Universe_Advanced Wave System

**Universe_Advanced Wave System**

This indicator is an advanced market structure analyzer designed to identify complex wave patterns based on price symmetry, time, and Fibonacci relationships. It is inspired by advanced wave theories (including concepts similar to NeoWave and Elliott Wave) but utilizes a custom "Confirmed Pivot" algorithm to filter market noise.

** Key Features:**
* **Automatic Pattern Recognition:** Detects Impulse, Zigzag, Flat, Triangle, and complex structures like Diametric/Symmetrical patterns.
* **Smart Defense Line (Yellow):** A dynamic trailing stop mechanism that adjusts based on price action to protect gains.
* **Target Zones (Green Boxes):** Automatically projects potential reversal or take-profit zones based on Fibonacci extensions.
* **Pattern Scoring (Confidence):** Assigns a 'Confidence Score' to patterns based on strict rule adherence.
* **Logic:** The higher the score, the closer the pattern is to a "perfect" structure. **Higher scores generally indicate higher probability trade setups.**
* **Clean Visualization:** Filters out micro-structures to keep the chart clean, focusing on major moves.

** How to Use:**
1. **Trend Identification:** Use the wave labels to understand the current market cycle.
2. **Entry Confirmation:** Look for "BUY" or "SELL" labels. Prefer signals accompanied by a **High Confidence Score** for safer entries.
3. **Risk Management:** Use the Yellow Line as a trailing stop-loss level.
4. **MTF Panel:** The panel on the top right shows the trend direction of the higher timeframe (default: 4H).

** Recommended Deviation Settings:**
Since volatility varies across markets, adjusting the "Deviation" setting is crucial for accurate wave detection:
* **Forex (Low Volatility):** 0.2% - 0.5% (e.g., EURUSD, GBPUSD)
* **Indices & Stocks (Medium Volatility):** 0.5% - 1.0% (e.g., SPX500, AAPL)
* **Crypto (High Volatility):** 1.5% - 3.0% (e.g., BTCUSD, ETHUSD)
* *Tip: Decrease deviation for lower timeframes (5m, 15m) and increase for higher timeframes (4H, 1D).*

** IMPORTANT DISCLAIMER & REPAINT WARNING:**
This script is based on **ZigZag logic**. By definition, wave analysis requires the completion of a move to identify a high or low. Therefore, the last leg of the ZigZag and the most recent labels **may recalculate (repaint)** as the price evolves. This is a mathematical necessity for wave theory, not a bug.
* The signals are generated based on "Confirmed Pivots" (after a pullback occurs) to minimize false entries, but they are not strictly non-repainting.
* Always use proper risk management.
* This tool is for educational purposes only and is not financial advice.
* This is a custom interpretation of wave mechanics and is not an official product of any specific wave theory institute.