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Wave Analysis

Market Compass [yoxxx]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--> Bullmarket, corrective wave etc. (I locked this one to remind you that the length of the indicators are essential)
Pine Script™ indicator
by dep0tyoxxx
1
Levels and Zones • Minimalist TradingThe Levels and Zones is a leading indicator which automatically identifies the best support and resistance levels as well as their corresponding bullish and bearish zones. The indicator constantly detects and highlights for you the optimum levels and zones where you will find the greatest opportunities to go long or short . As soon as the market moves to a new level with the Levels and Zones you will be ready to catch the next profitable trade . The indicator is available via subscription and you can enjoy a  free trial . To know more about the indicator and start the trial simply visit the link below. ➡  Try the indicator
Pine Script™ indicator
by a.b
38
BullTrading ZigZagSome people say the ZigZag indicator is the Holy Grail... I think half of this statement is true :) This is an alert friendly ZigZag indicator with MultiTimeframe Capabilities, it will alert you each time the ZigZag plots a new line (Higher Timeframe ZigZags are plotted with respective timeframe offset). Note: The indicator works on higher timeframes (D and above) Default Resolution is D, adjust resolution to your favorite timeframe and Min % Use in conjunction with your Fib tool and enjoy.
Pine Script™ indicator
by BullTradingAM
4
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
Pine Script™ indicator
by modhelius
20
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
Pine Script™ indicator
by modhelius
86
Wolfe Waves Signals [NXT2017] by the rules of Bill WolfeScript to find entries of Wolfe Wave Point 5 for Pinescript in Tradingview Dear followers, in my search for a good Wolfe Wave screener I havn't success. This is why I wrote my own script for find good Wolfe Waves entries for Pinescript in Tradingview. The script calculate the relationsship between wave 4 (point 4 to point 5) and wave 3 (point 3 and point 4) in combination with the relationsship of wave 3 and wave 2 (point 2 to point 3). The first relationship should like the rules be 127.2 % and the second relationship 68.2% - but not every pattern join in this rule. This is why I give a little room to move around this values. In one hand the higher the green peak, the longer and stronger the wave for buysetup and on the other hand the lower the red Peak, the longer and stronger the wave for sellsetup. My skills didn't sufficient for show the lines of Wolfe Waves. If you have a modified version with lines with EPA and ETA Points, so please be so Kind to inform me. Of course, not every signal is a good signal, so look to the rules of Bill Wolfe and on a perfect pattern be active. At least I wish everyone a good tradingtime.
Pine Script™ indicator
by NXT2017
18
Fractal Composites Ribbon (V2)Compresses 8 fractal oscillator timescales into a ribbon of up to 5 composite lines. This is a smoother version of the original Fractal Composite with alerts on reversals in the overbought/oversold zones. Fractal Composites normalize and 'cartoonize' the price chart to fit and bounce between statistically-defined overbought and oversold zones. Each lines resembles the shape of the price wave on a different time/size scale, with some distortion as the size of price movement fluctuates. Conceptually, reaching the overbought/oversold zone corresponds to price reaching a ribbon of Bollinger bands, though our 'band statistics' are much smoother and more mathematically sophisticated than standard Bollinger. Because markets have similar fractal behavior across all timescales, this indicator applies to any timescale, from 1 minute to 1 hour or 1 day. You shouldn't really need to futz with the numerical parameters -- the most important choice is your chart timescale for how fast you want to trade. A faster timescale will show you more dotted reversals in the overbought/oversold zones to trade. The 'Show...' checkboxes let you choose how many composite lines, lag lines, and crosses to see. Information overload? Or a reminder that any single indicator embeds many assumptions about time and price scale in its signal...
Pine Script™ indicator
by pythagoras
11
BullTrading Chaos Trend WaveHave you ever wonder how the Elliott Wave looks like? If you trade with price action you are going to love this stuff... It is based on the same Mandelbrot Chaos Theory principles in order to trade with Bill Williams fractals. Chaos Trend Wave indicator displays in your chart the different Elliott wave layers making price action trading very intuitive. The standard settings are 126, 1, 5, 21 displaying the immediate bigger wave from your current layer, display settings for your current layer and "balance point" are: 126, 1, 3, 13. Use Fib sequence in the last two numbers in order to correctly change between wave layers: 126, 1, 8, 34 and 126, 1, 13, 55 (This is the higher setting, it is very useful to spot and trade trending markets).
