Hosoda Waves ABCThe Hosoda Waves indicator was devised by Goichi Hosoda, the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges to which the market would react. Hosoda's projections include the NT, N, V, and E waves, derived from calculations based on both upward and downward ABC swings. The calculations for Hosoda's waves are as follows:
NT Wave = C + (C - A)
N Wave = B + (B - A)
V Wave = B + (B - C)
E Wave = C + (B - A)
This indicator visually represents the calculations by Hosoda. Additionally, Hosoda indicated time cycles: 9, 17, 26, 33, 42, 51, 65, 76, etc., which are not integrated into this indicator as they are not considered effective in contemporary times.
Once applied to the chart, the interactive Pine Script tool version 5 will prompt you to identify 3 points of "low-high-low" or "high-low-high," both for upward and downward movements. Once clicked, these price points can be moved. If you change the time frame or market instrument, the indicator must be removed because it remains tied to the prices where it was initially drawn.
Hosoda-n-waves
Hosoda Waves ABCDEThe Hosoda Waves indicator was devised by Goichi Hosoda, who is also the creator of the Ichimoku system, with the idea that previous highs and lows could determine future price ranges that the market would react to.
Hosoda's projections are the NT, N, V, and E waves, which are derived from calculations based on both upward and downward ABC swings.
Hosoda's waves are derived from the following calculations:
NT Wave = C + (C - A)
N Wave = B + (B - A)
V Wave = B + (B - C)
E Wave = C + (B - A)
There are already scripts for the Hosoda waves, and my idea is to project an ABCDE swing simultaneously, meaning projecting three swings:
ABC, indicated with an A, resulting in NT-A, N-A, V-A, E-A.
BCD, indicated with a B, resulting in NT-B, N-B, V-B, E-B.
CDE, indicated with a C, resulting in NT-C, N-C, V-C, E-C.
Once the indicator is applied to the chart, the interactive Pine Script tool version 5 will prompt you to identify 5 points of "low-high-low-high-low" or "high-low-high-low-high," both for upward and downward movements and mixed.
Once clicked, these price points can be moved. If you change the time frame or market instrument, the indicator must be removed because it remains tied to the prices where it was initially drawn.
Hosoda N Wave and TPs {fmz}This script allows you to establish in a graphic and interactive way which are the N, NT, V and E targets for a Hosoda N wave.
Apply the indicator to the chart.
The interactive tool of Pine script version 5 will ask you to identify three points of "minimum-maximum-higher minimum" that form a bullish N wave of Hosoda (refer to the specific documentation for Hosoda N wave), or on the contrary three points "maximum-minimum-lower maximum" for a bearish N wave.
Once drawn, the price points can be moved.
When changing the market instrument, the indicator must be removed because it remains linked to the prices where it was first drawn.
