PROTECTED SOURCE SCRIPT
Updated N Pattern
This indicator looks for N patterns on the chart and illustrates them.
It predicts the future point D from the most recent point C and the past points A and B.
Settings:
Pivot Right bar / Pivot Left bar
Pivot settings.
Lookback
Go back a specified number of bars to find point A.
When point A is found, the opposite vertex in between is point B.
Nearest Bars Count
If the most recent C point and the previous C point are too close, the previous C point will be hidden.
Specify the number of bars to determine if they are too close.
Objectives
There are three types of D points, which are future prices.
Each can be shown or hidden.
Support/Resistance
Draw a line extending horizontally from point B as a support line or resistance line.
It predicts the future point D from the most recent point C and the past points A and B.
Settings:
Pivot Right bar / Pivot Left bar
Pivot settings.
Lookback
Go back a specified number of bars to find point A.
When point A is found, the opposite vertex in between is point B.
Nearest Bars Count
If the most recent C point and the previous C point are too close, the previous C point will be hidden.
Specify the number of bars to determine if they are too close.
Objectives
There are three types of D points, which are future prices.
Each can be shown or hidden.
Support/Resistance
Draw a line extending horizontally from point B as a support line or resistance line.
Release Notes
Changed the option "nearest_count"0: All lines will be visible.
1: Lines with point A in common will be hidden.
2~: Lines with point C in the specified period will be hidden.
Release Notes
Changed the calculation of line lengths for support and resistance lines.It is calculated from the longer of the A-B and B-C periods.
Release Notes
- Added labels "OP" "COP" "XOP"
Release Notes
- Added P point.
Release Notes
Codes refactoringRelease Notes
- Migrated to pine script v5
- Updated the debug messages.
Release Notes
- Added C-P line
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.