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Candlestick analysis

DAMMU SWING TRADING PROScalping and swing trading tool for 15-min and 1-min charts. Designed for trend, pullback, and reversal analysis. Works optionally with Heikin Ashi candles. Indicators Used EMAs: EMA89/EMA75 (green) EMA200/EMA180 (blue) EMA633/EMA540 (black) EMA5-12 channel & EMA12-36 ribbon for short-term trends Price Action Channel (PAC) – EMA high/low/close, length adjustable Fractals & Pristine Fractals (BW filter) Higher High (HH), Lower High (LH), Higher Low (HL), Lower Low (LL) detection Pivot Points – optional, disables fractals automatically Bar color coding based on PAC: Blue → Close above PAC Red → Close below PAC Gray → Close inside PAC Trading Signals PAC swing alerts: arrows or shapes when price exits PAC with optional 200 EMA filter. RSI 14 signals (if added): ≥50 → BUY <50 → SELL Chart Setup Two panes: 15-min (trend anchor) + 1-min (entry) Optional Heikin Ashi candles Use Sweetspot Gold2 for support/resistance “00” and “0” lines Trendlines can be drawn using HH/LL or Pivot points Usage Notes Trade long only if price above EMA200; short only if below EMA200 Pullback into EMA channels/ribbons signals potential continuation Fractals or pivot points help define trend reversals PAC + EMA36 used for strong momentum confirmation Alerts Up/Down PAC exit alerts configurable with big arrows or labels RSI labels show buy/sell zones (optional) Works on both 15-min and 1-min timeframes If you want, I can make an even shorter “super cheat-sheet” version for 1-page quick reference for trading. It will list only inputs, signals, and colors.
Wskaźnik Pine Script®
od dammucool
Aktien Spike Detector by DavidDescription: This indicator marks the daily high and low on the chart and provides a visual and audible alert whenever the current price touches either of these levels. Additionally, the indicator highlights the candlestick that reaches the daily high or low to quickly identify significant market movements or potential reversal points. Features: 📈 Daily high and low are automatically calculated and displayed as lines on the chart. 🔔 Alert notification when the price touches the daily high or low. 🕯️ Highlighting of the touch candlestick (e.g., color-coded) for better visual orientation. 💡 Ideal for traders trading breakouts, rejections, or intraday reversals. Areas of application: Perfect for day traders, scalpers, and intraday analysts who want to see precisely when the market reaches key daily levels.
Wskaźnik Pine Script®
od dfce82
Flip to GreenPurpose: This indicator applies a Lorentzian-distance–based machine-learning model to classify market conditions and highlight probable momentum shifts. Where traditional indicators react to price movement, this one uses statistical pattern recognition to predict when momentum is likely to flip direction — the classic “flip to green” signal. Concept: Financial markets don’t move linearly; they bend and distort around major catalysts (news, FOMC meetings, earnings, etc.) in a way similar to how gravity warps space-time. This indicator accounts for that distortion by measuring distance in Lorentzian space instead of the usual Euclidean space. In simple terms: it adapts to volatility “warping,” allowing the model to detect structural momentum changes that normal math misses. Core logic: Imports two custom libraries: MLExtensions for machine-learning utilities KernelFunctions for advanced distance calculations Computes relationships among multiple features (e.g., RSI, ADX, or other inputs). Uses Lorentzian geometry to weight how recent price-time behavior influences current classification. Outputs a visual “flip” cue when the probability of trend reversal exceeds threshold confidence. Why it matters: Most indicators measure what has already happened. Lorentzian Classification attempts to capture what’s about to happen by comparing the present market state to a trained historical distribution under warped “price-time” geometry. It’s particularly useful for spotting early accumulation or exhaustion zones before they become obvious on standard momentum tools. Recommended use: Run it as a background trend classifier or color overlay. Combine it with volume-based confirmation tools (e.g., Dollar Volume Ownership Gauge) and structural analysis. A “flip to green” suggests buyers are regaining control; a fade or flip to red implies control returning to sellers.
