Elliott Wave

Zigzag Cloud This is Bollinger Band built on top of Zigzags instead of regular price + something more. Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement. Middle line is moving average of last N zigzag pivots Lines adjacent to moving average are also moving averages. But, they are made of only pivot highs and pivot lows. Means, line above moving average is pivot high moving average and line below moving average

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Weis Wave Volume Numbers What is it? This is an indicator to complement @modhelius' Weis Wave Volume Indicator. Original code has been modified to display wave volume (cumulative) numbers above or below the latest candle of the corresponding wave on the main pane. Since we are concerned only with relative volume, VOLUME NUMBERS HAVE BEEN SCALED DOWN. (If you need actual volume numbers, uncheck "Scale Down Volume" option in Settings). Rising wave volume is denoted in green. Falling wave volume is denoted in red. Devel

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by the_MarketWhisperer

Elliot Wave - Impulse Lets dabble a bit into Elliot Waves. This is a simple script which tries to identify Wave 1 and 2 of Elliot Impulese Wave and then projects for Wave 3. Ratios are taken from below link: elliottwave-forecast.com - Section 3.1 Impulse Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 - used for identifying the pattern. Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 - used for setting the targets Important input parameters Length : Zigzag Length. Keep the numbers low

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Linear Regression & RSI Multi-Function Screener with Table-Label Hi fellow traders.. Happy to share a Linear Regression & RSI Multi-Function Custom Screener with Table-Labels... The Screener scans for Linear Regression 2-SD Breakouts and RSI OB/OS levels for the coded tickers and gives Summary alerts Uses Tables (dynamica resizing) for the scanner output instead of standard labels! This Screener cum indicator collection has two distinct objectives.. 1. Attempt re-entry into trending trades. 2. Attempt Counter trend trades using linear regression , RSI and

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Auto Fib Time Zones and Trend-Based Fib Time by DGT Fibonacci time zones, based on the Fibonacci number sequence, are vertical lines that represent potential areas where a swing high, low, or reversal could occur. Trend-Based Fib Time shows probable price corrections in an existing trend. A useful tool to use in addition to Elliot Wave counting, Fib Time helps to identify how far the wave is likely to travel Please note, Time zones aren't concerned with price, only time Disclaimer : Trading success is all about following your trading strate

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Zig Zag Channels [LuxAlgo]The Zig Zag indicator is a useful indicator when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs. This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past. 🔶 USAGE The Zig

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ZigZag (Using Line Array)This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code. Few possible improvements: Use label array to mark HH, HL, LH and LL Add standard deviation check

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Detrended Rhythm Oscillator (DRO)How to detect the current "market beat" or market cycle? A common way to capture the current dominant cycle length is to detrend the price and look for common rhythms in the detrended series. A common approach is to use a Detrended Price Oscillator (DPO). This is done in order to identify and isolate short-term cycles. A basic DPO description can be found here: www.tradingview.com Improvements to the standard DPO The main purpose of the standard DPO is to analyze historical data in orde

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by StockMarketCycles

Zig Lines with Percent & Value Overview, Features, and Usage: The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts. What makes this indicator unique is that it draws a green line to signify an uptrend or a red line to signify a down trend. It will also show the per

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ADX Signals This script uses the Average Direction Index, On Balance Volume, and Exponential Moving Average, Moving Average Cross, MACD, Donchian Channels and two Parabolic SARs for stop loss, a normal one and a line one. I tried to make the script as straightforward as possible, Buy when there is a buy signal and sell when there is a sell signal. I like using it on the smaller time-frames because I'm a scalper and I like going in and out quickly, but this indicator can be used on any timeframe and works on

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LTB Zigzag Circles Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period as you wish and see the different results. Here you can see how the script calculates and draws the Circles: Below you can see how

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by LonesomeTheBlue

Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag. Common setting options, applied to all components of the study Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Levels Depth , affects the minimum number of bars tha

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Fibonacci Extension / Retracement / Pivot Points by DGT Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ This study combines various Fibonacci concepts into one, and some basic volume and volatility indications █ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels. PP, resistance and support values are calculated in different ways, depending on the type of the i

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Auto Fib Speed Resistance Fans by DGT Fibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on which a set of sequential speed resistance lines are drawn above (which represents time) and below (which represents price). These line

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Auto Pitchfork, Fib Retracement and Zig Zag by DGT Pitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork It is created by placing three points at the end of previous trends Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork In general, traders w

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Support and Resistance Levels (v.3)Support and Resistance Levels augmanted and reprocessed Description: This is an augmented version of my earlier script that can be found here: This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering procedures are used only for performance testing, not for the actual labelling. The labelling is governed by zigzag logic.

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Donchian Zig-Zag [LuxAlgo]The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential support/resistance lines. User Settings Length : Period of the Donchian channel indicator, higher values will return fewer changes of directi

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zigzag support&resistance levels [LM]Hello Traders, I would like to introduce you zigzag support&resistance levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal I h

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Semafor Hello Traders! I have been away for a while but am recovering back gradually! Here is a gift to all of you. It is based on the much loved ZigZag++ Script The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal To e

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Tweezers and Kangaroo Tail Hello Traders, Here Tweezers and Kangaroo Tail script is in your service. The script searches for Tweezer / Kangaroo Tail candlestick patterns and shows them as T (Tweezer) and K (Kangaroo Tail). Thanks to RorschachT who game me the idea and some details while working on this script. What are these candlestick patterns? Tweezers : - A tweezers pattern occurs when the highs/Lows of two candlesticks occur at almost exactly the same level - Both candles must have wicks - Bigger Wic

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by LonesomeTheBlue

Double Zig Zag with HHLL Hello Traders, Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down then LH can turn to HH. This script can be used for different purposes such trend analysis, support/resistance levels, breakouts etc.

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by LonesomeTheBlue

Easy System 420 In this strategy, 15 indicators are used, each giving its results as a numerical value, which then is added or subtracted from the total points, gathered from all 15 indicators. Many thanks to RafaelZioni for his great work making the EasySys1 script which i modified to create this script. Onchart is drawn some of the indicators, but not all, a info panel is drawn showing the value each indicator has calculated. The info panel can be turned on or off. Many of the indicator settings can be chan

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ABCD Harmonic Patterns Shows Bullish and Bearish AB=CD Harmonic Patterns with Pivot High, Pivot Low and Pivot Line

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by ar_volumetrader

[RS]ZigZag Multiple Methods - Forecast - patterns - labels experimental: zigzag indicator with all the zigzag methods that im aware of(that matter atleast), theres something for all tastes there :P this will be the basis for zigzag tools i make in the future. note: some zigzags REPAINT.

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by RicardoSantos