Hi all,
I was following a thread call "no-holy-grail-make-it-happen-by-using-wave-theory" that was started by J007RMC and it seems to have disappeared, does anyone know why?
I'm still using the wave system my PL is through the roof been averaging around 4k / day in catching the bottoms and top plays Especially good are the ab=cd plays the d legs pay well rarely does a stock reverse its direction until after it has completed its current wave. Sorta like ground hog day lol I welcome it Ive played apple every day now going on 3 weeks.
sure I will put a chart up. I like to know how a ticker moves the system works on everything but I like the call/put spreads with apple.Great job @J007RMC ! I guess you focus mainly on trading AAPL options? Post an updated chart when you get a chance. Thanks!
@J007RMC would you mind briefly explaining your strategy? (i didnt get a chance to view the old thread)my current chart not sure if tos is working correctly right now. I hope I do not make this sound easy its not bur the KET is wait for the top and bottoms and take the reversal.
https://tos.mx/jbfFNh0
I assume this works for stocks too... one question.. how you know what waves are which ones? like where is 1, 2 or 5 .. or A B C confirmation points.. sorry very confused lol... and also.. when the top bar says confirmed is that mean the set up is ready?Absolutely I only trade options
I assume this works for stocks too... one question.. how you know what waves are which ones? like where is 1, 2 or 5 .. or A B C confirmation points.. sorry very confused lol... and also.. when the top bar says confirmed is that mean the set up is ready?
#----------------------------------------------------------------#
#============== Syracusepro Harmonics and Fractals ==============#
#----------------------------------------------------------------#
#===== This program was made with the intention of educational #
#===== purposes. It contains fractal and harmonic patterns. #
#===== On the zigzags, the Fibonacci sequence numbers are also #
#===== included, and shows what makes each patterns valid with #
#===== their correct names. #
#=========== I hope people interested can make a great program #
#=========== out of this material. Thanks. ======================#
#----------------------------------------------------------------#
#---------------- Total of 12 Harmonic Patterns -----------------#
#================= Http://www.thinkscriptcode.com ===============#
#---------------------------------------#
#===== Irregular fractals function =====#
#---------------------------------------#
###### mcdon030 addded tolerance per Larry Pesavento
##### and roughly 17 more patterns.
script isRegularFractal {
input mode=0;
plot ret = if mode == 1 then high[4] < high[3] and high[3] < high[2] and high[2] > high[1] and high[1] > high[0] else if mode == -1 then low[4] > low[3] and low[3] > low[2] and low[2] < low[1] and low[1] < low[0] else 0;
}
#---------------------------------------#
#===== BWilliams fractals function =====#
#---------------------------------------#
script isBWFractal {
input mode=0;
plot ret = if mode == 1 then high[4] < high[2] and high[3] <= high[2] and high[2] >= high[1] and high[2] > high[0] else if mode == -1 then low[4] > low[2] and low[3] >= low[2] and low[2] <= low[1] and low[2] < low[0] else 0;
}
input showPatterns=Yes;
input showBarColors=No;
input filterBW=No;
input ShowHHLL=No;
input ShowTimeFractals1=No;
input showArrows = No;
input tolerance =.06;
input timeframe1={MIN, TWO_MIN, THREE_MIN, FOUR_MIN, FIVE_MIN, TEN_MIN, FIFTEEN_MIN, TWENTY_MIN, THIRTY_MIN, HOUR, TWO_HOURS, FOUR_HOURS,default DAY, TWO_DAYS, THREE_DAYS, FOUR_DAYS, WEEK, MONTH, OPT_EXP};
input showchannel1=No;
input showchannel2=No;
input showchannel3=No;
input showZigZag=Yes;
def bn=barNumber();
def h2=high[2];
def l2=low[2];
def filteredtopf = if filterBW then isRegularFractal(1) else isBWFractal(1);
def filteredbotf = if filterBW then isRegularFractal(-1) else isBWFractal(-1);
plot TopFractals=filteredtopf[-2];
plot BottomFractals=filteredbotf[-2];
#def TopFractals=filteredtopf[-2];
#def BottomFractals=filteredbotf[-2];
TopFractals.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_DOWN);
TopFractals.SetDefaultColor(color.RED);
BottomFractals.SetPaintingStrategy(PaintingStrategy.BOOLEAN_WEDGE_UP);
