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Fractal

FS instant (extremo 4H) - R.AlvaradoFS Instant (4H Extremes) – R. Alvarado automatically detects and marks Failure Swings (FS) at 4H highs and lows when they are formed during the final 15-minute candle (:45) of each 4-hour block, specifically at 00:45, 04:45, 08:45, 12:45, 16:45, and 20:45 New York time. The indicator runs exclusively on the 15-minute timeframe and evaluates whether that candle printed the high or low of the completed 4H candle using a configurable tick tolerance, instantly labeling the event at candle close. This tool is designed for traders who want to identify liquidity events and potential reversals (Failure Swings) in real time while aligning lower-timeframe execution with higher-timeframe structure, and should be used as a contextual aid rather than a standalone trading signal.
Pine Script® indicator
by RaizaAlvarado
MemoMeister Capsules: Boost Your Concentration and MemoryMemoMeister Capsules: Boost Your Concentration and Memory In today’s fast-paced digital world, concentration and memory have become essential skills for both professional success and everyday life. MemoMeister capsules are increasingly discussed as a supplement designed to support cognitive performance, mental clarity, and sustained focus. Before forming an opinion about MemoMeister, it is important to consult independent analyses and explanatory resources that examine the product from multiple perspectives. An in-depth independent review that closely examines MemoMeister capsules, their positioning, and general user perception can be found in this detailed analysis, which provides structured insight and contextual evaluation: www.tumblr.com . Such comprehensive references help establish a clearer understanding of how MemoMeister is discussed in real-world contexts. 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Whether managing complex work tasks, studying for exams, or handling multiple responsibilities at once, cognitive endurance is often tested daily. MemoMeister capsules are positioned toward individuals who seek steady support for mental performance rather than short-term stimulation. As cognitive demands increase, many people look for ways to maintain clarity and attention over longer periods. Memory and concentration are closely linked, and supporting both can help reduce mental fatigue while improving the ability to process and retain information consistently throughout the day. How MemoMeister Capsules Fit Into Daily Cognitive Support MemoMeister capsules are commonly discussed as part of a routine-based approach to mental performance. Rather than expecting immediate or dramatic effects, many users focus on gradual cognitive support that integrates into everyday habits. 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This makes MemoMeister particularly relevant for individuals who value mental consistency, structured thinking, and the ability to stay focused across multiple tasks without experiencing rapid mental exhaustion. Independent Perspectives and Information Sources One reason MemoMeister capsules continue to attract attention is their presence across various independent publishing platforms. Articles, reviews, and explanatory pages provide different viewpoints and allow readers to compare interpretations and experiences. This variety of independent content sources contributes to discoverability and encourages a more balanced evaluation. Access to multiple perspectives helps readers move beyond promotional messaging and focus instead on informative content. When a supplement is discussed in analytical articles and independent resources, it becomes easier to assess expectations realistically and understand its intended role. Final Thoughts on MemoMeister Capsules MemoMeister capsules are aimed at individuals who want to support their concentration and memory in a structured and informed way. Whether used during mentally demanding workdays, study periods, or phases of high cognitive load, the product is positioned as a supplement worth examining more closely through independent sources. Making an informed decision involves understanding realistic expectations, consulting transparent information, and focusing on long-term cognitive well-being. By exploring detailed analyses, explanatory articles, and credibility-focused resources, readers can form a clearer picture of how MemoMeister capsules may fit into their personal approach to mental performance and memory support.
Pine Script® indicator
by XbnPP12
Buy Sell Precision EMA Break SystemBuy Sell Precision EMA Break System is a non‑repainting structure‑based engine built around the first candle that fully clears the EMA 8/11 cloud. Signals only trigger when price shows true displacement, confirmed by VWMA trend alignment and volume expansion. The system includes: • Full‑candle EMA break logic (body + wicks) • VWMA directional filter • Volume expansion filter • Dynamic EMA cloud • Bar‑state coloring • Buy/Sell signal markers • Alerts included Disclaimer: This script is for educational purposes only. Trading involves risk, and past performance does not guarantee future results. Please test thoroughly and use at your own discretion. You are solely responsible for your trading decisions.
