This indicator automatically detects and draws harmonic patterns.
For each Fibonacci ratio in Scott Carney's basic harmonic pattern, you can easily find it by Googling.
Here, we have added a certain allowable range to point b of the xabcd type patterns as shown below.
- Deep Crab : 0.886 + 5% (no minus range)
- Alternate Bat : 0.382 - 3% (no plus range)
Reinforcement of PRZ(d) zone marking
Current trend line
Real-time position adjustment of the PRZ(d) zone according to the current trend
Fibonacci retracement displayed when zone PRZ(d) is achieved
Correction of previous highs and previous lows of the trend line finding PRZ
Separation of completed harmonic model and expected harmonic model...
We need to make things better & better to solve the puzzle and I try to do my best on this way for the community. now I am here with my Harmonic Patterns Pro script.
Harmonic Pattern recognition is the basic and primary ability any trader develops in technical analysis. Harmonic pattern recognition takes extensive practice and repetitive...
This is a automatic scanner for well know patterns like Head and Shoulder to get started. I'm planning to add more patterns in the near future. It works as follows:
1. Is going to plot the pattern on the chart, lines in blue
2. Is going to show you the long entry or short entry bar, red or green triangles
3. It is possible to get an alert when there is a...
Simple Divergence Indicator built specifically for the Quick-Fire Strategy, but can be used to compliment any strategy and/or timeframe. Please learn what divergence is and how to chart on your own before using. Thank you.