This code could be used in junction my other one, but his code searches for a WOLF WAVE pattern, but now in the actual buy zone, therefore point 5 is in a ascent movement.
The accuracy of the wolf wave can be configurable at the beginning of the code.
The screener generates a list with the values that are matching with the parameters.
It is returned as “Point_1” the value of the first point of Wolf wave, so you need to go to chart and search for this value, in the screenshot was returned the value of 7,71.
Parameters manages by code:
-That point 1 and 3 are not differing more than a percentage value.
-That point 2 and 4 are not differing more than a percentage value.
-That the distance between point 1-3 and point 2-4 are not different more than a number of candles, to avoid a far point 4, for example.
-That ramps 1-2 and 3-4 are not differing more than a percentage, to assure that ramps are within a range of angle.
//-----------------------------Configure screener
TIMEFRAME(daily)
//--------analysis for value conditions--------
//
// Maximum % allowed between peaks 1-3 and also for valley 2-4
// Example: point 3 must not differ from point 1 more than this value
maxVgap=2
//---- Distance in candles between candles 1-3
// and 3-4 must not differ in a number
// greater than maxcandle
// to assure equitative ramps
MaxCandle=4
//-- Analysis for timing conditions en percentage
// in %, maximum diference between ramps
// Distance between points 1-2 and 3-4 must not exceed this value
// to assusre equitative ramps
MaxTiempoGap=30
//-- Maximum candles searched back
Lookback=100
//------------------------------ Code
zz = ZigZag[4](close)
p = zz<zz[1] and zz[1]>zz[2]
v = zz>zz[1] and zz[1]<zz[2]
if p then
top = zz[1]
endif
if v then
bottom = zz[1]
endif
//------ Point 5 detection
for i =1 to lookback do
if v[i] then
Vpunto5= bottom[i]
punto5=1
vela5=i
break
ENDIf
next
//--------Point 4 detection
if punto5=1 then//-- Only in first point of waves is already detected
for i =vela5+1to lookback do //--start to search from previous point
if p[i] then
Vpunto4= top[i]
punto4=1
vela4=i
break
ENDIf
next
endif
//------Point 3 detection
if punto4=1 then
for i =vela4+1 to lookback do//--start to search from previous point
if v[i] then
Vpunto3= bottom[i]
punto3=1
vela3=i
break
ENDIf
next
endif
//-----------Point 2 detection
if punto3=1 then
for i =vela3+1to lookback do//--start to search from previous point
if p[i] then
Vpunto2= top[i]
punto2=1
vela2=i
break
ENDIf
next
endif
//--------Point 1 detection
if punto2=1 then
for i =vela2+1 to lookback do//--start to search from previous point
if v[i] then
Vpunto1= bottom[i]
punto1=1
vela1=i
break
ENDIf
next
endif
//-----------Point recent peak detection
if punto5=1 then
for i =1 to lookback do//-
if p[i] then
//Vpunto2= top[i]
Recentpeak=1
Peakpos=i
break
ENDIf
next
endif
//---------------------------------Analysis
//-- Value Point 3 compared with point 1 must not exceed the configured delta
Gap13=abs((Vpunto3*100)/Vpunto1)-100
Gap13OK=Gap13 <maxVGap
//-- Value Point 4 compared with point 2 must not exceed the configured delta
Gap24=abs((Vpunto4*100)/Vpunto2)-100
Gap24OK=abs(Gap24) <maxVGap
//--Distance between candles of point 1-2 and 3-4 must not differ more than the percentage set at begin,assuring equitative ramps
Tiempo12=abs(Vela2-Vela1)
Tiempo34=abs(Vela4-Vela3)
TiemposGap=abs(((tiempo34*100)/Tiempo12)-100)
CT=TiemposGap<MaxTiempoGap
//--Distance between points 1-3 and 2-4, must be lower than 3 candles
//--may be used also percentage
Tiempo13=abs(Vela3-Vela1)//23
Tiempo24=abs(Vela2-Vela4)//4
CD=abs(Tiempo13-Tiempo24)<MaxCandle
buyOK=(Recentpeak=1) and (Peakpos > vela5) //-- Last Zigzag was the valley of Point 5, not peak of zigzag after point 5
C1= (punto1=1) and (Vpunto1<>0)
C2= (punto2=1) and (Vpunto2<>0)
C3= (punto3=1) and (Vpunto3<>0) and (Vpunto3 > Vpunto1) and Gap13OK //--ramps are equitative
C4= vela4<>0 and (punto4=1) and (Vpunto4<>0) and (Vpunto4 < Vpunto2) and Gap24OK
C5= vela5<>0 and (punto5=1) and (Vpunto5<>0) and (Vpunto5 < Vpunto3) //-- Point 5 lowe than point 3
screener[C1 and C2 and C3 and C4 and C5 and CT and CD and buyOK ](Vpunto1 as "Point_1")//- First point of WOLF WAVE, search for this valley in chart