LazyBear's WaveTrend port has been praised for highlighting trend reversals with precision and punctuality (minimal lag). But strong "3rd Wave" trends can "embed" or saturate any oscillator flashing several premature crosses while stuck overbought/oversold. This happens when the trend stretches over a longer timescale than the oscillator's averaging window or...
EXPERIMENTAL: wave counting using swing charts, use at your own discretion.
EXPERIMENTAL: request for CharanTejaM zigzag may be adjusted to use other methods. zigzag repaints, use at your own discretion.
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D. Please insert the indicator into a 1h chart, otherwise change the lengths' inputs. you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors. H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish. Gray...
UPDATE: had a minor bug on how to detect the range.
EXPERIMENTAL: Swing Charts with a personal touch(has slight modifications) :p
EXPERIMENTAL: Method for detecting 4/5/6/7 point harmonics included 3drive detection rates are rudimentary.
EXPERIMENTAL: fan projection from zigzag.
update: added optional option for marking the fractals with bgcolor (request for: faizal.mansor.908)
ZigZag Based on price oscilation. added pattern recognition, also added recognition of head and shoulders and contracting/expanding triangles to previous list of patterns :p Use Alt Timeframe: enables optional timeframes, use higher timeframes to reduce noise. Timeframe: said Alt Timeframe. Show Patterns: toggles Pattern Recognition on.
Renko based zigzag: mode: can be Traditional or ATR . modeValue: can be whole number if you use ATR mode, or floating point number in case of Traditional mode. showOverlay: displays basis Renko overlay.
EXPERIMENTAL: Best method so far to draw the zigzag. Multi time frame options
Modified version of my original "True Williams Alligator (SMMA)" indicator that includes a multiplier to show the alligator (ie elliot wave mode) of higher timeframes. See original indicator for details. Note: First script submission. Didn't mean to use this chart. Ugly and messy. Oops.
Modified version of the true alligator indicator (ie SMMA) that features a timeframe multiplier so that you can monitor the elliott wave of higher timeframes. (See original "True Williams Alligator" for more details.) Note: First script submission. Didn't mean to use this chart. Also this is a duplicate post -- oops.
The built-in implementation of the alligator is incorrect. It uses SMA with altered input parameters to approximate the true alligator indicator. The alligator was created with a supercomputer to model the elliott wave - it's very apart from other MA techniques. The built-in approximation (and similar techniques) and the true alligator yield very different...