Get started

AB=CD

Conditional Chart Pattern Signals: Part 3CCPS uses exclusive method to finalize pivot points and has more options to refine chart patterns. Pattern List: • AB=CD Bearish • AB=CD Bullish • Deep Crab Bearish • Deep Crab Bullish • Alternate AB=CD Bearish • Alternate AB=CD Bullish • Alternate Bat Bearish • Alternate Bat Bullish Label Tooltip: Show more information of the signal. Volume: Random/Up/Down is determined by linear regression. Show pattern if volume trend is not required/up/down. Percentile %: Intraday: 60 (active). Day and above: set at your preference. Range 0-100. A value of 0 means that no filter is applied and all patterns satisfy the condition. A value of 100 means that no pattern satisfies the condition. Confirm Time: 1-3 candles. Candle: Random/Bullish/Bearish. Specification: tinyurl.com Usage: Enter at the open of the next bar after the signal or right when the signal appears (depending on your very own evaluation of the market at that time as sometimes price could reach targets within one bar). Adding caution, a little bit of experience will be needed to recognize if price actually reacts and follows the signals generated by CCPS. Stop-loss suggested by the signal is generated as a quick analysis. In general, you need to place the stop-loss higher or have your own deeper analysis to have it. Take profit based on your preference of risk and/or other indicators of target/support/resistance. Other Features: • Non-repainting: show honest signals on the realtime bar, not on historical bars. • Compact design. • Support alerts. Markets: All (Not designed and developed for a specific market). Test on: forex, index, commodity. Timeframes: All (Not designed and developed for a specific timeframe). Test on: 30m, 1D, 1W, 1M. Remark: • Reversal patterns do not have magic. Indeed, they belong to counter-trend strategy and technical analysis of high-probability (potential) reversal zone. In case of more powerful fundamental factors, a trend could continue and break reversal patterns. • We have tried to integrate multiple base periods in the indicator but the execution time limitation for one indicator does not allow us to do so. As a result, users need to manually add the indicator multiple times with different base periods in order to find more patterns. Some common base periods are 5, 10, 15 and 20. In the future, if the platform lifts the limitation, we will have a version in which the indicator would automatically scan different base periods for users. • Because compiled script code limit is 65000, the indicator is separated into different parts. Each part contains different patterns and could be considered as an independent detector.
Pine Script™ indicator
by SupersafeTrader
1
OZGENCIntroduction 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 estimates these potential points by calculating some kind of ratio between the two selected points. The indicator calculates these future points without using the accustomed Fibonacci ratio. How to use: The user should select two local points, through and peak, respectively. Local through is defined as A, and peak is defined as B in this case. The user should click on each of them twice, first for determining price (y-axis), second for time/date (x-axis). The indicator then calculates C and D points, C as the support and D as the resistance point. These points will be shown in the chart as horizontal lines in addition to their predicted values. Özgen Çatal twitter: @Ozgencx
Pine Script™ indicator
by Ozgenn123
2
Vanilla ABCD PatternPatterns makes parts of the many predictive tools available to technical analysts, the most simples ones can be easily detected by using scripts. The proposed tool detect the simple (vanilla) form of the ABCD pattern, a pattern aiming to detect potential price swings. The script can use an additional confirmation condition that aim to filter potential false signals. ABCD PATTERN The ABCD pattern is not meant to be detected by analyzing individuals closing price observations but by analyzing longer term movements, this is done by using tools such as zig-zag. Like any pattern the ABCD one comes in different flavors, the simplest being based on the following structures: Once price reach D we can expect a reversal. The classical pattern has the following conditions : BC = 0.618*AB and CD = 1.618*AB , as you can see this condition is based on 0.618 which is a ratio in the Fibonacci sequence. Other conditions are for AB to equal to CD or for CD to be 161.8% longer than AB. Why these conditions ? Cause Fibonacci of course . The ABCD pattern that the proposed tool aim to detect is not based on the zig-zag but only on individual price observations and don't make use of any of the previously described conditions, thus becoming more like a candle pattern. When the label is blue it means that the tool has detected a bullish ABCD pattern, while a red label means that the tool has detected a bearish ABCD pattern. We can't expect patterns based on the analysis of 1,2,3 or 4 closing price observations to predict the reversal of mid/long term movements, this can be seen on the above chart, but we can see some signals predicting short term movements. Since the pattern is based on a noisy variation, using smoother input can result in less signals. Above the tool on BTCUSD using closing price as input. Below the tool using ohlc4 as input: TOOL OPTIONS Being to early can be as devastating as being to late, therefore a confirmation point can be beneficial, the tool allow you to wait for confirmation thus having a potentially better timing. Below is a chart of AMD with no confirmation: As we can see there are many signals with some of them occurring to early, we can fix this by checking the confirmation option: The confirmation is simply based on the candle color, for example if a bearish ABCD pattern has been detected in the past and the closing price is greater than the opening price then the tool return a buy signal. The same apply with a bearish ABCD pattern. The "last bar repaint" option is true by default, this in order to show the bar where the D point of the pattern has been detected, since the closing price of the last bar is constantly changing the signals on the last bar can be constantly appearing/disappearing, unchecking the option will fix this but will no longer the bar where the D point of the pattern has been detected. SUMMARY The pattern is simple and can sometimes be accurate when predicting the direction of future short terms movements. The tool was a request, as it seems i don't post many pattern detectors, well thats true, and the reason is that for me patterns are not super significant, and their detection can be extremely subjective, this is why simple patterns are certainly the only ones worth a look. Don't expect me to post many pattern related indicators in the future ^^'
Pine Script™ indicator
by alexgrover
16