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TTM Wave AApplication of the TTM squeeze and the short-term momentum TTM Wave A in action. This is an example where the short-term wave will react faster than the TTM to give you a signal to start building your positions. This indicator needs to be combined with "TMO with TTM Squeeze" (add to existing pane). The TTM Squeeze works like a better MACD. There is a zeroline and histogram bars above / below represent positive and negative momo. As the height of the bar decreases when above the zeroline, that is called decreasingly positive momo and as the height of the bar decreases when below the zeroline, that is called decreasingly negative momo. The dots on the TTM Squeeze: Red dots represent consolidation where Bollingers are inside the Keltner Channels and green dots represent a move out of consolidation or "squeeze fire". As price action comes out of consolidation there is a bigger move up/down depending on where momo is heading and where prices are (key support/resistance levels, fib areas). You want to use the TTM Squeeze and A wave TOGETHER - TTM Squeeze is your main momo and your A wave is a short-term momo wave that reacts faster and works as a leading gauge. You need to use them TOGETHER to gauge where price action may be heading. When the TTM Squeeze and A wave move lockstep together, let's say both are decreasingly positive, there is a good probability it continues to move in that direction to the next support levels. TWO bars on the TTM Squeeze of different heights is confirmation that in most cases means it will move in the direction of those bars. So if decreasingly positive, you'll see two darker bars. By the time you get your 2nd bar on the TTM Squeeze, it is often too late or you're losing profit. Way to counter that is after you get one darker bar in the opposite direction of current trend, use A wave to "predict" the next wave, the more A wave histogram bars going towards the other direction, the higher the certainty it will hit. Lastly, using these waves together works best when you look at it on MULTIPLE TIME FRAMES. (Credit for this details goes to Brady from Atlas).
Indikator Pine Script®
oleh sskcharts
11
FIR Trend Filter (Sawtooth and Square Waves)Experimental script! Using sigma approximation with Sine wave to form Sawtooth and Square waves, for a Finite Impulse Response filter. Higher harmonics make the sawtooth or square wave more "exact", at the expense of more computation. It also makes the filter more "sensitive". I wouldn't exceed 100, but you're the boss. The default number of harmonics is 20. The length is 20, too. Why? Because we are currently in 2020. Silly, I know. Feel free to play around with the settings and tune it to your liking. How to use it is pretty straight forward: Green is trend-up and red is trend-down. Credit to alexgrover for the template.
Indikator Pine Script®
oleh handsheik
2
Finnie's RSI Waves + Volume Colored CandlesUsing RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI. There's a lot of misunderstanding surrounding RSI, most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator, candles are colored based off of volume. INDICATOR USE: 1. Determine trend 2. Find relative support/resistance 3. Once at support/resistance look for entries: -RSI crossing over the Short EMA (CYAN) is your fist buy/sell signal -Short EMA (CYAN) crossing Medium EMA (YELLOW) is your second -RSI crossing Long EMA (PINK) is your final and most accurate signal 4. Once you've made an entry, you can follow step 3. in reverse for an exit COLORED CANDLES: Dark Green candles = Strong Bullish volume Light Green = Average Bullish volume Dark Red candles = Strong Bearish volume Light Red = Average Bearish Volume Orange/blue means volume is conflicting with price action I plan to add a Colored DOT over each crossover as a visual buy/sell signal if anyone has any suggestions that'd be great :)
Indikator Pine Script®
oleh WookieWonders
15
Damped Sine Wave Weighted FilterIntroduction Remember that we can make filters by using convolution, that is summing the product between the input and the filter coefficients, the set of filter coefficients is sometime denoted "kernel", those coefficients can be a same value (simple moving average), a linear function (linearly weighted moving average), a gaussian function (gaussian filter), a polynomial function (lsma of degree p with p = order of the polynomial), you can make many types of kernels, note however that it is easy to fall into the redundancy trap. Today a low-lag filter who weight the price with a damped sine wave is proposed, the filter characteristics are discussed below. A Damped Sine Wave A damped sine wave is a like a sine wave with the difference that the sine wave peak amplitude decay over time. A damped sine wave Used Kernel We use a damped sine wave of period length as kernel. The coefficients underweight older values which allow the filter to reduce lag. Step Response Because the filter has overshoot in the step response we can conclude that there are frequencies amplified in the passband, we could have reached to this conclusion by simply seeing the negative values in the kernel or the "zero-lag" effect on the closing price. Enough ! We Want To See The Filter ! I should indeed stop bothering you with transient responses but its always good to see how the filter act on simpler signals before seeing it on the closing price. The filter has low-lag and can be used as input for other indicators Filter with length = 100 as input for the rsi. The bands trailing stop utility using rolling squared mean average error with length 500 using the filter of length 500 as input. Approximating A Least Squares Moving Average A least squares moving average has a linear kernel with certain values under 0, a lsma of length k can be approximated using the proposed filter using period p where p = k + k/4 . Proposed filter (red) with length = 250 and lsma (blue) with length = 200. Conclusions The use of damping in filter design can provide extremely useful filters, in fact the ideal kernel, the sinc function, is also a damped sine wave.
