OPEN-SOURCE SCRIPT
AB=CD Pattern [KTY]
[KTY] AB=CD Pattern
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically detects AB=CD harmonic patterns based on Fibonacci retracement and extension.
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๐ FEATURES
- Auto-Detection
- Identifies AB=CD harmonic patterns automatically
- Displays 1:1, 1.272, 1.618 extension targets
- Target Levels
- TP1/TP2/TP3 auto-displayed after D completion
- Entry and Stop levels included
- Visual Display
- Active pattern: Colored solid lines
- Completed pattern: Changes to dashed lines
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Watch for reversal at D point completion
- Bullish AB=CD โ Expect downward move at D
- Bearish AB=CD โ Expect upward move at D
- 1:1 ratio is most reliable and frequent
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Higher reliability when ratio completes with reversal signal
- Bat, Gartley, Crab patterns also consist of AB=CD combinations
- Confluence with S/R levels increases reliability
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically detects AB=CD harmonic patterns based on Fibonacci retracement and extension.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ FEATURES
- Auto-Detection
- Identifies AB=CD harmonic patterns automatically
- Displays 1:1, 1.272, 1.618 extension targets
- Target Levels
- TP1/TP2/TP3 auto-displayed after D completion
- Entry and Stop levels included
- Visual Display
- Active pattern: Colored solid lines
- Completed pattern: Changes to dashed lines
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Watch for reversal at D point completion
- Bullish AB=CD โ Expect downward move at D
- Bearish AB=CD โ Expect upward move at D
- 1:1 ratio is most reliable and frequent
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Higher reliability when ratio completes with reversal signal
- Bat, Gartley, Crab patterns also consist of AB=CD combinations
- Confluence with S/R levels increases reliability
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.