Hello Traders, I would like to introduce you zigzag support&resistance multi timeframe levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. I's the same zigzag indicator...
This is another ZigZag script. But the difference between this and other ZigZag indicators on TV is that here we find highs and lows based on Parabolic SAR. It repaints? YES. On last line of ZigZag you get repainting, because the highs and lows get confirmation only if direction (SAR dots) changes. This shouldn't be used to forecast highs and lows directly...
Here it is, as promised, supertrend based on Zigzag candles. Earlier scripts on the Zigzag Candles expedition are here: Zigzag-Candles Zigzag-Candles-MA Zigzag candles parameters Length and CandleSize remain as is. Along with this, we also add MALength and AtrMult to calculate ATR based on the new candles and to use it to derive supertrend. ...
We have the candles here: Zigzag-Candles Lets create moving average!! Just simple moving average at the moment. Since, items are in array. Not so easy to use standard functions of pine. Hence, will take that for future enhancements. ATR and Supertrend next!!
Can't deny that I am obsessed with zigzags. Been doing some crazy experiments with it and have many more in pipeline. I believe zigzag can be used to derive better trend following methods. Here is an attempt to visualize zigzag as candlesticks. Next steps probably to derive moving average, atr (although there was an attempt of AZR made earlier) and probably...
Very much similar to : I have slightly changed code to accommodate multiple zigzags. Also removed possibility of external source to keep it simple. Indicator shows 2 Level zigzag based supertrends. Second zigzag used is multi level zigzag and hence, this acts as higher timeframe filter and can be considered as overall trend bias.
Experimental and probably can be improved further. Method of deriving support/resistence is as follows: Calculate Zigzags and start pushing them to SR array as and when they form If any of the existing item is within the small distance - merge them. ATR is used to find if the prices are close by. Whenever we merge two pivots, strength of support keeps...
Just variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator Changes are: Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR Rest of the logic...
At first I thought of doing double zig zag. Once developed I thought it is not much effort to make it multi level zigzag. This script is not same as multi-zigzag indicator (link in the end). In multi zigzag indicator we use zigzag based on different length and each zigzag has no relation to each other. In this script however, each zigzags are related to each...
Another version of Elliot Wave 3 projection. This time with more features. I have based the calculations based on Wave 1,2 and 3 relation mentioned in www.esignal.com Ratios for Wave 2 Wave 2 = either 50% of Wave 1 or 62% of Wave 1 Wave 3 is related to Wave 1 by one of the following: Wave 3 = either 1.62 x length of Wave 1 or 2.62 x length of Wave 1 or...
Similar to the previous script on Elliot Wave Impulse: But, here we are trying to use multiple zigzags instead of just one. You can select upto 4 different Zigzags and set different length, line color, line width and style for each. Parameters ShowZigZag , ZigZag Length, ZigZag Color, ZigZag Width, ZigZag Style can be used for adjusting these. ...
I created this as basis for my next scripts. We are just trying to plot multiple zigzags with different length basis here. Input allows you to select different Length , Width , Color and Line Style for each Zigzags. Max_pivot_size says how many pivots each Zigzag can have. Value 100 means, each zigzag will show 99 lines joining 100 points. Additional...
Musashi HarmonicPricer was designed to my a tool for my personal trading strategy, and help me plot what I call ''Harmonic Structure', which is just a sophisticated way of using Fibonacci ratios based on the Elliott Wave Principle, Harmonic Patterns, and market structure. - A distinctive element will be the integrated Fibonacci cluster tool, which plots...
Elliott Wave counter for TradingView! Automatically count Elliott waves on any asset and any timeframe. The script will count in-progress patterns as well as show past patterns that have completed (adjustable in Settings). Simple to use, just add to your chart and choose how big of waves you're looking for with the Size setting. Smaller numbers will auto...
The Zig Zag indicator is a useful indicator when it comes to visualizing past underlying trends in the price and can make the process of using drawing tools easier. The indicator consists of a series of lines connecting points where the price deviates more than a specific percentage from a maximum/minimum point ultimately connecting local peaks and troughs. This...
Hellow traders, this is my final script regarding double top/bottom pattern recognition. This script is built based on zig zag indicator whereas the previous ones are built based on pivot points. Double Top: Recognition - Checks on Zigzag if LH is followed by HH Confirmation - When low crosses under last lower pivot point on zigzag Invalidation -...
This is standard zigzag indicator. I just coded them using lines array feature of pine - so that it can be done in least number of lines of code. Few possible improvements: Use label array to mark HH, HL, LH and LL Add standard deviation check
Simple & easy auto-fib levels. Took the out-of-the-box version provided by TradingView and added Logarithmic support and a nicer palette, and made the controls a bit nicer to use (in my opinion lol). Enjoy.