Get started

Harmonic Patterns

Multi ZigZag Harmonic PatternsCombining Multizigzag with harmonic patterns - this script generates harmonic patterns based on multiple deapth zigzags. Input parameter allows to chose which Zigzag to be included in pattern identification and set different length, line color, width and style for each Zigzag combinations. Pattern rules are as below: Gartley xab = 0.618 0.382 <= abc <= 0.886 1.272 <= bcd <= 1.618 OR xad = 0.786 Crab 0.382 <= xab <= 0.618 0.382 <= abc <= 0.886 2.24 <= bcd <= 3.618 OR xad = 1.618 Deep Crab xab = 0.886 0.382 <= abc <= 0.886 2.0 <= bcd <= 3.618 OR xad = 1.618 Bat 0.382 <= xab <= 0.50 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR xad = 0.886 Butterfly xab = 0.786 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR 1.272 <= xad <= 2.618 Shark xab = 0.786 1.13 <= abc <= 1.618 1.618 <= bcd <= 2.24 OR 0.886 <= xad <= 1.13 Cypher 0.382 <= xab <= 0.618 1.13 <= abc <= 1.414 1.272 <= bcd <= 2.0 OR xad = 0.786 Three Drives oxa = 0.618 1.27 <= xab <= 1.618 abc = 0.618 1.27 <= bcd <= 1.618 5-0 1.13 <= xab <= 1.618 1.618 <= abc <= 2.24 bcd = 0.5 Related scripts are present here:
Editors' picks
Pine Script™ indicator
by Trendoscope
114
Auto Harmonic Patterns - Open SourceI may not be able to spend much time on the harmonic patterns and realized that there are not much open source scripts on them either. Hence, decided to release open source version which can be used by other developers for reference and build things on top of it. Original script is protected and can be found here: Logical ratios of patterns are coded as below: Notations: Lines XABCD forms the pattern in all cases. (OXABCD in case of Three drives ) abc = BC retacement of AB, xab = AB retracement of XA and so on ABCD Classic 0.618 <= abc <= 0.786 1.272 <= bcd <= 1.618 AB=CD Price difference between AB and CD are equal Time difference between AB and CD are equal ABCD Extension 0.618 <= abc <= 0.786 1.272 <= AD/ BC (price) <= 1.618 Gartley xab = 0.618 0.382 <= abc <= 0.886 1.272 <= bcd <= 1.618 OR xad = 0.786 Crab 0.382 <= xab <= 0.618 0.382 <= abc <= 0.886 2.24 <= bcd <= 3.618 OR xad = 1.618 Deep Crab xab = 0.886 0.382 <= abc <= 0.886 2.0 <= bcd <= 3.618 OR xad = 1.618 Bat 0.382 <= xab <= 0.50 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR xad = 0.886 Butterfly xab = 0.786 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR 1.272 <= xad <= 2.618 Shark xab = 0.786 1.13 <= abc <= 1.618 1.618 <= bcd <= 2.24 OR 0.886 <= xad <= 1.13 Cypher 0.382 <= xab <= 0.618 1.13 <= abc <= 1.414 1.272 <= bcd <= 2.0 OR xad = 0.786 Three Drives oxa = 0.618 1.27 <= xab <= 1.618 abc = 0.618 1.27 <= bcd <= 1.618 5-0 1.13 <= xab <= 1.618 1.618 <= abc <= 2.24 bcd = 0.5 This script contains everything which original script has apart from stats. Use the original script if you are not developer looking for code reference and prefer having stats table. I have also developed a strategy based on harmonic patterns which can be found here:
Pine Script™ indicator
by Trendoscope
56
Auto Harmonic PatternsThis is my first attempt on plotting harmonic patterns based on zigzag. Initial version is still primitive and might need lot of time to mature into more formidable one. Will try to explain entire logic in the description. Please feel free to correct me if my understanding of any pattern and underlying logic is incorrect. In the initial version, Only immediate high lows of pivots are considered for calculation of patterns. In case of ABCD Types, only one is shown at a time. Hence, disabling certain ABCD pattern types may result in different numbers. Logic for double top/bottom is taken from previous script - Double top/bottom Ultimate . Though logic of confirmation and invalidation is not included All other patterns which involve 4+ lines can coexist and often shown together. Smaller timeframes may give error due to some pine limitations. Error percent parameter is used for allowing minor deviation from the standard ratios. Logical ratios of patterns are coded as below: Notations: Lines XABCD forms the pattern in all cases. (OXABCD in case of Three drives) abc = BC retacement of AB, xab = AB retracement of XA and so on ABCD Classic 0.618 <= abc <= 0.786 1.272 <= bcd <= 1.618 AB=CD Price difference between AB and CD are equal Time difference between AB and CD are equal ABCD Extension 0.618 <= abc <= 0.786 1.272 <= AD/BC (price) <= 1.618 Gartley xab = 0.618 0.382 <= abc <= 0.886 1.272 <= bcd <= 1.618 OR xad = 0.786 Crab 0.382 <= xab <= 0.618 0.382 <= abc <= 0.886 2.24 <= bcd <= 3.618 OR xad = 1.618 Deep Crab xab = 0.886 0.382 <= abc <= 0.886 2.0 <= bcd <= 3.618 OR xad = 1.618 Bat 0.382 <= xab <= 0.50 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR xad = 0.886 Butterfly xab = 0.786 0.382 <= abc <= 0.886 1.618 <= bcd <= 2.618 OR 1.272 <= xad <= 2.618 Shark xab = 0.786 1.13 <= abc <= 1.618 1.618 <= bcd <= 2.24 OR 0.886 <= xad <= 1.13 Cypher 0.382 <= xab <= 0.618 1.13 <= abc <= 1.414 1.272 <= bcd <= 2.0 OR xad = 0.786 Three Drives oxa = 0.618 1.27 <= xab <= 1.618 abc = 0.618 1.27 <= bcd <= 1.618 5-0 1.13 <= xab <= 1.618 1.618 <= abc <= 2.24 bcd = 0.5
Pine Script™ indicator
by Trendoscope
24
Harmonic Patterns ProHello All, 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 exposure. in general chart patterns are categorized into “continuous” and “reversal” patterns. Harmonic patterns construct geometric pattern structures using Fibonacci sequences. These harmonic structures identified as specified harmonic patterns provide unique opportunities for traders, such as potential price movements and key turning or trend reversal points. This script is developed to find following patterns by using the options you set. I have to say that this is not a strategy and you should not use this script blindly, instead, I strongly recommend you to create your own strategy using this script with other tools/indicators, such moving averages, Support/Resistance levels, volume indicators, sentiment indicators etc. - Following Harmonic Patterns are available in this version: -->Gartley -->Butterfly -->Bat -->Crab -->Shark -->Cypher -->Alternate Bat -->Deep Crab -->5-0 -->3-Drive -->AB=CD -->Descending Triangle -->Ascending Triangle -->Symmetrical Triangle -->Double Top -->Double Bottom How the script works and finds harmonic patterns: - It uses zigzag like other harmonic pattern script but there is a difference. this scripts searches up to 200 bars, finds/creates up to 200 XABCD using zigzag waves and searches predefined harmonic patterns - It can find multiple harmonic patterns on a candles with different sizes and lengths - Each pattern is shown using its own color (you can set 8 different colors) - it shows Entry, Target1, Target2 and Stop-loss levels for each found Patterns - It shows pattern validation zones for each found pattern - it has all-in-one alerts. you set the alerts you want in the indicator options and you create only 1 alert for each symbol. - it has prediction future and it can show many predicted patterns at the same time, each predicted patterns validations zones are shown separately - While on real-time bar it searches and shows patterns for the visible area it has followng alerts: . these in all-in-one alerts. it means that you choose the alerts in the options and enables any of them and then create only one for each symbol. and you get eany alert you choose. (" Any alert() function call "). in this version "Any alert() function call" alert is only alert you can use, if I get some requests I can try to other alerts as well. New Pattern Found Pattern Updated Entered Position Reached Target Stop-loss Validation zone is calculated using XABC points any pattern by using Y-Axis error rate. so if you increase Y-Axis error rate then the script can find much more Harmonic patterns. X-Axis Error Rate is used for a few pattern such AB=CD for the distance of AB wave and CD wave. The script can show Recommended Entry, Target 1, Target 2 and stop-loss levels for each active patterns. of course you can use these levels or you can set your own levels. you can see the screenshot below. The script can show statistics panel. when statistic panel is enabled then no pattern is shown on the chart, the script shows ONLY statistics panel. This was done because of complexity of the script. If you enables Prediction then pattern checks all possible XABC formations in the last 200 bars and finds/shows predicted patterns if there is any. if you "replaying" then the script searches patterns only for last bar (if any update on zigzag on last bar), not for historical ones. you should take care while you use "Replay" feature of Tradingview Now lets see the options: Minimum ZigZag Period: this is minimum Zigzag Period to create new Zigzag wave. default value is 10 and minimum value is 4 Y-Axis Error Rate %: this is the error rate to create validation zones for each pattern, there is almost no perfect pattern, so we try to create a zone using error rate X-Axis Error Rate % : this is used for a few pattern (such AB=CD) to check wave lengths on time basis Minimum Pattern Length: This is Minimum Length for the Patterns to be searched. in Number of Bars Maximum Pattern Length : This is Maximum Lengths for the Patterns to be searched. in Number of Bars Max Number of XABCD to search: Maximum Number of ABCD to search pattern on each move, there are many possible XABCDs on the chart, this limitation is the number for how many of them will be searched Find Patterns for: is the option about taking position. there are three options: "Long and Short", "Only Long", "Only Short" Max Patterns on Each Bar: Maximum Number of Patterns that can be found on each bar, by default it's 3 Keep Pattern Until: you have two option "Target1" and "Target2". when a pattern found and if it reach any of these targets it is accepted as it's reached target and removed. this is also used inthe statictics panel! Show Recommended Entries & Targets: if enabled then the script can show "Recommended" Entry, target1, target2 and stop-loss leves. you can use these levels or you can use your own calculation for each pattern Entry = % of Target 2 : Entry Level for each pattern is calculated using the distance between D positon of the pattern and target 2. by default it's 16%, you can set it as you wish Entry&Target Line Style: you can set line style for entry/target/stop-loss levels Show Pattern Validation Zones: as explained above, for each pattern validation zone is created using error rate (Y-axis error rate). you can see it for each pattern Source for Invalidation: this source is used for validation zones. there is two options: Close or High/Low. this source is used while invalidated the pattern. by default it used "close" price as source Line Style: this is line style for validation zones, solid, dashed or dotted Pattern Prediction/Possible Patterns: if you enable this option then the script calculates/searches possbile patterns and shows their levels in a label if there is one or more Show Label & Zone: this is about how you want to see predictions, there are two choices: "Show Only Label", "Show Label & Zone" Show Statistics Panel : if you enable this option then the script starts searching all harmonic patterns from the first bar for the last bar and keeps statistics for all of them and the shows in a table. you can see screenshot below Panel Position: you can set panel location of statistics panel using this option Show Rates Between Waves: if you enable this option then rate between the waves are shown. by default it's enabled Keep Last Pattern on the Chart : if you enable this option then even if pattern is invalidated/reach target/stop-loss it stays on the chart until new pattern is found. by default it's enabled Line Style : line style for the last pattern on the chart Patterns to Search: you have options to enable/disable the patterns listed above to find&show, you can enable/disable any pattern in the list. by default all patterns are enabled except AB=CD pattern in the ALERTS menu you have many options to enable/disable the alerts you want. Alerts contain Symbol name, Pattern name, Direction as Long/Short, Recommended Entry, Targets, SL levels. - New Pattern Found - Pattern Updated - Entered Position - Reached Target - Stop-loss Show Zig Zag: if you want to see Zig Zag then you should enable this option, and you can set the colors for the Zig zag. by default it's disabled. and some other options for coloring and line styles of the patterns.. This is how XABCD points found using zigzag waves, I tried to explain it in the video below: Validation zones and Entry, Target1, Target2 and Stop-loss levels: Each pattern has its own color, you can see which levels, letters, lines etc belongs to which pattern: Pattern prediction: you can enable it and change its background color: How Statistics panel looks like. if there is active pattern then it's shown in different color in the table This screenshot shows how the script finds and shows multiple patterns on a candle: And some examples for triangles and Double top/bottom patterns: Symmetrical triangle: Ascending triangle: Double bottom and many others.. While using different time frames the script can find same patterns, in the following screenshots you can see how same patterns found on 5 and 10 min chart. of course this depends on the Zigzag Period in this video, the idea and the indicator options is explained: I can say that this is very complex script and it takes very long time to develop. I used my all programming ability and Pine ability to develop it. I hope you like it and make a lot of profit. DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely. Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
3 K
Harmonic Scanner ProHarmonic Scanner Pro is a more advanced version of the standard Harmonic Scanner . It lets you customize almost every parameter, check for harmonic patterns much further in the past, and detect multiple patterns at once. It's a great tool to see how specific security reacts to harmonic patterns (some stocks are a textbook example of harmonic patterns , others - not really). Some of it's features: You can check an unlimited number of the high/low points (the free version only checks the last 5 points). Use the "Number of points to check" option to configure how many points to check. Configurable error tolerance - you can set how many % the detected formation can differ from the "ideal" formation. (the free version uses the hardcoded 5% value) Formations displayed on top of each other can be moved using the "Move chart" option. When two or more formations share the same points on the chart, only the topmost is visible. With the "move chart" option enabled (it's enabled by default), we move all those points up/down a bit to make all the lines nicely visible and easy to follow Each formation uses different color on the chart, so it's easier to follow them You can change the width of the ZigZag and formation lines Detects the Gartley , Butterfly , Bat, Alternate Bat , Crab , Deep Crab , and Cypher . Important: Checking for more than 200 points and displaying the ZigZag pattern + "No formation" labels at the same time might make the script too slow to render and result in a "Script error". When that happens, disable the ZigZag /"No formation" labels or decrease the number of points to check. To get 7 days of free access to the script, just leave a comment. Works for different types of commodities: Works for different intervals: Some securities work better than others with harmonic patterns:
Pine Script™ indicator
by PatternsHunters
710
Ultimate Pattern Scanner ProChart Patterns and Harmonic Patterns using just ONE indicator! 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 when the pattern has finished to form, triangles and diamonds 3. It is possible to get an alert when the pattern has form For example: is going to give a possible entry when the price has broken the trend line of the two shoulders if we take the Head and Shoulder pattern as an example. Please let me know in the comments if you would like to have more patterns. ====================================================== This versions supports: 1. Head And Shoulder Pattern - Show possible entries when the trend formed by the shoulders has been broken 2. Bat Harmonic Pattern - Show Possible Reversals Zones in green or red boxes - Alerts when any pattern has form ====================================================== ====================================================== Next Versions: - All the harmonic patterns - Triangles - Elliot Waves impulses - Double Top and Bottom - Triple top and bottom - Rising and Falling Wedge - The cup and the handle, etc - ABCD pattern Let me know in the comments if you are interested in something like this so I CAN GIVE YOU ACCESS. I'll appreciate your feedback. thanks
Pine Script™ indicator
by QodingTheMarkets
169
Ultimate Pattern ScannerThis 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 potential long or short entry depending on the pattern For example: is going to give a possible entry when the price has broken the trend line of the two shoulders if we take the Head and Shoulder pattern as an example. Please let me know in the comments if you would like to have more patterns. ====================================================== I have planned the release of a pro version with all the well know patterns for invite only users. Patterns like: - All the harmonic patterns - Triangles - Elliot Waves impulses - Double Top and Bottom - Triple top and bottom - Rising and Falling Wedge - The cup and the handle, etc - ABCD pattern Let me know in the comments if you would be interested in something like this please. I'll appreciate your feedback. thanks!
Pine Script™ indicator
by QodingTheMarkets
21
Harmonic MADsNo, it's not a new saturation plugin for your fruity loops. ... These are Mean Average Deviations calculated from Harmonic Mean. ... In my previous research I tried to develop "Harmonic Average Deviations", since applying stdevs on Harmonic Mean calculated from reciprocals ain't make sense. Din't work out, prolly cuz by definition stdevs doesn't like negatives. So in the end I ended up using Mean Average Deviations, and turned out it works great. Generally market data doesn't distribute normally, so t's a great tool, now weird kurtosis won't be a problem.
Pine Script™ indicator
by gorx1
1
[R&D] Harmonic deviationsI'm publishing it for research purposes & welcome any ideas and/or explanations whether it's actually possible or nah to do what I'm doing right now. ... Idea is simple - if we can do Harmonic Mean, can we do Harmonic Standard Deviations? It should be the same logic, the only difference is instead of actual datapoints we gotta use reciprocals. In reality I've found smth really curios, it's possible to get these Harmonic Standard Deviations, however, somewhy, depends on your timeframe, u gotta do final sqrt different amount of times. And looks like... the market reacts to these levels. That's why in the script settings there is a menu where you can choose how many times to perform sqrt operation. Pls check it out, play with it, see maybe you'll see smth interesting.
Pine Script™ indicator
by gorx1
1
Simple Harmonic Oscillator (SHO)The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018 (pages 78-80) (www.ftaa.org.hk) The SHO is a bounded oscillator for the simple harmonic index that calculates the period of the market’s cycle. The oscillator is used for short and intermediate terms and moves within a range of -100 to 100 percent. The SHO has overbought and oversold levels at +40 and -40, respectively. At extreme periods, the oscillator may reach the levels of +60 and -60. The zero level demonstrates an equilibrium between the periods of bulls and bears. The SHO oscillates between +40 and -40. The crossover at those levels creates buy and sell signals. In an uptrend, the SHO fluctuates between 0 and +40 where the bulls are controlling the market. On the contrary, the SHO fluctuates between 0 and -40 during downtrends where the bears control the market. Reaching the extreme level -60 in an uptrend is a sign of weakness. Mostly, the oscillator will retrace from its centerline rather than the upper boundary +40. On the other hand, reaching +60 in a downtrend is a sign of strength and the oscillator will not be able to reach its lower boundary -40. Centerline Crossover Tactic This tactic is tested during uptrends. The buy signals are generated when the WPO/SHI cross their centerlines to the upside. The sell signals are generated when the WPO/SHI cross down their centerlines. To define the uptrend in the system, stocks closing above their 50-day EMA are considered while the ADX is above 18. Uptrend Tactic During uptrends, the bulls control the markets, and the oscillators will move above their centerline with an increase in the period of cycles. The lower boundaries and equilibrium line crossovers generate buy signals, while crossing the upper boundaries will generate sell signals. The “Re-entry” and “Exit at weakness” tactics are combined with the uptrend tactic. Consequently, we will have three buy signals and two sell signals. Sideways Tactic During sideways, the oscillators fluctuate between their upper and lower boundaries. Crossing the lower boundary to the upside will generate a buy signal. On the other hand, crossing the upper boundary to the downside will generate a sell signal. When the bears take control, the oscillators will cross down the lower boundaries, triggering exit signals. Therefore, this tactic will consist of one buy signal and two sell signals. The sideway tactic is defined when stocks close above their 50-day EMA and the ADX is below 18
Pine Script™ indicator
by UnknownUnicorn170838
1
Vanilla ABCD PatternPatterns makes parts of the many predictive tools available to technical analysts, the most simples ones can be easily detected by using scripts. The proposed tool detect the simple (vanilla) form of the ABCD pattern, a pattern aiming to detect potential price swings. The script can use an additional confirmation condition that aim to filter potential false signals. ABCD PATTERN The ABCD pattern is not meant to be detected by analyzing individuals closing price observations but by analyzing longer term movements, this is done by using tools such as zig-zag. Like any pattern the ABCD one comes in different flavors, the simplest being based on the following structures: Once price reach D we can expect a reversal. The classical pattern has the following conditions : BC = 0.618*AB and CD = 1.618*AB , as you can see this condition is based on 0.618 which is a ratio in the Fibonacci sequence. Other conditions are for AB to equal to CD or for CD to be 161.8% longer than AB. Why these conditions ? Cause Fibonacci of course . The ABCD pattern that the proposed tool aim to detect is not based on the zig-zag but only on individual price observations and don't make use of any of the previously described conditions, thus becoming more like a candle pattern. When the label is blue it means that the tool has detected a bullish ABCD pattern, while a red label means that the tool has detected a bearish ABCD pattern. We can't expect patterns based on the analysis of 1,2,3 or 4 closing price observations to predict the reversal of mid/long term