MTF Cycle Trader
Sometimes cycles are not synchronized.
We may get conflicting cycles. For example an up cycle on 60 min time frame will fight with a down micro cycle on 5 min time frame.
However, from time to time cycles get synchronized. They reach the highest point or lowest points at major turning points, peaks and troughs in price.
And this is what this indicator is intended for. It keeps scanning underlying cycles in order to pin point moments when three or four underlying cycles align at peaks or troughs.
Sometimes, price only produces minor pullbacks off those strong Resistance x 3 or Resistance x 4 levels.
That means that there are bigger up cycles on Daily or Weekly time frame that are so powerful that they overcome resistance from three or four down cycles on lower time frames.
In a similar way, price may not respect strong Support x 3 or Support x 4.
That happens when there are stronger down cycles on Daily or Weekly time frames. They are so powerful so they exceed upward pressure from three or four up cycles on lower time frames.
IMPORTANT DISCLAIMER:
The indicator provides trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
CastAway Trader, the publisher of this indicator is not registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority.
CastAway Trader reserves the right to un-publish this indicator or change it without any written notice.
Past results are not indicative of future profits.
added alerts for quadruple and triple support and resistance
changed Double Supp0rt and Resistance signals, fixed several bugs
Added overbought signal (red background) and oversold signal (green background)
Added hypothetical Buy 1, Buy 2, Sell 1, Sell 2 signals.
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The indicator generates signals, trade set-ups and alerts that are for educational and hypothetical purposes only and shall not be considered trade recommendations.
Any signals or trading setups drawn by the indicator is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of the indicator must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision.
added multi timeframe Overbought and Oversold signals
You can set alerts for Overbought and Oversold signal in the menu
The indicator now draws labels and generates new alerts:
Overbought, Very overbought and Extreme overbought.
Oversold, Very oversold and Extreme oversold.
to improve accuracy of overbought and oversold signals the indicator now takes into consideration Daily time frame.
added weekly and monthly overbought and oversold signals and alerts
added breakout signals and alerts
Script sur invitation seulement
Seuls les utilisateurs approuvés par l'auteur peuvent accéder à ce script. Vous devrez demander et obtenir l'autorisation pour l'utiliser. Celle-ci est généralement accordée après paiement. Pour plus de détails, suivez les instructions de l'auteur ci-dessous ou contactez directement CastAwayTrader.
Notez que ce script privé, sur invitation uniquement, n'a pas été revu par les modérateurs de scripts et que sa conformité avec nos Règles est indéterminée. TradingView ne recommande PAS de payer ou d'utiliser un script à moins que vous ne fassiez entièrement confiance à son auteur et que vous compreniez comment il fonctionne. Vous pouvez également trouver des alternatives gratuites et open-source dans nos scripts communautaires.
Instructions de l'auteur
Clause de non-responsabilité
Script sur invitation seulement
Seuls les utilisateurs approuvés par l'auteur peuvent accéder à ce script. Vous devrez demander et obtenir l'autorisation pour l'utiliser. Celle-ci est généralement accordée après paiement. Pour plus de détails, suivez les instructions de l'auteur ci-dessous ou contactez directement CastAwayTrader.
Notez que ce script privé, sur invitation uniquement, n'a pas été revu par les modérateurs de scripts et que sa conformité avec nos Règles est indéterminée. TradingView ne recommande PAS de payer ou d'utiliser un script à moins que vous ne fassiez entièrement confiance à son auteur et que vous compreniez comment il fonctionne. Vous pouvez également trouver des alternatives gratuites et open-source dans nos scripts communautaires.