Wavechart v2 ##Wave Chart v2##
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
Sóng Neo
NEoWave Chart Free VersionAn automated wave chart for NEoWave wave analysis. This is an automated wave chart plotter that help you to find the current psychological trend and forecast the next one. This Indicator uses the concept of plotting wave charts as per the NeoWave method invented by Glenn Neely in 1990 in the “Mastering Elliott Wave” book. NEoWave is a advanced version of elliott wave theory, which solve the lots of drawback's and issues' of elliott wave theory.
The Logic and Concept used in Indicator
This indictor uses the logic of plotting wave chart as discussed in “Mastering Elliott Wave” book, According to “Mastering Elliott Wave” book to draw a wave chart draw a line from high to low or low to high in order that they occurred, and this indicator plot the line accurately from high to low or low to high in order they occurred.
Some Important Features
1. This indicator can draw wave chart from 5 Seconds to 5 Year or use any custom timeframe of your choice.
2. Use any timeframe wave chart on any timeframe cash data, like use monthly cash data to draw 2.5 years or 5 years wave chart.
3. Do the easy back testing with easy drag tool.
4. Customize wave chart settings based on your requirement.
5. Wave chart will be plotted on any type of charts like candlestick or bar chart.
6. Custom settings to hide other charts, like you can hide bar or candlestick chart, while using wave analysis.
7. Realtime plotting of wave chart from 5 seconds to 5 year.
Features to be added in future update
1. Show Monowave Counts.
2. Show Complexity levels.
3. Show Price and Time.
4. Show Starting point of patterns.
How to use this wave chart?
1. Use the log scale on wave chart. Use Alt + L to use logarithmic scale on chart.
2. Use log Fibonacci on wave chart, just open the settings of Fibonacci channel and check on "Fib channel based on log scale"
3. Find the correct starting point to mark the neowave patterns.
4. Apply the neowave rules as discussed in “Mastering Elliott Wave” book and forecast the market.
Note
If you want to check Daily or any higher timeframe wave chart use cash chart and if you want to check any other timeframe from 5 seconds to any intraday timeframe then use future's data as suggested by Mr. Glen Neely.
NEoWave Chart This is the indicator used to plot cash data chart for NEoWave analysis.
How to use:
Apply the indicator on the chart.
Select timeframe on your chart.
The indicator will automatically select default cash data timeframe and will plot chart accordingly. If you like to change the cash data timeframe, these is an option to select from dropdown.
NEoWave ChartAn automated wave chart for NEoWave wave analysis. This is an automated wave chart plotter that help you to find the current psychological trend and forecast the next one. This Indicator uses the concept of plotting wave charts as per the NeoWave method invented by Glenn Neely in 1990 in the “Mastering Elliott Wave” book. NEoWave is a advanced version of elliott wave theory, which solve the lots of drawback's and issues' of elliott wave theory.
The Logic and Concept used in Indicator
This indictor uses the logic of plotting wave chart as discussed in “Mastering Elliott Wave” book, According to “Mastering Elliott Wave” book to draw a wave chart draw a line from high to low or low to high in order that they occurred, and this indicator plot the line accurately from high to low or low to high in order they occurred.
Some Important Features
1. This indicator can draw wave chart from 5 Seconds to 5 Year or use any custom timeframe of your choice.
2. Use any timeframe wave chart on any timeframe cash data, like use monthly cash data to draw 2.5 years or 5 years wave chart.
3. Do the easy back testing with easy drag tool.
4. Customize wave chart settings based on your requirement.
5. Wave chart will be plotted on any type of charts like candlestick or bar chart.
6. Custom settings to hide other charts, like you can hide bar or candlestick chart, while using wave analysis.
7. Realtime plotting of wave chart from 5 seconds to 5 year.
Features to be added in future update
1. Show Monowave Counts.
2. Show Complexity levels.
3. Show Price and Time.
4. Show Starting point of patterns.
How to use this wave chart?
1. Use the log scale on wave chart. Use Alt + L to use logarithmic scale on chart.
2. Use log Fibonacci on wave chart, just open the settings of Fibonacci channel and check on "Fib channel based on log scale"
3. Find the correct starting point to mark the neowave patterns.
4. Apply the neowave rules as discussed in “Mastering Elliott Wave” book and forecast the market.
Note
If you want to check Daily or any higher timeframe wave chart use cash chart and if you want to check any other timeframe from 5 seconds to any intraday timeframe then use future's data as suggested by Mr. Glen Neely.
