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Multi ZigZag Harmonic Patterns

By Trendoscope
Wizard
Updated
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 <= 0.886
  • 1.272 <= bcd <= 1.618 OR xad = 0.786


Crab

  • 0.382 <= xab <= 0.618
  • 0.382 <= abc <= 0.886
  • 2.24 <= bcd <= 3.618 OR xad = 1.618


Deep Crab

  • xab = 0.886
  • 0.382 <= abc <= 0.886
  • 2.0 <= bcd <= 3.618 OR xad = 1.618


Bat

  • 0.382 <= xab <= 0.50
  • 0.382 <= abc <= 0.886
  • 1.618 <= bcd <= 2.618 OR xad = 0.886


Butterfly

  • xab = 0.786
  • 0.382 <= abc <= 0.886
  • 1.618 <= bcd <= 2.618 OR 1.272 <= xad <= 2.618


Shark

  • xab = 0.786
  • 1.13 <= abc <= 1.618
  • 1.618 <= bcd <= 2.24 OR 0.886 <= xad <= 1.13


Cypher

  • 0.382 <= xab <= 0.618
  • 1.13 <= abc <= 1.414
  • 1.272 <= bcd <= 2.0 OR xad = 0.786


Three Drives

  • oxa = 0.618
  • 1.27 <= xab <= 1.618
  • abc = 0.618
  • 1.27 <= bcd <= 1.618


5-0

  • 1.13 <= xab <= 1.618
  • 1.618 <= abc <= 2.24
  • bcd = 0.5


Related scripts are present here:

Auto Harmonic Patterns - Open Source

Auto Harmonic Patterns

Multi ZigZag

Auto Harmonic Patterns - Long only Strategy

Release Notes
Add max_bars_back
Release Notes
Added alert condition
Release Notes
Fixed minor calculation error with respect to zigzag
Release Notes
Added ABCD patterns and Double Top/Bottom patterns to this script. With multiple zigzags running, display can become messy. Disable the ones you don't use in your input parameters.
Release Notes
Fix zigzag logical error
Release Notes
  • Removed not so important line width and line style parameters.
  • Set all width to 1 and style to solid.
  • Changed colors to suit dark theme :)

Release Notes
Convert to pine 5
Release Notes
Updated signature and tags.
Release Notes
Update tags
Chart patternsHarmonic PatternshewhomustnotbenamedTrend Analysistrendoscope

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Trendoscope
Wizard
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