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.
Notas de Lançamento:
Update
Notas de Lançamento:
Update setting
Notas de Lançamento:
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.
Notas de Lançamento:
Bug fixes
Notas de Lançamento:
Add the "imbalance zone," which is depicted as a blue box.
Notas de Lançamento:
Fixed bugs and added color options for Imbalance
Notas de Lançamento:
Add notification function when the candle closes price forms a High, Low or when the candle's wick crosses the High or Low
Notas de Lançamento:
Add a red line to indicate it is a CHOCH signal and notify the CHOCH signal
Notas de Lançamento:
Add the Orders block shown by the green box
Notas de Lançamento:
Updated top and bottom creation rules
Notas de Lançamento:
Fixed code error in determining bos points
Notas de Lançamento:
Fixed error in determining top and bottom creation positions
Notas de Lançamento:
Fix error in determining top and bottom
Notas de Lançamento:
Update CHoCH points (Change of Character)
Notas de Lançamento:
Fix the error of getting CHOCH position when there is a sweep
Notas de Lançamento:
Fix bug
Notas de Lançamento:
Update BOS position when candle wick breaks through