Please share your finding. I am actually amazed at how useful this is at serving as confirmation of major moves.
Combined with Ichimoku Wave Theory to identify target levels this is as close to a ‘magic’ indicator you will likely get 😉
AVTParticipant
Senior
I am fighting with the code (seems at the moment the code wins, outch!). As far as I understand, we take a fractal (zigzag) as base and if we have a new top|bottom we begin to count. Question: Do we wait with counting until we have 3 highs|lows in a row? And if yes, is that the only criteria, or must we also look back? For example, we see on the right side of our reference point 3 new step-ups, do we have to check that the left side of our reference point has made before 3 step-downs – meaning the reference point is a low produce with at least previous 3 down-steps and afterwards 3 up-steps. Could you please help me to get that cleared, please. Thanks
I think you are overanalyzing this. We are simply looking for the highest/lowest candle between two points (shoulder * 2). In other words, if the shoulder is set to 14, we look for the highest high/ lowest low with 14 higher/lower candles on each side. This is is the start of our first number set. The second number set begins as soon as the next high/low candle matching the above criteria is found.
We work with three (I just decided on 3 for completeness sake – no rule governing this) number sets on each side of the price graph, switching from looking for swing lows to swing highs after completion of set number one.
AVTParticipant
Senior
@ juanj Thanks a lot, it was just too much of Rs and ifs and ups and downs in the code – I always got lost on the way, even with reformatting it. So my base code is different but seems correct and I can go with the rest now.
Hello,
where can I find a tutorial to understand the logic of ichimoku numbers?
As well as the decomposition of the waves that you approach in your different exchanges?
Thank you
AVTParticipant
Senior
hi guys, great work – I’m getting into the weeds of the logic behind it but I’m not a programmer. Do you know how I could port this indicator to tradingview pine script?
This code is not for Pinescript, we are offering free programming support on this forum for the ProRealTime trading platform.
Hi @Despair.
Is this in mql4 and can you share with me?
