OPEN-SOURCE SCRIPT

Function Square Wave

This is a script to draw a square wave on the chart, with an indicator for current price.

Markets undergoing Dow Jones or Wyckoff Accumulation/Distribution cycles tend to move in such waves, and if the period of the cycles are detected, a signal for accumulation/distribution phases can be created as an early warning.

Useful inputs:
- Average True Range as the wave height.
- Assumed Wave period as the wave duration.

I divided the current price wave by 2 to make the indicator more visually friendly.

GLHF
- DPT

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.