Pine Script™ indicator
by BullTradingAM
15
Fractal Quad Components8 Fractal Resonance Component indicators on a chart eats up LOTS of vertical space, so we're providing this Fractal Quad Components script to group 4 components a bit more compactly (eliminating the margin whitespace between indicator rows). To view 8 components you'll need to add a second instance of this script to your chart and set its Base Timescale Multiplier to 16. Then grab the dividers to stretch both instances to a good viewing height. One disadvantage of this grouping method is that to read off the x2, x4, and x8 lead and lag line values, you'll need to mentally add 200, 400 or 600 respectively. We also replaced the "Extreme" > +-100% black crosses (+) with more subtle purple circle outlines. These extreme crosses are often (but not always) too early to be a major reversal so it's best not to overemphasize them. Significant crosses (> +-75%) are still highlighted with black circle outlines, and are the most likely to be major reversals for buy/sell. Note how the 30-minute oscillator (2nd row) showed the cleanest (black-outlined) reversals on the S&P for the last week of 2016, with just a bit more profit-eating lag than the 15-minute oscillator above.
Pine Script™ indicator
by pythagoras
9
Fractal Resonance CompositeFractal Resonance Composite compresses 8 timescales of stochastic oscillators into just 3 color-coded composite lines: fast, medium and slow. Fast emphasizes the shorter timescale oscillators, medium considers all 8 timescales evenly, and slow emphasizes the longer timeframe oscillators. The composite lines indicate how overbought/sold the market is relative to the size of its recent movements. Major buys occur when all three composites enter the Oversold (green shaded) range and turn up, and major sells when all three reach the Overbought (red shaded) range and turn down. The fast line's quicker reversals and exaggerated alternations on smaller price moves makes it more fit for scalping. Notice the fast and medium lines tend to snap back toward the slow line like stretched rubber bands. As is particularly apparent in the slow line, the nifty mathematics of the compositing process reconstruct the topology (peaks and valleys) of the underlying price curve in a smoothly distorted "cartoon" form that has a very useful property: the composite lines are confined to +-100% Extreme Overbought/sold oscillatory ranges. (By definition, only extremely rare "parabolic" moves can push all 3 composites beyond +-100%). If we knew that price would always stay confined to a certain range, trading would be much easier, no? Always buy the bottom of the range and sell the top! How it works To understand what's behind this nifty property, consider the mathematics of LazyBear's WaveTrend port . The formula is fairly simple as indicators go yet statistically fundamental in a way that suggests it should have been the grandfather of all market stochastic oscillators. It's just a running average of the ratio: (price's current deviation from it's mean) ----------------------------------------------------------- (running average of absolute |price deviation from the mean| ) In formal statistics notation this is written: E{ (X - E{X}) / E{|X-E{X}|} } Where X is the price random variable and E{} the averaging or Expectation operator, implemented in this oscillator as exponential moving averages. Conceptually, the denominator measures and normalizes by the typical size of recent price moves. This normalization process is what stretches or compresses the local price movements such that the whole composite curve can stay within the oscillatory range. Attributes The default fast=.6, medium=1, slow=1.4 compositing factors give each line visually distinct behavior, but can be tweaked to emphasize different oscillator "speeds". Particular lines can be disabled by setting their line width to 0.
Pine Script™ indicator
by pythagoras
5
Fractal Resonance BarLazyBear's WaveTrend port has been praised for highlighting trend reversals with precision and punctuality (minimal lag). But strong "3rd Wave" trends can "embed" or saturate any oscillator flashing several premature crosses while stuck overbought/oversold. This happens when the trend stretches over a longer timescale than the oscillator's averaging window or filter time constant. Our solution: monitor many timescales. With Fractal Resonance Bar's rich color codings, strong wavefronts form across timescales and jump out like an approaching line of thunderclouds! Fractal Resonance Bar color-codes the status of eight underlying stochastic oscillators, with each row averaging over twice the time of the row above. Fractal Resonance Bar shifts its timescales along with your choice of main chart timescale: 1 minute chart: 1 minute through 128 minute (~2 hour) oscillators. 15 minute chart: 15 minute through 1920 minute (~32 hour) oscillators. 