BottomFractals.SetDefaultColor(color.GREEN );
def b1_0=if bn==0 then -1 else if filteredtopf == 0 then 0 else if b1_0[1]>-1 then b1_0[1]+1 else -1;
def b1_1=b1_0+Getvalue(b1_0,b1_0+1,0)+1;
def b1_2=b1_1+Getvalue(b1_0,b1_1+1,0)+1;
def b2_0=if bn==0 then -1 else if filteredbotf == 0 then 0 else if b2_0[1]>-1 then b2_0[1]+1 else -1;
def b2_1=b2_0+Getvalue(b2_0,b2_0+1,0)+1;
def b2_2=b2_1+Getvalue(b2_0,b1_1+1,0)+1;
def higherhigh = if filteredtopf == 0 or b1_2==b1_1 then 0 else GetValue(high[2],b1_1,0) < GetValue(high[2],b1_0,0) and GetValue(high[2],b1_2,0) < GetValue(high[2],b1_0,0);
def lowerhigh = if filteredtopf == 0 or b1_2==b1_1 then 0 else GetValue(high[2],b1_1,0) > GetValue(high[2],b1_0,0) and GetValue(high[2],b1_2,0) > GetValue(high[2],b1_0,0);
def higherlow = if filteredbotf == 0 or b2_2==b2_1 then 0 else GetValue(low[2],b2_1,0) < GetValue(low[2],b2_0,0) and GetValue(low[2],b2_2,0) < GetValue(low[2],b2_0,0);
def lowerlow = if filteredbotf == 0 or b2_2==b2_1 then 0 else GetValue(low[2],b2_1,0) > GetValue(low[2],b2_0,0) and GetValue(low[2],b2_2,0) > GetValue(low[2],b2_0,0);
AddChartBubble(ShowHHLL and higherhigh,high[-2],"[HH]",color.CYAN,yes);
AddChartBubble(ShowHHLL and lowerhigh,high[-2],"[LH]",color.CYAN,yes);
AddChartBubble(ShowHHLL and higherlow,low[-2],"[HL]",color.GREEN);
AddChartBubble(ShowHHLL and lowerlow,low[-2],"[LL]",color.GREEN);
def hh=if bn==0 then -1 else if higherhigh == 1 then 0 else if hh[1]>-1 then hh[1]+1 else -1;
## START CODE
## ZigZagSign TOMO modification, v0.2 written by Linus @Thinkscripter Lounge adapted from
## Thinkorswim ZigZagSign Script
## Mods by Larry to add chart bubbles & horizontal lines
## Mod by Larry to add Chart Bubble for HH/LL indication
## 7.1.13 Added Volume Wave (similar looking to other Wave Volume studies) as a lower study. To use this, just load 2 versions of this study and designate one for the upper panel and one for the lower panel. For the lower panel, select input showvolumewave == yes. For the upper panel input showvolumewave ==no and then select the other options as usual.
##7.27.13 Added 2nd Zigzag from new TOS ZigZagHighLow indicator (can see smaller zigzags if used)
##8.24.13 Mod by Lar to add Supply/Demand Levels (Red Zones are Supply, Green are Demand), ability to enter percentage, amount or atr for reversalAmount (using the greater of the three at any reversal)
def price = close;
def priceH = high; # swing high
def priceL = low; # swing low
input ATRreversalfactor = 3.0;#Hint ATRreversalfactor: 3 is standard, adjust to whatever instrument/timeframe you are trading.
input ATRlength = 5;#Hint ATRlength: 5 is standard, adjust to whatever instrument/timeframe you are trading
input useatr = yes;#Hint useatr: set to no to use manual zigzagamount for reversalamount before a new zigzag is drawn. The ATR will still be used for auto fibs.
input zigzagpercent = 0.20;
input zigzagamount = .15;
def ATR = reference ATR(length = ATRlength);
#def reversalAmount = if useatr == yes then ATRreversalfactor * ATR else zigzagamount;
def reversalAmount = if (close * zigzagpercent / 100) > Max(zigzagamount < ATRreversalfactor * ATR, zigzagamount) then (close * zigzagpercent / 100) else if zigzagamount < ATRreversalfactor * ATR then ATRreversalfactor * ATR else zigzagamount;
#addlabel(yes,(zigzagpercent*close/100)+" "+zigzagamount+" "+(atrreversalfactor*ATR));
input showsupplydemand = no;
input showhorizontal = no;#Hint showhorizontal: set yes to display horizontal lines at low/high of each zigzag high/low reversal bar to use for possible entry point
input bubbleoffset = .0005;
input pricecolor = no;
input showVolumeWave = no;#Hint showvolumewave: set all other bubbles to no if showvolumeWave is selected yes
input showcombinedbubble = no;#Hint showcombinedbubble: set other bubbles contained in combined to no if combined selected yes
input showcombinedbubble2 = no;#Hint showcombinedbubble2: shorter version. set other bubbles contained in combined to no if combined selected yes
input showBubbleshhll = no;
input showBubblesprice = no;
input showBubbleschange = no;
input showBubblesbarcount = no;
input showBubblesVolume = no;
input showFibLines = no;
input showFibExtLines = yes;
input usemanualfibskip = no;#Hint usemanualfibskip: Select no to use preprogrammed fibskip amounts. Select no, to use the amount entered at input fibskip.
