Event Locator Source Code (Pine Script)

Event Locator marks all countable points in a price sequence. It can be used in any market, forex, stocks, metals, etc... Candles with separation at both tips (DMC's) are marked red, 'smooth' events are marked yellow, and 'rough' events blue and green. This tool is the foundation and basis for any strategy that attempts to count market movement. This is the latest version dated 11/24/2024. (Recommended for use with the SandTiger tool).