Support and Resistance Multiperiod (Zig Zag Based)
What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.
Who can use?
Scalpers to Long term investors
What timeframe to use?
• Any timeframe
What are the lines?
• Green lines are Support levels.
• Orange lines are...
DO NOT USE THIS FOR TRADING. I am just showing off my new found recipe for pattern recognition ;)
This script generates recursive zigzags till there are only 2 pivots. So, the logic goes like this.
Level1 - Standard zigzag calculated from user input of length and max pivots using OHLC values
Level2 - Multi level zigzag calculated on the basis of level1...
The swings indicator follows the smallest movements of price action. Can monitor and analyze the context of the market, trying to find bias of each timeframe.
If there is a candlestick completely above the previous swinghigh. It shows a good bullish momentum. The market is favoring the upward direction. If the candlestick is still in the previous swinghigh range,...
This is to find MDRP by overlaying the low and high prices of the current trend on the chart.
ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP.
The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn.
Reduce false signals.
현재 트렌드의 저가와 고가를...
IMPORTANT NOTE: (Read this before looking at any other thing on this indicator)
This indicator is created to supersede existing Auto-Harmonic-Pattern-Ultimate-Trendoscope invite only script. The script deviates a lot from the original Auto Harmonic Patterns Ultimate script in terms of number of available patterns, trading type and few other things. Hence,...
Tools utilized at Offbeat Trading
This script combines ZigZag lines and ATR to indicate for the user which swing points are significant when reading market structure. What really makes this script unique is how well it defines key market structure points to help traders avoid getting caught in the "noise" of markets. The combination of ZZ and ATR works well to...
Nothing fancy. Just converted the new matrix library of zigzags ( mZigzag ) into indicator as I sensed it can be useful as indicator.
On top of the standard zigzag, the indicator also tracks given oscillators, moving average and volume indicators on each pivots. More indicators can be added programmatically - but it will take up space in chart. Hence, so far I...
Here is a small attempt to automatically identify wedges and flags.
Tradingview standard wedge checks for only 4 pivots. In this version, I have considered 5 pivots instead - which can help reduce noise as 4 pivots forming wedge can be quite common. In future, will also try to add more pivots in pattern recognition to make the signal more accurate.
If wedge...
Back to my favourite topic - Zigzags.
Here is an indicator which can help you visualise volume data on Zigzag swing highs and lows.
Settings are pretty simple and provides variety of display options
Display options are as demonstrated in the chart has following main types.
Regular
Plus/Minus - Stacked
Plus/Minus - Overlapping
Plus/Minus - Opposite...
A guy who automatically draws a horizon from the top of the zigzag
*Gray horizon may be repainted
The horizon of the characteristic price in the past reacts well, so it is used for contrarian
ジグザクの頂点から、自動で水平線を引く奴です
※灰色の水平線はリペイントする可能性があります
過去の特徴的な価格の水平線はよく反応するので、逆張りするとかが用途です
A simple indicator I use to filter out noise. it tracks reversals of a Hull Moving Average, which ultimately highlights short term trends and potential chart patterns. I've also included an option to project the most recent trend forward, if that is something you would like to tinker with.
V V V V V V V Please Read V V V V V V V
I ask Peter and he is fine, that im published this script
Tell me if you have some ideas or criticism about that sricpt
>>>>>>>>>> This is a modified Version of Peter_O's Momentum Based ZigZag <<<<<<<<<<<
This is only a test, and i want to share it with the community
It works like other ZigZags
Because Peters_O's...
Wolfe Waves™
This indicator draws wolfe wave patterns.
Some patterns need to be validated by the user.
When detecting Wolfe waves, two triangles are formed.
A target line is drawn from the origin of one of these triangles to the apex or trough of the other.
Bullish patterns are indicated by green triangles and bearish patterns by red triangles. The target...
This script is a drawing tool which allows users to draw XABCD on the chart and script will tell whether there is any harmonic patterns on the drawings made. The script is based on interactive inputs and requires users to chose XABCD points.
Please note
This is not a scanner and it will not scan historical bars for harmonic patterns. This needs to be used...
█ OVERVIEW
This indicator displays Cyclic Relative Strength Index based on Decoding the Hidden Market Rhythm, Part 1 written by Lars von Thienen.
To determine true or false for Overbought / Oversold are unnecessary, therefore these should be either strong or weak.
Noise for weak Overbought / Oversold can be filtered, especially for smaller timeframe.
█ FEATURES
...
Zig Zag indicator plots points on the chart whenever prices reverse
by a percentage greater than a pre-chosen variable.
• Forecasts area based on zigzag statistics.
• Displays labels with detected patterns.
Hello Traders,
Here is an experimental indicator created to plot harmonic patterns on indicators. This can be used for confirmation of oversold and overbought regions. However please note that oscillator movements does not always correlate with price movements. Hence, there was no concrete way to log the trade statistics and measure performance.
⬜ Process
▶...
![BTCUSDT: [_ParkF]ZIGZAG](https://s3.tradingview.com/f/fEmRqYkr_mid.png "[_ParkF]ZIGZAG")
![NDX: Auto Harmonic Pattern - UltimateX [Trendoscope]](https://s3.tradingview.com/b/bcBcIicH_mid.png "Auto Harmonic Pattern - UltimateX [Trendoscope]")
![BTCPERP: Modified QQE-ZigZag [Non Repaint During Candle Building]](https://s3.tradingview.com/f/fJVMc2eU_mid.png "Modified QQE-ZigZag [Non Repaint During Candle Building]")
![BTCUSDT: [Herif's] Wolfe Waves](https://s3.tradingview.com/j/jjp8HfxH_mid.png "[Herif's] Wolfe Waves")
![EURUSD: [KK] ZigZag Percent Reversal - Forecast - patterns - labels](https://s3.tradingview.com/d/Di6vU1xj_mid.png "[KK] ZigZag Percent Reversal - Forecast - patterns - labels")
