But please note, fractals are an advanced investing concept they are NOT an up/down, buy now/sell now indicator which is why the wave theory 3 feels scam-my. You can search this forum for Fractals to learn more.
BUT fractals don't work the way that they describe. Also, they call this being powered by Fractals. They always look perfect and sometimes they even get it right but when they get it wrong, it can wipe out all your profits. ZigZag (wave) indicators repaint Read About Repainting Indicators.
It looks slimy, it feels slimy and is portrayed slimy (no offense) I have to tell you, I think the OmniTrader wave theory 3 is fish oil. The basic issue is that someone has to have the legal right and have the ability to translate the OmniTrader script. You may have to reach out for support of this board if you hit a wall on a more complex syntax issue. Scripts in TOS are pretty standard in their logic. Support1.SetPaintingStrategy(PaintingStrategy.If you have the Omnitrader code, if you are legally allowed to share the Omnitrader code and if you can interpret the code then theoretically you have the mathematical logic to write the thinkscript yourself. Resistance1.SetDefaultColor(Color.MAGENTA) ĪddCloud(Resistance1, Resistance11, Color.MAGENTA, Color.MAGENTA) Resistance1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL) Resistance11.SetDefaultColor(Color.MAGENTA) Resistance11.SetPaintingStrategy(PaintingStrategy.HORIZONTAL) Rec _lastMarkedHigh11 = CompoundValue(1, if IsNaN(_markedHigh1) then _lastMarkedHigh11 else if _markedHigh1 then Max(open, close) else _lastMarkedHigh11, high) Rec _lastMarkedHigh1 = CompoundValue(1, if IsNaN(_markedHigh1) then _lastMarkedHigh1 else if _markedHigh1 then high else _lastMarkedHigh1, high)
Input TimeFrame2 = ĭef _highInPeriod1 = Highest(high, LookbackPeriod) ĭef _lowInPeriod1 = Lowest(low, LookbackPeriod) ĭef marketLow1 = if _lowInPeriod1 _highInPeriod1 then _highInPeriod1 else _highInPeriod1
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