Indikator Pine Script®
oleh alexgrover
16
Multi MA Ribbon +Draws an MA Ribbon that highlights major MA's and for easier visibility separates them into different groups including Custom MA's, Baseline MA's, T Line MA's, Short Term MA's and Long Term MA's. Choose between 11 different types of MA's thanks to JustUncleL and John F. Ehlers super smoother. The + is for various signals and alerts derived from Market Cipher / Wave Trend indicators and TCG etc. Happy Trading and remember just follow the flow of the river!
Indikator Pine Script®
oleh Lij_MC
12
RSI|The Wave PrincipleThe Wave Principle | Modified RSI 30 green | 70 red = Strong Movement (Possible Impulse) 20 cyan | 80 Yellow = Strongest Movement Support and Resistance Level (Trend Continuation) Uptrend= 40 Downtrend = 60 Break+Retest = BR Div = Divergence (Change in trend) -------------------------------------------- This indicator has been modified from original RSI to fit Wave Principle characteristics: Uptrend Impulsive Wave over 70 RSI it changes color to red, and > 80 yellow stronger impulse | Usually means continuation, at least once more. Downtrend Impulsive Wave under 30 RSI it changes color to green, and < 20 cyan stronger impulse | Usually means continuation, at least once more. Once RSI reached these levels, it doesn't mean trend reversal but a correction is expected. If it shows divergence along with an Ending Diagonal, it's a confirmation for trend reversal. In a corrective wave, levels 40-60 represents support and resistance levels where price won't go further. Indicating Corrective Waves, not as strong as Impulsives. Prices can breakout RSI trend lines and retest from the other side before continue the new trend as also described in the Wave Principle. --------------------------------------------
Indikator Pine Script®
oleh WavePrinciple-Net
5
JSE Wyckoff Wave Volume Code// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). // The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator. // // The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks). // The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves. // This is only my attempt to select 10 stocks and a different selection can be made. // I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude. // The then provides a view of the overall condition of the market and volume flow in the market. // // I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership. // // Please, let me know if there is a better work around this. The stocks and their weightings are: "JSE:BTI"/0.79 "JSE:SHP"/2.87 "JSE:NPN"/0.18 "JSE:AGL"/1.96 "JSE:SOL"/1.0 "JSE:CFR"/4.42 "JSE:MND"/1.40 "JSE:MTN"/7.63 "JSE:SLM"/7.29 "JSE:FSR"/8.25
Indikator Pine Script®
oleh SteynTrade
1
alpha Renko intraday wave timeI was asked to share my experimental Renko intraday wave time. So here it is warts and all. The same for the rest - except the Weis cumulative volume. Renko wave time is in minutes. This script is strictly intraday and has not been played with extensively. You must use traditional Renko and set the script wave size to the same size as the Renko brick size. If you click on the sideways wishbone or "V" in the middle upper part of the chart you will get all of the scripts in this particular sandbox. After clicking the sideways wish bone click on "make it mine". You will then have the whole sandbox. The only published script is the Weis cumulative wave. The "Boys MAs" is supposed to be a script for daily charts and from within some kind of consolidation. In any case I am intrigued by some signals. You have a variety of sandbox options in the format section of the boys MAs. These codes are pretty rough with lots of abandoned lines of script.
