Carney Existing Formations v.1.5A 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 of harmonic formation scanner. Consider checking extensions more advanced versions:
Carney Potencial Formations - Predicting potencial harmonic formation patterns with projection of the target points (Extension to this one with the same old scanner code).
Extreme + XABCD - More advanced harmonic formation scanner that can detect both existing and potencial patterns. It provides also set of performence statistics for current stock.
Waves + XABCD - Move advanced harmonic formation scanner optimized for the Wave theory. Provides performace statistics and short feature waves estimations to notify you about formations as soon as possible.
Script settings:
| SCANNER |
Formation checkbox - Activate/deactive formation detection
Last bars to search - How far in the fast we should look to check formations.
max points distance - How big patterns we are looking for.
Inaccuracy - How large deviations from the "ideal pattern" we accept
Filter duplicates - Limit to one instance of formation type per final bar
Confirmation: precision - Defines how high/low should be the extreme X points in compare to XA value, to be valid.
Confirmation: 3 bars - X should be the extreme in a 3 bar wide neighborhood.
| SHOW |
Line color and width - To customize chart for your preferences
Labels:
H - Hidden
S - Short
F - Full
Show result dialog - You can pick format of formations labels.
| EXTENSIONS |
Carney Potencial Formations - Showing base information about Carney Potencial Formations script
Extreme + XABCD - Showing base information about Extreme + XABCD script
Waves + XABCD - Showing base information about Waves + XABCD script
Troubleshooting:
Result dialog error "Abandoned at ...." - Change "max points distance" to smaller value.
TraidingView (! character):
Loop takes too long to execute (>500ms) - Change "max points distance" to smaller value.
In case of any problems, please contact the author of the script.
Carney
Carney Potencial FormationsThe script is predicting potencial XABCD harmonic formation patterns on the chart.
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.
Script with limited access, contact author to get authorization
This version is predict potencial formations in current data set only. There is a separate version that is showing formations in historical data.
Script settings:
Precision - How large deviations from the standard we accept
max points distance - How big patterns we are looking for.
Line color and width - To customize chart for your preferences
Show labels - You can pick format of formations labels.
Formation filter - you can pick only one formation from the list to be visible on the screen. Visible formation are marked on the result dialog by -> <- characters. (-1 - show all, 0 show nothing, 1 - show first formation, 2 - show second formation)
Troubleshooting:
TraidingView (! character):
Loop takes too long to execute (>500ms) - Change "max points distance" to smaller value.
In case of any problems, please contact the author of the script.
Carney Existing FormationsThe script searches historical data for XABCD harmonic formation patterns
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.
Script with limited access, contact author to get authorization
This version is showing formations in historical data only. There is a separate version that is trying to predict potencial formations in current data set.
Script settings:
Precision - How large deviations from the standard we accept
Last bars to search - How far in the fast we should look to check formations.
max points distance - How big patterns we are looking for.
Line color and width - To customize chart for your preferences
Show labels - You can pick format of formations labels.
Troubleshooting:
Result dialog error "Abandoned at ...." - Change "max points distance" to smaller value.
TraidingView (! character):
Loop takes too long to execute (>500ms) - Change "max points distance" to smaller value.
In case of any problems, please contact the author of the script.
