The following script periodically plot ellipses to the chart, where the maximum height of the ellipses is determined by the price high of the user-selected time frame while the price low determines the minimum height of the ellipses.
The selected time frame affects the frequency at which the ellipses are plotted, for example, a selected time frame of 1 week will...
Version 2 of my fractal pattern aid ( Version 1 ).
I added a bouncing line between the high and low trend lines, connecting consecutive extreme points. I also chased down a pesky bug in the slope calculation...and for now I have disabled the ability to change resolution basis for extreme detection (e.g. 30m on a 1hr chart).
For fun, I added some shading to make...
First of all, huge credit to synapticEx , whose brilliant use of the security function inspired me to figure out a way to get quasi-shape boundaries automatically drawn on a chart.
This study draws upper and lower trend lines, based on configurable fractal*** reversal detection, calculates slope from the last two upper or lower reversal points, and then extends...
Search indicators for "clouded" to find this one, and add to your chart.
Takes lowest(min) and highest(max) of several bars,
averages that over several bars,
shifts by half of the middle of those two bar numbers,
and colors the inbetween by candle color.
You can choose 3 parameters.
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Thanks.