Indikator Pine Script®
oleh jayy
11
Indicator: Weis Wave Volume [LazyBear]This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand. Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option. Note: This indicator is a port of a clone of WeisVolumePlugin available for another platform. I don't know how close this is to the original Weis, if any has access to it, do let me know how this compares. Thanks. More info: weisonwyckoff.com Complete list of my indicators:
Indikator Pine Script®
oleh LazyBear
88
Elliott Wave Rule EngineWhat this tool does The indicator scans price for two concurrent swing structures—a Small (shorter-degree) and a Large (higher-degree) set—then applies an Elliott/NeoWave rule engine to the most recent 5-swing motive (1-2-3-4-5) or 3-swing corrective (A-B-C). It produces: Blue lines for Small swings and Orange lines for Large swings. A rule dashboard (optional) showing PASS/FAIL/WARN for core rules & guidelines. Buy/Sell labels when (a) a valid motive completes and (b) loop “consensus,” alignment, and scoring gates are satisfied. Reading the chart Small swings: thin blue segments, built from your Small settings. Large swings: thicker orange segments, from your Large settings. Background tint: faint green when a motive (impulse/diagonal) is valid right now on Small. Labels (if enabled): “1…5” or “A-B-C” markers on the latest detected structure. Buy/Sell label at the last pivot when all gates pass; text may include a score %. How it works For both Small and Large degrees the script: - Loops over all (left, right) combinations you specify (e.g., Small Left = 3..6, Right = 0..0) and calls ta.pivothigh/low. - Aggregates the results: - Keeps the most extreme pivot found in the loop (highest high or lowest low) that’s newer than the last accepted swing. - Gates acceptance by minimum % change versus the last opposite swing (inside the loop) and a post-aggregation filter (Small Minimum swing %, Large Minimum swing %). - Merges back-to-back same-type swings (HH or LL) by keeping only the more extreme one. - Keeps only the last N=lookbackWaves swings (default 100). - Consensus (used for signals) comes from the loop counts: - sBuyConsensus = small L-count / total-combos (bullish bias) - sSellConsensus = small H-count / total-combos (bearish bias) (and the same for Large). This is a data-driven “how many combos agreed” measure. 2) Rule engine (Impulse/Diagonal vs. Corrective) When there are at least 6 Small swings, the engine tests 1-2-3-4-5: Hard rules (must pass for an Impulse): - Wave-2 not > 100% of Wave-1 (no retrace beyond start of W1). - Wave-3 not the shortest among 1,3,5. - Wave-4 doesn’t overlap Wave-1 (if it does, structure may be a Diagonal). - Diagonal eligibility: Rules 1 & 2 pass but Rule 3 fails ⇒ eligible as a Diagonal ( Guidelines (7 checks, count toward a threshold you set): - W2 retraces a Fib level (within ±fibTol). - W4 retraces a Fib level (within ±fibTol). - W3 strongest momentum (speed = |Δprice| / bars). - Alternation: W2 vs W4 have meaningfully different “sharpness” (price per bar), threshold altSlopeThr. - Proportion (Price): |W1| and |W3| within propTolP× each other. - Proportion (Time): W1W3 and W2W4 durations within propTolT×. - W5 weaker than W3 (momentum divergence proxy). A Motive is valid if: - Impulse: all 3 hard rules pass and guideline passes ≥ Min guideline passes. - Diagonal: diagonal-eligible and guideline passes ≥ Min guideline passes. - if motive fails, the engine still evaluates ABC as Zigzag and Flat to