I've got a new idea, and I think it's possible to make countless changes.
A ZigZag Like based on candle close. A lot of options that can be hide in options. Triangle/bright - reversal confirmation candle Circle/dark - higher/lower candle breakout Square/light - Insidebar
Useful in finding the percent change in the ATR. Google it and see how you can implement it. I use it in a zig zag indicator made by Ricardo Santos. Happy Trading!
This indicator is similar to the Weis Wave Volume indicator in that it shows cumulative volume for each up and down price wave. However it is calculated differently, using the Jurik moving average to determine turning points. Use this in conjunction with the R100 Wave indicator to determine the best fit Jurik length and power settings. A great indicator to help...
This is a Wave (or Zig Zag) indicator I made to use in conjunction with the Wave Volume indicator I use. It uses the Jurik moving average to determine turning points, and will plot the tops and bottoms of the wave based on the most recent high- so you can also use to quickly find pivot highs and lows. If you are using with the R100 Wave Volume indicator, first...
This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script...
Port of @RicardoSantos' Fractal Regression Channel V0 from pinescript 2 to pinescript 3. // Source: // Original Author: @RicardoSantos
This is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming) The ZigZag pattern can be used to draw trendlines and S/R...
Introduction Making lines is great in technical analysis since it can highlights principal movements and make the analysis of the price easier when using certain methodologies (Elliott Waves, patterns). However most of the indicators making lines (Zig-Zag, simple linear regression) are non causal (repaint), this is the challenge i tried to overcome, making an...
This is zigzag % , no repaint and no lag as it based on % changes the main issue is the addition of take profit and stop loss together with trailing (thanks to Yatrader to his code) set the zigzag% according to best fit of your graph for best results
Kawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019 Version 1.0 This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart. SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal. The signal is stronger on a higher volume/larger candle size. A Swing Failure Point...
Its a Swing Chart based on the methods discussed in www.unofficed.com
So I took the zigzag pivot of my last script , i remove the original zigzag and replace it by % zigzag , then i add the TP % 1 and 2 and by the cross of the uptrend of the zigzag % of the pivot points of support and resistance we can make buy and sell signal (H and L) and take the profit out by the trend using the Take profit 1 and 2. for each time frame you need...
This is based on two model : the first is the zigzag model of Ricardo Santos the second is a pivot system for high and low to find resistance made by jaggedsoft I try to show the connection between them and to form a cross of when the zigzag model crossing the pivot model this is seen in show sig best approach is to find the low based on the pivot system and...
This indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike...
study(title="GTM - Team signal Buy/Sell", shorttitle="GTM - Team signal Buy/Sell", overlay=true) len = input(10, minval=1, title="Length") src = input(close, title="Source") out = ema(src, len) bearish = cross(close,out) == 1 and close > close bullish = cross(close,out) == 1 and close < close plotshape(bearish, color=red, style=shape.arrowdown, text="Sell",...