Wskaźnik Pine Script®
od Mando4_27
KDJ Max-Distance (K-D vs K-J)This indicator measures the maximum divergence between K and its related lines (D or J) in the KDJ stochastic system. KEY CONCEPT: - Calculates two distances: |K-D| and |K-J| - Outputs whichever distance is larger - Shows which component (D or J) is most diverged from K at any given time CALCULATION: 1. Standard KDJ: K (fast), D (K smoothed), J (3K - 2D) 2. Distance K-D: momentum between fast and slow lines 3. Distance K-J: captures extreme divergence 4. Output: max(|K-D|, |K-J|) or signed version INTERPRETATION: • High positive values: K strongly above both D and J (strong upward momentum) • High negative values: K strongly below both D and J (strong downward momentum) • Near zero: K aligned with D/J (consolidation or reversal zone) • Background color shows which is dominant: Teal=K-D, Orange=K-J USE CASES: - Identify extreme momentum conditions - Spot divergence exhaustion - Confirm trend strength - Filter ranging vs trending markets SETTINGS: - Signed mode: preserves direction (positive/negative) - Absolute mode: shows pure distance magnitude - Adjustable guide levels for visual reference
Wskaźnik Pine Script®
od aurostr
Tristan's Devil Mark (Short / Long, with W%R)The Devil’s Mark indicator is a visual tool designed to help traders identify potential short and long opportunities based on candle structure and market momentum. It combines price action analysis with the Williams %R (W%R) oscillator to highlight candles with high potential for reversal or continuation. Can be used on any timeline, from scalping day trades to swing trades on daily and higher timelines. Know that the higher the timeline the less likely the indicator will show. (Asia and London sessions tend to show many indicators. I find this more useful for NY session.) How the script works Candle Structure Conditions Short (Sell) Wedge: Plotted above green candles that have no bottom wick, indicating that inside that candle there was strong upward momentum without downside hesitation . Long (Buy) Wedge: Plotted below red candles that have no top wick, indicating that inside that candle there was strong downward momentum without upside hesitation . These candles are visually emphasized as wedges to mark potential turning points. Williams %R Filter The indicator uses Williams %R to measure overbought and oversold conditions: Proximity to 0 (nearZeroThresh): Determines how close W%R must be to 0 (overbought) to trigger a Sell Wedge. This acts as a “Sell sensitivity” filter. Proximity to -100 (nearHundredThresh): Determines how close W%R must be to -100 (oversold) to trigger a Buy Wedge. This acts as a “Buy sensitivity” filter. When the candle meets both the candle structure and the W%R condition, the wedge is plotted in purple (“Within W%R Range”). When the "ignore W%R filter" toggle is on, all eligible candles are plotted regardless of W%R. Wedges that normally would not meet W%R criteria are plotted in light purple (“Outside W%R Range”) to distinguish them. #YOLO (🚫 I recommend leaving "Ignore W%R Filter" OFF) Settings Explained Williams %R Length: The number of bars used to calculate the W%R oscillator. Shorter lengths make it more sensitive; longer lengths smooth the readings. Proximity to 0 / 100: Controls how “strict” the indicator is in requiring overbought or oversold W%R conditions to trigger. Lower values mean closer to extreme zones, higher values are more permissive. Ignore W%R Toggle: Option to show Devil’s Marks on every eligible candle regardless of W%R. Useful for visualizing purely price-action-based signals. What the trader sees Purple wedges: Candles meeting both candle structure and W%R conditions. Light purple wedges: Candles meeting candle structure but ignored W%R (when toggle is on). #YOLO (🚫 I recommend leaving "Ignore W%R Filter" OFF) Short opportunities are wedges above bars (green candles with no bottom wick). Long opportunities are wedges below bars (red candles with no top wick). Trading Insight The Devil’s Mark is a momentum and reversal alert tool: Look for purple downward-pointing wedges when W%R is near overbought. This is a potential shorting opportunity. Buying at the close of that candle may improve your short trades. Look for purple upward-pointing wedges when W%R is near oversold. This is a potential long opportunity. Buying at the close of that candle may improve your long trades. Light purple wedges show the same price-action cues without W%R confirmation—useful for aggressive traders who want every potential setup. #YOLO #YMMV #noFullPort Settings / Security The “Output values” checkbox appears for each plotted series (like a plot or plotshape) and controls whether the series will also be exposed numerically in the Data Window or used by other indicators/scripts. Here’s what it means in practice: 1. Checked (true) The series values (like candle high, low, or any computed value) are exported to the Data Window and can be read by other scripts using request.security() or ta functions. Example: You can see the exact numerical value of each plotted point in the Data Window when you hover over the chart. Useful if you want to backtest or reference these plotted values programmatically. 2. Unchecked (false) The series is plotted visually only. The numeric values are hidden from the Data Window and cannot be accessed by other scripts. Makes the chart cleaner if you don’t need the numeric outputs.