Pine Script® indicator
by pmohareb
Quant Labs Edge Filter (Community Edition)A market-structure filter designed to identify when no real edge exists. Edge Filter evaluates price location relative to structure to define market posture — long bias, short bias, or stand aside. It does not generate trade signals and is intentionally designed to reduce overtrading. Clear Posture States Near Highs — Short Bias Near Lows — Long Bias No Edge — Stand Aside When edge is absent, patience is the strategy. Why It Stands Out Most indicators encourage action. Edge Filter encourages restraint. Its purpose is to protect capital, attention, and decision quality by filtering out low-quality environments. Community Edition This version publishes the core logic openly for transparency and education. Private access versions may exist for traders seeking continuity and stewardship. Bottom Line Trade less. Trade better. Wait for edge. — QuantLabs
Pine Script® indicator
by CustomQuantLabs
RSI SCALPER with Dynamic ATR LinesThis is a versatile scalping indicator that combines RSI-based signals, dynamic ATR channels, and Stochastic-based divergence detection to identify potential entry and exit points in the market . Key Features Dynamic ATR Channel – Calculates support and resistance based on ATR (Average True Range) with configurable length and multiplier for both support and resistance lines, plus a midline Multi-timeframe RSI – Two separate RSI calculations with independent timeframe settings: one for "KUN RSI" signals and one for "GET READY" alerts Divergence Detection – Identifies regular and hidden bullish/bearish divergences using Stochastic D and fractals 25 MA Types – Comprehensive library of smoothing functions including WMA, HMA, EMA, TEMA, DEMA, ZLEMA, and several advanced variants Signal Types Signal Description Get Ready (Long) Price crosses above dynamic support while RSI is oversold Get Ready (Short) Price crosses below dynamic resistance while RSI is overbought EXIT (Buy Break) Price closes above resistance (previously below) without simultaneous short signal EXIT (Sell Break) Price closes below support (previously above) without simultaneous long signal R-BULL / R-BEAR Regular divergence – signals potential trend reversal H-BULL / H-BEAR Hidden divergence – signals trend continuation Settings RSI Parameters: Separate timeframe selection for both RSI calculations Configurable length and overbought/oversold levels (default 70/30) ATR Channel: Independent timeframe for channel calculation Individual ATR lengths and multipliers for support (8/1.44) and resistance (14/1.44) Divergence: Dedicated timeframe setting Stochastic parameters (length, smooth K, smooth D) MA type selection for smoothing Alerts The indicator includes four predefined alerts for divergence signals that trigger only on confirmed bars: Regular Bullish/Bearish Divergence Hidden Bullish/Bearish Divergence Use Cases Suitable for active scalping and swing trading on crypto, forex, and stocks. Combine signals with price structure and volume for optimal use. The ATR channel adapts automatically to volatility, while divergence signals provide early warning of potential trend shifts .
Pine Script® indicator
by Spira_Scalper
Algo Reverse This indicator is a robust trend-following strategy designed to filter out market noise and "falling knife" scenarios. It combines Heikin Ashi reversal signals with a strict Smoothed EMA Slope Filter and a Candle Body Size Filter to ensure high-quality entries. Unlike standard strategies that simply check if the price is above/below the EMA, this script verifies the actual angle/slope of the EMA to ensure the trend has genuinely shifted direction. Key Features: 🛡️ Smoothed EMA Slope Filter: Most indicators trigger a BUY the moment price crosses the EMA, leading to losses during fakeouts. This script checks the EMA value against its value X bars ago (Setting: Slope Lookback). Benefit: Signals are generated only when the EMA line itself is physically rising (Green) for Longs or falling (Red) for Shorts. This prevents entering too early on a sharp reversal. 🕯️ Candle Body Filter: Filters out low-quality candles (Dojis, Spinning Tops) with long wicks. Logic: A signal is valid only if the candle body constitutes at least 70% (default) of the total candle range. Benefit: Ensures entries are made on strong momentum candles, not on market indecision. 