INVITE-ONLY SCRIPT
Auto Harmonic Patterns Indicator [Premium]
Updated
This indicator automatically detects and draws harmonic patterns.
For each Fibonacci ratio in Scott Carney's basic harmonic pattern, you can easily find it by Googling.
Here, we have added a certain allowable range to point b of the xabcd type patterns as shown below.
- Deep Crab : 0.886 + 5% (no minus range)
- Alternate Bat : 0.382 - 3% (no plus range)
- Gartley, Butterfly : +- 3%
- rest patterns : +- 5%
You can set up to 8 ranges per period. Depending on your strategy, you can set the period from short-term to medium-term and long-term as desired.
When an expected harmonic pattern is detected, a model is drawn up to point c, and the predicted position of the potential reversal zone (PRZ) with the possibility of point d in the future is marked.
Investors can see price movements to prz in advance and prepare to react.
If a completed pattern is detected up to point d, it draws a pattern and additionally draws the Fibonacci retracement ratio at point d.
Investors can look at the Fibonacci ratio to determine stop-loss and profit-loss points.
Other fixes- Reinforcement of PRZ(d) zone marking
- Real-time position adjustment of the PRZ(d) zone according to the current trend
- Fibonacci retracement displayed when zone PRZ(d) is achieved
- Change settings panel UI
- Error rate scoping
- Keep past patterns setting
- Added Fibonacci line length setting function
- Set the error rate separately for each point : 1~10%
Total 18 Patterns
- Gartley
- Deep Gartley
- Crab
- Deep Crab
- Bat
- Alternate Bat
- Butterfly
- Shark
- Cypher
- Three Drives
- 5 - 0
- Nen Star
- Dragon
- White Swan
- Black Swan
- ABCD classic
- AB=CD
- ABCD extension
Release Notes
- Refine the point's ratio
- Add the Stop Loss line (for the 8 patterns)
- Gartley : 1.0XA
- Deep Gartley : 1.13XA
- Bat : 1.13XA
- Alternate Bat : 1.27XA
- Crab : 2.0XA
- Deep Crab : 2.0XA
- Butterfly : 1.414XA
- Shark : 1.27OB (XC)
Release Notes
- Show all expected patterns within the same period.
- Add stop loss by patterns.
- Shark, Cypher, NenStar - Add prices next to Fibonacci replacement rate.
Release Notes
- [Fix] XAD ratio label text error
Release Notes
- [Fix] text color bug
- [Update] add comments
Release Notes
- [Fix]A bug where expected patterns were lost while progressing to PRZ
(hold until the next expected pattern emerges)
Release Notes
- [Fix] Solved the problem that old patterns could not be maintained
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ltas for more information, or follow the author's instructions below.
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Author's instructions
″We charge a small subscription fee for our sustainable development and upgrades. Please e-mail to ltas.investlab@google.com OR visit our website, https://ltas.imweb.me
Thank you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.