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Trailing Candle CounterThis script is for users who like to monitor and/or analyze a specified number of candles within the time the last candle closed. Al Brooks fans may enjoy this indicator. While searching for an indicator that already had this functionality I found a script by @Steversteves which counted the candles/percentage within a set period of time. This let me know it could be done. In honor of Steversteves I kept the table the same colors - although, I added code to allow the table to be modified. When opening the script the user will need to set a begin/end time to analyze – don't worry as you can set anything you want and it can be altered after the script is running. This image shows the settings for a user to be able to set a begin time and have the indicator count all the candles from that time through to the current time and update at each candle close. The user can move the beginning time as needed. This is useful if the user is monitoring the length of a trend, wedge, channel, etc.: If the indicator is in view and the beginning time is on the chart the user can select the table to view/select/change the beginning time. This image shows the settings for a user to monitor the last set of candles since the last candle closed. This is useful if the user expects a pullback after a set number of candles or expects some alteration in a trend within a set number of candles. In this case the user setting is to watch five candles: This setting is the reason for my creation of this indicator. This image shows the settings for a user to monitor two sets of candles. In this case an additional set of five candles has been added to the original set of five candles: If one is watching for movements to last a certain number of bars when the first bar of the movement is exiting the background color the user can expect a change in the price momentum. This image shows the same functionality as in Steversteves original script (although, I used almost none of his original code). The user can set a begin time and end time to analyze the number or red/green candles and the percentage of each within that time period. If the indicator is in view and the beginning and end times are on the chart the user can select the table to view/select/change the times. I hope you find this useful and if you have any questions/comments/suggestions for improvement please comment below.
Pine Script® indicator
by shaneaus
1
Event Locator BasicUsable under any conditions and in all markets, the 'event locator' provides a foundational layer for any count-based trading strategy or system. This specific installment color codes events - all down events are green, up events are blue, double-marked events are red, and smooth events are gray. It also wraps the price sequence in a 3-d line landscape plot - providing a visual using lines that are event sensitive. Though events are sometimes referred to as 'fractals,' this is not a fractal tool. These marks are based on 3 candles, not 5 as is common with the Bill Williams fractal scripts. Every countable event on the chart will be marked using this tool. Really, Elliott Wave should have told you about this... (because you can't legitimately count w/o it) //This indicator was originally a mod of the 'Williams Fractals' indicator - modified by Erek A.D., Nov. 2017 //It was rewritten from the ground up by 'Brobear' in Sept./Oct. 2018 //This code marks 'rough' AND 'smooth' EVENTS in price flow //EVENTS are naturally created in markets when SEPARATION occurs at candle tips //SEPARATION happens when a high is flanked by lower highs or a low is flanked by higher lows //EVENT LOCATORS like this provide an objective foundation for counting price movement
Pine Script® indicator
by trendlab2
Fuzzy Fib CountsA new approach to trend/time analysis. This indicator counts up/down price moves using fuzzy logic in two time frames. Counts reaching Fibonacci numbers are often significant to trend momentum: either reversal or stronger continuation. See the script’s beginning comments for details. I’m amazed with DeMark and all his indicators. But after coding a TD_Sequential script, I began to wonder if there wasn’t an easier way to identify high probability entry/exit points without all the intricate logic. It took awhile, but a different paradigm eventually came into focus: Fuzzy Fib Counts (FFC). FFC is like “analog” compared to TD_Sequential’s “digital” approach. And FFC is much simpler: no buy/sell/perfected/deferred signals, just up/down counts. It’s uncanny how often a trend is refocused at Fibonacci numbers, but like TD_Sequential… it’s not perfect! As with all indicators, consult your intuition, before pulling the trigger. The default values have been effective for me in Bitcoin (and I’m surprised how well it works in smaller time frames). However, for less volatile markets, you may need to reduce the fuzz level and/or adjust the filter (averaging) parameters. FFC has been helpful to me. Hope it helps you too! If so, donations appreciated… Thanks! BTC: 36FdUcETrwmGxt5qazq7Bo7kad9kuNawMF LTC: MJYHzwJYjsnB35dzb5L9hCpqZf8RyqViEm ETH: 0x3db7557bea61ca4c096c6ed7bdb2a0d69e455fe1 Looking for trailblazers to help explore new possibilities… Add constructive comments below!
Pine Script® indicator
by brobear
28