QuantitativeExhaustion

Wave Channel 3D

Wave Channel 3D
Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010

This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian Channel to locate strong trends and possible future support - resistance.


Examples of support/resistance on chart.


Dominant Price Trends


Future Support Resistance


Comparing Fibonacci Series Time Space - Multiplier


When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example uses DC

When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example without DC / Smooth MA
Açık kaynak kodlu komut dosyası

Gerçek TradingView ruhuyla, bu komut dosyasının yazarı açık kaynak olarak yayınladı, böylece yatırımcılar bunu anlayabilir ve doğrulayabilir. Yazara tebrikler! Ücretsiz olarak kullanabilirsiniz, ancak bu kodun bir yayında yeniden kullanımı Kullanım Koşulları tarafından belirlenmektedir. Bir grafikte kullanmak için favorilerinize ekleyebilirsiniz.

Bu komut dosyasını bir grafikte kullanmak ister misiniz?
study(title="3D-Wave Channel", shorttitle="3D-WC", overlay=true)
timespace = input(1)
smooth = input(89)
offsetMultiplier=input(8)
useDonchianAverage = input(false)
src = input(ohlc4)
ma = useDonchianAverage ? avg(highest(smooth),lowest(smooth)) : ema(src, smooth)
plot(ma[0], color=black, offset=offsetMultiplier*01)
plot(ma[timespace*01], color=silver, offset=offsetMultiplier*02)
plot(ma[timespace*02], color=silver, offset=offsetMultiplier*03)
plot(ma[timespace*03], color=gray, offset=offsetMultiplier*04)
plot(ma[timespace*04], color=gray, offset=offsetMultiplier*05)
plot(ma[timespace*05], color=gray, offset=offsetMultiplier*06)
plot(ma[timespace*06], color=silver, offset=offsetMultiplier*07)
plot(ma[timespace*07], color=silver, offset=offsetMultiplier*08)
plot(ma[timespace*08], color=gray, offset=offsetMultiplier*09)
plot(ma[timespace*09], color=gray, offset=offsetMultiplier*10)
plot(ma[timespace*10], color=black, offset=offsetMultiplier*11)

max_ma()=>max(ma[timespace*10],max(ma[timespace*9],max(ma[timespace*8],max(ma[timespace*7],max(ma[timespace*6],max(ma[timespace*5],max(ma[timespace*4],max(ma[timespace*3],max(ma[timespace*2],max(ma[timespace*1], ma))))))))))
min_ma()=>min(ma[timespace*10],min(ma[timespace*9],min(ma[timespace*8],min(ma[timespace*7],min(ma[timespace*6],min(ma[timespace*5],min(ma[timespace*4],min(ma[timespace*3],min(ma[timespace*2],min(ma[timespace*1], ma))))))))))

top = highest(max_ma(), smooth)
bot = lowest(min_ma(), smooth)

plot(top, color=black, offset=offsetMultiplier)
plot(bot, color=black, offset=offsetMultiplier)

Yorumlar

Thank you for sharing this interesting idea. The indicator initially seems to be really great based from the screenshot, but when I tested the signals they are lagging extremely behind the price movement. Even with very fast settings like smooth input(5), offsetMultiplier input(1) I could not find anything I would find useful in actual day-trading.

Don't get me wrong. I think this indicator is great when you analyze a new symbol for the very first time. It is very good to see the overall trend direction of recent weeks; to get an overall feeling where the market was headed recently.
+5 Cevap Gönder
Thanks for that feedback ChartArt. Have explored all the features this indicator might provide. Current and future Support/Resistance , Trend Breakouts and more?
+4 Cevap Gönder
ChartArt QuantitativeExhaustion
My setting in action. Useful to see the overall strongest recent trend direction (and yes, also the major past support/resistance zones).

+3 Cevap Gönder
ChartArt ChartArt
Period 4 smoothed on weekly SPY chart. If only trading would be always that easy :D

+3 Cevap Gönder
Looks even better with HA.
+4 Cevap Gönder
You should also compare longer time series and multipliers. I picked Fibonacci Series, showing how in the example above. More support/resistance folds, higher probability of seeing those areas again displaying support/resistance.
+4 Cevap Gönder
Today maybe it would have been more accurate to use this indicator, my stop loss support was broken too early
+3 Cevap Gönder
sigmadict sigmadict
Green live VS Grey line
I MISSED THE POP
+3 Cevap Gönder
Using setting (1,50,4)
+3 Cevap Gönder
sigmadict sigmadict
We can verify with my the S/R I previously draw. It's not far from reality, I recommend to use it as a reference and validate with a line previous S/R more precisely.
+2 Cevap Gönder
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