OPEN-SOURCE SCRIPT
Infinity Signal- High & Low Memory Locations
High & Low Cycle Memory Locations is a visual cycle-location tool designed to mark repeated price high and price low areas directly on the chart.
The indicator uses RSI pivot highs and RSI pivot lows to identify previous turning points. After a pivot is detected, the script compares that location against prior cycle locations using the selected cycle length and tolerance setting.
Each balloon shows whether the area was a Price High or Price Low, followed by a Location Hit count. For example, Location Hit twenty-five times means that similar high or low locations have repeated twenty-five times within the selected cycle-memory rules.
The projected balloons show the next probable Price High and Price Low locations based on either Recent Rhythm or the selected cycle-memory model.
Recommended 122-day cycle settings:
1 Hour chart: 2928 bars
2 Hour chart: 1464 bars
4 Hour chart: 720 bars
6 Hour chart: 488 bars
8 Hour chart: 366 bars
12 Hour chart: 244 bars
1 Day chart: 122 bars
These settings are included so users can configure the indicator correctly for the chart timeframe they are using. The 4 Hour setting uses 720 bars.
The Location Hit count depends on the selected cycle length and tolerance setting. Different assets and timeframes may require adjustment.
This indicator does not predict the exact price. It is designed to highlight timing areas where highs or lows have historically repeated. It should be used as a visual timing reference alongside price action, trend, support and resistance, volume, and risk-management methods.
This is not trading advice. Always do your own research.
The indicator uses RSI pivot highs and RSI pivot lows to identify previous turning points. After a pivot is detected, the script compares that location against prior cycle locations using the selected cycle length and tolerance setting.
Each balloon shows whether the area was a Price High or Price Low, followed by a Location Hit count. For example, Location Hit twenty-five times means that similar high or low locations have repeated twenty-five times within the selected cycle-memory rules.
The projected balloons show the next probable Price High and Price Low locations based on either Recent Rhythm or the selected cycle-memory model.
Recommended 122-day cycle settings:
1 Hour chart: 2928 bars
2 Hour chart: 1464 bars
4 Hour chart: 720 bars
6 Hour chart: 488 bars
8 Hour chart: 366 bars
12 Hour chart: 244 bars
1 Day chart: 122 bars
These settings are included so users can configure the indicator correctly for the chart timeframe they are using. The 4 Hour setting uses 720 bars.
The Location Hit count depends on the selected cycle length and tolerance setting. Different assets and timeframes may require adjustment.
This indicator does not predict the exact price. It is designed to highlight timing areas where highs or lows have historically repeated. It should be used as a visual timing reference alongside price action, trend, support and resistance, volume, and risk-management methods.
This is not trading advice. Always do your own research.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.