populate the table: - Zigzag: B shallower than ~0.618A; C ≈ A or 1.618A (±fibTol). - Flat: B ≥ ~0.9A; expanded flat if B > 1.0A and C in *A; “running” note if C < A. 3) Signal logic (consensus-gated & scored) Signals fire only on new Small pivots and only if a Small motive just validated:Direction comes from the motive’s W1 (up = bull, down = bear). Consensus checks (from the loop): Use Sell consensus if the last pivot is a High, or Buy consensus if it’s a Low.Require it ≥ Min SMALL loop consensus and ahead of the opposite side by at least Min consensus margin.If you also require Large quality: check the corresponding Large consensus ≥ Min LARGE loop consensus. Alignment: If Require small/large directional alignment is ON, Small and Large directions must match (or the Large motive must be complete). Score: - If Large not required: finalScore = smallConsensus × smallQuality. - If Large required: finalScore = smallConsensus × smallQuality × largeQuality. - Need finalScore ≥ Min final score. When all gates pass, you’ll see “Buy xx%” or “Sell xx%” at the pivot. Inputs (explained): - Smaller Wave Swing Detection (Looped) - Small Left Min / Max (default 3..6): ta.pivot* left widths to scan. - Small Right Min / Max (default 0..0): right widths to scan (0 = earliest confirmation). - Small Minimum swing % (post-aggregation) (0.3%): filters out tiny swings after the loop. - Larger Wave Swing Detection (Looped) - Large Left Min / Max (100..200) and Right Min/Max (0..0): higher-degree scan (defaults are big; adjust for intraday). - Large Minimum swing % (post-aggregation) (1.5%). - Loop Filters (inside the loop) - Small loop min % change (0.20%): a candidate pivot counts only if move vs. last opposite Small swing ≥ this. - Large loop min % change (1.50%): same idea for Large. Rule Engine Tolerances - Fibonacci tolerance (±%) (0.05 = 5%): closeness to Fib levels. -Same-degree TIME proportion max (x) (2.00×) and PRICE proportion max (x) (3.00×). - Alternation slope ratio threshold (0.10): higher = stricter alternation. - Min guideline passes (0–7) (5): threshold for motive validity. - Signal Probability (Loop Consensus) - Min SMALL loop consensus (0.60). - Min LARGE loop consensus (0.50) (used only if Large validation matters). - Min consensus margin vs opposite (0.10): e.g., 0.60 vs 0.45 fails (margin 0.15 passes). Require LARGE 1–5 valid (or diagonal) for signal (off by default). Min final score (0.20): gate on the composite score. Annotate label with score % (on). WARN (orange): guideline not met—pattern can still be valid if total passes ≥ Min guideline passes. FAQ Q: Why did I get a diagonal instead of an impulse? A: Wave-4 overlapped Wave-1 (Rule 3). If Rules 1 & 2 pass and guidelines meet your minimum, it’s eligible as a Diagonal. Q: Where do Buy/Sell labels come from? A: Only after a valid Small motive at a new pivot, and only if consensus, alignment, and final score gates pass (per your settings). Q: It “missed” a wave in hindsight. A: Pivots require right bars to confirm; extremely tight settings can filter that swing; adjust Small min % or ranges. Q: Are there repaints? A: No, It uses standard pivot confirmation; until a pivot is confirmed, recent swings can evolve. After confirmation, lines/labels are stable. Limitations & disclaimers Elliott/NeoWave rules are heuristics; markets are messy. Treat outputs as structured context, not certainty. Consensus is pattern-scan agreement, not probability of profit Not investment advice; always couple with risk management.
