PROTECTED SOURCE SCRIPT
Updated Benzerlik ve Gelecek
**Title:** Benzerlik ve Gelecek (Similarity and Future)
**Summary:**
This indicator operates on the core technical analysis principle that "History repeats itself." It scans historical data to find patterns (similarities) matching the current price action and projects a potential future path based on the average outcome of those historical events.
**Key Features:**
* **Advanced Scanning:** Scans history using 4 different algorithms (Correlation, Euclidean, Volatility, Polarity).
* **Ghost Candles (Future):** Analyzes how price reacted after similar patterns in the past and draws "Ghost Candles" to the right, visualizing the potential scenario.
* **Consensus Mode (Average Logic):** Instead of relying on a single match, it calculates the average of *all* found similar patterns to create a safer and more reliable projection path.
* **Dynamic Visuals:** Highlights historical matches and the current reference area for easy analysis.
**Recommended Settings:**
For trend following and optimal results, I recommend using the **"Correlation"** mode with a length of **14 Bars** and a similarity threshold between **85-90%**.
**Summary:**
This indicator operates on the core technical analysis principle that "History repeats itself." It scans historical data to find patterns (similarities) matching the current price action and projects a potential future path based on the average outcome of those historical events.
**Key Features:**
* **Advanced Scanning:** Scans history using 4 different algorithms (Correlation, Euclidean, Volatility, Polarity).
* **Ghost Candles (Future):** Analyzes how price reacted after similar patterns in the past and draws "Ghost Candles" to the right, visualizing the potential scenario.
* **Consensus Mode (Average Logic):** Instead of relying on a single match, it calculates the average of *all* found similar patterns to create a safer and more reliable projection path.
* **Dynamic Visuals:** Highlights historical matches and the current reference area for easy analysis.
**Recommended Settings:**
For trend following and optimal results, I recommend using the **"Correlation"** mode with a length of **14 Bars** and a similarity threshold between **85-90%**.
Release Notes
**Title:** Benzerlik ve Gelecek (Similarity and Future)**Summary:**
This indicator operates on the core technical analysis principle that "History repeats itself." It scans historical data to find patterns (similarities) matching the current price action and projects a potential future path based on the average outcome of those historical events.
**Key Features:**
* **Advanced Scanning:** Scans history using 4 different algorithms (Correlation, Euclidean, Volatility, Polarity).
* **Ghost Candles (Future):** Analyzes how price reacted after similar patterns in the past and draws "Ghost Candles" to the right, visualizing the potential scenario.
* **Consensus Mode (Average Logic):** Instead of relying on a single match, it calculates the average of *all* found similar patterns to create a safer and more reliable projection path.
* **Dynamic Visuals:** Highlights historical matches and the current reference area for easy analysis.
**Recommended Settings:**
For trend following and optimal results, I recommend using the **"Correlation"** mode with a length of **14 Bars** and a similarity threshold between **85-90%**.
Release Notes
**Title:** Benzerlik ve Gelecek (Similarity and Future)**Summary:**
This indicator operates on the core technical analysis principle that "History repeats itself." It scans historical data to find patterns (similarities) matching the current price action and projects a potential future path based on the average outcome of those historical events.
**Key Features:**
* **Advanced Scanning:** Scans history using 4 different algorithms (Correlation, Euclidean, Volatility, Polarity).
* **Ghost Candles (Future):** Analyzes how price reacted after similar patterns in the past and draws "Ghost Candles" to the right, visualizing the potential scenario.
* **Consensus Mode (Average Logic):** Instead of relying on a single match, it calculates the average of *all* found similar patterns to create a safer and more reliable projection path.
* **Dynamic Visuals:** Highlights historical matches and the current reference area for easy analysis.
**Recommended Settings:**
For trend following and optimal results, I recommend using the **"Correlation"** mode with a length of **14 Bars** and a similarity threshold between **85-90%**.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.