Hello traders, I am excited to introduce to you the Auto Harmonic Pattern Projections indicator! How does it work? This indicator identifies harmonic patterns by analyzing Zigzag pivot points on the chart and checking if the XABC points form the required Fibonacci retracements/extensions for each particular pattern type. If the values are within their...
Here is an attempt to gather and present stats and probabilities of different chart patterns. Here, we challenge few traditional biases such as rising wedge is bearish, falling wedge is bullish etc. All the chart patterns identified in this script are bi-directional. Meaning they offer opportunities to trade in either direction. This indicator is built on the...
Reinforcement of PRZ(d) zone marking Current trend line Real-time position adjustment of the PRZ(d) zone according to the current trend Fibonacci retracement displayed when zone PRZ(d) is achieved Code refactorings Correction of previous highs and previous lows of the trend line finding PRZ Separation of completed harmonic model and expected harmonic model...
A harmonic formation pattern scanner based on the Harmonic Trading book series by Scott Carney. Supported harmonic traiding formations: Gartley ButterFly Bat alt. Bat Crab Greate Crab Shark AB=CD 5-0 Cypher Precise description and knowledge you can get from the Harmonic Trading book series by Scott Carney. It's the oldest and not optimized version...
After getting good response on Wedge-and-Flag-Finder-Multi-zigzag , I thought I will build little bit further into the script. Main differences Uses deep search algorithm for patterns instead of just using last 5 pivots Flag pattern is removed so that we can concentrate mainly on trend line pairs More number of overall patterns. Trend Patterns...
Moon is a very fascinating celestial body which is referred in Astrology as a planet. The effect of the moon on earth is proven when we see it's affect on the tides. The moon also represents the mind, which also makes it an interesting barometer of human thought. The moon being the nearest and smallest 'planet', affects stock prices often causing short term...
Here is a small attempt to automatically identify wedges and flags. Tradingview standard wedge checks for only 4 pivots. In this version, I have considered 5 pivots instead - which can help reduce noise as 4 pivots forming wedge can be quite common. In future, will also try to add more pivots in pattern recognition to make the signal more accurate. If wedge...
A simple but powerful script that allows you to set levels that, when a trendline (user set with 2 points) intersects those levels, will produce a vertical line to show the timing of that event Useful not only for price action but also for use on indicators like a relative strength index (RSI) Instructions: Plot the trendline down as you wish - choose the price...
Time based indicator attempting to show changes in a cycle based on the different time elapsed between new highs and new lows in a given time period. Useful when combined with elliott wave price structure. A drop above/below 0 suggests a wave 4 whilst new highs/lows of the indicator suggest whether a bullish or bearish trend is in place. You can change the time...
Advanced harmonic patterns scanner optimazed for Wave theory for Low or Medium wave rules. It finds on the candle chart: - Existing pattern with realized target in historic data. - Potencial patterns with realized and potencial targets. - Estimated patterns that may become potencial with their potencial targets (it updates instantly with the price change (before...
Bullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ). As they become 0%-80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal. Different combinations of specific fib retracements and extensions result in different patterns,...
Hello traders, Many who used Auto Harmonic Pattern - Ultimate had enquired with me about having option to project PRZ before patterns formed. We always replied that it is in pipeline but will not be part of existing script. Finally, we decided to utilise part of our Christmas and new year break to make it happen. Lets get started.. ⬜ Process ▶ Unlike...
This is another script involving interactive inputs. This is similar to Manual-Harmonic-Patterns-With-interactive-inputs . But, instead of taking XABCD and verifying if it confirms to any pattern, here we only take XABC and project all PRZs. Example, upon adding the script to chart, it will prompt to select 4 points on chart by clicking on it. if we select X, A,...
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...
Introduction Pattern formations enable traders to predict future significant points to buy and sell stocks. This might due to the scale-free nature of stock prices, also reflecting many phenomena in the nature. OZGENC indicator utilizes this to predict future potential support and resistance points. By choosing two local peak and throughs, the indicator...
Harmonic Patterns is a powerful tool for identifying potential reversal areas in the financial markets. Auto Harmonic Pattern Pro it is based on the work of Scott Carney, a renowned trader and author who developed the concept of harmonic patterns. Scott Carney's extensive research and contributions have greatly enhanced our understanding of market patterns and...
This indicator uses regression along with RSI and moving averages from multiple time frames to help you visualize the market in a single view. After learning the notations, you will be able to identify pockets of liquidity and determine high/low probability price zones without drawing a single line. Booster symbols help confirm short term trends and breakouts...
This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. This indicator was build upon Harmonic Trading : Volume Two, which was continuation from Harmonic Trading : Volume One and The Harmonic Trader, written by Scott M Carney. Explaination was similar to previous build, build 0 and build 1 . Volume 2 introduce...