Earlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯...
Hello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns . Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one...
Hello Everyone, Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: For simplicity, we will only consider static value for...
Extending the earlier implemented concept of Harmonic-Patterns-Based-Trend-Follower , in this script, lets make it work as supertrend so that it is more easier to operate. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, bullish and bearish zones are calculated based on parameter Base 🎯 These bullish and...
█ OVERVIEW This table indicator was intended as helper / reference for using XABCD Pattern drawing tool. The values shown in table was based on Harmonic Trading Volume 3: Reaction vs. Reversal written by Scott M Carney. Code upgrade from Harmonic Pattern Table (Source Code) and based on latest User-Defined Type (UDT) . As a result, code appeared more...
█ HOW DOES IT WORK? The known 90 min cycle is used as one killzone. But actually all 18 min are relevant to search for a trade. All 18 min when a new box starts only then is the placement of an order valid. If the entry candle isn't in a box then it will probably fail. The boxes should only be used in the M1 or M5 timeframe. The best hitrate is in the M1...
Overview: The ultimate harmonic XABCD pattern identification, prediction, and backtesting system. Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios...
Before getting into the script, I would like to explain bit of history around this project. Wolfe was in the back of my mind for some time and I had several attempts so far. 🎯Initial Attempt When I first developed harmonic patterns, I got many requests from users to develop script to automatically detect Wolfe formation. I thought it would be easy and started...
Hi, here is my take on 'Cup & Handle' Pivot Points - ph (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted...
Overview: We hear a lot about Gartleys, bats, crabs and the rest of the barnyard crew, but have you ever wondered what other creatures might be lurking out there yet to be discovered? Well wonder no longer, it's time to find out for yourself! The Custom XABCD Validation and Backtesting Tool allows you to define retracement ratios and targets for your very own...
I may not be able to spend much time on the harmonic patterns and realized that there are not much open source scripts on them either. Hence, decided to release open source version which can be used by other developers for reference and build things on top of it. Original script is protected and can be found here: Logical ratios of patterns are coded as below:...
Due to popular demand, I'm pusblishing Fourier Extrapolator of Price w/ Projection Forecast.. As stated in it's twin indicator, this one is also multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by: xi = m + Sum( a*Cos(w*i) + b*Sin(w*i), h=1..H ) Where: xi - past price at i-th bar, total n past prices; m - bias; ...
This indicator finds all of the gartley and cypher patterns on anychart and personally I have been using them profitably with BTC, ETH, and LTC. It includes entry points for both patterns but not TP levels, that is up to you to do research on. In version 2 I am working on this, if any of you can help me with that, it would be appreciated. Goodluck!
█ OVERVIEW This indicator was designed based on Harmonic Trading : Volume One written by Scott Carney. This is about harmonic ratios which expanded through retracement and projection. Derivation is pretty much explained here such as Primary, Primary Derivation, Secondary Derivation and Secondary Derivation Extreme. Derivation value depends on minimum...
█ OVERVIEW This indicator was to show ratio between zig zag. Ideally to find Fibonacci Retracement / Projection, Harmonic Patterns, ABCD, Elliot Wave and etc. █ CREDITS LonesomeTheBlue █ FEATURES Table can positioned by any position and font size can be resized. █ USAGE / TIPS EXAMPLES (Description explained in each image)
33 candlestick patterns. republish with a clearer chart. @Mamona
This script is a drawing tool which allows users to draw XABCD on the chart and script will tell whether there is any harmonic patterns on the drawings made. The script is based on interactive inputs and requires users to chose XABCD points. Please note This is not a scanner and it will not scan historical bars for harmonic patterns. This needs to be used...
Combining Multizigzag with harmonic patterns - this script generates harmonic patterns based on multiple deapth zigzags. Input parameter allows to chose which Zigzag to be included in pattern identification and set different length, line color, width and style for each Zigzag combinations. Pattern rules are as below: Gartley xab = 0.618 0.382 <= abc...