This is just one of the use cases for DWEB (Dynamic Weighted Equilibrium and Balance). In addition to giving you amazing data and visuals regarding the health and strength of an asset, this hybrid drawing feature adds a whole new dimension.
I call the dots "taps" and they signal very specific reactions based on price, balance, volume, and most importantly...
I know they are "chart cancer" to some people. Trust me... I know this... so you can move on if you feel that way. For those of you that power through my charts or follow me, you know I am big on using multiple concepts at the same time to bring confluence. I use my own charts for this instead of asking people and/or waiting for signals provided by others. My...
This is crazy! Watch video and see how I mark just some of the pivots that were given in advance and "on the fly" . Using replay (med/fast mode) I was able to capture some nice pivots. Because the indicator adapts, I was only able to zero in on some of the bigger swings but the data is there to predict small ones in real time.
This is a final test for the script and I have to say its pretty incredible. Bonfire Vibration adapts to forecast big movement, pivots, trends, levels of support /resistance and intuitive Bonfire MA's. Publishing the chart will not show this adaptation as indicators are locked.
Great for confluence along with Bonfire and/or your TA to confirm price...