NEoWave Cash Data Pro by ArshiaRahimiNEoWave Cash Data Pro by ArshiaRahimi (Cash Data Display Indicator)
By using this indicator, you can see cash data in the Trading View Charts. Cash Data is NEoWave approach data and is used for wave counting of this type. Analysts of Elliot Wave approach can also benefit from this data.
In Cash Data, the state of high and low of the candles or in other words their chronology will be determined and the path of price movement will be indicated clearly.
You will have no limit to view cash data using this indicator and you will be able to view the cash data of any part of the chart you would like with a 100 percent precision. By default, Indicator shows MonoWave 500 in the ending part of the chart but in order to view the cash data of other parts, you only need to activate the option “ Custom Start” and by adjusting the date of drawing the cash data, you can make the cash data of the part you want to be displayed.
The cash data of each chart is displayed in 20 different timeframes including:
• Annual timeframe
• Monthly, 3month, 6 month timeframe
• weekly, 2 week timeframe
• daily, 2 day, 3 day timeframe
• 6 hour, 12 hour timeframe
• 4 hour, 8 hour timeframe
• 1 hour, 2 hour, 3 hour timeframe
• 5 minute, 10 minute, 15 minute, 30 minute timeframe
Other features are also incorporated in this indicator including:
• determination of cash data thickness
• determination of ascending MonoWaves color
• determination of descending MonoWaves color
• determination of connecting MonoWaves color
• displaying the MonoWaves which might be in question (when high and low occur in a candle)
• determination of the questionable MonoWaves color
• determination of the date and starting time of cash data drawing
• Drawing of the last cash data live and the possibility of determining its drawing delay.
• Displaying time slot separator lines
• Determination of separator lines color and transparency
• Displaying Fade Chart behind cash data
• determination of fade chart candles color and transparency
• displaying information table of cash data in the corner of the chart which include displaying time frame of the cash data and the number of MonoWaves that exist in the chart.
This indicator is designed by Arshia Rahimi of Iran NEoWave Institute. You can be in touch through “ArshiaRahimi” ID.
The Indicator will continuously receive its new updates. after publishing, each update will replace the previous version by trading view.
Wave Chart v1##Wave Chart v1##
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
##How To Use##
if you want a weekly chart you drop the time frame to the daily chart.
Then you set the range to 7(if the market opens 7 days per week).
Then you click "highlight the bar that runs to plot" and you must shift the highlight to the last day that the weekly chart bar close(Sunday / Friday)
##Example 1
Weekly chart BTCUSDT on BINANCE
first open daily chart, set range = 7 and Bars_shift = 3 (shift highlight to Sunday)
##Example 2
Weekly chart XAUUSD on FXOPEN
first open daily chart, set range = 5 (market open 5 days per week) and Bars_shift = 1 (shift highlight to Friday)
##Note##
If the market has a special holiday Wave Chart may be inaccurate.
Neowave Chart PlotterThis Indicator is applicable to plot wave charts as per the NeoWave method (Neely Extension of Wave Theory). NeoWave is a scientific, objective and revolutionary style of Elliott Wave Theory that was invented by Glenn Neely in 1990 in the “Mastering Elliott Wave” book.
To start analyzing with this method, we need a particular chart called the Wave Chart or Cash Data chart. This is the first step for a good wave analysis. To draw this chart, Highs and Lows should be plotted in the order that they occurred. This could be a very challenging and time-consuming task to do for any symbol on any Timeframe.
This Indicator can accurately Find High and low in each Period and draw them in the order that they occurred. for any Symbol on any Timeframe automatically and in real-time.
For example on Monthly timeframe, indicator separates each year and find high and low on the period. Then it recognizes which occurred early and plot them in order that occurred. this called "Yearly Wave Chart" and you can start to analysis it, base on Neowave method.
Important : This Indicator Works on All Type of Accounts
Some features of this Expert Adviser are:
- Draw Wave Chart on yearly, monthly, weekly, daily, hourly and minutely timeframes
- Draw Wave Chart on any integer multiples of above timeframes
- Switch between Wave Chart and Candlestick Chart simultaneously
- Online auto updating Wave Charts
- Possibility of putting watermarks
- Show Monowaves count
- Show Suspicions Monowave (where high and low occur on same Bar)
- Show Triple Monowave (where high or low occur twice on a period)
- Show Monowaves count
- plotting wave chart base on Calendar and bar count
- Show Monowaves count
- plotting wave chart on Equal distances
[RS]Neo Wave V0EXPERIMENTAL: Request for IvanLabrie.
Method for reading Neo Wave's.
note: some issues arent possible to work around/fix due to limitations in pinescript.