input fibskip = .50;#Hint fibskip: Set input usemanualfibskip == yes to use this amount versus preprogrammed amounts. Standard is 1.0. This is percentage difference between fib high and low before a new fib grid created.
input showBubblesfibratio = no;
input showFibLabel = no;#Hint showfibLabel: Select yes to show label of current fib level as of last price
input fib1level = .236;
input fib2level = .382;
input fibMlevel = .500;
input fib3level = .618;
input fib4level = .786;
input showArrows = no;
input useAlerts = no;
input showconfirmedLabel = yes;#Hint showconfirmedLabel: Select yes to see current status of ZigZag, either unconfirmed or confirmed
input showBubblewaveC = no;#Hint showbubblewave123: Not complete, work in progress
#Assert(reversalAmount > 0, "'reversal amount' should be positive: " + reversalAmount);
#Original TOS ZigZag code Modified by Linus
def barNumber = BarNumber();
def barCount = HighestAll(If(IsNaN(price), 0, barNumber));
rec state = {default init, undefined, uptrend, downtrend};
rec minMaxPrice;
if (GetValue(state, 1) == GetValue(state.init, 0)) {
minMaxPrice = price;
state = state.undefined;
} else if (GetValue(state, 1) == GetValue(state.undefined, 0)) {
if (price <= GetValue(minMaxPrice, 1) - reversalAmount) {
state = state.downtrend;
minMaxPrice = priceL;
} else if (price >= GetValue(minMaxPrice, 1) + reversalAmount) {
state = state.uptrend;
minMaxPrice = priceH;
} else {
state = state.undefined;
minMaxPrice = GetValue(minMaxPrice, 1);
}
} else if (GetValue(state, 1) == GetValue(state.uptrend, 0)) {
if (price <= GetValue(minMaxPrice, 1) - reversalAmount) {
state = state.downtrend;
minMaxPrice = priceL;
} else {
state = state.uptrend;
minMaxPrice = Max(priceH, GetValue(minMaxPrice, 1));
}
} else {
if (price >= GetValue(minMaxPrice, 1) + reversalAmount) {
state = state.uptrend;
minMaxPrice = priceH;
} else {
state = state.downtrend;
minMaxPrice = Min(priceL, GetValue(minMaxPrice, 1));
}
}
def isCalculated = GetValue(state, 0) != GetValue(state, 1) and barNumber >= 1;
def futureDepth = barCount - barNumber;
def tmpLastPeriodBar;
if (isCalculated) {
if (futureDepth >= 1 and GetValue(state, 0) == GetValue(state, -1)) {
tmpLastPeriodBar = fold lastPeriodBarI = 2 to futureDepth + 1 with lastPeriodBarAcc = 1
while lastPeriodBarAcc > 0
do if (GetValue(state, 0) != GetValue(state, -lastPeriodBarI))
then -lastPeriodBarAcc
else lastPeriodBarAcc + 1;
} else {
tmpLastPeriodBar = 0;
}
} else {
tmpLastPeriodBar = Double.NaN;
}
def lastPeriodBar = if (!IsNaN(tmpLastPeriodBar)) then -AbsValue(tmpLastPeriodBar) else -futureDepth;
rec currentPriceLevel;
rec currentPoints;
if (state == state.uptrend and isCalculated) {
currentPriceLevel =
fold barWithMaxOnPeriodI = lastPeriodBar to 1 with barWithMaxOnPeriodAcc = minMaxPrice
do Max(barWithMaxOnPeriodAcc, GetValue(minMaxPrice, barWithMaxOnPeriodI));
currentPoints =
fold maxPointOnPeriodI = lastPeriodBar to 1 with maxPointOnPeriodAcc = Double.NaN
while IsNaN(maxPointOnPeriodAcc)
do if (GetValue(priceH, maxPointOnPeriodI) == currentPriceLevel)
then maxPointOnPeriodI
else maxPointOnPeriodAcc;
} else if (state == state.downtrend and isCalculated) {
currentPriceLevel =
fold barWithMinOnPeriodI = lastPeriodBar to 1 with barWithMinOnPeriodAcc = minMaxPrice
do Min(barWithMinOnPeriodAcc, GetValue(minMaxPrice, barWithMinOnPeriodI));
currentPoints =
fold minPointOnPeriodI = lastPeriodBar to 1 with minPointOnPeriodAcc = Double.NaN
while IsNaN(minPointOnPeriodAcc)
do if (GetValue(priceL, minPointOnPeriodI) == currentPriceLevel)
then minPointOnPeriodI
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