Multibit Output: The Multibit Output section in the Multitimeframe WaveBuilder indicator allows you to configure parameters related to the output of the multibit signals and alerts. Here are the details of the Multibit Output settings: Output Bull (CH_Buy_out): This parameter specifies the output channel for bullish signals. Output Bear (CH_Sell_out): This parameter specifies the output channel for bearish signals. Show Alerts (showalerts): This setting determines whether to display alert notifications for the multibit signals. The Multibit Output settings define the output channels for bullish and bearish signals and control the display of alert notifications. This allows you to visualize and receive alerts for the multibit signals generated by the indicator. ---------------- Here a overview from the settings -------------------------------- The pipeline of the WaveBuilder can be understood in the following structured manner: ---------- Wave Calculation: Wave calculation is performed using the input parameters, resulting in wave values. The wave values are then averaged using Average 1 and Average 2, and the weighted average is obtained. The weighted average is mixed with other factors to create a mixed value. ---------- Channel Formation: The mixed value is multiplied by a weight to generate a dynamic part. The dynamic part is combined with the static channel and the multibit modification to form a base value. ---------- Smoothing and Mixing: The base value is averaged using Average 1 and Average 2, and the weighted average is calculated. The mixed2 value is obtained by smoothing the weighted average. The mixed2 value is further processed using power compression (POW) to refine the output. ---------- Plotting: The final smoothed and processed values are plotted to visualize the indicator on the chart. By following this pipeline, the WaveBuilder combines wave calculations, channel formation, smoothing techniques, and power compression to provide valuable insights into market trends and potential trading opportunities. -------------------------------- Librarys used: djmad/Signal_transcoder_library djmad/MAD_MATH djmad/Mad_Standardparts
مؤشرات Pine Script™
من ‎djmad‎
2
Relative Strength Index Wave Indicator [CC]The Relative Strength Index Wave Indicator was created by Constance Brown (Technical Analysis for the Trading Professional), and this is a unique indicator that uses the weighted close formula, but instead of using the typical price values, it uses the RSI calculated from the various prices. It then creates a rainbow by smoothing the weighted RSI with four different lengths. As far as the buy or sell signals with this indicator go, I did change things from the original source, so feel free to experiment and let me know if anything works better for you. I decided to do a variation of the original source and create buy and sell signals based on crossovers, but my version only uses the first and second smoothed RSI lines. You could also average all of the lines and buy when the average is rising and sell when it starts to fall. I have used my typical buy and sell signals to use darker colors for strong signals and lighter colors for normal signals. Because of the rainbow effect from the wave, the color changes will only appear for the bar itself when you enable that setting. Let me know if there is any other script you would like to see me publish! I will have plenty more RSI scripts to publish in the next week. Let me know if you like this indicator series.
مؤشرات Pine Script™
من ‎cheatcountry‎
1
Harmonic Sine Waves model plot Hey, Here is another tool that I created. I could not find anything similar. This script is creating a sine wave, based on the given length, amplitude, horizontal vertical offset. After this it plots also nearest harmonics to the base sine wave and draws it on the chart. At the last step it sums up the value for base sine wave with its harmonics. This is a great way to experience how 4 basic sine waves, when summed up, are creating more complex chart. This shows that the 'chaotic' chart can be built on just a few most important factors. You do not have to "know every single fact" about the asset to make a proper forecast. You just need those most important. It is crucial though, to offset the chart in a correct way, so it is in phase with the asset that we work on.
مؤشرات Pine Script™
من ‎bartekhl‎
7
NET BSP NET BSP derived from Buying & Selling Pressure which is a volatility indicator that monitors average metrics of green and red candles separately. We could navigate more confidently through market with projected market balance. BSP allowed us to track and analyze the ongoing performance of bullish and bearish impulsive waves and their corrections. Due to unintuitive way of measuring decline with SP going up, I decided to remake it into more intuitive version with better precision. When we encounter the fall it's better to have declining values of tool to be able to cover it visually with ease. One of the solutions was to create a sense of balance of Buying Pressure against Selling Pressure. Since we are oriented by growth, it'd be more logical to summarize the market balance with BP - SP Comparison: When Buying and Selling Pressure are equal, NET BSP would be at 0. NETBSP > 0 and NETBSP > NETBSP = 🟢 NETBSP > 0 and NETBSP < NETBSP = 🟡 NETBSP < 0 and NETBSP < NETBSP = 🔴 NETBSP < 0 and NETBSP > NETBSP = 🟡 Hence, we get visualized stages of uptrends and downtrends which allows to evaluate chances and estimations of upcoming counter-waves. Also, it is worth to note that output clearly shows how one wave is derived from another in terms of sizing. Feel free to adjust NET BSP arguments to adapt sensitivity to the timeframe you're working on.
