OPEN-SOURCE SCRIPT
Wavechart v2
Updated
##Wave Chart v2##
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
Release Notes
Chang nameRelease Notes
- Add line width input - Add Force plot on the last bar
Release Notes
Add Timeframe DayRelease Notes
In some cases, it may be uncertain whether the high or low value should come first, as both values are derived from the same candlestick. We currently assume it is based on the closing price of the candlestick.
However, there is an option in settings to display an unsure line.
To avoid ambiguity, it is recommended to use multiple timeframes for analysis.
Release Notes
fix Force plot on the last barRelease Notes
Add more TimeframeRelease Notes
fix period divisionRelease Notes
fix bug assume high low time based on closing price of the candlestickRelease Notes
Add Timeframe 240,60,30 Release Notes
Add timeframe 2W and 2.5YRelease Notes
fix 2.5yearOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.