The "Crawblanc by Sirius" is a Pine Script indicator designed for use on the TradingView platform. It implements an advanced ZigZag structure analysis with extended visualization options, offering traders a detailed representation of market patterns. Here's a breakdown of its features:
ZigZag Structure Detection:
Identifies market high and low points based on customizable depth, deviation, and backstep parameters. Allows traders to observe directional changes (bullish or bearish) and significant trend reversals.
Customizable Visual Elements:
Display settings for lines, triangles, and labels associated with market structures. Adjustable transparency, label size, and colors for bullish and bearish formations. Optional display of triangle IDs and areas, calculated dynamically based on detected points.
Interactive Inputs:
Enables toggling between calculation methods (e.g., open/close vs. low/high prices). Allows customization of transparency levels, line thickness, and label styles to suit individual preferences.
Advanced Calculations:
Triangle areas and center points are calculated for enhanced visualization. Supports projection and center-point calculations to provide additional market insights.
Real-Time Updating:
Dynamically updates on price changes, deleting and redrawing lines and labels as necessary. Displays point IDs and triangle areas, helping traders track ongoing market conditions.
Color Coding:
Distinct colors for bullish (green/blue tones) and bearish (red/yellow tones) phases. Automatic color inversion for labels to ensure clear visibility on various backgrounds.
Extensibility:
Users can choose to extend lines or restrict them to specific areas. Supports up to 500 lines, labels, and boxes, making it suitable for detailed analyses.
Use Case: This indicator is highly beneficial for traders seeking to:
Identify support and resistance levels. Analyze market patterns for entry and exit opportunities. Understand complex structures like triangles and trends dynamically in real time. The combination of user-friendly inputs and advanced visualization tools makes it ideal for technical analysts focused on improving decision-making through graphical insights.
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.