Wskaźnik Pine Script®
od OhRayOhRay
1
MechArt ATR Box 12 V1.1MechArt ATR Box 12 V1.1 — Auto ATR Edition Overview: The MechArt ATR Box 12 is a precision visualization tool for tracking ATR-based trade levels across multiple tickers. It automatically plots your +1 ATR roll zone, -2 ATR stop, and -3 ATR emergency exit, providing a clear visual map of your trade’s range and time horizon. Key Features: Auto ATR on Entry Date: For each configured ticker, the indicator automatically pulls the historical ATR(14) value that matches your entry date — no manual ATR entry needed. This refreshes each time the ticker is revisited. Smart Defaults for Other Tickers: If a ticker isn’t listed in the code, the indicator defaults to your current price as the entry, calculates ATR live, and sets expiration 21 days out, aligned to the next Friday. Multi-Ticker Setup (12 Slots): You can predefine up to 12 tickers inside the code, each with its own entry price, entry date and expiration date. Once saved, the indicator recognizes and loads them automatically when you open that chart. Customizable Appearance: Adjustable opacity and colors for each ATR box Line width, style, and transparency controls DTE/ATR label with adjustable font size Dynamic Labels: Displays the remaining days to expiration (DTE) and the ATR value used for calculations. Use Case: Designed for swing traders and options traders managing multiple active tickers. Each ATR box visually represents your trade window — from entry through expiration — with clear risk and roll boundaries. How It Works: Simply open the code once and enter your 12 tickers, each with its entry date and price. The script handles ATR lookups and expiration alignment automatically. Any ticker not included will generate its own default 21-day box.
Wskaźnik Pine Script®
od MechArt_
CHAN CRYPTO RS🩷 ATR RS (Crypto / High-based 2.1x, Decimal Safe v2) This indicator is designed for crypto position sizing and stop calculation using ATR-based risk management. It helps traders automatically determine the stop price, per-unit risk, and optimal position size based on a fixed risk amount in USDT. 🔧 Core Logic ATR Length (Daily RMA) — calculates the daily Average True Range (ATR) using RMA smoothing. ATR Multiplier (2.1× default) — defines how far the stop is placed from the daily high. Stop Price (for Longs) = Daily High − ATR × Multiplier Per-Unit Risk = (Entry − Stop) × Point Value Position Size = Risk Amount ÷ Per-Unit Risk Automatically handles decimal precision for micro-priced crypto assets (e.g., PEPE, SHIB). Includes safeguards for minimum size and maximum position caps. 💡 Features Uses Daily ATR without lookahead (no repainting). Dynamically switches between current and previous ATR for stable results when the daily bar isn’t yet confirmed. “Snap to tick” ensures stop prices align with the symbol’s tick size. Table display summarizes ATR, stop price, per-unit risk, total risk, size, and bet amount. Optional stop label on the chart for visual clarity. 🧮 Output Table Metric Description ATR(10) Daily RMA-based ATR ATR used Chosen ATR (current or previous) Stop Calculated stop price Per-unit Risk per coin/unit Risk Total risk in USDT Size Optimal position size Bet Total position value (Entry × Size) 🧠 Ideal For Crypto traders who use fixed-risk ATR strategies and need precise, decimal-safe position sizing even for ultra-low-priced tokens.
