This indicator reads the charts as frequency because the charts are just waves after all. This is an excellent tool for finding "Booms" and detecting dumps. Booms are found when all the frequencies pull under the red 20 line. Dumps are detected when all the lines drag themselves along the 20 line as seen is screenshots below. Below is another 2 examples of a "boom". Everything sucks in before exploding out. Below is an example of a dump:
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Added signals for pos and neg crossover. Added bg coloring. Added alerts for pos/neg crossover and "boom" for when all lines are under 20. Added mirror option.
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A big shout out to @KryptoBeau for the latest update and improvements. Here are the changes: 144 plot(len1 * 3 ,"3xlen1", color=#bbd9fb)//original line 155 cond1 = rcm < 20 and len < 20 and average < 20 and len1 < 20//original line - had problems because of the len1*3 issue 160 cond3 = crossunder(average,20)//KB edit from "crossover" 166 bgcolor(cond2 and bgcolor ? color.new(color.white, transp=inputBackgroundTransparency) : na, title="cond2 Background")//KB changed from cond1. 169 plotshape(signals ? cond3 : na, title="Neg Crossover", location=location.top, style=shape.circle, size=size.tiny, color=color.new(color.red, transp=20))//KB Edit to Neg Cross over not Pos Crossover
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Tesla coil is now easier to read. Use this indicator to pin point the best trades and exact moment of explosion. Enter trade on a crossover and you skip the sideways wait before a breakout. Look for crosses on each set of lines. Lines light up as it pulls in for an explosion. Big things also happen when the purple and light blue lines cross. Use with a fast oscillator like boom hunter pro and it is hard to make a bad trade. Enjoy
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Minor fix to alerts. Alerts trigger when the white lines cross, when the purple lines cross and when the blue lines cross.
There are 3 lines displayed. All are based on formulas by John Ehlers. These lines measure the cycles of charts, using them together we can enter trades at the beginning/end of cycles. These are moments of extreme volatility.
Cosine IFM - An instantaneous frequency measurement of dominant cycle periods.
In-phase and quadrature IFM - An instantaneous frequency measurement of dominant cycle periods using in-phase and quadrature analysis.
Average - Average of the 2 above lines as well as RCM. These are strong cycle measurements as it uses 3 sets of data to find the mean.
The white and purple lines will help find explosive volatility.
WOOOOH BRUH...I know I just left a comment but went and simply viewed your work on a few diff TF and charts (as usual) and had to come
back and report on this publishing. It straight up REEKS of a "potential editors pick" type of odor!!! You gotta warn a brotha beforehand so I can open a window or SOMETHING. I mean...my mouth was open and EVERYTHING!!!
DaytimeTinkerer
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@chasinalts, are you an actor? crazy lvls of drama.
A_Traders_Edge
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@DaytimeTinkerer, lol. Just bipolar. Naw, but some ideas/techniques in this guy's publications have welcomely bombarded their way into my own masterpiece as additional filters so needless to say...I got a little excited.
DigitalAssetsCreator
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@chasinalts, hahahahha IKR! This is a game changer!
KryptoBeau
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Diggin' the script - thank you for sharing. In reviewing the code I have a few questions.
Lines 157 & 158 are the same - should 158 be cond2 and not cond1? Line 161 : should the title be "Pos Crossunder" rather than Crossover?
Finally, when trying to get the "BOOM" charted it wasn't properly alerting/coloring ONLY when all were under 20. Here's what I did. Line 147 actually plots 3 times "len1" and not "len1." This led me to the following changes LIne141 (added new variable) len1x3 = len1*3
Then mod the line below from "len1" to "len1x3" plot(len1x3,"3xlen1", color=#bbd9fb)
Line150 change from "len1" to "len1x3" cond1 = rcm < 20 and len < 20 and average < 20 and len1x3 < 20
Now it properly alerts ONLY when they're all under 20.
veryfid
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@KryptoBeau, Wow thanks for looking into it! I will update the script. I really appreciate you taking the time to post the fix. I just sent you some coins. Happy Trading!
KryptoBeau
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@veryfid, Thank you for sharing so much of your work; I figured it was the least I could do!
A_Traders_Edge
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I could SWEAR some mastermind was just talking this exact idea up to me recently ;). Sealed....signed...and delivered. Thanks for this. Ive been in a repeating Christmas morning type scenario since Ive discovered your work.
back and report on this publishing. It straight up REEKS of a "potential editors pick" type of odor!!! You gotta warn a brotha beforehand so I can open a window or SOMETHING. I mean...my mouth was open and EVERYTHING!!!