Relations between fractal , stroke, line segment, pivot , and some important definitions:

• Stroke: Connecting two adjacent top and bottom fractals with at least one candlestick in between.

• Line segment: Consists of an odd number of strokes, at least three strokes are required, and the first three strokes must have overlapping parts.

• Level: Levels generally correspond to time frames of the chart, such as 1w, 1d, 4h, 30m, 5m, 1m etc. Sub-level: The above levels are respectively the sub-levels of the previous level.

• Pivot: The part of a trend type at a certain level that is overlapped by at least three consecutive sub-level trend types.

• Trend type: There are two trend types: trend and range. In trend, there are also two types: rising trend and falling trend.

• Range: At any level, a completed trend type contains only one pivot .

• Trend: At any level, a completed trend type contains at least two pivots in the same direction in sequence, which is called a trend at this level.

List of drawings on the chart:

1. Thin black lines: Strokes at the current level.

2. Thick blue lines: Strokes at a higher level, also line segments at the current level.

3. Purple dotted lines: Line segments at a higher level, also strokes at two levels higher from the current one.

4. Blue shaded rectangles: Pivots at the sub-level in a rising trend or range.

5. Red shaded rectangles: Pivots at the sub-level in a falling trend or range.

6. Green shaded rectangles: Pivots at the current level in a rising trend or range.

7. Orange shaded rectangles: Pivots at the current level in a falling trend or range.

List of symbols and labels on the chart (above the candle: sell signal, below the candle: buy signal)

1. Purple triangles below the candle: double golden cross of Stochastic and MACD , buy signal

2. Purple triangles above the candle: double death cross of Stochastic and MACD , sell signal

3. Blue triangles below the candle: EMA5 crosses EMA13 up, buy signal

4. Red triangles above the candle: EMA5 crosses EMA13 down, sell signal

5. Green triangles below the candle: EMA5 crosses EMA55 up, buy signal

6. Orange triangles above the candle: EMA5 crosses EMA55 down, sell signal

7. Blue circles on the low point of the candle: bottom divergence occurred, buy signal

8. Red circles on the high point of the candle: top divergence occurred, sell signal

9. Blue "R" label below the candle: bottom divergence calculated from RSI occurred, buy signal

10. Red "R" label above the candle: top divergence calculated from RSI occurred, sell signal

11. Blue "M" label below the candle: bottom divergence calculated from MACD occurred, buy signal

12. Red "M" label above the candle: top divergence calculated from MACD occurred, sell signal

13. Blue "RM" label below the candle: bottom divergence calculated from both RSI and MACD occurred, buy signal

14. Red "RM" label above the candle: top divergence calculated from both RSI and MACD occurred, sell signal

15. Blue "1(R)", "1(M)", "1( RM )" labels below the candle: 1st buying point due to bottom trend divergence or range divergence calculated from RSI , MACD , and both RSI and MACD occurred, respectively, buy signal

16. Red "1(R)", "1(M)", "1( RM )" labels above the candle: 1st selling point due to top trend divergence or range divergence calculated from RSI , MACD , and both RSI and MACD occurred, respectively, sell signal

17. Blue "3" label below the candle: 3rd buying point, buy signal

18. Red "3" label above the candle: 3rd selling point, sell signal

19. Green "3" label below the candle: 3rd buying point of a higher-level pivot , buy signal

20. Orange "3" label above the candle: 3rd selling point of a higher-level pivot , sell signal

21. Yellow-shaded vertical areas: candles where volume spikes occurred

22. Short red horizontal lines: highest point of volume spikes, potential support or resistance

23. Short blue horizontal lines: lowest point of volume spikes, potential support or resistance

版本注释:
Improved algorithm for volume spikes calculation.

版本注释:
Fixed bugs in drawing pivots.

• For golden crosses (triangle symbols under candles), choose Zen -> Cross Up -> Less Than -> Value -> 0.00

• For death crosses (triangle symbols above candles), choose Zen -> Cross Down -> Greater Than -> Value -> 0.00

• For buying points (blue “R”, “M”, “RM”, “1(R)”, “1(M)”, “1(RM)”, and “3” labels), choose Zen -> Buying Point -> Less Than -> Zen -> Reference Point

• For selling points (red “R”, “M”, “RM”, “1(R)”, “1(M)”, “1(RM)”, and “3” labels), choose Zen -> Selling Point -> Greater Than -> Zen -> Reference Point

2. Added colors for bullish/bearish outside strokes and bullish/bearish outside line segments

3. To set alerts for outside strokes and outside line segments, switch to the trading time frame, then choose Create Alert under the Alerts menu:

• For bullish outside stroke, choose Zen -> Outside Stroke/Line Segment -> Inside Channel -> (Upper Bound) Value -> -5.00 -> (Lower Bound) Value -> -15.00

• For bearish outside stroke, choose Zen -> Outside Stroke/Line Segment -> Inside Channel -> (Upper Bound) Value -> 15.00 -> (Lower Bound) Value -> 5.00

• For bullish outside line segment, choose Zen -> Outside Stroke/Line Segment -> Inside Channel -> (Upper Bound) Value -> -15.00 -> (Lower Bound) Value -> -25.00

• For bearish outside line segment, choose Zen -> Outside Stroke/Line Segment -> Inside Channel -> (Upper Bound) Value -> 25.00 -> (Lower Bound) Value -> 15.00

版本注释:
Revised method for highlighting outside strokes and line segments.

版本注释:
Fixed minor bugs in drawing pivots.

• For 1st percentile volume spikes, choose Zen -> Volume Spike -> Inside Channel -> (Upper Bound) Value -> 25.00 -> (Lower Bound) Value -> 15.00

• For 2nd percentile volume spikes, choose Zen -> Volume Spike -> Inside Channel -> (Upper Bound) Value -> 15.00 -> (Lower Bound) Value -> 5.00

版本注释:
Enabled parameter settings for user input.

Minor changes: 1. Added labels to indicate the end of higher level and higher higher level line segments. 2. Improved speed in drawing strokes and line segments.

Note: Alerts set previously may need to be updated or reset.

版本注释:
Added one more option for Auto Fibonacci Retracement: Last Line Segment (Higher Level).

版本注释:
Minor display adjustment.

版本注释:
Minor bug fix.

版本注释:
Fixed errors in drawing higher-level pivots.

版本注释:
Minor bug fix.

版本注释:
Redefined conditions for forming lowest-level strokes from fractals.

版本注释:
1. Improved method for volume spikes calculation. 2. Added requirement for forming strokes.

版本注释:
Fixed display errors.

版本注释:
Fixed errors in drawing strokes.

版本注释:
Fixed display errors on certain time frames.

版本注释:
Fixed display issues for free account.

版本注释:
Minor bug fix.

版本注释:
For those who use the previous version of this indicator, there is no need to update.