Private indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of 5-0 Pattern . The 5-0 Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator 5-0Pattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
5-0Pattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is possible to change the settings to "lite" that the 5-0 Pattern represent waves only with 2 lines. This allows the indicator to detect far more 5-0 Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017