🔹 Heikin Ashi + ATR Impulse: Uses Heikin Ashi logic to detect smooth trend reversals. Validates the move with an ATR multiplier to ensure sufficient volatility. Settings Guide: Confirmation Bars: 1 (Recommended). Waits for the candle to close to confirm the signal. EMA Slope Lookback: 5 (Default). Compares current EMA to EMA 5 bars ago. Increase for more stability, decrease for faster (but riskier) signals. Min Candle Body: 0.7 (70%). Lower to 0.5 for more signals, raise to 0.8 for stricter filtering. Этот индикатор представляет собой надежную трендовую стратегию, разработанную для фильтрации рыночного шума и предотвращения входов против сильного тренда («ловли ножей»). Он объединяет разворотные сигналы Heikin Ashi со строгим Фильтром Сглаженного Наклона EMA и Фильтром Размера Тела Свечи. В отличие от стандартных стратегий, которые просто смотрят положение цены относительно EMA, этот скрипт проверяет реальный угол наклона линии, гарантируя, что тренд действительно развернулся. Ключевые особенности: 🛡️ Сглаженный Фильтр Наклона EMA (Smoothed Slope): Обычные индикаторы часто дают ложный BUY при резком пробое EMA, когда тренд все еще смотрит вниз. Этот скрипт сравнивает текущую EMA с её значением X баров назад (Настройка: Сглаживание наклона). Польза: Сигнал появляется только тогда, когда сама линия EMA окрашивается в Зеленый (растет) или Красный (падает). Это защищает от ложных пробоев. 🕯️ Фильтр Тела Свечи (Body Filter): Отсеивает «мусорные» свечи (Доджи, Волчки) с длинными тенями и маленьким телом. Логика: Сигнал валиден, только если тело свечи занимает минимум 70% (по умолчанию) от всей длины свечи. Польза: Входы совершаются только на сильных, полнотелых свечах, подтверждающих намерение рынка. 🔹 Heikin Ashi + ATR Импульс: Использует логику Heikin Ashi для определения плавного разворота. Подтверждает вход множителем ATR, чтобы исключить входы на низкой волатильности. Настройки: Подтверждение входа: 1 (Рекомендуется). Ждет закрытия свечи для фиксации сигнала. Сглаживание наклона (Lookback): 5. Сравнивает EMA с EMA 5 свечей назад. Увеличьте для надежности, уменьшите для более быстрой реакции. Мин. тело свечи: 0.7 (70%). Уменьшите до 0.5 для большего количества сигналов, увеличьте до 0.8 для строгого отбора.
Pine Script® indicator
by Rodion7777
Current Fractal High/Low (Dynamic) v2.3# 📝 Current Fractal High/Low (Dynamic) v2.3 – Changelog ## ➕ Additions - ✅ New option: **Enable Historical Fractals** – Displays past FH/FL levels using dashed lines. - ✅ **Breakout Alert Conditions**: Alerts added for breakout of the most recent Fractal High and Low. - ✅ **Inline Labels**: FH/FL labels now appear directly on the fractal lines. - ✅ **Single Alert Toggle**: Option to trigger alerts only once per breakout. - ✅ Codebase prepared for future features (e.g. fractal tagging, count limits). ## 🔧 Improvements - 🔄 Fractal levels now update **only after a valid breakout**, not just when a new pivot is formed. - 🧱 Improved variable scope handling (no redeclaration issues). - 📦 Ready for migration to **Pine Script v6**. ## 🛠 Known Limitations / To-Do - 🔹 No current option to limit historical fractals (e.g. show last 5 only). - 🔹 FH/FL labels currently use text ("FH"/"FL") — numerical values may be added in a future update. --- 📌 Free to use with attribution. Developed by: (www.stairwaytoprofit.com)
Pine Script® indicator
by stairwaytoprofit
1
MSS 15m - R.AlvaradoMSS 15m – R.Alvarado is a minimalist Market Structure Shift indicator designed to highlight real changes in market structure on the 15-minute timeframe. The indicator plots a single horizontal line and label when a valid Market Structure Shift occurs, marking the exact price level where structure changes from bullish to bearish or vice versa. Only one MSS is displayed at a time and it remains anchored on the chart until a new structure shift appears. This tool is intended for discretionary traders who already work with higher-timeframe bias, key levels, and liquidity concepts. It does not generate trade entries by itself, but provides clear structural context to support decision-making after liquidity events and during CRT analysis. Best used in combination with higher-timeframe bias and key levels, especially when refining executions on lower timeframes.
