go8686

9 Seasons Rainbow Multiple Time Frames Pattern PRO [9SPEN]

The indicator discovers profitable patterns by associating Price Season of multiple time frames.

Full Name: 9 Seasons Rainbow - Multiple Time Frames Associated Price Wave Pattern Indicator
This is redefined from “9 Seasons Rainbow Indicator PRO”, with clearer definition of 9 Seasons and user manual.
Version: Invite-Only PRO
Language: English
Copyright: 2019

---------- How to use the indicator ----------
Go through the manual and related ideas underneath or follow the tutorials list. Look through the profitable patterns and related cases, wait for or set alert for specific profitable pattern.

---------- Definition: 9 Seasons ----------
A life cycle of Price Wave is divided into 9 Seasons. Each time frame, from 5 minute to 1 month, has 9 seasons, Independent of each other:
Bull (Green)
Bull Pullback (Light Green): a pullback or retracement
Resistance / Overbought (Yellow): a resistance area , may become a Top, or be broken through.
Crazy Bought (Lime): Price is going up in a high volatility , could be a valid breakout, or a Bull Trap.

Neutral (White): a wandering season without direction, evolves into Bull or Bear

Bear (Red)
Bear Bounce (Light Red): Price bounces
Support / Oversold (Blue): a support area , may become a Bottom, or be broken through.
Crazy Sold (Fuchsia): Price is going down in a high volatility , could be a valid breakdown, or a Bear Trap.

---------- Some important evolution between seasons ----------

Resistance / Overbought (Yellow) -> Crazy Bought (Lime):
Bull is breaking through a resistance.

Crazy Bought (Lime) -> Resistance / Overbought (Yellow):
This normally indicates a failed breakout, Price goes back to the resistance.

Crazy Bought (Lime) -> Bull Pullback (Light Green):
This normally indicates Price has risen to a new level

Support / Oversold (Blue) -> Crazy Sold (Fuchsia):
Bear is breaking through a support.

Crazy Sold (Fuchsia) -> Support / Oversold (Blue):
This normally indicates a failed breakdown, Price recovers to the support.

Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level

---------- Rainbow Ribbons for Multiple Time Frames ----------
Each ribbon of a rainbow represents a time frame.
The uppermost ribbon represents the shortest-term time frame - current time period of the chart, which is the time frame for trading.
The lowermost ribbon represent longest-term time frame, which work as environment, together with the other medium-term and long-term time frames.
The difference between two frames is 1.4142 fold (square root of 2), if level 1 is 15 minute, level 2 is 15 minute * (square root of 2) .
Examples of time frames in a rainbow:
For STANDARD in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M
For PRO in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M - 240M(4H) - 339M - 480M(8H) - 679M

---------- Trading Methods ----------

How to open a Long position?
When a profitable Long pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the support, open 2nd position; when it breaks through the resistance, pullbacks and confirms the breakout, open 3rd position.

How to exit a Long position?
Lift the Stop to a confirmed higher low, so that to take advantages of the bull run as possible.

How to open a Short position?
When a profitable Short pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the resistance, open 2nd position; when it breaks through the support, bounces and confirms the breakdown, add 3rd position.

How to exit a Short position?
Lower the Stop to a confirmed lower high, so that to take advantages of the bear run as possible.

---------- Versions Description ----------
The features may change later without advance notice.

PRO:
Invite-Only, with the following advanced features:
12 Ribbons Rainbow displays 9 Seasons of 12 time frames on a chart.
Advanced alert sets allows set alerts on short-term, medium-term, and long-term time frames.
Capability to input different trading instrument to compare with the current ticker.
Full time periods access allows apply it to broadest time periods, from 1 minute to 1 week (if history data is enough)
More new features in updates.

STANDARD:
Invite-Only, with the following advanced features:
8 Ribbons Rainbow displays 9 Seasons of 8 time frames on a chart.
Advanced alert sets allows set alerts on upper and lower frames.
Broad time periods access allows apply it to the most popular time periods, from 15 minute to 1 week (if history data is enough)
More new features in updates.

DEMO:
DEMO version is for trial purpose, having most of the features.
It is applicable to a list of trading instruments and specific time periods (1 hour to 1 day), which may change later without advance notice.

---------- Access to Indicators ----------
Please use DEMO version for Trial
Asking access to Invite-Only PRO and STANDARD versions:
https://9seasonsrainbowindicator.blogspo...
Or contact the author.

---------- Install Invite Only: STANDARD & PRO Version----------

Ask access to STANDARD or PRO version
Open the chart -> Indicators (On the Top) -> Invite-Only Scripts (2nd button of the left bar)
Like/Favorite the indicator
Click to install on the chart

---------- About Loading Time ----------
It may take up to 2 minutes for your browser to load a new setting, depending on the your computer and network speed.

---------- List of the author's Indicators ----------
https://www.tradingview.com/u/go8686/#pu...

---------- Disclaimer ----------
By using or requesting access to the indicator, you acknowledge that you have read and accepted that the indicator and any related content, including but not limited to: user manual, tutorials, ideas, videos, chats, emails, blog, are for the purpose of trading strategies studying and paper trading.
If a customer or user uses the indicator or related content mentioned above for live trading or investment, she/he should take all risks and be responsible for her/his own trading and investment activities.

---------- Updates ----------
The latest updates override the previous description.
To activate a update: Close the browser, Reopen the chart and apply the indicator.
Release Notes: Adjust ribbon width and label text color.
Release Notes: Enable update notice.
Release Notes: Add access function
Release Notes: Improved update notice
Release Notes: Minor Fix caused by timenow variable.
Release Notes: Since different symbols can be displayed in Tradingview's multiple chart layout, the feature "Capability to input different trading instrument to compare with the current ticker. " is removed to speed up loading time.

Related tags: multiple timeframes, MTF, multiple time frames, multi timeframes, multi time frames
Release Notes: Since different symbols can be displayed in Tradingview's multiple chart layout, the feature "Capability to input different trading instrument to compare with the current ticker. " is removed to speed up loading time.
Adjust short, long term label offset.
Enable more stable switch between Yellow and Lime, Blue and Fuchsia.
Release Notes: New Alert functions with user-defined rainbow colors switch.
Release Notes: Simplify code
Monthly Update
Release Notes: New Alert Functions Configuration:
  • Settings of the indicator: Select Time frames, the color before the trigger bar and the color of the trigger bar;
  • Add alert as usual.
Release Notes: Monthly Update 20190630
Release Notes: Monthly Update: Alert 2 to include Ribbon 1
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A Trading Indicator Artisan, JAVA Programmer,who is helping traders improve productivity.
Tuto List: https://9seasonsrainbowindicator.blogspot.com/search/label/tutorial