Wave Analysis

description: • Zig Zag indicator plots points on the chart whenever prices reverse by a percentage greater than a pre-chosen variable. • Forecasts area based on zigzag statistics. • Displays labels with detected patterns. • Displays slope information rate of price, time diferentials and angle(experimental)

devcard: trello.com

update: added optional option for marking the fractals with bgcolor (request for: faizal.mansor.908)

A gift from me to all. This script is developed to find Divergences for many indicators. it analyses divergences and then draws line on the graph. red for negatif, lime for positive divergences. Currently script checks divergence for RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, OBV, Diosc, VWMACD and CMF indicators. You can use some or all of these...

This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video. The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For...

The built-in implementation of the alligator is incorrect. It uses SMA with altered input parameters to approximate the true alligator indicator. The alligator was created with a supercomputer to model the elliott wave - it's very apart from other MA techniques. The built-in approximation (and similar techniques) and the true alligator yield very different...

EXPERIMENTAL: WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion. UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .

ZigZag Based on price oscilation. added pattern recognition, also added recognition of head and shoulders and contracting/expanding triangles to previous list of patterns :p Use Alt Timeframe: enables optional timeframes, use higher timeframes to reduce noise. Timeframe: said Alt Timeframe. Show Patterns: toggles Pattern Recognition on.

This is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming) The ZigZag pattern can be used to draw trendlines and S/R...

Based on traders.com

EXPERIMENTAL: Best method so far to draw the zigzag. Multi time frame options

This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video. The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike...

EXPERIMENTAL: WARNING: highly curve fitted results, if you dont know whats going on stay away.

EXPERIMENTAL: fan projection from zigzag.

This is a MACD divergence on 3 time-frames, 1h, 4h and 1D. Please insert the indicator into a 1h chart, otherwise change the lengths' inputs. you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors. H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish. Gray...

Script to find entries of Wolfe Wave Point 5 for Pinescript in Tradingview Dear followers, in my search for a good Wolfe Wave screener I havn't success. This is why I wrote my own script for find good Wolfe Waves entries for Pinescript in Tradingview. The script calculate the relationsship between wave 4 (point 4 to point 5) and wave 3 (point 3 and point 4) in...

EXPERIMENTAL: request for CharanTejaM zigzag may be adjusted to use other methods. zigzag repaints, use at your own discretion.

Update to the zigzag, now it ignores the second top/bottom untill it finds a inversed top/bottom. TBTBTBTBTBTBTB instead of TBBTTBTBBTBTTB. Updated to V8, link bellow in the related ideas.