Indikator Pine Script®
oleh Cmo22
3
The Kyber Cell's – TTM Wave BKyber Cell’s Wave B – TTM Squeeze Trend Confirmation Histogram ⸻ 1. Introduction Wave B acts as the trend validator in the TTM Squeeze suite. While Wave A reveals the heartbeat of momentum, Wave B focuses on the directional stability of price. It answers a critical question for traders: Is the trend in my favor, or am I trading against the dominant force? Built for confirming entries and filtering out low-probability setups, Kyber Cell’s Wave B applies a smoother, more deliberate view of trend structure using configurable moving average logic. This makes it ideal for preventing false starts and improving trade alignment — particularly in combination with Wave A and squeeze-fire signals. ⸻ 2. Core Concept and Calculation Unlike Wave A, which tracks short-term price bursts, Wave B focuses on trend direction and consistency. It typically derives its signal from one of two engines: • EMA-Based Method: Compares short-term EMA (e.g., 8) to a longer EMA (e.g., 21) to determine directional bias. • HMA-Based Method: Measures slope and crossover behavior between fast and slow Hull Moving Averages (e.g., HMA 34 and HMA 144) for a smoother trend read. These calculations produce a histogram that doesn’t fluctuate rapidly like Wave A, but instead stabilizes around sustained trend strength. As such, Wave B excels at confirming whether a move has backing from the broader market structure. ⸻ 3. Visual Output and Color Logic Wave B uses a 3-color histogram to clearly define trend state: • Bright Blue: Bullish trend • Bright Red: Bearish trend • Gray: Neutral or transitioning state (indecision) This simplified color scheme helps traders avoid information overload and focus on whether the market is structurally aligned for long or short entries. • When paired with a squeeze-fire and rising Wave A, a blue Wave B bar signals strong confirmation to go long. • Conversely, a red Wave B bar during a squeeze-fire and falling Wave A confirms bearish setups. • A gray bar typically signals trend conflict, indecision, or transitional environments — and should be treated as a caution flag. ⸻ 4. Ideal Use Case Wave B is best used as a filter and confirmation layer in your trading workflow: 1. Identify a squeeze setup (using Squeeze Pro or dots indicator). 2. Confirm with Wave A: Look for a fresh momentum push (cyan or red bars). 3. Validate with Wave B: • Only take long trades when Wave B is blue. • Only take short trades when Wave B is red. • Avoid or delay trades when Wave B is gray. 4. Ride the trend until Wave B flips or Wave A fades. This reduces emotional decision-making and keeps your trades aligned with the prevailing bias, especially on higher timeframes or in choppy conditions. ⸻ 5. Configuration and Customization Wave B is designed with enough flexibility to adapt to different trading styles while remaining streamlined: • Trend Engine Selection: Choose between EMA-based or HMA-based logic. • Moving Average Lengths: Customize the short- and long-term periods. • Color Customization: Adjust bar colors to match your chart theme or visibility needs. • Bar Thickness and Positioning: Optional visual tweaks depending on your chart layout. The goal is to provide just enough configurability to integrate seamlessly with Wave A and Squeeze Pro, without diluting the core purpose: trend clarity. ⸻ 6. Alerts and Add-ons Wave B can be extended with basic or advanced alerts, depending on your needs: • Alert on trend flips (blue → red or red → blue) • Alert on return to neutral (gray bars) • Combined alerts with squeeze and momentum signals for high-confluence trades When integrated with other components, Wave B becomes an essential part of a multi-layered confirmation system. ⸻ 7. Disclaimer This indicator is provided for educational purposes only and is not financial advice. No trading decision should be made solely on the basis of this tool. All users should test their strategies, assess their own risk tolerance, and consider using Wave B as part of a broader technical framework.
