Waves Change Signals

6. Jan. 2022

An extension (supporting script) for Waves series (e.g. Waves + ZOOnes). It detects candlestick patterns and:

• supports merging few candles into one to get more sensitive candlestick patterns detection
  
• supports filtering in the context of current wave (but it cannot draw the wave by itself)
  

It supports filtering based on 2 rulesets/wave variants:
Low - More sensitive (trend will change more ofter).
Meddium - Less sensitive ( trend will change less ofter).

Script with limited access, contact author to get authorization

Features:
- Detect candlestick formations
- Merge candles to detect hidden patterns
- Filter results with the current wave state (bullish signals for corrections, bearinsh signals for impulses) with use of Low or Medium waves.
- Limit results to last x patterns.

Script settings:

Trend type - You can switch what kind of waves should be used for filtering.
Limit - You can limit resutls to last X formations.
Include bar merges - You can pich which merge patters should be included. e.g. 3 2 2 means that 7 bars are merged into 3 with the sequence 3 bars as first, 2 bars as second, 2 bars as third.

22. Jan. 2022

Versionshinweise

Update focused on configuraiton options.
- Enable/Disable wave filtering.
- Enable/Disable each candelstick pattern
- Show/Hide pattern duplicates on the candle result.
- Basic stats: Average distance in candles between change signal and (wave or shadow) change.

20. Feb. 2022

Versionshinweise

Volume filter added