Neowave Cash Data Chart [BETA]

vor 3 Tagen

An automated "Cash Data" plotting tool for Neowave and Elliott Wave analysis. It converts standard price action into strict High/Low wave charts, highlights suspicious monowaves, and limits historical data to focused segments.

Description Body:

This is a BETA version of a specialized charting tool designed specifically for practitioners of Glenn Neely's Neowave methodology and general Elliott Wave analysis. This indicator processes price data to generate a strict Neowave-compliant chart

Key Features
Optimized for Neowave: Specifically built for Neowave technicians who need precise structural data

True Cash Data Simulation: Converts standard candles into a strict High/Low line chart. It determines whether the High or Low came first and plots the monowaves accordingly.

History Limiter (Data Points): The chart only displays the exact number of data points you specify (e.g., 60).

Suspicious Monowave Detection: Automatically highlights wave segments in RED if the High and Low occurred within the same base bar. This warns you that the specific order (High-first vs Low-first) is ambiguous on the current timeframe and requires inspection.

Multi-Degree Overlay: You can plot two degrees simultaneously. For example, display the Monthly wave (Primary) in thick black and the Weekly wave (Secondary) in thin gray to see how internal waves fit the larger structure.


Settings Guide
1. Primary Cash Data

Cash Data Timeframe: The timeframe you want to emulate (e.g., select "M" for Monthly Cash Data).

Data Points: Controls the amount of history shown.

Note: Increasing this number (e.g., to 100 or 200) will reveal more past history.

2. Alternate Cash Data TF (Secondary)

Enable Altername TF: Check this to overlay a second timeframe.

Other Data Points: Controls how much history is shown for this secondary timeframe (independent of the primary).

Note: The "Other" & "Cash Data timeframe" must be higher than your current chart timeframe.

3. Suspicious Monowaves

Highlight Suspicious: If enabled, ambiguous waves (where H/L are in the same bar) are colored Red. This signals you to check a lower timeframe to verify the true price path.

Beta Test & Access
I am currently looking for beta testers to use this script on various markets and report any plotting issues or edge cases.

How to get access:

Send me a Private Message here on TradingView.

Testers will retain extended access to the script for helping refine the tool.

Disclaimer: This tool is for structural analysis only. Always verify wave counts manually.

vorgestern

Versionshinweise

Live Data Fix

This release resolves an issue where the current (live) period would occasionally freeze or disappear when the history buffer was full.

The script now prioritizes real-time data to ensure the current High/Low is always displayed.

The current period will now update without interruption, regardless of how much historical data is loaded on the chart.