9 Seasons Rainbow Multiple Time Frames Pattern PRO [9SPEN]

2019년 3월 20일

The indicator discovers profitable patterns by associating Price Season of multiple time frames.

Full Name: 9 Seasons Rainbow - Multiple Time Frames Associated Price Wave Pattern Indicator
This is redefined from “9 Seasons Rainbow Indicator PRO”, with clearer definition of 9 Seasons and user manual.
Version: Invite-Only PRO
Language: English
Copyright: 2019

---------- How to use the indicator ----------
Go through the manual and related ideas underneath or follow the tutorials list. Look through the profitable patterns and related cases, wait for or set alert for specific profitable pattern.

---------- Definition: 9 Seasons ----------
A life cycle of Price Wave is divided into 9 Seasons. Each time frame, from 5 minute to 1 month, has 9 seasons, Independent of each other:
Bull (Green)
Bull Pullback (Light Green): a pullback or retracement
Resistance / Overbought (Yellow): a resistance area, may become a Top, or be broken through.
Crazy Bought (Lime): Price is going up in a high volatility, could be a valid breakout, or a Bull Trap.

Neutral (White): a wandering season without direction, evolves into Bull or Bear

Bear (Red)
Bear Bounce (Light Red): Price bounces
Support / Oversold (Blue): a support area, may become a Bottom, or be broken through.
Crazy Sold (Fuchsia): Price is going down in a high volatility, could be a valid breakdown, or a Bear Trap.

---------- Some important evolution between seasons ----------

Resistance / Overbought (Yellow) -> Crazy Bought (Lime):
Bull is breaking through a resistance.

Crazy Bought (Lime) -> Resistance / Overbought (Yellow):
This normally indicates a failed breakout, Price goes back to the resistance.

Crazy Bought (Lime) -> Bull Pullback (Light Green):
This normally indicates Price has risen to a new level

Support / Oversold (Blue) -> Crazy Sold (Fuchsia):
Bear is breaking through a support.

Crazy Sold (Fuchsia) -> Support / Oversold (Blue):
This normally indicates a failed breakdown, Price recovers to the support.

Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level

---------- Rainbow Ribbons for Multiple Time Frames ----------
Each ribbon of a rainbow represents a time frame.
The uppermost ribbon represents the shortest-term time frame - current time period of the chart, which is the time frame for trading.
The lowermost ribbon represent longest-term time frame, which work as environment, together with the other medium-term and long-term time frames.
The difference between two frames is 1.4142 fold (square root of 2), if level 1 is 15 minute, level 2 is 15 minute * (square root of 2) .
Examples of time frames in a rainbow:
For STANDARD in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M
For PRO in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M - 240M(4H) - 339M - 480M(8H) - 679M

---------- Trading Methods ----------

How to open a Long position?
When a profitable Long pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the support, open 2nd position; when it breaks through the resistance, pullbacks and confirms the breakout, open 3rd position.

How to exit a Long position?
Lift the Stop to a confirmed higher low, so that to take advantages of the bull run as possible.

How to open a Short position?
When a profitable Short pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the resistance, open 2nd position; when it breaks through the support, bounces and confirms the breakdown, add 3rd position.

How to exit a Short position?
Lower the Stop to a confirmed lower high, so that to take advantages of the bear run as possible.

---------- Versions Description ----------
The features may change later without advance notice.

PRO:
Invite-Only, with the following advanced features:
12 Ribbons Rainbow displays 9 Seasons of 12 time frames on a chart.
Advanced alert sets allows set alerts on short-term, medium-term, and long-term time frames.
Capability to input different trading instrument to compare with the current ticker.
Full time periods access allows apply it to broadest time periods, from 1 minute to 1 week (if history data is enough)
More new features in updates.

