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Analysis and Trading based on Envelopes, Waves, Cycles
- #10,623
- Edited 4:33pm Jun 18, 2023 3:21pm | Edited 4:33pm
BTCUSD Daily Market Structure Analysus {image}
It calculates the octaves for each lengths automatically based on all time high and low.
Basically, it's the same logic on the screenshot you shared (in quote).
Here is tradingview Hurst Envelopes Auto link:
https://www.tradingview.com/script/P...nvelopes-Auto/
Hope it will be helpful for somebody.
Also if you need me to add/modify something feel free to ask.
And i want to thank you @parisboy for your information and assistance!
Really interesting to read the topic, currently, im on page 67.
Currently im on page 75 and i readed some information about Murrey Math Lines (so it is the Gann concept) and im curious, why we divide the levels by 8 instead dividing it by 9?
I've made a script (also based on your information about harmonic and subharmonic level calculations) with horizontal/diagonal levels and what i want to say is that the levels of MML are often correlated with the fibonacci (horizontal) ones.
After i readed a post number #1479, about 144 number and the number 9 which Gann often mentions in his books, i tried to modify the MML logic a bit, so instead of dividing by 8 and have MML lines from 0 to 8 now it's from 0 to 9. The harmonics and subharmonics are different of course, but they are also correlating with the fibonacci levels (and i made fibonacci sublevels using your advice of multiply or dividing by 2 haha!).
So, now, when i use both versions of MML (0 to 8 and 0 to 9) with subharmonics based on your information, i got more support and resistance zones, what you think about it? Just curious, about the question, why we divide by 8 instead of 9 or better to use them both?
Because as i said before, it plots more support and resistance levels, where divison by 8 MML doesn't.
I will be glad to hear your thoughts about it.
p.s my main thoughts that i complicate and that's why i can be wrong, because one of the keys of success is simplicity.
I've made a script (also based on your information about harmonic and subharmonic level calculations) with horizontal/diagonal levels and what i want to say is that the levels of MML are often correlated with the fibonacci (horizontal) ones.
After i readed a post number #1479, about 144 number and the number 9 which Gann often mentions in his books, i tried to modify the MML logic a bit, so instead of dividing by 8 and have MML lines from 0 to 8 now it's from 0 to 9. The harmonics and subharmonics are different of course, but they are also correlating with the fibonacci levels (and i made fibonacci sublevels using your advice of multiply or dividing by 2 haha!).
So, now, when i use both versions of MML (0 to 8 and 0 to 9) with subharmonics based on your information, i got more support and resistance zones, what you think about it? Just curious, about the question, why we divide by 8 instead of 9 or better to use them both?
Because as i said before, it plots more support and resistance levels, where divison by 8 MML doesn't.
I will be glad to hear your thoughts about it.
p.s my main thoughts that i complicate and that's why i can be wrong, because one of the keys of success is simplicity.
