OPEN-SOURCE SCRIPT
Auto Hosoda Waves by TheSocialCryptoClub
Name: Auto Hosoda Waves
Category: Indicator
Timeframe: Any Timeframe.
Description: Auto Hosoda Waves uses Zig-Zag to calculate bullish and bearish impulses.It then considers the last Zig-Zag movements to calculate the ABC pattern
Suggested usage: Use on any timeframe. From the configuration of the indicator it is possible to calculate waves also from past ABC patterns, so as to adapt to the trader's intuition.
Technical Details: Internally uses the Zig-Zag indicator for understanding the bounces. From bounces identifies the ABC patterns and uses the Hosoda Waves formulas to print the levels on the screen.
Credits:
- Technique has been explained by Corrado Rondelli in “Ichimoku Kinko Hyo. Operatività sui mercati”
- It is based on the Zig-Zag indicator of TradingView to calculate the Zig-Zag.
- Hosoda Waves calculation from Hosoda Waves by Rexio and modified by PawTar
Category: Indicator
Timeframe: Any Timeframe.
Description: Auto Hosoda Waves uses Zig-Zag to calculate bullish and bearish impulses.It then considers the last Zig-Zag movements to calculate the ABC pattern
Suggested usage: Use on any timeframe. From the configuration of the indicator it is possible to calculate waves also from past ABC patterns, so as to adapt to the trader's intuition.
Technical Details: Internally uses the Zig-Zag indicator for understanding the bounces. From bounces identifies the ABC patterns and uses the Hosoda Waves formulas to print the levels on the screen.
Credits:
- Technique has been explained by Corrado Rondelli in “Ichimoku Kinko Hyo. Operatività sui mercati”
- It is based on the Zig-Zag indicator of TradingView to calculate the Zig-Zag.
- Hosoda Waves calculation from Hosoda Waves by Rexio and modified by PawTar
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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