Gann Waves shows natural cycles occurring at regular intervals and overlays them with your chart. Gann Waves can be used to identify patterns of behavior: A symbol will make consistent highs during yellow, and then start to reverse by making a lower high (or now high) in yellow. A symbol will make lower lows during the period between yellow and blue, and then...
An example of the Cheat Code indicator used with QQQ. Green periods are where price has longer trends Purple periods are where price tends to make lots of reversals The thin grey lines at regular intervals tend to identify local pivots The thick grey lines at roughly the midpoint of the green period identifies major pivots For more information, and to...