A ZigZag Like based on candle close. A lot of options that can be hide in options. Triangle/bright - reversal confirmation candle Circle/dark - higher/lower candle breakout Square/light - Insidebar
This is another among zillions of attempts at a moving average of a security. More precisely, two attempts at one go). The zzoid function generates a zigzag-like MA that can adopt different forms. The stepline function creates, sure enough, a stepline.
description: • Zig Zag indicator plots points on the chart whenever prices reverse by a percentage greater than a pre-chosen variable. • Forecasts area based on zigzag statistics. • Displays labels with detected patterns. • Displays slope information rate of price, time diferentials and angle(experimental)
The Indicator plots ZigZags and then overlays Fibonacci Levels (With Extension and Retracement Levels). W have also programmed the indicator to search for Bullish/Bearish chart patterns in the form of ABC's, ABCD's, 3 Drives , BAT etc etc. We have also added multiple time frame (MTF) options so the script will search for swing Highs/Lows over a larger...
One of my favourite indicators we have created over an extremely creative weekend while also watching Bitcoin keep pushing on! The Indicator plots ZigZags and then overlays Fibonacci Levels (With Extensions). I have also programmed the indicator to search for Bullish/Bearish chart patterns in the form of ABC's, ABCD's, 3 Drives, BAT etc etc. This evening we have...
This indicator plots the major points possible points of reversal in the market
naive level forecasting of multiple zigzag's based on this principle:
Multiple Statistics from zigzag: • Price range between swings. • Bar range between swings. returns maximum value, avg value and mean deviation. if you find something missing, please leave a message bellow.
This is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming) The ZigZag pattern can be used to draw trendlines and S/R...
Introduction Making lines is great in technical analysis since it can highlights principal movements and make the analysis of the price easier when using certain methodologies (Elliott Waves, patterns). However most of the indicators making lines (Zig-Zag, simple linear regression) are non causal (repaint), this is the challenge i tried to overcome, making an...
A gift from me to all. This script is developed to find Divergences for many indicators. it analyses divergences and then draws line on the graph. red for negatif, lime for positive divergences. Currently script checks divergence for RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, OBV, Diosc, VWMACD and CMF indicators. You can use some or all of these...
This indicator constructs dynamic high/low price range levels, based on 3 point fractals. Trend lines are drawn (zigzag style) at fractal points when trend direction is clearly established. This is a lagging indicator: fractals lag by one bar and trend lines can lag by many bars. However, its strength lays in objectively defining historic price action: e.g....
This is a wave counting tool for my methodology with little addition of drawing high low sections of wave reversal as local support / resistance. Please don't contact me for getting access, these tools are only available for my students. The English version of website and learning materials are under development and soon they will be ready. I will announce it...
For all markets and all timeframes, based on Constance Brown's observation, that rsi bull range is 40 to 80 and bear's 20 to 65 (almost strictly). The histogramm tells you which longer term market you#re in. The short term curves identify the wave within the trend (similat to EW impulse / corrective) incl. overdoing action Example: longterm= green, wave =red-->...
Based on Rick Santos ' Swing Charts V1 Darvas Box V0.1' However I have migrated script to pine version 3, customized to suite and added a higher number for the trend count
simple example showing how to use na to create straight lines that "repaint" as the latest bars update.