PROTECTED SOURCE SCRIPT
Advanced Harmonic Pattern Detector v6
Advanced Harmonic Pattern Detector and Backtesting Suite (Pine Script v6)
Overview
The Advanced Harmonic Pattern Detector and Backtesting Suite is an original TradingView indicator designed to identify harmonic price patterns using Fibonacci-based ratio validation. The script automatically detects harmonic structures in real time, plots their defining price legs, and highlights potential reversal zones derived from Fibonacci confluence.
In addition to pattern visualization, the indicator includes an integrated backtesting module that allows traders to evaluate historical pattern performance directly on the chart using configurable trade parameters.
The indicator is applicable across multiple asset classes, including forex, crypto, stocks, indices, and futures, and can be used on any timeframe.
Supported Harmonic Patterns
The indicator detects both bullish and bearish variations of the following patterns:
Gartley
Bat
Alternate Bat
Butterfly
Crab
Deep Crab
Shark
AB=CD
Three-Drive
Five-Zero
Each pattern is validated using predefined Fibonacci ratio relationships between the XA, AB, BC, and CD legs. Ratio tolerances are pattern-specific to balance accuracy and practical signal frequency.
Pattern Detection Logic
The detection engine is built around objective price-structure analysis and includes:
Automatic swing high and swing low identification
Fibonacci ratio validation for each pattern leg
Support for both retracement-based and extension-based patterns
Pattern confirmation using completed price data only
Once a pattern is confirmed, it is fixed on the chart and does not repaint.
Potential Reversal Zones (PRZ)
For each validated pattern, the indicator calculates and plots a Potential Reversal Zone based on Fibonacci confluence across relevant pattern legs. These zones are displayed directly on the chart and are intended to help traders anticipate areas where price may react, rather than signaling guaranteed reversals.
Bullish and bearish patterns are visually distinguished to maintain clarity during live analysis.
Integrated Backtesting and Performance Analysis
The indicator includes a built-in backtesting component that allows traders to simulate pattern-based trades using historical data. Features include:
Pattern-triggered trade simulation
User-defined stop-loss and take-profit levels
Adjustable risk-to-reward parameters
Trade count, win rate, and summary statistics
Results displayed in an on-chart performance table
This functionality enables traders to evaluate harmonic pattern behavior statistically within the same tool used for analysis.
Customization and Controls
Users can customize the indicator by:
Enabling or disabling individual harmonic patterns
Toggling bullish and bearish detection independently
Adjusting Fibonacci tolerance thresholds
Configuring stop-loss and take-profit ratios
These options allow the script to be adapted to different markets, instruments, and trading approaches.
Intended Use
This indicator is designed as a technical analysis and decision-support tool for traders who incorporate harmonic patterns and Fibonacci structure into their analysis. It is not a buy or sell signal generator and should be used alongside broader market context and risk management.
Disclaimer
This indicator is intended for educational and analytical purposes only and does not constitute financial advice. Always apply proper risk management and confirm analysis with additional tools.
Overview
The Advanced Harmonic Pattern Detector and Backtesting Suite is an original TradingView indicator designed to identify harmonic price patterns using Fibonacci-based ratio validation. The script automatically detects harmonic structures in real time, plots their defining price legs, and highlights potential reversal zones derived from Fibonacci confluence.
In addition to pattern visualization, the indicator includes an integrated backtesting module that allows traders to evaluate historical pattern performance directly on the chart using configurable trade parameters.
The indicator is applicable across multiple asset classes, including forex, crypto, stocks, indices, and futures, and can be used on any timeframe.
Supported Harmonic Patterns
The indicator detects both bullish and bearish variations of the following patterns:
Gartley
Bat
Alternate Bat
Butterfly
Crab
Deep Crab
Shark
AB=CD
Three-Drive
Five-Zero
Each pattern is validated using predefined Fibonacci ratio relationships between the XA, AB, BC, and CD legs. Ratio tolerances are pattern-specific to balance accuracy and practical signal frequency.
Pattern Detection Logic
The detection engine is built around objective price-structure analysis and includes:
Automatic swing high and swing low identification
Fibonacci ratio validation for each pattern leg
Support for both retracement-based and extension-based patterns
Pattern confirmation using completed price data only
Once a pattern is confirmed, it is fixed on the chart and does not repaint.
Potential Reversal Zones (PRZ)
For each validated pattern, the indicator calculates and plots a Potential Reversal Zone based on Fibonacci confluence across relevant pattern legs. These zones are displayed directly on the chart and are intended to help traders anticipate areas where price may react, rather than signaling guaranteed reversals.
Bullish and bearish patterns are visually distinguished to maintain clarity during live analysis.
Integrated Backtesting and Performance Analysis
The indicator includes a built-in backtesting component that allows traders to simulate pattern-based trades using historical data. Features include:
Pattern-triggered trade simulation
User-defined stop-loss and take-profit levels
Adjustable risk-to-reward parameters
Trade count, win rate, and summary statistics
Results displayed in an on-chart performance table
This functionality enables traders to evaluate harmonic pattern behavior statistically within the same tool used for analysis.
Customization and Controls
Users can customize the indicator by:
Enabling or disabling individual harmonic patterns
Toggling bullish and bearish detection independently
Adjusting Fibonacci tolerance thresholds
Configuring stop-loss and take-profit ratios
These options allow the script to be adapted to different markets, instruments, and trading approaches.
Intended Use
This indicator is designed as a technical analysis and decision-support tool for traders who incorporate harmonic patterns and Fibonacci structure into their analysis. It is not a buy or sell signal generator and should be used alongside broader market context and risk management.
Disclaimer
This indicator is intended for educational and analytical purposes only and does not constitute financial advice. Always apply proper risk management and confirm analysis with additional tools.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.