Wskaźnik Pine Script®
od turtlekim
Elite_Pro_SignalsA sophisticated trading indicator that combines 8 powerful technical factors into a single confidence score to identify high-probability reversal signals. 8-Factor Confidence Scoring - Weighted analysis of multiple technical aspects Smart Trend Alignment - Multi-timeframe EMA convergence Advanced Pattern Recognition - Pin Bars, Engulfing, Inside Bars, Hammer/Shooting Star Supply/Demand Zones - Automatic key level detection Support/Resistance Confluence - Price action at significant levels ⚡ Smart Filters Market Regime Detection - Avoid choppy/low-volatility conditions Volume Confirmation - Ensure institutional participation Liquidity Sweep Validation - Smart money movement detection Candle Quality Filter - Eliminate false signals from tiny candles 🔧 How It Works Confidence Scoring System (0-100%) text Wick Strength (30%) + Trend Alignment (25%) + Pattern Recognition (15%) + Supply/Demand Zones (12%) + Support/Resistance (10%) + RSI Momentum (5%) + Volume & Liquidity (5%) Signal Generation 🟢 BUY Signals - Bullish rejection + Uptrend + High confidence 🔴 SELL Signals - Bearish rejection + Downtrend + High confidence 🎨 Visual Features Clear Buy/Sell Arrows - Easy-to-spot signals Confidence Background - Color-coded confidence levels Info Table - Real-time metrics and analysis Multi-Timeframe EMAs - Trend direction visualization Professional Alerts - Real-time notifications ⚙️ Customization Confidence Weights Adjust the importance of each factor to match your trading style Strategy Parameters EMA periods (Fast: 20, Slow: 50) RSI levels (Oversold: 25, Overbought: 80) Minimum confidence threshold (70% recommended) Advanced Filters Volume multiplier settings Liquidity sweep sensitivity Market regime filters Zone detection parameters 📈 Recommended Usage Timeframes Primary: 5-minute to 1-hour charts Best Results: 15-minute with 1-hour trend alignment Markets Forex Pairs (EURUSD, GBPUSD, XAUUSD) Indices (US30, NAS100, DE40) Commodities (Gold, Oil) Trading Sessions London & New York overlap (Highest volatility) Avoid Asian session (Low signal quality) 🔍 Signal Interpretation High-Confidence Signals (80%+) Strong trend alignment Clear rejection patterns Volume confirmation Multiple confluence factors Medium-Confidence Signals (60-80%) Good setup but missing 1-2 factors Requires additional confirmation Low-Confidence Signals (<60%) Avoid trading Wait for better setups
Wskaźnik Pine Script®
od trader1292
TradeVision Pro - Multi-Factor Analysis System═══════════════════════════════════════════════════════════════════ TRADEVISION PRO - MULTI-FACTOR ANALYSIS SYSTEM Created by Zakaria Safri ═══════════════════════════════════════════════════════════════════ A comprehensive technical analysis tool combining multiple factors for signal generation, trend analysis, and dynamic risk management visualization. Designed for educational purposes to study multi-factor convergence trading strategies across all markets and timeframes. ⚠️ IMPORTANT DISCLAIMER: This indicator is provided for EDUCATIONAL and INFORMATIONAL purposes only. It does NOT constitute financial advice, investment advice, or trading advice. Past performance does not guarantee future results. Trading involves substantial risk of loss. Always do your own research and consult a financial advisor before making trading decisions. 🎯 KEY FEATURES ═══════════════════════════════════════════════════════════════════ ✅ MULTI-FACTOR SIGNAL GENERATION • Price Volume Trend (PVT) analysis • Rate of Change (ROC) momentum confirmation • Volume-Weighted Moving Average (VWMA) trend filter • Simple Moving Average (SMA) price smoothing • Signals only when all factors align ✅ DYNAMIC RISK VISUALIZATION (Educational Only) • ATR-based stop loss calculation • Risk-reward based take profit levels (1-5 targets) • Visual lines and labels showing entry, SL, and TPs • Automatically adapts to market volatility • ⚠️ VISUAL REFERENCE ONLY - Does not execute trades ✅ SUPPORT & RESISTANCE DETECTION • Automatic pivot-based level identification • Red dashed lines for resistance zones • Green dashed lines for support areas • Helps identify key price levels ✅ VWMA TREND BANDS • Volume-weighted moving average with standard deviation • Color-changing bands (Green = Uptrend, Red = Downtrend) • Filled band area for easy visualization • Volume-confirmed trend strength ✅ TREND DETECTION SYSTEM • Counting-based trend confirmation • Three states: Up Trend, Down Trend, Ranging • Requires threshold of consecutive bars • Independent trend validation ✅ PRICE RANGE VISUALIZATION • High/Low range lines showing market structure • Filled area highlighting price volatility • Helps identify breakout zones ✅ COMPREHENSIVE INFO TABLE • Real-time trend status • Last signal type (BUY/SELL) • Entry price display • Stop loss level • All active take profit levels • Clean, professional layout ✅ OPTIONAL FEATURES • Bar coloring by trend direction • Customizable alert notifications • Toggle visibility for all components • Fully configurable parameters 📊 HOW IT WORKS ═══════════════════════════════════════════════════════════════════ SIGNAL METHODOLOGY: BUY SIGNAL generates when ALL conditions are met: • Smoothed price > Moving Average (upward price trend) • PVT > PVT Average (volume supporting uptrend) • ROC > 0 (positive momentum) • Close > VWMA (above volume-weighted average) SELL SIGNAL generates when ALL conditions are met: • Smoothed price < Moving Average (downward price trend) • PVT < PVT Average (volume supporting downtrend) • ROC < 0 (negative momentum) • Close < VWMA (below volume-weighted average) This multi-factor approach filters out weak signals and waits for strong convergence before generating alerts. RISK CALCULATION: Stop Loss = Entry ± (ATR × SL Multiplier) • Uses Average True Range for volatility measurement • Automatically adjusts to market conditions Take Profit Levels = Entry ± (Risk Distance × TP Multiplier × Level) • Risk Distance = |Entry - Stop Loss| • Creates risk-reward based targets • Example: TP Multiplier 1.0 = 1:1, 2:2, 3:3 risk-reward ⚠️ NOTE: All risk levels are VISUAL REFERENCES for educational study. They do not execute trades automatically. ⚙️ SETTINGS GUIDE ═══════════════════════════════════════════════════════════════════ SIGNAL SETTINGS: • Signal Length (14): Main calculation period for averages • Smooth Length (8): Price data smoothing period • PVT Length (14): Price Volume Trend calculation period • ROC Length (9): Rate of Change momentum period RISK MANAGEMENT (Visual Only): • ATR Length (14): Volatility measurement lookback • SL Multiplier (2.2): Stop loss distance (× ATR) • TP Multiplier (1.0): Risk-reward ratio per TP level • TP Levels (1-5): Number of take profit targets to display • Show TP/SL Lines: Toggle visual reference lines SUPPORT & RESISTANCE: • Pivot Lookback (10): Sensitivity for S/R detection • Show SR: Toggle support/resistance lines VWMA BANDS: • VWMA Length (20): Volume-weighted average period • Show Bands: Toggle band visibility TREND DETECTION: • Trend Threshold (5): Consecutive bars required for trend PRICE LINES: • Period (20): High/low calculation lookback • Show: Toggle price range visualization DISPLAY OPTIONS: • Signals: Show/hide BUY/SELL labels • Table: Show/hide information panel • Color Bars: Enable trend-based bar coloring ALERTS: • Enable: Activate alert notifications for signals 💡 USAGE INSTRUCTIONS ═══════════════════════════════════════════════════════════════════ RECOMMENDED APPROACH: • Works on all timeframes (1m to Monthly) • Suitable for all markets (Stocks, Forex, Crypto, etc.) • Best used with additional analysis and confirmation • Always practice proper risk management ENTRY STRATEGY: 1. Wait for BUY or SELL signal to appear 2. Check trend table for trend confirmation 3. Verify VWMA band color matches signal direction 4. Look for nearby support/resistance confluence 5. Consider entering on next candle open 6. Use visual SL level for risk management EXIT STRATEGY: 1. Use TP levels as potential exit zones 2. Consider scaling out at multiple TP levels 3. Exit on opposite signal 4. Adjust stops as trade progresses 5. Account for spread and slippage TREND TRADING: • "Up Trend" → Focus on BUY signals • "Down Trend" → Focus on SELL signals • "Ranging" → Wait for clear trend or use range strategies 🎨 VISUAL ELEMENTS ═══════════════════════════════════════════════════════════════════ • GREEN VWMA BANDS → Bullish trend indication • RED VWMA BANDS → Bearish trend indication • ORANGE DASHED LINE → Entry price reference • RED SOLID LINE → Stop loss level • GREEN DOTTED LINES → Take profit targets • RED DASHED LINES → Resistance levels • GREEN DASHED LINES → Support levels • GREY FILLED AREA → Price high/low range • GREEN BUY LABEL → Long signal • RED SELL LABEL → Short signal • BLUE INFO TABLE → Current trade details • GREEN/RED BARS → Trend direction (optional) ⚠️ IMPORTANT NOTES ═══════════════════════════════════════════════════════════════════ RISK WARNING: • Trading involves substantial risk of loss • You can lose more than your initial investment • Past performance does not guarantee future results • No indicator is 100% accurate • Always use proper position sizing • Never risk more than you can afford to lose EDUCATIONAL PURPOSE: • This tool is for learning and research • Not a complete trading system • Should be combined with other analysis • Requires interpretation and context • Test thoroughly before live use • Consider consulting a financial advisor TECHNICAL LIMITATIONS: • Signals lag price action (all indicators lag) • False signals occur in choppy markets • Works better in trending conditions • Support/resistance levels are approximate • TP/SL levels are suggestions, not guarantees 📚 METHODOLOGY ═══════════════════════════════════════════════════════════════════ This indicator combines established technical analysis concepts: • Price