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dandrideng
Dec 30, 2022 8:05 AM

Multi-timeframe Harmonic Patterns 

BINANCE:BTCUSDT.P30
Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

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Hello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns. Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one of the indicators widely used by professional traders.

(1) Indicator description
  • This indicator is built on ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue . Thanks to LonesomeTheBlue for contributing the awesome indicator
  • The indicator supports 6 different timeframes, and 25 different harmonic patterns
  • This indicator supports indicating key indicator prices: entry price, stop loss price, and two take profit prices


(2) Key parameters
  • timeframe resolution: The timeframe of the harmonic pattern
  • pivot high/low source: Calculation method of high/low pivot points
  • timeframe pivot period: Minimum period of high/low pivot points
  • delay for confirmations: Wait for N candles to confirm the chart pattern
  • bullish/bearish colors: Bullish/bearish pattern colors
  • enable harmonic patterns: Enable current harmonic patterns
  • show harmonic patterns: Show harmonic patterns found
  • show trading prices of patterns: Show key prices of harmonic patterns


(3) Supported Patterns:
  • Gartlay
  • Cypher
  • Bat
  • Deepcrab
  • Crab
  • Butterfly
  • Shark
  • 0-5
  • AB=CD
  • 3-Drives
  • Anti-Gartlay
  • Anti-Cypher
  • Anti-Bat
  • Anti-Crab
  • Anti-Butterfly
  • Anti-Shark
  • Black-Swan
  • White-Swan
  • Descending-Triangle
  • Ascending-Triangle
  • Symmetrical-Triangle
  • Headers&Shoulders
  • Inverse-Headers&Shoulders
  • Double-Top
  • Double-Bottom


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各位朋友大家好。最近几个月我忙于自己的学术研究没有过多时间更新脚本。为弥补这几个月的空缺，我决定发布该多时间周期的谐波指标。谐波技术图表形态在一定程度上可以预测下一个价格走势，为交易者提供价格方向的线索，是广大专业交易人员广泛使用的指标之一。

(1) 指标说明
  • 该指标建立于 ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue ，感谢LonesomeTheBlue贡献的出色指标
  • 该指标支持6种不同的时间周期，以及25种不同的谐波形态
  • 该指标支持指示关键的指标价格：入场价格、止损价格、以及两种止盈价格


(2) 关键参数
  • timeframe resolution: 谐波形态的时间周期
  • pivot high/low source: 高/低枢纽点的计算方式
  • timeframe pivot period: 高/低枢纽点的最小周期
  • delay for confirmations: 等待N个蜡烛以确认图表形态
  • bullish/bearish colors: 看涨/看跌的形态颜色
  • enable harmonic patterns: 使能当前的谐波形态
  • show harmonic patterns: 显示被发现的谐波形态
  • show trading prices of patterns: 显示谐波形态的关键价格


(3) 支持形态:
  • Gartlay
  • Cypher
  • Bat
  • Deepcrab
  • Crab
  • Butterfly
  • Shark
  • 0-5
  • AB=CD
  • 3-Drives
  • Anti-Gartlay
  • Anti-Cypher
  • Anti-Bat
  • Anti-Crab
  • Anti-Butterfly
  • Anti-Shark
  • Black-Swan
  • White-Swan
  • Descending-Triangle
  • Ascending-Triangle
  • Symmetrical-Triangle
  • Headers&Shoulders
  • Inverse-Headers&Shoulders
  • Double-Top
  • Double-Bottom
Chart patternsHarmonic Patternsmultitimeframemulti-timeframeharmonicpatterns
Comments
Ldog_McG
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Thank you so much, this tool is awesome. I'm not familiar with pine editor, is there a way to create alerts when a pattern is identified?
RozaniGhani-RG
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Good job. Keep it up!
RozaniGhani-RG
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What is the difference between Enable Harmonic Patterns and Show Harmonic Patterns ?
Herif
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Congrulations. Very good effort.
Trendoscope
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Really good attempt. Lots of room for improvements. Keep up the good work.
dandrideng
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@HeWhoMustNotBeNamed, thank you, sir :)
Indyan
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Thanks for ur such wonderful open source indicator. I am just trying it and getting few errors. fisrt is "Pine cannot determine the referencing length of a series. Try using max_bars_back' error"
another one is "Too many drawings, cannot clean oldest"

Also i request you to give option to change error percentage or ratios. Also if possible manually defining targets and stop loss would be great. like target would be from XD 50% or 60% like that.
I hope it would be going to be best harmonic open source indicator in coming days.
Thanks
dandrideng
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@Indyan, Thank you for your suggestions, these improvements will be incorporated in future releases
Indyan
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@dandrideng, Could you please add 1.13 in bat and Shark XD ratio . 1.13 is ALT SHARK and ALT BAT PRZ rest all ratio remain same , instead of 886 XD in ALT bat and shark are 1.13.I am still trying it to use it best way like changing the timeframe pivot with higher number.
You made an awesome script in just one go without import library. Hats off to u and ur great work.
Thanks
arturrox
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Very nice so far. Of course we could use alerts but that's not a complaint. Great job!
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