Pine Script® indicator
by RaizaAlvarado
4MAs+5VWAPs+FVG+ Fractals4MAs + 5VWAPs + FVG + Fractals All-in-one market structure indicator combining 4 moving averages, 5 VWAP timeframes, fair value gaps, fractals, and order blocks. 🔧 Features: · 4 MAs - SMA/EMA, customizable lengths & colors · 5 VWAPs - Daily, Weekly, Monthly, RTH, Custom sessions · Fractals - Market structure with breakout lines & custom colors · FVG/Imbalances - Bullish/bearish gap detection with alerts · Order Blocks - Dynamic institutional levels · Smart Labels - VWAP labels with color matching ⚙️ Quick Setup: 1. Toggle groups in Master Control Panel 2. Customize colors for each component 3. Set sessions for RTH/Custom VWAP 4. Adjust fractal periods (default: 2) 📈 Trading Use: · Identify market structure with fractals · Find confluence at VWAP + MA levels · Trade FVG fills and order block reactions · Multiple timeframe analysis with 5 VWAPs Customizable • Color-Coordinated • Performance Optimized
Pine Script® indicator
by mikedret
First presented FVG ICT by @traderbinjFirst Presented FVG ICT by @tradebinj This indicator identifies the first valid Fair Value Gap (FVG) that forms on the 1-minute (m1) timeframe after the market open (default 09:30 AM). It is designed for ICT concepts, helping traders spot the initial imbalance of the session while ignoring noise and weekend gaps. Key Features: Precision M1 Detection: Automatically calculates FVGs strictly on the 1-minute chart but displays them visible on any higher timeframe (5m, 15m, 1H, etc.). Session & Timezone Control: Customizable start time (default 09:30) and end-of-day cutoff (16:00), with a timezone selector to support any asset class (Futures, Forex, Crypto). Intelligent Filtering: Includes logic to ignore "New Week Opening Gaps" (weekend data) and strictly filters for the first setup of the session. Visual Customization: Toggle between "Box" or "Lines Only" modes. Fully adjustable colors for Bullish/Bearish fills and borders. History & Extension: Choose how many past FVGs to keep on the chart and optionally extend all active zones to the current price. Smart Text: clearly labels the zone as "1st fvg" with customizable alignment.
Pine Script® indicator
by maltcoinx
BIAS+KeyLevels - R.AlvaradoBIAS+KeyLevels – R. Alvarado This indicator identifies the institutional market bias (BIAS) on Monthly, Weekly, and Daily timeframes using confirmed Turtle Soup–style candle closes. It also automatically plots the Key Levels (high / low) from the Monthly, Weekly, Daily, and 4H timeframes, along with the 50% level of the previous candle for each higher timeframe. It is designed for traders who operate on lower timeframes and require clear, clean, and structural market context to anticipate potential reaction zones without cluttering the chart.
Pine Script® indicator
by RaizaAlvarado
Filtered Fractals (2-Stage + Alerts)Filtered Fractals Overview This indicator is an advanced evolution of the classic Fractal logic (like the WICK.ED or Bill Williams models). Standard fractals are often "noisy," marking every minor local peak or trough, which can lead to false signals in volatile markets. This script solves the "noise" problem by introducing a Dual-Stage Filtering Process. Instead of displaying every fractal, it treats them as "candidates" and only confirms those that represent a dominant extremum relative to their neighboring fractals. How It Works The script operates in two distinct stages to ensure only the most significant structural pivot points are plotted: Stage 1: Detection The script identifies "Raw Fractals" based on your preferred sensitivity (Left/Right bars). By default, it uses a 5-bar lookback/lookforward, but these remain hidden from the chart initially. Stage 2: Sliding Window Competition The script monitors a rolling sequence of the last three identified fractals. It compares their prices to find the "True Extremum": For Highs , it compares the 3 most recent fractal peaks. For Lows , it compares the 3 most recent fractal troughs. The Point System: Every time a fractal is the "winner" (the highest high or lowest low) within its 3-fractal window, it receives a confirmation point. The Priority Rule: In cases where two fractals have the exact same price, the script gives priority to the earlier one (the "left" peak), reducing late entries. Visual Confirmation A fractal is only plotted on your chart once it achieves two confirmations . This means it has proven to be a significant price extreme compared to both its predecessor and its successor. Key Features Noise Reduction: Eliminates "crowded" fractals, leaving only the structural backbone of the trend. Non-Repainting Logic: The script only processes confirmed closed bars. The current developing candle will never trigger a false fractal or a premature alert. Smart Alerts: Built-in alert() functionality. You can set a single alert to notify you the exact moment a Bullish or Bearish fractal is confirmed. Customizable Sensitivity: Adjust the Left/Right Bars in the settings to fit your specific timeframe (e.g., higher values for macro trends, lower for scalping). How to use Support/Resistance: Use these filtered fractals to draw more reliable S/R zones. Stop Loss Placement: Ideal for trailing stops behind truly significant swing points. Trend Confirmation: A series of higher-high filtered fractals provides a much cleaner view of an uptrend than standard indicators.
