OPEN-SOURCE SCRIPT
Harmonic Sine Waves model plot
Hey,
Here is another tool that I created. I could not find anything similar.
This script is creating a sine wave, based on the given length, amplitude, horizontal vertical offset.
After this it plots also nearest harmonics to the base sine wave and draws it on the chart.
At the last step it sums up the value for base sine wave with its harmonics.
This is a great way to experience how 4 basic sine waves, when summed up, are creating more complex chart.
This shows that the 'chaotic' chart can be built on just a few most important factors.
You do not have to "know every single fact" about the asset to make a proper forecast.
You just need those most important.
It is crucial though, to offset the chart in a correct way, so it is in phase with the asset that we work on.
Here is another tool that I created. I could not find anything similar.
This script is creating a sine wave, based on the given length, amplitude, horizontal vertical offset.
After this it plots also nearest harmonics to the base sine wave and draws it on the chart.
At the last step it sums up the value for base sine wave with its harmonics.
This is a great way to experience how 4 basic sine waves, when summed up, are creating more complex chart.
This shows that the 'chaotic' chart can be built on just a few most important factors.
You do not have to "know every single fact" about the asset to make a proper forecast.
You just need those most important.
It is crucial though, to offset the chart in a correct way, so it is in phase with the asset that we work on.
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.
Disclaimer
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