OPEN-SOURCE SCRIPT
Hosoda Waves Phuyupata en
An interactive A-B-C price-projection tool based on the classic Hosoda wave theory (値幅観測論 / Ichimoku target-price theory). Click three points on the chart — A, B, C — and the script calculates the four classic Hosoda target levels plus their key derivatives:
N = C + (B − A)
NT = C + (C − A)
V = B + (B − C)
E = B + (B − A)
(V+N)/2 and (N+NT)/2 — midpoint targets between the two most commonly used levels
Independent x2 / x3 multiples for waves V and E, so you can project extended targets beyond the base calculation
How to use it
Add the indicator to your chart.
Click three points in order — A, B, C — when prompted (2 clicks per point: one for price, one for time, due to a TradingView API limitation, so 6 clicks total).
Adjust visibility, colors, transparency, line length, and label placement in the settings.
Note on re-anchoring: the A-B-C points are indicator inputs, not native drawing objects, so they don't automatically move to a different instrument if you switch symbols on the same chart. To reposition them, open Settings and click the pencil icon next to each point.
Fully configurable appearance
Toggle each wave (N, NT, V, E, averages) independently
Separate colors and transparency for base levels vs. x2/x3 multiples
Font size, label style (outline/flat), number format (0–4 decimal places)
Label position: horizontal (left/center/right of the line) and vertical (on the line / above / below, offset by a multiple of ATR)
Line style, width, and length (in bars) fully adjustable
Built-in alerts when price crosses N, NT, V, or E
Based on the open-source script "Hosod@ Wves+Fibo" by WD_GANN, extended and reworked to remove the Fibonacci extensions and add configurable multiples, averages, and full visual customization. Published under the Mozilla Public License 2.0, per the terms of the original work.
This tool is for educational and analytical purposes only and does not constitute financial advice.
N = C + (B − A)
NT = C + (C − A)
V = B + (B − C)
E = B + (B − A)
(V+N)/2 and (N+NT)/2 — midpoint targets between the two most commonly used levels
Independent x2 / x3 multiples for waves V and E, so you can project extended targets beyond the base calculation
How to use it
Add the indicator to your chart.
Click three points in order — A, B, C — when prompted (2 clicks per point: one for price, one for time, due to a TradingView API limitation, so 6 clicks total).
Adjust visibility, colors, transparency, line length, and label placement in the settings.
Note on re-anchoring: the A-B-C points are indicator inputs, not native drawing objects, so they don't automatically move to a different instrument if you switch symbols on the same chart. To reposition them, open Settings and click the pencil icon next to each point.
Fully configurable appearance
Toggle each wave (N, NT, V, E, averages) independently
Separate colors and transparency for base levels vs. x2/x3 multiples
Font size, label style (outline/flat), number format (0–4 decimal places)
Label position: horizontal (left/center/right of the line) and vertical (on the line / above / below, offset by a multiple of ATR)
Line style, width, and length (in bars) fully adjustable
Built-in alerts when price crosses N, NT, V, or E
Based on the open-source script "Hosod@ Wves+Fibo" by WD_GANN, extended and reworked to remove the Fibonacci extensions and add configurable multiples, averages, and full visual customization. Published under the Mozilla Public License 2.0, per the terms of the original work.
This tool is for educational and analytical purposes only and does not constitute financial advice.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.