Pine Script® indicator
by a1dmitry
3
HTF Candle Panel (3 Closed + 1 Live) v4High Time Frame Candle Mapping Display - Automatically selects the correct higher timeframe (HTF) based on the chart timeframe - Displays previous 3 completed HTF candles + 1 developing HTF candle - Renders them as candles on the right side of the chart - Updates dynamically as you change timeframes - This is a true overlay candle panel, not just OHLC labels. - Exact HTF OHLC — price aligns perfectly with the actual HTF chart. Works (dynamically) on these time frames only. Chart Timeframe // Higher Timeframe Shown 1 second - 1 minute 15 seconds - 5 minutes 1 minute - 15 minutes 3 minutes - 30 minutes 5 minutes - 1 hour 15 minutes - 4 hours 30 minutes - 4 hours 1 hour - Daily 4 hours - Weekly NOTE: Premium TradingView needed for "Seconds" charting
Pine Script® indicator
by thaddious
ReversePulse Strategy (Invite-only)This strategy combines a higher-timeframe bias with multi-timeframe POI levels and a rule-based entry workflow. Concept Bias / trend filter: Supertrend from a selectable higher timeframe (HTF). Supertrend line above price = short bias, below price = long bias. POI levels: Fractal levels from a selectable timeframe (MTF). Levels are tracked until the first break. Reversal logic: Long setups are only activated after a break down of a fractal low (liquidity sweep). Short setups are only activated after a break up of a fractal high. Entry: Once a setup is active, entries are triggered by Trigger (Fractal) and/or Attempted (both optional, priority selectable). Setups expire after a configurable number of bars (expiry). Management: Take-profit via RR multiple, optional break-even after a configurable RR threshold. DD Feather (optional): After a defined drawdown threshold, the strategy reduces risk per trade. Reset mode and base (Equity/Start Capital) are configurable. Filters Trading days (Mon–Fri) and a trading session window are configurable. Visuals / Dashboard Optional SL/TP lines, RR boxes and RR lines. A status overlay shows bias, setup status, signal status, session status, and timeframe timers. Disclaimer This script is provided for analysis and testing purposes only and is not financial advice. Results may vary depending on symbol, broker data, and settings. vorgestern Versionshinweise This strategy combines a higher-timeframe bias with multi-timeframe POI levels and a rule-based entry workflow. Concept Bias / trend filter: Supertrend from a selectable higher timeframe (HTF). Supertrend line above price = short bias, below price = long bias. POI levels: Fractal levels from a selectable timeframe (MTF). Levels are tracked until the first break. Reversal logic: Long setups are only activated after a break down of a fractal low (liquidity sweep). Short setups are only activated after a break up of a fractal high. Entry: Once a setup is active, entries are triggered by Trigger (Fractal) and/or Attempted (both optional, priority selectable). Setups expire after a configurable number of bars (expiry). Management: Take-profit via RR multiple, optional break-even after a configurable RR threshold. DD Feather (optional): After a defined drawdown threshold, the strategy reduces risk per trade. Reset mode and base (Equity/Start Capital) are configurable. Filters Trading days (Mon–Fri) and a trading session window are configurable. Visuals / Dashboard Optional SL/TP lines, RR boxes and RR lines. A status overlay shows bias, setup status, signal status, session status, and timeframe timers. Disclaimer This script is provided for analysis and testing purposes only and is not financial advice. Results may vary depending on symbol, broker data, and settings.
