Ichimoku Waves Meter
Ichimoku waves meter is a graphic program that allows traders to quickly and easily measure the proportions between the indicated points on the price graph.
The modular structure of the indicator allows us to carry out the analysis in a logical sequence. The process starts from collecting data about the past waves which is then basis for calculating the future market movements. The data considered in calculations are crucial for the accuracy of the forecasts. This operation is minimized and gives an immediate measurement, which is displayed in a graphical form on the candlestick chart. Moreover, it can be personalized in many areas. The result can be presented as information on the graph in the form of values such as pips (Percentage in points), the number of candlesticks or the date of the forecasted change in the market.
The indicator allows us to use Time Theory and Target Price Theory at the same time. The obtained image shows the convergence of waves, which confirms the accuracy of the analysis. It is possible to hide the graphical or numerical informations that are not interesting at the moment. The indicator uses numerical values of Hosoda, which it recognizes on the chart and then emphasizes graphical distinction. This distinction depends on the degree of proximity to the basic numerical values. This allows the analyst to quickly draw the information of the emerging market situation, as well as indicate the stage of scenario implementation. The tool for calculating forecasted market ranges uses basic formulas for time and prices waves movements, which were derived by Hosoda. As an effect, we obtain prediction ranges from the nearest to possible further ranges in a very precise range.
Code:
https://www.youtube.com/watch?v=_vBfc551tTk