The indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
版本注释:
Update
版本注释:
Update setting
版本注释:
Introduce the "sweep" signal into the wave structure. In a downtrend, after the price has risen and a candle closes with a higher body than the previous one, forming a temporary bottom, and then the price continues to decrease but only the candle's wick breaks below the low, followed by an increase in price and candles with bodies breaking above the high of the downtrend, this creates a bottom sweep. In an uptrend, the opposite applies.
版本注释:
Bug fixes
版本注释:
Add the "imbalance zone," which is depicted as a blue box.
版本注释:
Fixed bugs and added color options for Imbalance
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Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or Low
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Add a red line to indicate it is a CHOCH signal and notify the CHOCH signal
版本注释:
Add the Orders block shown by the green box
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Updated top and bottom creation rules
版本注释:
Fixed code error in determining bos points
版本注释:
Fixed error in determining top and bottom creation positions
版本注释:
Fix error in determining top and bottom
版本注释:
Update CHoCH points (Change of Character)
版本注释:
Fix the error of getting CHOCH position when there is a sweep
版本注释:
Fix bug
版本注释:
Update BOS position when candle wick breaks through
版本注释:
Fixed breakout position when there is sweep and BOS signal