RicardoSantos

[RS]Neo Wave V0

EXPERIMENTAL: Request for IvanLabrie.
Method for reading Neo Wave's.
note: some issues arent possible to work around/fix due to limitations in pinescript.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?
study(title='[RS]Neo Wave V0', overlay=true)
SHOW_TF = input(title='Display Timeframe Box:', type=bool, defval=true)
timeframe = input(title='Timeframe:', type=string, defval='D')

shift = timeframe == 'D' and period == '720' ? 2 :
        timeframe == 'D' and period == '360' ? 4 :
        timeframe == 'D' and period == '240' ? 6 :
        timeframe == 'D' and period == '180' ? 8 :
        timeframe == 'D' and period == '120' ? 12 :
        timeframe == 'D' and period == '60' ? 24 :
        timeframe == 'D' and period == '45' ? 32 :
        timeframe == 'D' and period == '30' ? 48 :
        timeframe == 'D' and period == '15' ? 96 :
        timeframe == 'D' and period == '5' ? 288 :
        timeframe == 'D' and period == '3' ? 480 :
        timeframe == 'D' and period == '1' ? 1440 :
        timeframe == 'W' and period == '720' ? 10 :
        timeframe == 'W' and period == '360' ? 20 :
        timeframe == 'W' and period == '240' ? 30 :
        timeframe == 'W' and period == '180' ? 40 :
        timeframe == 'W' and period == '120' ? 60 :
        timeframe == 'W' and period == '60' ? 120 :
        timeframe == 'W' and period == '45' ? 160 :
        timeframe == 'W' and period == '30' ? 240 :
        timeframe == 'W' and period == '15' ? 480 :
        timeframe == 'W' and period == '5' ? 1440 :
        timeframe == 'W' and period == '3' ? 2400 :
        timeframe == 'W' and period == '1' ? 7200 :
        timeframe == 'M' and period == '720' ? 40 :
        timeframe == 'M' and period == '360' ? 80 :
        timeframe == 'M' and period == '240' ? 138 :
        timeframe == 'M' and period == '180' ? 160 :
        timeframe == 'M' and period == '120' ? 240 :
        timeframe == 'M' and period == '60' ? 480 :
        timeframe == 'M' and period == '45' ? 640 :
        timeframe == 'M' and period == '30' ? 960 :
        timeframe == 'M' and period == '15' ? 1920 :
        timeframe == 'M' and period == '5' ? 0 :
        timeframe == 'M' and period == '3' ? 0 :
        timeframe == 'M' and period == '1' ? 0 :
        0

tf_counter = change(time(timeframe))!=0 ? 1 : tf_counter[1]+1
//plot(tf_counter)

tf_high = not SHOW_TF ? na : security(ticker, timeframe, high)
tf_low = not SHOW_TF ? na : security(ticker, timeframe, low)
tf_hp = plot(title='TF High', series=tf_counter >= shift ? na : tf_high, style=circles, color=black, linewidth=1)
tf_lp = plot(title='TF Low', series=tf_counter >= shift ? na : tf_low, style=circles, color=black, linewidth=1)
fill(title='Time Box', plot1=tf_hp, plot2=tf_lp, color=blue, transp=90)
//hl = high >= tf_high ? high : low <= tf_low ? low : na
//plot(hl)
hh = tf_counter == 1 ? high : high >= hh[1] ? high : hh[1]
ll = tf_counter == 1 ? low : low <= ll[1] ? low : ll[1]
//plot(hh, color=black)
//plot(ll, color=black)
hhc = change(hh)>0 ? n : hhc[1]
llc = change(ll)<0 ? n : llc[1]


direction = tf_counter == 1 ? hhc[1] < llc[1] ? hh[1] : ll[1] : tf_counter == shift ? hhc[shift] < llc[shift] ? ll[shift+1] : hh[shift+1] : na
plot(title='Wave', series=direction, color=direction>fixnan(direction[1])?green:maroon, linewidth=2, offset=-shift)