The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
Notes de version:
Update
Notes de version:
Update setting
Notes de version:
Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.
Notes de version:
Bug fixes
Notes de version:
Add the "imbalance zone," which is depicted as a blue box.
Notes de version:
Fixed bugs and added color options for Imbalance
Notes de version:
Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or Low
Notes de version:
Add a red line to indicate it is a CHOCH signal and notify the CHOCH signal
Notes de version:
Add the Orders block shown by the green box
Notes de version:
Updated top and bottom creation rules
Notes de version:
Fixed code error in determining bos points
Notes de version:
Fixed error in determining top and bottom creation positions
Notes de version:
Fix error in determining top and bottom
Notes de version:
Update CHoCH points (Change of Character)
Notes de version:
Fix the error of getting CHOCH position when there is a sweep
Notes de version:
Fix bug
Notes de version:
Update BOS position when candle wick breaks through