Stock Jock

Bungee

727 6 32
Wavy Tunnel Trading Method
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study(title="Bungee", shorttitle="Bungee")

OverBought = hline(80)
OverSold = hline(20)

length1 = input(76, minval=1), smoothK1 = input(4, minval=1), smoothD1 = input(4, minval=1)
k1 = sma(stoch(close, high, low, length1), smoothK1)
plot(k1, color=orange)

length2 = input(3, minval=1), smoothK2 = input(3, minval=1), smoothD2 = input(3, minval=1)
k2 = sma(stoch(close, high, low, length2), smoothK2)
plot(k2, color=green)

length3 = input(16, minval=1), smoothK3 = input(3, minval=1), smoothD3 = input(3, minval=1)
k3 = sma(stoch(close, high, low, length3), smoothK3)
plot(k3, color=blue)

length4 = input(8, minval=1), smoothK4 = input(3, minval=1), smoothD4 = input(3, minval=1)
k4 = sma(stoch(close, high, low, length2), smoothK4)
plot(k4, color=red)

length5 = input(14, minval=1)
upper = highest(length5)
lower = lowest(length5)
WP = 100 * (upper - close) / (upper - lower)
plot(WP, color=purple)

length6 = input(2, minval=1)
up = rma(max(change(close), 0), length6)
down = rma(-min(change(close), 0), length6)
RSI = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
plot(RSI, color=black)
jackvmk
2 years ago
thanks for this interesting indicator. could you explain how it track elliiot waves?
+1 Reply
Stock Jock jackvmk
2 years ago
Sorry, but I've been trying to delete this post; because I discovered errors in my code after I posted it.
+1 Reply
jackvmk Stock Jock
2 years ago
no problem mate, i could wait version 2.
+1 Reply
Stock Jock jackvmk
2 years ago
It's really not possible to explain how this works with the Elliot Wave in a forum, because it's extremely complicated. This type of training has been done online classes. It's called the "Wavy Tunnel Trading System". I'm not trying to avoid your question, but the class is several months of online webinars that can't be explained in a few messages. Your welcome to use my indicators though.
+1 Reply
jackvmk Stock Jock
2 years ago
i read something about wavy tunnel method and i only found regee's wave, vegas tunnel and 12 ema indicators in it. i cant found anything about bungee's signals.
+1 Reply
Dem0n
a year ago
HI,Friend
thank you for your sharing "bungee",i like it very much,But your indicators have a small error(length5 is error),can you help me to fix it? thank you very much.

Best regards
Reply
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