This indicator looks for N patterns on the chart and illustrates them.
It predicts the future point D from the most recent point C and the past points A and B.
Settings:
Pivot Right bar / Pivot Left bar
Pivot settings.
Lookback
Go back a specified number of bars to find point A.
When point A is found, the opposite vertex in between is point B.
Nearest Bars Count
If the most recent C point and the previous C point are too close, the previous C point will be hidden.
Specify the number of bars to determine if they are too close.
Objectives
There are three types of D points, which are future prices.
Each can be shown or hidden.
Support/Resistance
Draw a line extending horizontally from point B as a support line or resistance line.
It predicts the future point D from the most recent point C and the past points A and B.
Settings:
Pivot Right bar / Pivot Left bar
Pivot settings.
Lookback
Go back a specified number of bars to find point A.
When point A is found, the opposite vertex in between is point B.
Nearest Bars Count
If the most recent C point and the previous C point are too close, the previous C point will be hidden.
Specify the number of bars to determine if they are too close.
Objectives
There are three types of D points, which are future prices.
Each can be shown or hidden.
Support/Resistance
Draw a line extending horizontally from point B as a support line or resistance line.
リリースノート:
Changed the option "nearest_count"
0: All lines will be visible.
1: Lines with point A in common will be hidden.
2~: Lines with point C in the specified period will be hidden.
0: All lines will be visible.
1: Lines with point A in common will be hidden.
2~: Lines with point C in the specified period will be hidden.
リリースノート:
Changed the calculation of line lengths for support and resistance lines.
It is calculated from the longer of the A-B and B-C periods.
It is calculated from the longer of the A-B and B-C periods.
リリースノート:
- Added labels "OP" "COP" "XOP"
リリースノート:
- Added P point.
リリースノート:
Codes refactoring
リリースノート:
- Migrated to pine script v5
- Updated the debug messages.
リリースノート:
- Added C-P line