Pine Script® strategy
by Spacemelody777
FVG Nexus IFVG Break FrameworkThis strategy implements an IFVG (Inverted Fair Value Gap) framework using a structured multi-timeframe approach. Concept: The script identifies Fair Value Gaps (FVGs) on a higher timeframe (HTF) to define market context. Instead of trading the initial FVG reaction, it waits for a confirmed invalidation of that HTF gap. Only after this invalidation occurs does the strategy search for a confirming Fair Value Gap on the lower timeframe (LTF) in the direction of the break. This creates a two-step logic: 1) Detect HTF Fair Value Gap and wait for price to interact with it. 2) After invalidation of the HTF zone, enter only on a newly formed LTF Fair Value Gap aligned with the break direction. Key Characteristics: – Invalidation-based logic (IFVG), not standard FVG continuation – Strict multi-timeframe structure (HTF context, LTF execution) – Rule-based entries and exits without discretionary input – Designed for backtesting, alerts, and automated execution – Optional session filtering and risk-controlled trade management How to Use: Apply the strategy on the lower timeframe specified in the settings. Select a higher timeframe for contextual structure. Trades are only triggered after a confirmed HTF invalidation followed by a valid LTF Fair Value Gap. This script is intended as a structured trading methodology for studying market behavior and systematic execution. It does not provide financial advice.
Pine Script® strategy
by linzing123
Liquidity Sweep IndicatorLiquidity Sweep Indicator A clean and lightweight indicator to visualize liquidity sweeps on lower and higher timeframes. Display LTF and HTF sweeps independently or together Custom timeframes, strength, colors, and styles for each timeframe Smart HTF alignment to avoid large visual gaps Open liquidity levels automatically update once swept Designed for Smart Money Concepts and liquidity-based trading, with a strong focus on clarity and minimal chart clutter.
Pine Script® indicator
by Marvin_Brh
TWR of Bill WilliamsThis indicator was taken from the book “Trading Chaos Pt 1” by Bill Williams. TWR contains 3 Moving Averages Ripple - MA with 5 bars length Wave - MA with 13 bars length Tide - MA with 34 bars length According to Bill Williams, you should take only a long position if the Ripple(5 bars length) is higher than Wave(13) and Tide(34). Also, you should take only a short position, if the Ripple (the fastest MA) is lower than Wave MA and Tide MA(slowest MA). This indicator is also used if you want to fill in the Profitunity Trading Partner table.
Pine Script® indicator
by vildstein
Kotobcap Market Regimes.Kotobcap Market Regimes — Description This indicator identifies market bias (Bull / Bear) using a mechanical structure break approach and tracks how often that bias was “correct” historically. What it plots Bias background: Teal = Bull regime Red = Bear regime Pivot dots: swing highs/lows based on the selected swing length (3 / 5 / 9 / custom). Shift dots (black): the candles where a regime shifts from Bull→Bear or Bear→Bull. Break-level line (optional): a horizontal line from the pivot level to the shift candle (pivot-based shifts only). Engulf diamonds (optional): when Engulf mode is set to WARNING, large ADR-filtered engulf candles are marked. How bias is calculated (core logic) The script finds confirmed swing pivots (pivot highs and pivot lows). A Bull shift occurs when price closes above the most recent pivot high. A Bear shift occurs when price closes below the most recent pivot low. Bias stays the same until the next opposite shift. Engulfing option (ADR20 filter) Engulfing uses the daily ADR20 to filter only “large” candles: A candle qualifies if its range is greater than engMult × ADR20. If Engulf mode is: OFF: ignored WARNING: plotted as diamonds only (does not change bias) EARLY SHIFT: can trigger a regime shift earlier than a pivot break Performance statistics (shift-to-shift regimes) A regime is the period between two shifts (shift → next shift). A regime is counted as correct if price moved in the direction of the bias by the time the next shift happened. The dashboard shows: Hit (Regime): total correct regimes ÷ total regimes (regime-weighted accuracy) Hit (YearAvg): average of each year’s hit rate (each year weighted equally; includes current year YTD if it has completed regimes) Hit (MedianYr): median of yearly hit rates (outlier-resistant “typical year” accuracy) Hit (YTD only): current year only (shows n/a until at least one regime ends this year) Reg/Yr + Regimes: how frequently regimes flip and the sample size YearsTotal / WithData / Missing: coverage and how many years had enough data to score Excl bars: % of candles excluded due to start date and/or flat-candle filtering Data filters Start Date: limits analysis to newer data (useful when older data is unreliable). Ignore flat candles: excludes zero-range / flat candles from calculations.