Indikator Pine Script®
oleh The_Kyber_Cell
GCM Bull Bear RiderGCM Bull Bear Rider (GCM BBR) Your Ultimate Trend-Riding Companion GCM Bull Bear Rider is a comprehensive, all-in-one trend analysis tool designed to eliminate guesswork and provide a crystal-clear view of market direction. By leveraging a highly responsive Jurik Moving Average (JMA), this indicator not only identifies bullish and bearish trends with precision but also tracks their performance in real-time, helping you ride the waves of momentum from start to finish. Whether you are a scalper, day trader, or swing trader, the GCM BBR adapts to your style, offering a clean, intuitive, and powerful visual guide to the market's pulse. Key Features JMA-Powered Trend Lines (UTPL & DTPL): The core of the indicator. A green "Up Trend Period Line" (UTPL) appears when the JMA's slope turns positive (buyers are in control), and a red "Down Trend Period Line" (DTPL) appears when the slope turns negative (sellers are in control). The JMA is used for its low lag and superior smoothing, giving you timely and reliable trend signals. Live Profit Tracking Labels: This is the standout feature. As soon as a trend period begins, a label appears showing the real-time profit (P:) from the trend's starting price. This label moves with the trend, giving you instant feedback on its performance and helping you make informed trade management decisions. Historical Performance Analysis: The profit labels remain on the chart for completed trends, allowing you to instantly review past performance. See at a glance which trends were profitable and which were not, aiding in strategy refinement and backtesting. Automatic Chart Decluttering: To keep your chart clean and focused on significant moves, the indicator automatically removes the historical profit label for any trend that fails to achieve a minimum profit threshold (default is 0.5 points). Dual-Ribbon Momentum System: JMA / Short EMA Ribbon: Visualizes short-term momentum. A green fill indicates immediate bullish strength, while a red fill shows bearish pressure. Short EMA / Long EMA Ribbon: Acts as a long-term trend filter, providing broader market context for your decisions. "GCM Hunt" Entry Signals: The indicator includes optional pullback entry signals (green and red triangles). These appear when the price pulls back to a key moving average and then recovers in the direction of the primary trend, offering high-probability entry opportunities. How to Use Identify the Trend: Look for the appearance of a solid green line (UTPL) for a bullish bias or a solid red line (DTPL) for a bearish bias. Use the wider EMA ribbon for macro trend confirmation. Time Your Entry: For aggressive entries, you can enter as soon as a new trend line appears. For more conservative entries, wait for a "GCM Hunt" triangle signal, which confirms a successful pullback. Ride the Trend & Manage Your Trade: The moving profit label (P:) is your guide. As long as the trend line continues and the profit is increasing, you can confidently stay in the trade. A flattening JMA or a decreasing profit value can signal that the trend is losing steam. Focus Your Strategy: Use the Display Mode setting to switch between "Buyers Only," "Sellers Only," or both. This allows you to completely hide opposing signals and focus solely on long or short opportunities. Core Settings Display Mode: The master switch. Choose to see visuals for "Buyers & Sellers," "Buyers Only," or "Sellers Only." JMA Settings (Length, Phase): Fine-tune the responsiveness of the core JMA engine. EMA Settings (Long, Short): Adjust the lengths of the moving averages that define the ribbons and "Hunt" signals. Label Offset (ATR Multiplier): Customize the gap between the trend lines and the profit labels to avoid overlap with candles. Filters (EMA, RSI, ATR, Strong Candle): Enable or disable various confirmation filters to strengthen the "Hunt" entry signals according to your risk tolerance. Add the GCM Bull Bear Rider to your chart today and transform the way you see and trade the trend! ENJOY
Indikator Pine Script®
oleh uniGram
Fibonacci Optimal Entry Zone [OTE] (Zeiierman)█ Overview Fibonacci Optimal Entry Zone (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react — specifically within the "Golden Zone" (between the 50% and 61.8% retracement). It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies. Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment — all without clutter or lag. ⚪ The Structural Assumption Price moves in waves, but key retracements often lead to continuation or reversal — especially when aligned with structure breaks and trend shifts. The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area — the Golden Zone — marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries. █ How It Works ⚪ Structure Tracking Engine At its core, the indicator detects pivots and classifies trend direction: Structure Period – Determines the depth of pivots used to detect swing highs/lows. CHoCH – Break of structure logic identifies where the trend shifts or continues, marked visually on the chart. Bullish & Bearish Modes – Independently toggle uptrend and downtrend detection and styling. ⚪ Fibonacci Engine Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes: Custom Levels – Choose which retracements (0.50, 0.618, etc.) are shown. Real-Time Adjustments – When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings. Example: If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low. If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time. █ How to Use ⚪ Structure-Based Entry Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks. ⚪ Real-Time Reaction Tracking Enable Swing Tracker to keep the tool live — constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones. █ Settings Structure Period – Number of bars used to define swing pivots. Larger values = stronger structure. Swing Tracker – Auto-updates fib levels as new highs/lows form. Show Previous Levels – Keep older fib zones on chart or reset with each structure shift. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Indikator Pine Script®
oleh Zeiierman
15