OPEN-SOURCE SCRIPT

Tide Finder (TiFi)

Updated
Very helpful for price-action trading. Works excellently with 1-hour time frames and below.

See Tide Finder Plus (TiFi+) if you want help from this indicator in higher time frames.

See also: Adaptive Rebound Line (ARL).

The idea for this indicator was brought on by the concept of high and low tides and everything related to the concept.
Release Notes
I decided to not publish the Tide Finder Plus (TiFi+).
I will just combine it with the Tide Finder (TiFi) instead.
The TiFi+ is just the TiFi with extra stuff.
I can't publish more than 2 indicators per month with a basic account so I don't want to waste publications.

If you want to get the settings in the picture; turn on "Lines" and, in the "Style" tab, turn off "Top Line", "High Line", "Low Line", and "Bottom Line".

"Lines" are Double Bollinger Bands with a dip line. The middle lines are a KAMA and an ARL.
"Compass" is a William's Alligator mimic to predict where the price is heading.
"Compass Record" shows the entire Compass.
"Day & Night Cycle" is a 200 EMA & a 55 EMA. The Sun is a golden cross and the Moon is a death cross.
"Ship Path" is good for Line Charts. It shows the open, close, low, and high. It shows a Parabolic SAR, too.

See also: Adaptive Rebound Line (ARL).

Very helpful for price-action trading. Works excellently with 15-min to 1-hour time frames.
The idea for this indicator was brought on by the concept of high and low tides and everything related to the concept.

Credits & Acknowledgements:
Code for the Compass in this script is a modified version of William's Alligator.
Code for the KAMA in this script is a modified version of KAMA by TradeWithAlchemy.
Release Notes
Fixed issue with lines not showing when "Compass Record" was checked.
Bands and Channelsdipmoving_averageSupport and ResistancetifiWave Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer