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Harmonic Patterns

Auto Harmonic Pattern - Extreme [Trendoscope]Publishing free to use scripts always brought me more value - be it in terms of more followers, or helped me to engage with people having right ideas. This has helped me immensely over past few years of my presence in tradingview. To all the coders out there who is starting to work on pinescript - my suggestion is to publish as many open source/free to use scripts as possible. It will always be rewarding experience and help you grow in a way you can never imagine. Today, I realised that I have accumulated 10,000+ followers in tradingview just by learning and publishing what I learn. As token of gratitude to all our followers and supporters, we would like to gift this indicator. This is also tribute to all the people who have positively influenced our presence in tradingview and encouraged us to reach this level. Unfortunately cannot publish it as open source due to having proprietary code in it and fear of being misused. I will not talk about the subject harmonic patterns as it is very generic and information is available online in many places. You can also refer to my open source libraries and scripts related to harmonic patterns. Some of them are here: Libraries eHarmonicpatternsExtended eHarmonicpatterns harmonicpatterns Indicators Harmonic-Patterns-Custom-Candles Manual-Harmonic-Patterns-With-interactive-inputs Manual-Harmonic-Projections-With-interactive-inputs Auto-Harmonic-Patterns-V2 There are few more among open source and free scripts. But, will not mention them here as they are deprecated. Now coming to the present indicator. Setting are made simpler to enhance usability. This can also help new traders learning harmonic patterns. Snapshot of the settings can be found here: Components of the script are as below Please note, I may not be able to make any further update to this script. But, I promise never to degrade or reduce the quality of any free to use or open source script I ever published.
Pine Script™ indicator
by Trendoscope
214
Harmonic Pattern Detection, Prediction, and Backtesting ToolOverview: The ultimate harmonic XABCD pattern identification, prediction, and backtesting system. Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.   -  Identification   -  An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details). -  Prediction  - After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc). -  Backtesting  - A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.  //------------------------------------------------------ // Scoring //------------------------------------------------------ A percentage-based score is calculated from four components: (1)  Retracement % Accuracy   -  this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive. (2)  PRZ Level Confluence   -  Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.  (3)  Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal. (4)  Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive. So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day. Calculation weights of all four components can be changed in Settings. //------------------------------------------------------ // Targets //------------------------------------------------------ A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually: (1)  .618 XA  =  .618 retracement of leg XA, measured from point D (2)  1.272 XA  =  1.272 retracement of leg XA, measured from point D (3)  1.618 XA  =  1.618 retracement of leg XA, measured from point D (4)  .618 CD  =  .618 retracement of leg CD, measured from point D (5)  1.272 CD  =  1.272 retracement of leg CD, measured from point D (6)  1.618 CD  =  1.618 retracement of leg CD, measured from point D (7)  A = point A (8)  B = point B (9)  C = point C //------------------------------------------------------ // Stops //------------------------------------------------------ Stop-loss levels are also user-defined, in one of three ways: (1)   % beyond the furthest PRZ level (below the PRZ level for bullish patterns, and above for bearish) (2)  % beyond point D (3)  % of distance to Target 1, beyond point D. This method allows for a proper Risk:Reward approach by defining your potential losses as a percentage of the potential gains. This is the default. //------------------------------------------------------ // Results Table / Backtesting Statistics //------------------------------------------------------ To properly assess the effectiveness of a specific pattern type, a time limit is enforced for a completed pattern to reach the targets or the stop level. When this time limit expires, the pattern has "timed out", and is no longer considered in the Success Rate statistics. During the time limit period, if price reaches Target 1 before reaching the Stop level, the pattern is considered successful. Conversely, if price reaches the Stop level before reaching Target 1, the pattern is considered a failure. The time limit can be changed in Settings, and is defined in terms of the total pattern length (point X to point D). It is set to 1.5 by default. Increasing the time limit value will give you more realistic Success Rate values, but will less accurately represent the success rate of the harmonic patterns (i.e. the more time that elapses after a pattern completes, the less likely it is that the price action is related to that pattern). //------------------------------------------------------ // Coming soon... //------------------------------------------------------ I have a handful of other features in development, including: (1)  Drawing incomplete patterns as they develop. This will allow you more time to plan entries and stops, or potentially trade reversals from point C to point D PRZ levels. (2)  Support for the Shark and Cypher patterns (3)  Alerts Please report any bugs, runtime errors, other issues or enhancement suggestions. I also welcome any feedback from experienced harmonic pattern traders, especially regarding your strategy for setting targets and stop-losses. @reees
Pine Script™ indicator
by reees
498
ABC 123 Harmonic Ratio Custom Range Interactive█ OVERVIEW This indicator was designed based on Harmonic Trading : Volume One written by Scott Carney. This is about harmonic ratios which expanded through retracement and projection. Derivation is pretty much explained here such as Primary, Primary Derivation, Secondary Derivation and Secondary Derivation Extreme. Derivation value depends on minimum retracement or maximum projection. This derivation value utilize Fibonacci value which later expand to Harmonic Ratio. █ INSPIRATION Inspired by design, code and usage of CAGR . Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView. This build is based and visualized upon Harmonic Trading Ratios. This build also was stripped down from XABCD Harmonic Pattern Custom Range Interactive . █ CREDITS Scott Carney, Harmonic Trading : Volume One (Page 18) █ FEATURES Table can positioned by any position and font size can be resized. Labels can be either changed to alphabets or numbers. █ HOW TO USE Draw points from Point A to Point C. Dont worry about magnet, point will attached depends on High or Low of the candle. █ USAGE / TIPS EXAMPLES (Description explained in each image)
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Pine Script™ indicator
by RozaniGhani-RG
6
Astro | Angular Distance | θAstro | Angular Distance | θ Also known as Angular Separation , Apparent Distance , or Apparent Separation is the angle between the two sightlines, or between two point objects as viewed from an observer, in our case we can use it as Geocentric/Heliocentric prospective calculated from a combination of some trigonometry functions We can use it to calculate the Angular Distance between two planets. How to use it: - 1st Ascension : The Right Ascension of the first object expressed in degrees. - 1st Declination : The Declination of the first object expressed in degrees. - 2nd Ascension : The Right Ascension of the second object expressed in degrees. - 2nd Declination : The Declination of the second object expressed in degrees. The result ll'be returned near the table "Angulare Distance" and all the values entered will be plotted on the table in top-right position of the screen.
Pine Script™ indicator
by Siruts
FxCanli Harmonic SniperEN - TradingView FxCanli HARMONIC SNIPER indicator can draw 9 different patterns on your charts and also give alerts when any pattern triggered, hit Stop and TP levels. TR - TradingView FxCanlı HARMONIC SNIPER İndikatörü , grafiklerinizde 9 ayrı formasyonu çizer ve Formasyon aktif olduğunda ve Hedef / Stop seviyelerine ulaştığında alarm verir. PATTERNS / FORMASYONLAR * Gartley * Bat * Butterfly * Crab * Cypher * AB=CD * Libra * PRJ * 2618 FEATURES & EXAMPLES / ÖZELLİKLER & ÖRNEKLER ************************************************************** Multi Language / Çok Dil EN - You can get alerts in English or Turkish language TR - Alarmları İngilizce veya Türkçe olarak alabilirsiniz. Wave Type / Dalga Tipi EN - You can choose the wave types, Small or Medium or Small+Medium TR- Dalga tipini seçebilirsiniz. Small veya Medium veya Small+Medium Pattern Number / Formasyon Sayısı EN - As a default it shows one Bullish and one Bearish pattern, you can set it 2 or more and also you may just want it to show just Bullish or Bearish Patterns TR - Varsayılan olarak bir Boğa ve bir Ayı formasyonu gösterir, 2 veya daha fazla olarak da ayarlayabilirsiniz ve ayrıca sadece Boğa veya Ayı Formasyonu göstermesini isteyebilirsiniz. Pattern and Trade Levels Settings / Formasyon ve İşlem Seviyeleri Ayarları EN - You can set size, color, line type of any trade levels. Also you can choose to show the name and price of the patterns and trade levels. TR - Herhangi bir işlem seviyesinin boyutunu, rengini, çizgi türünü belirleyebilirsiniz. Ayrıca Formasyonların ve işlem seviyelerinin adını ve fiyatını göstermeyi seçebilirsiniz. Backtest / Geriye Dönük Test EN - You can make backtest of any pattern TR - Herhangi bir formasyonun geriye dönük testini yapabilirsiniz
Pine Script™ indicator
by FxCanli
49
mess JBI have made an all in one powerful script. It contains all meme lines(Moving average, Ema, Dema, Vwma, Hma) In general, orange color means negative and white means positive. But you can very easily customize the colors according to your need and enable and disable any meme line. Dots represent change of price action, although it works on every time frame but I have got best results on 15minute and 4hour Time Frame. Cross represent change in volume. Now that's the most powerful thing, I have picked time segmented oscillator and changed the cod to represent Volume change. To take a better note of market, Start from Bigger Time frames. This indicator predicted every move Perfectly. Enjoy
Pine Script™ indicator
by Jatin_bedi
3
Cup & HandleHi, here is my take on 'Cup & Handle' Pivot Points - ph  (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted afterwards) If it doesn't, and the '% max breaks' are not breached, 2 circle shaped lines are drawn (Top & Bottom line of the cup) which forms the Cup, together with the Handle. The red box (Handle) is the maximum 33-50% retracement (% of cup height) -> Only the latest pattern is shown, enabling 'Show Cup labels' shows the position of cup patterns in history. They can be visualised by using 'Bar Replay' '% max breaks' -> 'maximum highs/lows breaking through the Top/Bottom line (% of bars between left & right extreme points of the Cup) Settings: - 'Left', 'Right' -> regulates Pivot Point values - 'PP back' -> max lookback for Pivot High More explanation can be found in following print screens, or by checking the tooltips in the settings Cheers!
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Pine Script™ indicator
by fikira
65
All Indicators in one ( RSI - SMA - STOCH - MACD - ADX - MFI )This Indicator will improve your Chart reading as it display most of the common used Indicators in a table with colored Background changes depend on the status of the indicator . What indicators does this script have ? RSI Multi timeframes (Chart RSI - 15m - 1h - 4h ) SMA ( 5 - 10 - 20 - 50 ) Stochastic MACD ADX MFI all of the above indicators will show in a table , table cell will change in color ( green or red ) depend on the status of the indicators Green and red table status : For the RSI If RSI is above RSI MA = Green which indicate - up trend if not then its RED which indicate down trend ----------- For SMA if Price above SMA = Green which indicate - up trend if not then its RED which indicate down trend also SMA 50 when price is above it , it changes its color to green if price is under SMA 50 , it will be red ----------------------- For Stochastic : if K > D and ks < 90 = Green which indicate - up trend if not then its RED which indicate down trend ----------------------- For MACD if MACD is above signal and MACD is bigger than 0.000 = Green which indicate - up trend if not then its RED which indicate down trend ----------------------- For ADX if ADX> 20 and plus > minus = Green which indicate - up trend if not then its RED which indicate down trend ----------------------- For MFi if MFi > 75 = Overbought which indicate - a dump could happen if MFi < 20= Oversold which indicate - a pump could happen if MFI < 50 and > 20 = Bearish Range which indicate - price is going down if MFI > 50 and < 75 = Bullish Range which indicate - price is going UP also added a feature whenever the price cross the 50 SMA it will show you the lowest price from the 10 Previous candles , could be used as a stoploss ** All settings can be adjusted to your needs
Pine Script™ indicator
by TZack88
25
Impactful pattern and candles pattern AlertThe Alertion indicator! impactful pattern: pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price. It is helpful for price action traders and those who want to decrease their risk. There are 3 IP patterns: Quasimodo Head and shoulder whipsaw engulfing These patterns may occur near the zone or may not occur but by them, you can decrease your trading risk for example you can trade with half lot before IP pattern and enter with other half after pattern. how to use? for example: you find zone at 1h timeframe for short position when price enter to your zone you run this indicator and choose your lower timeframe, for example 15m and click on short position. Then make the alert by right-click on your chart and choose the add alert and at condition box choose the impactful pattern and then click on create now wait for message :) Candles pattern: like reversal bar, key reversal bar, exhaustion bar, pin bar, two-bar reversal, tree-bar reversal, inside bar, outside bar these occur when the trend turn, so it is usable when the price enter to your zone or near your zone. This pattern can decrease your risk. Inside bar and outside bar: if this pattern engulf up, it is bullish pattern and if engulf down, it is bearish pattern. what does this indicator do? this indicator is for making alert it helps you to decrease your risk and failure. You optimize it to alert you when IP pattern happen or candle pattern happen or inside bar or outside bar engulfing or all of them. For IP pattern, it will message you entry and stop limit price. It works at 2 different timeframes, so you can make alert for example in 1h TF for candles pattern and 15m TF for IP pattern. Indicator will alert you for candles pattern at your chart timeframe and for IP pattern at timeframe you've chosen when you run the indicator, and it is changeable in setting. setting options TIMEFRAME IP: select the timeframe for IP patterns it means when IP pattern happen at that timeframe the indicator will alert you example = your TF is 1h, you found the supply zone and want to trade, note that IP pattern happen in lower TF, so you select 15m TF or TF lower than 1h. Short position: select it if you want to make short position. BUFFERING indicator send you entry and stop limit price you can change it by amount of percent it is your strategy to change your entry and stop loss or not example= in head and shoulder pattern at short position, the stop limit is high price of head in pattern so the indicator will message you the exact price but if you want to put your stop limit 5 percent upper than exact price you can enter 5 in front of stop loss or you want to enter 5 percent lower than exact high price of shoulder, you can optimize it. ALERTION you choose what alert you want IP alert or candle alert or inside and outside bar alert type your text for alert you can write additional text for your message ADVANCE IP alert frequency option: 1. Once per bar : indicator will alert you for IP pattern once at your chat timeframe bar, and you should wait til next bar for next alert. 2. Once per bar close : alert you when your chart timeframe bar closed and next alert will happen when next bar is closed. 3. All: alert you all the times IP pattern happen pivot left and right bars: lower will find smaller pattern at the END: this indicator is not strategy it is part of your strategy that help you to increase your winning rate. It is helpful for scalping and candle patterns finding. After you make an alert, you can delete the indicator or change your timeframe or make another alert, your previous alert won’t change. Thank you all.
Pine Script™ indicator
by erfan_abedi
1
Fourier Extrapolator of Price w/ Projection Forecast [Loxx]Due to popular demand, I'm pusblishing Fourier Extrapolator of Price w/ Projection Forecast.. As stated in it's twin indicator, this one is also multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by: xi = m + Sum( a*Cos(w*i) + b*Sin(w*i), h=1..H ) Where: xi - past price at i-th bar, total n past prices; m - bias; a and b - scaling coefficients of harmonics; w - frequency of a harmonic ; h - harmonic number; H - total number of fitted harmonics. Fitting this model means finding m, a, b, and w that make the modeled values to be close to real values. Finding the harmonic frequencies w is the most difficult part of fitting a trigonometric model. In the case of a Fourier series, these frequencies are set at 2*pi*h/n. But, the Fourier series extrapolation means simply repeating the n past prices into the future. This indicator uses the Quinn-Fernandes algorithm to find the harmonic frequencies. It fits harmonics of the trigonometric series one by one until the specified total number of harmonics H is reached. After fitting a new harmonic , the coded algorithm computes the residue between the updated model and the real values and fits a new harmonic to the residue. see here: A Fast Efficient Technique for the Estimation of Frequency , B. G. Quinn and J. M. Fernandes, Biometrika, Vol. 78, No. 3 (Sep., 1991), pp . 489-497 (9 pages) Published By: Oxford University Press The indicator has the following input parameters: src - input source npast - number of past bars, to which trigonometric series is fitted; Nfut - number of predicted future bars; nharm - total number of harmonics in model; frqtol - tolerance of frequency calculations. The indicator plots two curves: the green/red curve indicates modeled past values and the yellow/fuchsia curve indicates the modeled future values. The purpose of this indicator is to showcase the Fourier Extrapolator method to be used in future indicators.
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Pine Script™ indicator
by loxx
58
Fourier Extrapolator of Price [Loxx]Fourier Extrapolator of Price is a multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by: xi = m + Sum( a *Cos(w *i) + b *Sin(w *i), h=1..H ) Where: xi - past price at i-th bar, total n past prices; m - bias; a and b - scaling coefficients of harmonics; w - frequency of a harmonic; h - harmonic number; H - total number of fitted harmonics. Fitting this model means finding m, a , b , and w that make the modeled values to be close to real values. Finding the harmonic frequencies w is the most difficult part of fitting a trigonometric model. In the case of a Fourier series, these frequencies are set at 2*pi*h/n. But, the Fourier series extrapolation means simply repeating the n past prices into the future. This indicator uses the Quinn-Fernandes algorithm to find the harmonic frequencies. It fits harmonics of the trigonometric series one by one until the specified total number of harmonics H is reached. After fitting a new harmonic, the coded algorithm computes the residue between the updated model and the real values and fits a new harmonic to the residue. see here: A Fast Efficient Technique for the Estimation of Frequency , B. G. Quinn and J. M. Fernandes, Biometrika, Vol. 78, No. 3 (Sep., 1991), pp. 489-497 (9 pages) Published By: Oxford University Press The indicator has the following input parameters: src - input source npast - number of past bars, to which trigonometric series is fitted; nharm - total number of harmonics in model; frqtol - tolerance of frequency calculations. The indicator plots the modeled past values The purpose of this indicator is to showcase the Fourier Extrapolator method to be used in future indicators. While this method can also prediction future price movements, for our purpose here we will avoid doing.
Pine Script™ indicator
by loxx
4
Regression Channel Alternative MTF█ OVERVIEW This indicator displays 3 timeframes of parallel channel using linear regression calculation to assist manual drawing of chart patterns. This indicator is not true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper. The timeframe scenarios are defined based on Position, Swing and Intraday Trader. █ INSPIRATIONS These timeframe scenarios are defined based on Harmonic Trading : Volume Three written by Scott M Carney. By applying channel on each timeframe, MW or ABCD patterns can be easily identified manually. This can also be applied on other chart patterns. █ CREDITS Scott M Carney, Harmonic Trading : Volume Three (Reaction vs. Reversal) █ TIMEFRAME EXPLAINED Higher / Distal : The (next) longer or larger comparative timeframe after primary pattern has been identified. Primary / Clear : Timeframe that possess the clearest pattern structure. Lower / Proximate : The (next) shorter timeframe after primary pattern has been identified. Lowest : Check primary timeframe as main reference. █ EXAMPLE OF USAGE / EXPLAINATION
Pine Script™ indicator
by RozaniGhani-RG
19
HarmonicCalculation█ OVERVIEW This library is complementary for XABCD Harmonic Pattern Custom Range Interactive PriceDiff()   : Price Difference   Parameters:      : : price_1, price_2   Returns: : PriceDiff TimeDiff()   : Time Difference   Parameters:      : : time_1, time_2   Returns: : TimeDiff ReturnIndexOf3Arrays()   : Return Index Of 3 Arrays   Parameters:      : : id1, id2, id3, _int   Returns: : ReturnIndexOf3Arrays AbsoluteRange()   : Price Difference   Parameters:      : : price, y, point   Returns: : AbsoluteRange PriceAverage()   : To calculate average of 2 prices   Parameters:      : : price_1, price_2   Returns: : PriceAverage TimeAverage()   : To calculate average of 2 times   Parameters:      : : time_1, time_2   Returns: : TimeAverage StringBool()   : To show ratio in 3 decimals format   Parameters:      : : _value, _bool, _text   Returns: : StringBool PricePercent()   : To show Price in percent format   Parameters:      : : _price, PriceRef, str_dir   Returns: : PricePercent BoolCurrency()   : To show syminfo.currency   Parameters:      : : _bool   Returns: : BoolCurrency RatioText()   : To show RatioText in 3 decimals format   Parameters:      : : _value, _text   Returns: : RatioText RangeText()   : To display RangeText in Harmonic Range Format   Parameters:      : : _id1, _id2, _int, _text   Returns: : RangeText PriceCurrency()   : To show Currency in Price Format   Parameters:      : : _bool, _value   Returns: : PriceCurrency
Pine Script™ library
by RozaniGhani-RG
1
Hyper Bot | Self Optimizing Buy & SellThis strategy primarily uses Bollinger Bands with custom improvements and alterations in entry exit signals which i have learned over the past years. How to use? Visit strategy settings. You will see checkboxes before all options, meaning they can be turned ON and OFF. For "Long SL %" to work, the "LONG" should be enabled aswell. If Long is not enabled, changing numbers in "Long SL%" won't make any difference. Likewise if you want to test take profit, then either long or short or both should be enabled with "TP Long%" or "TP Short%" This wide customization is being provided for you to be able to test all possible variations and choose whichever best is working for you. Play around with the numbers of SL% and TP% and find best ones that work for you in terms of drawdown, risk to profit etc. Commission 0.1% by default is included, if however your commissions are lower, please change them to get better results. This strategy is mainly optimized for Cryptocurrencies, however if you wish to use for indices and commodities please DM me, i will provide customization services. Enjoy! © Copyright 2022 "M Tahreem Alam"
Pine Script™ strategy
by mtahreemalam
13
Wolfe Scanner (Multi - zigzag) [HeWhoMustNotBeNamed]Before getting into the script, I would like to explain bit of history around this project. Wolfe was in the back of my mind for some time and I had several attempts so far. 🎯Initial Attempt When I first developed harmonic patterns, I got many requests from users to develop script to automatically detect Wolfe formation. I thought it would be easy and started boasting everywhere that I am going to attempt this next. However I miserably failed that time and started realising it is not as simple as I thought it would be. I started with Wolfe in mind. But, ran into issues with loops. Soon figured out that finding and drawing wedge is more trickier. I decided will explore trendline first so that it can help find wedge better. Soon, the project turned into something else and resulted in Auto-TrendLines-HeWhoMustNotBeNamed and Wolfe left forgotten. 🎯Using predefined ratios Wolfe also has predefined fib ratios which we can use to calculate the formation. But, upon initial development, it did not convince me that it matches visual inspection of Wolfe all the time. Hence, I decided to fall back on finding wedge first. 🎯 Further exploration in finding wedge This attempt was not too bad. I did not try to jump into Wolfe and nor I bragged anywhere about attempting anything of this sort. My target this time was to find how to derive wedge. I knew then that if I manage to calculate wedge in efficient way, it can help further in finding Wolfe. While doing that, ended up deriving Wedge-and-Flag-Finder-Multi-zigzag - which is not a bad outcome. I got few reminders on Wolfe after this both in comments and in PM. 🎯You never fail until you stop trying!! After 2 back to back hectic 50hr work weeks + other commitments, I thought I will spend some time on this. Took less than half weekend and here we are. I was surprised how much little time it took in this attempt. But, the plan was running in my subconscious for several weeks or even months. Last two days were just putting these plans into an action. Now, let's discuss about the script. 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: Converging trendline forms the stop loss whereas line joining pivots 1 and 4 form the profit taking points. 🎲 Settings Settings are pretty straightforward. Explained in the chart below.
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Pine Script™ indicator
by Trendoscope
113
Harmonic Pattern Possibility Table█ OVERVIEW This indicator was intended as educational purpose only based on Harmonic Pattern Table (Source Code) and Ratio For Harmonic Points to show Harmonic Pattern Possibility. █ INSPIRATION This indicator was build upon realizing there are some overlap for B = XA among Alternate Bat, Bat, Crab and Gartley. Hence, the values split up to showcase the possibility of non overlap ratio. █ USAGE Possible pattern, priority pattern and selected pattern may differs based value input. Therefore C = AB, D = BC, D = XA and Stop Loss will change based value input and also selected pattern. █ CREDITS Credit to Scott M Carney, Harmonic Trading Volume 3: Reaction vs. Reversal.
Pine Script™ indicator
by RozaniGhani-RG
2
Fractal Basic Chart Patterns [MyTradingCoder]This script is something that I made a long time ago in my early days of learning Pine. It is not in development anymore but has some unique and impressive utility that will help the community. This script will fractally identify chart patterns(iH&S,H&S,W,M) on any chart and timeframe. Most scripts have limitations that make the user have to adjust various parameters to get the desired result to show up on the chart. Lower input values may show smaller patterns, whereas vise versa, higher input values may show larger patterns, but you never seem to get the best of both worlds with these types of scripts. Some users may appreciate the vast majority of input parameters that most scripts provide, but others like myself may find it restrictive and annoying, as you wont get large patterns AND small patterns simultaneously. All details needed to understand how to use the script are listed below. I will be creating new and well written scripts in the near future moving forward to help the community as best as I can, and just wanted to make it clear that this particular script is just something that I had on the backburner from a very long time ago, before I was a "Pinescript Maven" :) Enjoy! Available Patterns: - W Pattern - M Pattern - Head and Shoulders Pattern - Inverse Head and Shoulder Pattern Customizable inputs: - Option to specify minimum bars required to consider a pattern.(Can be helpful if you don't want to see lower timeframe patterns, as some may not look like patterns, but if you drop the timeframe and go to the same time, there will be a pattern there on a lower scale) - Boolean Inputs to Enable/Disable Certain Patterns Available Alert Options: - W Pattern Alert - M Pattern Alert - H&S Pattern Alert - iH&S Pattern Alert User Manual: - Patterns will be drawn/detected/finalized on the bar close when the neckline is broken - Green/Red lines represent the historical structure used to identify each pattern - Blue dashed lines represent the projected price action based on the pattern completing - Alerts/Indicator will not repaint(Can use 'once per bar' or 'once per bar close' and behavior will be identical. Code is optimized.) - May have trouble on assets with daily/weekend time gaps with the projected price action dashed line due to time being used as the xloc. If this becomes a problem, leave a comment below and I will consider bringing this back into development and convert to bar_index as xloc to fix the issue. - Patterns can be all shapes and sizes, hence the beauty of this indicator - Leave a comment below for any questions or requests and give the indicator a like if you find it useful
Pine Script™ indicator
by MyTradingCoder
10
FxCanli ZigZagEN - You can spot current trend and lots of patterns with FxCanli ZigZag indicator EASLY TR - FxCanli ZigZag indikatörü mevcut trendi ve birçok formasyonu KOLAYCA bulmanızda size yardımcı olacaktır. Harmonic Patterns / Harmonik Formasyonları Elliott Wave / Elliott Dalgaları AB=CD Pattern / AB=CD Formasyonu EN - By activating the lower timeframe from the settings, you can see the lower timeframe waves. TR - Ayarlardan alt zaman dilimini aktif ederek, alt zaman dilimi dalgalarını görebilirsiniz. EN - By activating the higher timeframe from the settings, you can see the higher timeframe waves. TR - Ayarlardan üst zaman dilimini aktif ederek, üst zaman dilimi dalgalarını görebilirsiniz.
Pine Script™ indicator
by FxCanli
69