مؤشرات Pine Script™
من ‎fract‎
23
MATHR3E WAVES█ OVERVIEW MATHR3E WAVES automatically draws Elliott Waves on your charts with their potential associated targets. █ CONCEPTS Disclaimer MATHR3E RETRACEMENTS indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor. It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl. It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand. How to use: MATHR3E WAVES indicator can provide a roadmap of market direction that you can use to determine price targets and isolate exhaustion points from potential trends in conjunction with other indicators by the same author. Be aware the indicator's approach is derived from the Elliott wave theory and may slightly diverge from the cardinal rules of Elliott waves. Principle of the Elliott Wave Theory Movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labeled as 1, 2, 3, 4, and 5. The three-wave correction is labeled as a, b, and c. These patterns can be seen in the long term as well as short term charts. Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts. Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% of the wave one gains, and prices should fall in a three-wave pattern. Wave 3: Wave three is usually the largest and most powerful wave in a trend. The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1. Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below that of wave three. This is a good place to buy a pullback if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend. Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy-in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets, and possibly a turn higher in open interest in related futures markets. Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative. Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond. █ FEATURES & BENEFITS Versatile The indicator works on relative price action, so you can apply it without having to change any of the default settings. Targets: Customize the high and low wave targets to identify possible price target areas. Adjustable Rules:  • Shift Wave 2: if Wave 4 closes below the low close of Wave 2.  • Shift Wave 4: if Wave A closes below the low close of Wave 4.  • Allow Wave 4 to overlap Wave 1  • Allow truncated Wave 5  • Allow truncated Wave C Price ratio: Force waves 2/4 to retrace to a specific Fibonacci level. Force Waves 3/5 size to a specific Fibonacci level. Time Ratio: Force selected waves to last a required number of bars. Alerts: Set up your alerts and receive notifications on wave completion. Alerts format can be adapted to be received on Discord servers.
مؤشرات Pine Script™
من ‎MATHR3E‎
3
Waves CorrectionsWave theory tool for tracking waves relations and their corrections. It filters out a sets of formations and count how often correction from them are reaching characteristic correction levels marked on the chart as CL1, CL2, CL3. It supports 2 rulesets/wave variants: Low - Based on more sensitive trend detection. Medium - Based on less sensitive trend detection. Script settings: | SCANNER | Trend type - Trend used by scanner to detect sets of waves. L - Low M - Medium <= W1/W2 * 100% <= - Tresholds describing proportions between 1 and 2 wave in the set. <= W3/W1 * 100% <= - Tresholds describing proportions between 3 and 1 wave in the set. <= W3/W2 * 100% <= - Tresholds describing proportions between 3 and 2 wave in the set. Show potencial areas - Showing underway sets Show Arrows - Showing arrows with possible correction on underway set. Correction from trend UP - Background and border colors for found sets in up trends Correction from trend Down - Bakcground and border colors for found sets in down trends. History - Showing sets in historic data. Stats - Type of statistic table shown on the screen: H - Hide % - Statistics with normal font %s - Statistics with small font Wn n= - Picking how many waves are taken into account when calculating statistics . | TREND VISUALIZATION | Type - Trend visualization types: H - Hidden L - Low M - Medium B - Both Alfred - AI assistant that informs about wave confirmation or trend changes (With "Both" type Alfred will monit only Medium wave). Shadow - Showing second reprezentation of the trend with drawing with the use of minimal and maximal values. It's usefull to determine the delay between the peak and a wave change signal. Low/Med Line width/color - Width/color of drawn line. Separate setting for Low and Medium trend type. | IMPULS VISUALIZATION | Impuls - Drawing impuls modes: H - Hidden F - First S - Second A - Auto Impuls color - Color of the first bullish arrow. Draw arrow - Drawing arrow at the end of the first bullish arrow. Troubleshooting: In case of any problems, send error details to the author of the script.