Pine Script® indicator
by ahmadkotob
Elliott Wave Pattern AnalyzerElliott Wave Pattern Analyzer Overview This indicator automatically detects Elliott Wave impulse patterns and diagonal formations on your chart. It analyzes price structure based on classic Elliott Wave rules and displays wave counts with confidence scores, Fibonacci projections, and invalidation levels. Why I Built This After reading Glenn Neely's book on Elliott Wave theory, I wanted to put my learning into practice by building something tangible. There's no better way to understand a concept than trying to code it! I'll be honest – corrective wave patterns (zigzags, flats, triangles, combinations) were simply too complex for me to implement reliably. So instead, I focused on what I could manage: impulse waves and diagonal patterns. Maybe someday I'll tackle the corrections, but for now, this is my humble contribution. The retracement visualization style was inspired by LuxAlgo's elegant approach – credit where credit is due! How It Works 1. Wave Detection The indicator uses pivot points to identify potential 5-wave structures: WaveRuleWave 2Cannot retrace more than 100% of Wave 1Wave 3Cannot be the shortest among Waves 1, 3, 5Wave 4Should not overlap Wave 1 territory (impulse)Wave 5Completes the motive structure 2. Pattern Types Impulse Waves Classic 5-wave motive structure Wave 3 typically extends (≥1.618 of Wave 1) Strict mode enforces all Elliott rules Diagonal Patterns Ending diagonal (wedge-shaped) Waves progressively contract Lines 1-3 and 2-4 converge to an apex Often signals trend exhaustion 3. Confidence Scoring Each pattern receives a confidence score (0-100%) based on: Fibonacci ratio adherence Wave proportion relationships Rule compliance Structural clarity Only patterns exceeding your threshold (default: 60%) are displayed. 4. Fibonacci Projections After Wave 5 completion, the indicator projects potential retracement levels: 0.382, 0.500, 0.618, 0.786 of the entire impulse 5. Extension Channel Connects Wave 0 origin to the retracement low, projecting: 0.618, 1.000, 1.272, 1.618 extensions Optional extended levels: 2.000, 2.618, 4.236 6. Invalidation Levels Shows the price level where the wave count becomes invalid – helping you know when your analysis is wrong. Settings Explained Impulse Wave Settings Pivot Length: Sensitivity of wave detection (recommended: 5, 7, 14) Strict Mode: Enforce all classic Elliott rules Min Wave 3 Extension: Minimum ratio for Wave 3 (default: 1.618) Diagonal Wave Settings Allow Wave 4-1 Overlap: Required for valid diagonals Extend Trendline: Project diagonal boundaries forward Projection Settings Fibonacci Levels: Customize retracement targets Extension Bars: How far projections extend on chart Pattern Management Max Patterns: Limit displayed patterns to reduce clutter Pattern Lifetime: Auto-remove old patterns after X bars Use Cases Trend Trading: Enter on Wave 3 or Wave 5 breakouts Reversal Spotting: Diagonal completion often signals reversals Target Setting: Use Fibonacci extensions for take-profit levels Risk Management: Invalidation levels provide clear stop-loss references Notes This indicator uses pivot detection and may repaint – signals are confirmed after the specified pivot length Designed for educational and analytical purposes, not as a signal generator Elliott Wave analysis is subjective – this is my algorithmic interpretation Works best on liquid markets with clear trend structure Not financial advice – always do your own research Re-publishing Notice This indicator was previously blocked due to some house rule violations on my part. I've recently had time to review and fix those issues, and I'm now re-publishing a compliant version. Thanks for your patience! Feedback Welcome I'm still learning Elliott Wave theory myself, so if you spot any issues or have suggestions for improvement, please leave a comment. Let's learn together! Happy trading! 📈
Pine Script® indicator
by RUpward
3