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Extended Waves Auto Trend Lines

2

The indicator calculates the wave lines of support and resistance (supply and demand).

The calculation is based on a modified algorithm with a minimum delay. Line values are not redrawn, except for the forecast line of the current direction, which is calculated dynamically. The indicator uses two levels of trend line significance - "major" and "minor".

There are two modes for calculating the price noise smoothing filter: static and dynamic. In dynamic mode, it is possible to set the minimum filtering value. The number of displayed historical levels is adjustable.

Main options:

  • LimitBars - calculation depth
  • PeriodHigh - period of major trend lines (waves)
  • DivHiPeriod - divisor for additional calculation period
  • HiMethod, HiPrice 1,2 - smoothing method, used price 1,2
  • PeriodLow - period of minor trend lines (waves)
  • DivLoPeriod - divisor for additional calculation period
  • LoMethod, LoPrice 1,2 - smoothing method, used price 1,2
  • PeriodLowest - period of the smallest wave fluctuations
  • DivLLPeriod - divider for additional calculation period
  • LLMethod, LLPrice 1,2 - smoothing method, used price 1,2
  • TriggerSensivity - noise filter sensitivity
  • UseDynamicSensivity - dynamic calculation of the noise filter
  • DynamicSensivityPeriod - period
  • DynamicSensivityMul - coefficient
  • UseMinSensivityFilterForDynamic - enable the use of the minimum value for dynamic calculation of the noise filter; when enabled, the value from the TriggerSensivity parameter is used.
  • LeaveHistoryLine - deleting trend lines when deleting an indicator

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      Filter:
      Jenny LK
      1257
      Jenny LK 2017.02.02 17:35 
       

      It's like normal Zigzag indicator. It works as only expected it to.

      Reply to review
      Version 1.4 2021.04.26
      Fixed a bug with the trend line width parameter.
      Version 1.3 2020.08.04
      The code was optimized for the current version of the terminal.
      Version 1.2 2017.01.11
      Added the option to send notifications to mobile terminals and email when a new High or Low appears.
      Version 1.1 2016.01.15
      Expanded the possibilities of the trend line extremum calculation algorithm.
      New parameters:
      HiMethod1 - smoothing method for calculating higher trend lines (waves)
      HiMethod2 - smoothing method for calculating higher trend lines (waves)
      HiPrice1 - price used to calculate higher trend lines (waves)
      HiPrice2 - price used to calculate higher trend lines (waves)
      LoMethod1 - smoothing method for calculating lower trend lines (waves)
      LoMethod2 - smoothing method for calculating lower trend lines (waves)
      LoPrice1 - price used to calculate lower trend lines (waves)
      LoPrice2 - price used to calculate lower trend lines (waves)
      LLMethod1 - smoothing method for calculating the lowest waves
      LLMethod2 - smoothing method for calculating the lowest waves
      LLPrice1 - price used to calculate the lowest waves
      LLPrice2 - price used to calculate the lowest waves