A 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!
Looking for trailblazers to help explore new possibilities… Add constructive comments below!
Versionshinweise
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Same behavior as before... TradingView changed something in the Pine scripting language that prevented the old code from working. Altered the logic in the filter function to get it working again.
Hi，Sir, how can I reference this script of yours in other scripts? I tried to copy and use it, but an error message appeared. Thanks!
ICEKI
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Congratulations to you brobear, and appreciated your generous shared your efforts. For myself I think counting the sequential is very hard, even your script given me a new approach, but I still few a lot of confusion about it, not your false, maybe my understanding issue, Thanks again for the post! =D
abdelli007
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Brilliant idea, thanks for sharing Brobear, it's working perfect on each time frame, I tried to implement MTF but I'm struggling with the channels, which I think they are not correctly calculated in my script, Can you reach me for help please? (sorry no credit, I can't DM you :(
runiter
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Very interesting indicator, but how do you trade with it? I know how to trade with TD Sequential, but this one I can't figure out when to enter/exit trades!
UnknownUnicorn6774437
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A talented idea of a talented person! I want to sincerely thank you for sharing this gift with us! Thanks!!!
blakester1111
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Thanks Brother Bear. I am finding this pretty interesting so far. Are you still using this yourself?
brobear
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@blakester1111, Glad you're liking this script. I am still using it! Like all indicators, it's not perfect... but it helps me assess pivot points, or continuation of a trend.