Hello
I am struggling to find how to detect a EW ZigZag or flat pattern.
I can scan with an adaptative stochastic to identify points.
The key idea is identifying an impulse (how?)
then finding A an B (adaptative sinewave find a similar frequency for corrections) and project AB segment to calculate BC and wait for a C reversal.
Some examples
If some one has an idea for this geometric pattern?
Best regards
I could use this piece of code for BC projection
https://www.prorealcode.com/prorealtime-indicators/zigzag-fibonacci-levels/
However how identifying an impulse ? Some people are using MACD
I could use this piece of code for BC projection
https://www.prorealcode.com/prorealtime-indicators/zigzag-fibonacci-levels/
However how identifying an impulse ? Some people are using MACD
Hello
I am struggling to find how to detect a EW ZigZag or flat pattern.
I can scan with an adaptative stochastic to identify points.
The key idea is identifying an impulse (how?)
then finding A an B (adaptative sinewave find a similar frequency for corrections) and project AB segment to calculate BC and wait for a C reversal.
Some examples
If some one has an idea for this geometric pattern?
Best regards
I don’t think you can find an automatic way to correctly identifying an impulse
Just have a look at this method
http://studyofcycles.blogspot.com/2016/01/the-eight-fold-path.html
and follow all discussions about counting waves
@Ciccio
Thanks for your answer.
I checked : MACD and awesome/EW oscillator give similar visualisation and signal (even moving average are not the same).
An impulse could be identified for a “Fast” swing over or below 0 of MACD/Awesome oscillator.
I will try to scan in this way.
Regards
I manage to calculate fib retracement from previous oscillation of MACD 5,34,5
Beautiful colors
Need improvements for patterns
What you refer as “impulse” is everything related to momentum, aka differences of 2 values between 2 different times.
An other way if not using momentum is to use either
-volatility
-standard deviation
-atr