مؤشرات Pine Script™
من ‎Investor_R‎
5
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
مؤشرات Pine Script™
من ‎MarkTools‎
18
Elliott Wave Theory [Alerts]This indicator may be one of the first to provide signals & alerts for the Elliott Wave Theory Pattern. Unfortunately, there are few, if any, indicators that are public which allow the Elliott Wave Theory to be plotted+with alerts. Because this is experimental, I'm going to offer access to it free of charge. Send me a direct message requesting access. Elliott Wave Theory is a complex chart pattern to learn, and even harder to master. It requires being able to identify the wave lengths of price history and using various tools to plot and assess the price structure in order to find the wave counts. Whilst there are many ways to compute the waves apart of the pattern, there is no universal method that everyone would agree upon. For this indicator, I am using the traditional method. The different colors represent different cycle types. Using it on a higher timeframe is strongly encouraged for best results. This version currently provides alerts for the final wave, wave 5. I WILL BE ADDING MORE TO THIS INDICATOR SHORTLY, SEE BELOW: -Will be adding the other counts to display all the waves -Will be adding 'correction wave' alerts -Will be adding 'inverse' pattern alerts -Will be improving the the labels to include their cycle type This is not a buy & sell indicator.. This is a TOOL to help analyze the market using Elliott Wave Theory. The indicator should be used for the following: -Aiding with EWT analysis -Helping find potential exit points -Assist with learning EWT by using this as a template -Timing trades and improving risk management -Plotting the overall market
مؤشرات Pine Script™
من ‎PatternKing‎
33
Waves + ZOOnes TimeFrameTrend visualization tool in Wave theory. Unlike Elliot waves, it has a constant pattern length. The formation consists of impulse and 3 corrections. The script analyzes candle relationships in the currect trend, trend will be continueted until candle are not breaking trend rules. Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will change more ofter). Meddium - Less sensitive ( trend will change less ofter). Simultaneous observation of both types allows to detect consolidation before the overlapping movement and increase the probability of indicating the moment of the movement occurrence. Script with limited access, contact author to get authorization Features: - Allow to pick timeframe used for visualization. - Show Low and Middle type/order waves - Show support/resistance areas for the Low and Middle type/order waves. - Types for waves and support areas are picked independently. Script can show Middle Waves with Low Waves support areas. - Shadow mode that show second wave moved to the wave max/min bars. - Show historical support/resistance areas that are not valid any more. Script settings: Timeframe - Time frame used for visualization. It should be less precise or equal as the chart one. e.g. it can show 1D visualization over 1H chart. TREND VISUALIZATION Type - Kind of waves should be drawn. H(idden) - Do not draw any waves. L(low) - Draw low waves M(edium) - Draw medium waves B(oth) - Draw both low and medium waves Confirmation - Showing confirmation lavel over current bar If wave direction will not change on this bar Shadow - Showing second reprezentation of the trend with drawing with the use of minimal and maximal values. It's usefull to determine the delay between the peak and a wave change signal. Line width - Width of drawn line. Separate setting for Low and Medium trend type. Color - Color of drawn line. Separate settings for Low and Medium trend type. Change trend signals - Showing places where alerts are generated (debug feature). u - trend change to UP d - trend change to DOWN U - trand change to UP from the zone D - trand change to down from the zone IMPULS VISUALIZATION Impuls - Picking graphical reprezentation of first bullish arrow. H - Hidden F - First S - Second A - Auto Color - Color of the first bullish arrow. Draw arrow - Turning on/off drawing arrow at the end of the impuls wave. ZOONES ZOOnes type - Determines what type of trend is used to designate areas of support. D - Disabled L - Low M - Medium Only nearest zones - Drawing only one nearest zone above and below current price. Only nearest potencial zones - Drawing only one nearest potencial zone above and below current price. Resistance - Set of colors (resistance zone background, resistance zone border, potencial resistance zone background, potencial resistance zone border) used for drawing resistance zones and potencial resistance zones. Support - Set of colors (support zone background, support zone border, potencial support zone background, potencial support zone border) used for drawing support zones and potencial support zones Show history - Showing zones in historical data Show fake potencials - Showing historical potencial zonnes that were rejected (debug purpose). Double count - Treated support and resistance zoones as one zoone Zone precision - Determines how many bars are included in area calculation. Alerts: Low trend DOWN - When Low trend type is changing from UP to DOWN Low trend UP - When Low trend type is changing from DOWN to UP middle trend DOWN - When Middle trend type is changing from UP to DOWN middle trend UP - When Middle trend type is changing from DOWN to UP middle trend from ZOOnes DOWN - When Middle trend type is changing from UP to DOWN after hiting resistance area . middle trend from ZOOnes UP = When Middle trend type is changing from DOWN to UP after hiting support area . Troubleshooting: In case of any problems, send error details to the author of the script.
مؤشرات Pine Script™
من ‎Investor_R‎
5