EW Flag Flat pattern indicator / scanner

Yannick · 2018-12-26T19:43:40+00:00

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

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12/26/2018 at 8:43 PM #87653 quote

Yannick
Participant

Veteran

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

Zigzag.jpg ABC-correction-GET-Journalier.png

12/26/2018 at 9:07 PM #87656 quote

Yannick
Participant

Veteran

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

12/27/2018 at 1:05 PM #87669 quote

Lighthouse
Participant

Master

Yannick wrote:

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

Yannick wrote:

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

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12/27/2018 at 1:36 PM #87670 quote

Yannick
Participant

Veteran

@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

Lighthouse thanked this post

12/29/2018 at 6:36 PM #87726 quote

Yannick
Participant

Veteran

I manage to calculate fib retracement from previous oscillation of MACD 5,34,5

Beautiful colors

Need improvements for patterns

DOW-Journalier.png EW-MACD-detection2.itf

01/02/2019 at 2:57 PM #87879 quote

Nicolas
Keymaster

Legend

What you refer as “impulse” is everything related to momentum, aka differences of 2 values between 2 different times.

01/02/2019 at 9:36 PM #87921 quote

Yannick
Participant

Veteran

An other way if not using momentum is to use either

-volatility

-standard deviation

-atr

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