OPEN-SOURCE SCRIPT

Hosoda Wave

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This script is based on Hosoda's wave theory (related to Ichimoku).
This theory states that a fisrt impulse, correction and second impulse will form a wave.
The aim here is to select four points (A, B, C, D) that will form the wave.

The tool will then calculate and project the probabilities in the form of price levels, as well as a time box.
It will give the projection (the second impulse) for the ABC (first impulse + correction). And also the projection for the BCD.
If you only want the projection for the ABC, you can select a point D before the point C and it will not show the projection for the BCD.

There are a lot of displays options (hide and show) and also cosmetic options (colors).

Special option : since it's not possible to select a point in the future. There is a possibility to create an Offset for the point C and also the point D

Important note : because of time calculation reasons, the tool will not correctly display the time box for assets that are not open 24/7. But the price levels are good.

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