This indicator constructs dynamic high/low price range levels, based on 3 point fractals. Trend lines are drawn (zigzag style) at fractal points when trend direction is clearly established.
This is a lagging indicator: fractals lag by one bar and trend lines can lag by many bars. However, its strength lays in objectively defining historic price action: e.g....
It uses Elliott teory to shift two moving averages 8 positions (based on 5-3 fractal), and the crossing is close to reversions. And it keeps an eye on RSI level to be sure it is on hot level to sell/buy
Based on Rick Santos ' Swing Charts V1 Darvas Box V0.1'
However I have migrated script to pine version 3, customized to suite and added a higher number for the trend count
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.
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.
8 Fractal Resonance Component indicators on a chart eats up LOTS of vertical space, so we're providing this Fractal Quad Components script to group 4 components a bit more compactly (eliminating the margin whitespace between indicator rows).
To view 8 components you'll need to add a second instance of this script to your chart and set its Base Timescale...
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...
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.
Multiple Statistics from zigzag:
• Price range between swings.
• Bar range between swings.
returns maximum value, avg value and mean deviation.
if you find something missing, please leave a message bellow.
This is another among zillions of attempts at a moving average of a security. More precisely, two attempts at one go). The zzoid function generates a zigzag-like MA that can adopt different forms. The stepline function creates, sure enough, a stepline.
![EURUSD: [RS]ZigZag Percent Reversal](https://s3.tradingview.com/g/gJlR0dW7_mid.png "[RS]ZigZag Percent Reversal")
![EURNZD: [RS]ZigZag Percent Reversal - Helper - Draw Patterns - Part 1](https://s3.tradingview.com/r/r9mcyyLQ_mid.png "[RS]ZigZag Percent Reversal - Helper - Draw Patterns - Part 1")
![EURUSD: [RS][V4]ZigZag Percent Reversal - Helper - Retrace Levels](https://s3.tradingview.com/c/CYeunhEM_mid.png "[RS][V4]ZigZag Percent Reversal - Helper - Retrace Levels")
![EURUSD: [RS]Renko ZigZag V0](https://s3.tradingview.com/h/hSinr6JT_mid.png "[RS]Renko ZigZag V0")
![USDRUB: [RS]ZigZag Percent Reversal(Multiple) - Forecast Areas](https://s3.tradingview.com/e/E53bztfS_mid.png "[RS]ZigZag Percent Reversal(Multiple) - Forecast Areas")
![USDCAD: [RS]ZigZag Percent Reversal - Multiple Statistics](https://s3.tradingview.com/q/Q8qIfnDH_mid.png "[RS]ZigZag Percent Reversal - Multiple Statistics")
