The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
Release Notes:
Update
Release Notes:
Update setting
Release Notes:
Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.
Release Notes:
Bug fixes
Release Notes:
Add the "imbalance zone," which is depicted as a blue box.
Release Notes:
Fixed bugs and added color options for Imbalance
Release Notes:
Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or Low
Release Notes:
Add a red line to indicate it is a CHOCH signal and notify the CHOCH signal
Release Notes:
Add the Orders block shown by the green box
Release Notes:
Updated top and bottom creation rules
Release Notes:
Fixed code error in determining bos points
Release Notes:
Fixed error in determining top and bottom creation positions
Release Notes:
Fix error in determining top and bottom
Release Notes:
Update CHoCH points (Change of Character)
Release Notes:
Fix the error of getting CHOCH position when there is a sweep
Release Notes:
Fix bug
Release Notes:
Update BOS position when candle wick breaks through
Release Notes:
Fixed breakout position when there is sweep and BOS signal