[blackcat] L5 Zen Master

Level: 5

Background

L5 Zen Master is my favorite main chart indicator. I have been studying Zen Theory for long and keeping improving related home-baked private indicators. Zen Theory is less known out side of China. This situation is very similar to when Nilson did not introduce Japanese candlesticks worldwide. At that time, traders in other parts of the world rarely heard of Japanese candlesticks. This situation occurs again. When most Chinese bookstores and libraries are full of books on Zen Theory trading techniques, the rest of the world may not know this trading technique based on mathematical derivation axioms.

As for the author of the theory, he/she is as mysterious as Satoshi Nakamoto who created Bitcoin. People don't even know his/her gender, because he/she likes to call himself/herself a "woman" when he/she publishes original trading techniques on his/her blog. No one knows his/her name, only his/her nickname: "Preaching Zen in Tangles" (缠中说禅). People respectfully call him/her "Zen Master" (缠师). Zen Theory is based on geometric structures like Bill Williams' Fractals and ZigZag, but it is very host to MTF applications. In addition, there are unique insights on moving averages, this moving average technology is called Zen Kiss (缠论吻).


Function

It combine several novel indicators together but mainly focus on Zen Theory(缠论主图), including Zen Strokes (自动画笔) 和 Zen Kiss (缠论均线) Moving Averages. To Better understand the market geometry structure, I developped featured Fibonacci Space Indicator which is based on Semi-LOG and Fibonacci Time Window Indicator to help juge trend movements independently. Also, I integrated Better Volume Indicator(BVI) and Range Action Verification Index (RAVI) as well for volume and bias monitoring.


Indicator Set

Zen Stroke (Auto ZigZag, 自动画缠论笔)
Zen Kiss Moving Averages (缠论均线)
Fibonacci Space Indicator with Golden Ratios based on Semi-LOG (黄崇半对数)
Fibnacci Time Window Indicator with red/green background colors
Dynamic Fibnacci Space Arrows to indicate support and resistance immediately
Better Volume Indicator (BVI) with painted bars to juge trend strength
Range Action Verfication Index (RAVI) for large time frame for exetreme conditions warning

Inputs
BVI lookback period --> 5 as default
EnableBVIBarColors --> True as default
Show Zen Stroke --> True as default
Show Fib Space based on Semi-LOG --> True as default
Zen Fractals Lookback Period --> 377 as default


Key Signal

Zen Stroke
Yellow line section for up stroke
Blue line section for down stroke

Zen Kiss MA
Yellow MA for fast line (Cowgirl line)
Fuchsia MA for slow line (Cowboy line)

Fib Space w/ Golden Ratios
Low, 11.4%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.6%, High

Fib Time Window
Green background color for top indicator based on time window
Red background color for bottom indicator based on time window

Dynamic Fib Space Arrows
Green arrows for support
Red arrows for resistance

Better Volume Indicator
Yellow bar color --> low volume --> trend ends, commonly before trend reversals
Red bar color --> climax up volume --> very bullish and next bar may continue to be bullish
White bar color --> climax down volume --> very bearish and next bar may continue to be bearish
Green bar color --> churn volume --> Long and short forces play fierce games within a small price range
Fuchisia bar color --> climax churn volume --> Long and short forces play fierce games within a large price range

Range Action Verfication Index
Yellow background color for extremely negative bias, indicating bottom zone
Fuchsia background color for extremely positive bias, indiacting top zone


Pros and Cons

ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance

Remarks

My second L5 indicator published
Closed-source
Invite-only


Redeem Fee Life Lock Guarantee

Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.

How to subscrible this indicator?

The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.

Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.

TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.


Monthly Subscription Charges

500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...

Annual Subscription Charges

5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...

Note di rilascio:

Add adaptive fitler to remove noise of price info and add trend strength indicator with
1. yellow solid line above MA band indicates strong up trend; while fuchsia solid line under MA band indicates strong down trend.
2. dots means prior highs and lows when there is no srong trend at all.

Note di rilascio:

Adding bias% labels,which indicate potential reversal. the large absolute value of bias% labels, the more probability to reverse.

Note di rilascio:

Add buy (yellow) and sell (fuchsia) labels