waffles_btc

Quarterly Cycles [Daye's Theory]

waffles_btc Uppdaterad   
This is entirely based on quarters theory by Daye (@traderdaye in Twitter). I'm merely the creator of the indicator and full credits for the underlying concept goes to Daye.

The idea is to split year, month, week and day into quarters at specific times which lead to PO3 (Accumulation-Manipulation-Distribution) cycles within those quarters.
They present in one of these two forms:

Q1. (A)ccumulation - Consolidation
Q2. (M)anipulation - Judas Swing
Q3. (D)istribution - Low Resistance Liquidity Run
Q4. (X) - Continuation/Reversal of previous quarter

(OR)

Q1. (X) - Continuation/Reversal of previous quarter
Q2. (A)ccumulation - Consolidation
Q3. (M)anipulation - Judas Swing
Q4. (D)istribution - Low Resistance Liquidity Run

As of now, the indicator assumes everything as AMDX, but if some clever idea comes in the future, I'll try to implement XAMD as well.

Similar to True Day Opens, there are True Monthly Opens, True Weekly Opens and True Session Opens, all of which form during the second quarters of those periods, all of which are marked by the indicator. For timeframes in H1 and below, the indicator shows weekly, daily and session quarter cycle phases. For higher timeframes, it shows yearly, monthly and weekly cycle phases.
Versionsinformation:
Updated AMDX to Q1-4 to avoid confusion.
Versionsinformation:
  • Contextual quarter boxes - quarters will be automatically selected and boxes will be automatically switched (between foreground and background) based on timeframes. For example, session quarters cannot be displayed on H1 or above, so they disappear and daily quarters appear. Similarly, weekly quarters can be displayed as boxes in H4, so they aren't displayed in the filled boxes above.
  • Colors are fixed across quarters and boxes will be switched to foreground or background accoding to the timeframe (opacity can be configured).
  • Added options for Asia and PM sessions.
  • True Day Open can be displayed on higher TFs and True Week Open can be displayed on lower TFs.
Versionsinformation:
True Month Open
Versionsinformation:
Set open lines to grow alongside current candles.
Versionsinformation:
Micro-session quarters for M1
Versionsinformation:
Added True Micro-Session Opens for M1
Versionsinformation:
Move micro sessions quarter labels to start of quarter
Versionsinformation:
Update to use ticker ID to avoid exchange issues.
Versionsinformation:
Enable/disable macro cycles with positioning
Versionsinformation:
Fixes TMO bug, adds TYO and macro cycle for yearly quarters
Versionsinformation:
Support disabling quarters within sessions
Versionsinformation:
Fix quarters on 1-min

If I've helped you somehow and you'd like to buy me a coffee, then here's my Tron (TRC20) address:
TL4nVSzFKqcuDE9uxPYZmizp2RdEUZseK8
Skyddat skript
Detta skript publiceras med stängd källkod och du kan använda det fritt. Du kan ange den som favorit för att använda den i ett diagram. Du kan inte visa eller ändra dess källkod.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.

Vill du använda det här skriptet i ett diagram?