STANDARD:
Invite-Only, with the following advanced features:
8 Ribbons Rainbow displays 9 Seasons of 8 time frames on a chart.
Advanced alert sets allows set alerts on upper and lower frames.
Broad time periods access allows apply it to the most popular time periods, from 15 minute to 1 week (if history data is enough)
More new features in updates.

DEMO:
DEMO version is for trial purpose, having most of the features.
It is applicable to a list of trading instruments and specific time periods (1 hour to 1 day), which may change later without advance notice.

---------- Access to Indicators ----------
Please use DEMO version for Trial
Asking access to Invite-Only PRO and STANDARD versions:
9seasonsrainbowindicator.blogspot.com/p/access-to-9-seasons-rainbow-indicator.html
Or contact the author.

---------- Install Invite Only: STANDARD & PRO Version----------

Ask access to STANDARD or PRO version
Open the chart -> Indicators (On the Top) -> Invite-Only Scripts (2nd button of the left bar)
Like/Favorite the indicator
Click to install on the chart

---------- About Loading Time ----------
It may take up to 2 minutes for your browser to load a new setting, depending on the your computer and network speed.

---------- List of the author's Indicators ----------
tradingview.com/u/go8686/

---------- Disclaimer ----------
By using or requesting access to the indicator, you acknowledge that you have read and accepted that the indicator and any related content, including but not limited to: user manual, tutorials, ideas, videos, chats, emails, blog, are for the purpose of trading strategies studying and paper trading.
If a customer or user uses the indicator or related content mentioned above for live trading or investment, she/he should take all risks and be responsible for her/his own trading and investment activities.

---------- Updates ----------
The latest updates override the previous description.
To activate a update: Close the browser, Reopen the chart and apply the indicator.

2019년 3월 20일

릴리즈 노트

Adjust ribbon width and label text color.

2019년 3월 29일

릴리즈 노트

Enable update notice.

2019년 3월 30일

릴리즈 노트

Add access function

2019년 4월 12일

릴리즈 노트

Improved update notice

2019년 4월 14일

릴리즈 노트

Minor Fix caused by timenow variable.

2019년 4월 14일

릴리즈 노트

Since different symbols can be displayed in Tradingview's multiple chart layout, the feature "Capability to input different trading instrument to compare with the current ticker. " is removed to speed up loading time.

Related tags: multiple timeframes, MTF, multiple time frames, multi timeframes, multi time frames

2019년 4월 30일

릴리즈 노트

Since different symbols can be displayed in Tradingview's multiple chart layout, the feature "Capability to input different trading instrument to compare with the current ticker. " is removed to speed up loading time.
Adjust short, long term label offset.
Enable more stable switch between Yellow and Lime, Blue and Fuchsia.

2019년 5월 26일

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New Alert functions with user-defined rainbow colors switch.

2019년 5월 31일

릴리즈 노트

Simplify code
Monthly Update

2019년 5월 31일

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New Alert Functions Configuration:

• Settings of the indicator: Select Time frames, the color before the trigger bar and the color of the trigger bar;
  
• Add alert as usual.
  

2019년 7월 1일

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Monthly Update 20190630

2019년 8월 1일

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Monthly Update: Alert 2 to include Ribbon 1

2019년 8월 31일

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Monthly Update
adjust alert default option, add alert 5, alert 6.

2019년 9월 1일

릴리즈 노트

Optimize Decode logic

2019년 10월 1일

릴리즈 노트

Monthly Upgrade at 20190930

2019년 11월 4일

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Monthly Update 2019 Nov.

2020년 1월 2일

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Monthly Upgrade 20200102

2020년 3월 24일

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Monthly Update on 20200325

2020년 7월 12일

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Monthly update 2020 July

2020년 7월 18일

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Optimized with faster speed. 20200718

2020년 7월 18일

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Updated 20200718 II

2021년 1월 15일

릴리즈 노트

Updated 20210115

2021년 5월 16일

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Updated to Version 4

2021년 9월 15일

릴리즈 노트

Updated with optimized functions and speed.