Volume Trend (PVT): Volume-weighted price momentum • Rate of Change (ROC): Momentum measurement • Volume-Weighted Moving Average (VWMA): Trend identification • Average True Range (ATR): Volatility measurement (J. Welles Wilder) • Pivot Points: Support/resistance detection All methods are based on publicly available technical analysis principles. No proprietary or "secret" algorithms are used. ⚖️ FULL DISCLAIMER ═══════════════════════════════════════════════════════════════════ LIABILITY: The creator (Zakaria Safri) assumes NO liability for: • Trading losses or damages of any kind • Loss of capital or profits • Incorrect signal interpretation • Technical issues, bugs, or errors • Any consequences of using this tool USER RESPONSIBILITY: By using this indicator, you acknowledge that: • You are solely responsible for your trading decisions • You understand the substantial risks involved • You will not hold the creator liable for losses • You will conduct your own research and analysis • You may consult a licensed financial professional • You are using this tool entirely at your own risk AS-IS PROVISION: This indicator is provided "AS IS" without warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement. The creator is not a registered investment advisor, financial planner, or broker-dealer. This tool is not approved or endorsed by any financial authority. 📞 ABOUT THE CREATOR ═══════════════════════════════════════════════════════════════════ Created by: Zakaria Safri Specialization: Technical analysis indicator development Focus: Multi-factor analysis, risk visualization, trend detection This is an educational tool designed to demonstrate technical analysis concepts and multi-factor signal generation methods. 📋 VERSION INFO ═══════════════════════════════════════════════════════════════════ Version: 1.0 Platform: TradingView Pine Script v5 License: Mozilla Public License 2.0 Creator: Zakaria Safri Year: 2024 ═══════════════════════════════════════════════════════════════════ Study Carefully, Trade Wisely, Manage Risk Properly TradeVision Pro - Educational Trading Tool Created by Zakaria Safri ═══════════════════════════════════════════════════════════════════
Wskaźnik Pine Script®
od zakariasafri47
1
Custom Moving Average Cross - White//@version=5 indicator("Custom Moving Average Cross", overlay=true) // User-defined parameters for moving averages short_period = input.int(10, title="Short Period", minval=1) long_period = input.int(100, title="Long Period", minval=1) // Calculate the moving averages short_ma = ta.sma(close, short_period) long_ma = ta.sma(close, long_period) // Plot the moving averages plot(short_ma, color=color.blue, title="Short MA") plot(long_ma, color=color.red, title="Long MA") // Define the buy and sell conditions based on crossovers buy_signal = ta.crossover(short_ma, long_ma) sell_signal = ta.crossunder(short_ma, long_ma) // Plot the buy and sell signals with labels (white text) plotshape(buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", text="BUY", textcolor=color.white) plotshape(sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", text="SELL", textcolor=color.white) // Optional: Background color to highlight the signals bgcolor(buy_signal ? color.new(color.green, 90) : na, title="Buy Signal Background") bgcolor(sell_signal ? color.new(color.red, 90) : na, title="Sell Signal Background")
Wskaźnik Pine Script®
od aforrester1995
Elliott Wave (𝐒𝐓𝐄𝐄𝐋 𝐂𝐈𝐓𝐘 𝐂𝐑𝐄𝐀𝐓𝐎𝐑𝐒)This indicator provides a rules-based helper for visually identifying potential Elliott Wave patterns — including 1–5 impulse structures and optional A–B–C corrective moves. It automatically detects pivot highs/lows using the user-defined left/right swing settings and connects them with a ZigZag line filtered by either ATR or percentage change to reduce market noise. When a valid 5-wave impulse structure is found (either bullish or bearish), the indicator labels waves 1–5 on the chart. After completion of the fifth wave, it optionally monitors for an A–B–C corrective pattern and labels those points when detected. Alerts are generated when an impulse or correction is confirmed. Features ✅ Automatic pivot detection using configurable left/right swing bars. ✅ ATR or %-based swing filter to avoid small fluctuations. ✅ ZigZag plotting to visualize price structure. ✅ Automatic labeling of potential Elliott impulse waves (1–5). ✅ Optional A–B–C correction detection after wave 5. ✅ Alerts when impulses and corrections complete. ✅ Customizable visuals (colors, sensitivity, pivot length). ✅ Works on all symbols and timeframes. Usage Tips For best results, use larger timeframes (e.g., 1H–1D) where Elliott structures are cleaner. Adjust Pivot Left/Right and ATR Multiplier for your chart’s volatility. Remember: Elliott Wave theory is interpretive — this tool provides objective swing logic to assist manual analysis, not a guaranteed automatic wave count.
Wskaźnik Pine Script®
od STEEL-CITY-CREATORS
2