1 hour chart: 1 hour through 128 hour (~2 week) oscillators. Daily chart: 1 day through 128 day (~4 month) oscillators. The color map is configured as follows: Hot Pink: Extreme Overbought (> 100%) rolled over to sell, but oscillators probably embedded with more upside (revert to Dark Green) possible after a pause. Deep Red: Overbought (> 75%) crossover ripe for selling (validated when red spreads to timescales below). Brown: Minor (< 75%) crossover sell from which could bounce back green or start a plunge toward gray/black. Gray/Black: Mature (< -75%) sells turning full black in a plunge before the dawn. Lime Green: Extreme Oversold (< -100%) and bouncing, though may yet bottom even lower. Green: Oversold (< -75%) crossover ripe for buy. Green spreading to all timescales below will validate bottom is in. Dark Green/Teal: Mature buy in overbought (> 75%) range, waiting for sell crossover to Hot Pink for a pause or correction. White Stripes are Impulsive Trend Warning Fractal Resonance Bar warns of oscillator embedding by showing white stripes when it detects strong, early surges in the timescale rows below.The white stripes usually accompany Hot Pink warning it's too early to go short, or Lime Green warning it's too early to go long. Heeding these warnings will probably miss the exact top or bottom, but you're less likely to get overrun in a momentum move. Usually the market gives us a second opportunity to short very close to the top or buy very close to the bottom after the warning white stripes have subsided. NOTE: Recently rolled over Futures contracts may not have enough history for all oscillator calculations, in which case no bar colors will appear. Tweakable Attributes The default Channel Length, Stochastic Ratio Length and Lag Length work reasonably well on all timescales in our experience. Minor tweaks don't hurt but this may just overfit to a particular chart history. We don't recommend changing the 75% Overbought and 100% Extreme Overbought default levels as these are ideal numbers relative to the underlying oscillator statistic calculations. But these settings can shift the color transition levels. Embedded attribute controls the sensitivity/conservativeness of the white strip embedding detectors. Closer to 75 increases the warning sensitivity while closer to 100 decreases the aggressiveness of blocking white stripes. Embed Separation also affects the white stripe sensitivity. Row width increases each row's thickness to fill the available screen height you've afforded the bar.
Pine Script™ indicator
by pythagoras
12
Fractal Resonance ComponentLazyBear's WaveTrend port has been praised for highlighting trend reversals with precision and punctuality (minimal lag). But strong "3rd Wave" trends can "embed" or saturate any oscillator flashing several premature crosses while stuck overbought/oversold. This happens when the trend stretches over a longer timescale than the oscillator's averaging window or filter time constant. Our solution: simultaneously monitor many oscillator timescales. Watch for fresh crossovers in "dominant" timescales alternating most smoothly between the overbought (red shade) and oversold (green shade) range. Fractal Resonance Component facilitates simultaneous viewing of eight timescales that are power of 2 multiples of the chart timescale. Each timescale shows lead line, lag line, lead-lag difference, and crossover marks. Add 4 to 8 copies to your chart for a good multi-fractal read. Format * the "Timescale Multiplier" attribute of each row to be twice that of the row above for a sequence like 1, 2, 4, 8, 16, 32, 64, 128... Fractal Resonance Component shifts its timescales along with your choice of main chart timescale: 1 minute chart: 1 minute through 128 minute (~2 hour) oscillators. 1 hour chart: 1 hour through 128 hour (~2 week) oscillators. Daily chart: 1 day through 128 day (~4 month) oscillators. Crossovers in different oscillator ranges tend to have different meanings: Minor (< 75%) crossovers: small green/red dot usually noise Overbought/Sold crossovers (shaded 75 to 100%): black outlined dot (o) reliable reversal indicators (when they appear alone) Extreme Overbought (> 100%) crossovers: black outlined plus (+). Can be a major reversal in fast markets, but usually portend the end of Elliot 3rd waves with just a small corrective (4th wave) retrace before the larger impulsive (5-wave) sequence resumes in original direction. The final 5th-wave terminus should appear later as a lone non-extreme (black outlined circle) crossover on a slower timescale coincident with weaker (non-extreme) dot crosses on this timescale. Careful examination of historical charts leads to many useful observations such as: Dominant crossovers punctuating true reversals are usually in the green/red shaded ranges with black outlined dots (o) rather than minor or Extreme (+) ranges. Due to market's fractal nature, two well-separated timescales like 1 minute and 1 hour can show dominant crosses simultaneously in opposite directions, e.g. the 1 minute showing a very short term high and the 1 hour a medium term low nearby. Staying Nimble Watch out for embedding on your supposedly dominant timescale -- a second cross while stuck in the overbought/oversold region suggests a stronger, longer trend than expected. Drop your eyes to a slower timescale below for the real dominant whose crossover will validate main trend reversal. Embedding can often be predicted even at the first cross mark by checking whether the green lead line of the next slower timescale (one row below) has already hit the Overbought or especially the Extreme Overbought range but isn't close to rolling over. Fractal Resonance Bar (to be published) uses this principle to mark embedded timescales with white stripes, warning of a powerful trend wave on longer timescales you shouldn't fight until the white stripes subside. Overnight gaps surge all timescales in ways that obscure the dominant timescale, so for shorter than daily charts, these methods work best on Futures contracts that only suffer weekend gaps.
Pine Script™ indicator
by pythagoras
7