Trend visualization tool in Wave theory. This script allows to observe wave directions (trends) at 3 higher intervals. For each candle, 3 rectangles are shown with their color, showing the current trend in a given interval/timeframe. By default, green is an uptrend and red is a downtrend.
Currently it supports 2 rulesets/wave variants: Low - More sensitive (trend will change more ofter). Meddium - Less sensitive ( trend will change less ofter).
Simultaneous observation of multiple timeframes reduces the time needed for analysis and facilitates making investment decisions.
Script with limited access, contact author to get authorization
Script settings:
Type – Specify which wave type should be used in trend visualization:
L(ow) – Low level waves
M(edium) – Medium level waves
Top trend timeframe – Timeframe and color mapping of the visualization top row. Middle trend timeframe – Timeframe and color mapping of the visualization middle row. Bottom trend timeframe – Timeframe and color mapping of the visualization bottom row.
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Package of improvements: - Fix problem with unconsistent real time data. - Add signal box