Analysis and Trading based on Envelopes, Waves, Cycles

I can see you have a deep understanding of these envelopes and how to read and use them at your un vantage.
I never used them before and got curious watching your chart
I will try to figure out how you use them by reading your early posts
Thanks

Your insights are welcomed Merka

hereunder GBPJPY - 5 Days / 5 mn as of today

GBPUSD 1 Year / Daily

Parameters :

Envelope 256 = 0,05
Envelope 128 = 0, 025
Envelope 32 = 0, 0125

GBPUSD 6 Months / 120 mn

Parameters :

Envelope 256 = 0,025
Envelope 128 = 0, 0125
Envelope 32 = 0, 00625

GBPUSD 3 Months / 60 mn

Parameters :

Envelope 256 = 0,0125
Envelope 128 = 0, 00625
Envelope 32 = 0, 003125

GBPUSD 1 Month / 30 mn

Parameters :

Envelope 256 = 0,00625
Envelope 128 = 0, 003125
Envelope 32 = 0, 0015625

GBPUSD 5 Days / 5 mn

Parameters :

Envelope 256 = 0,00625
Envelope 128 = 0, 003125
Envelope 32 = 0, 0015625

GBPUSD 1 Day / 1 Mn

Parameters :

Envelope 256 = 0,003125
Envelope 128 = 0, 0015625
Envelope 32 = 0, 00078125

Dear Parisboy,

How do you actually build the envelopes in tradingview? im finding it quite a challenge! would you be so kind as to offer some guidance?

Kind regards,

Russ

How to use Envelopes using Sentient Trader software

http://forum.hurstcycles.com/t/how-t...-trader/357/66

Hello Russ

hereunder you will find the code I used :

study(title=“Envelope”, shorttitle=“Env”, overlay=true)
len = input(32, title=“Length”, minval=1)
octave = input(156.25)
src = input(close, title=“Source”)
exponential = input(false)
basis = sma(src, len)
k = octave
upper = basis + k
lower = basis - k
plot(basis, color=orange,offset=-16)
u = plot(upper, color=blue, offset=-16)
l = plot(lower, color=blue, offset=-16)
fill(u, l, color=blue)

Source code for the study is above

this creates the Envelope 32 with an offset of - 16

after that you copy 2 times the Envelope indicator on the chart and you modify the length with 128 and 256
you change (if you want) the color - I use blue for 32, ocre for 128 and brown for 256

and you got the 3 Envelopes aligned on the end of Envelope 32 .

The " Envelopes are offsetted by - 16

Then you save your “study” as a Template

PS - May be the code is not perfect - but I am totally illiterate in programming. So I used at the time (beginning of 2016) something existing in Trading View - and adapted it to my needs.

Trading with Hurst Envelopes on Sentient Trader

http://forum.hurstcycles.com/t/tradi...veloppes/94/77

Dear Parisboy,

I keep getting an error when I try and compile the study. Any ideas why...I literally have no idea how to use the pine editor?


Thank you so much for posting the code for the envelopes, it is very much appreciated.

Kind regards,

Russ

Russ , I cannot really help you in this matter

I suspect the failure occured because it lacks something.

As I am (almost) totally illiterate in programming I did not "programmed" directly the study with Pine Editor.

As far as I can remember I found in the built-in indicators list offered an envelope or band or channel indicator based on a moving average

I modified the parameters so that the MA could be "centered" half the period back - and also redefined a variable for the amplitude as an "octave" = 1/8 of yje Price Range

Food for thoughts : Tillman Forks on the EURUSD

Jim Tillmann technique is simple

a) you use Centered Moving Averages - here, 16,32,-' and 128 Time Units (1 mn)
b) these Centered Moving averages cross with Price Action generating a Node (Focal Point for Tillmann
c) you link with a Trend Line one Focal point with the next one roughly at the middle of the next swing
d) then you draw 2 parrallels to this trend line from the Top and the Low of the related swing

IMHO it is better than Andrews Pichfork

fact is these drawings show and underline the various sinewaves at work within Price Action

Pitchforks acts as Support and Resistance , Targets and Action Signal when broken

You can refine the system using a "gannish" tool : the division by 8

just divideby 8 the interval between the Top and the Low of the relevant Swing and draw parallels to the Trend Line between 2 Focal Points

Then observe Price Action