movements, this can be seen on the above chart, but we can see some signals predicting short term movements. Since the pattern is based on a noisy variation, using smoother input can result in less signals. Above the tool on BTCUSD using closing price as input. Below the tool using ohlc4 as input: TOOL OPTIONS Being to early can be as devastating as being to late, therefore a confirmation point can be beneficial, the tool allow you to wait for confirmation thus having a potentially better timing. Below is a chart of AMD with no confirmation: As we can see there are many signals with some of them occurring to early, we can fix this by checking the confirmation option: The confirmation is simply based on the candle color, for example if a bearish ABCD pattern has been detected in the past and the closing price is greater than the opening price then the tool return a buy signal. The same apply with a bearish ABCD pattern. The "last bar repaint" option is true by default, this in order to show the bar where the D point of the pattern has been detected, since the closing price of the last bar is constantly changing the signals on the last bar can be constantly appearing/disappearing, unchecking the option will fix this but will no longer the bar where the D point of the pattern has been detected. SUMMARY The pattern is simple and can sometimes be accurate when predicting the direction of future short terms movements. The tool was a request, as it seems i don't post many pattern detectors, well thats true, and the reason is that for me patterns are not super significant, and their detection can be extremely subjective, this is why simple patterns are certainly the only ones worth a look. Don't expect me to post many pattern related indicators in the future ^^'
Pine Script™ indicator
by alexgrover
16
EBU IndicatorHi everyone, EBU Indicator finds harmonic patterns AUTOMATICALLY. EBU Indicator finds Butterfly , Gartley , Head and Shoulders , Contracting Triangle and Wolfe Wave patterns and DRAWS the ENTER TRADE and AIM points. EBU Indicator also includes The Way Line Indicator which is shows us the price turning points so you can decide when you should take profit. With EBU Indicator you can make technical analysis with one CLICK. Why EBU Indicator: Because, EBU Indicator can find the patterns and draws the lines, for that reason YOU DON'T HAVE TO GET TIRED TO FIND PATTERNS. Because, you can use EBU Indicator in ANY TIMEFRAMES and ANY CHARTS. With EBU Indicator you can easily TRADE LIKE A PRO.
Pine Script™ indicator
by ebufinanc
2
BatPattern_ULTRA V1 - draws Bat Pattern inclusive alertsHI BIG PLAYERS AROUND THE WORLD, this script allow to draw automatically lines of Bat Pattern . The Bat Pattern is part of Harmonic Pattern . Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator BatPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart. BatPattern_ULTRA V1 is offered for sale. More information can be found below in the signature. However, anyone can test this indicator for once without any registration in a 3 day trial. You can request access with a simple message to me. Another trial of 7 days is included in the offer on my website - before the first payment will done. In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4. In extreme cases it is therefore possible to change the settings that the Bat Pattern represent waves only with 2 lines. This allows the indicator to detect far more Bat Pattern on the same chart. For more great indicators everyone is invited to follow me on TradingView. Kind regards NXT2017
Pine Script™ indicator
by NXT2017
11
🆓 SHI - Simple Harmonic Index by Cryptorhythms🆓 SHI - Simple Harmonic Index by Cryptorhythms Intro The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018. The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation. Description The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative. Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry. What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas. TL:DR Bullish signals are generated when SHI crosses over 0 Bearish signals are generated when SHI crosses under 0 I put a few example trades up on the chart. 👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly. 💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join. For Trialers & Chat: t.me
Pine Script™ indicator
by theheirophant
5
Phi35 - Candlestick Reversal Patterns V1 ©Candlestick Reversal Pattern V1 by Phi35 - 9rd September 2016 © Check also my " Candlestick Continuation Pattern " indicator which will follow soon! Do not modify the code without my permission! If there is an issue or any suggestions, feel free to contact me on the link below www.tradingview.com www.tradingview.com It seems to work well but still no guarantee on completeness! RISK WARNING! PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. IN MAKING AN INVESTMENT DECISION, TRADERS MUST RELY ON THEIR OWN EXAMINATION OF THE ENTITY MAKING THE TRADING DECISIONS! Wait always for confirmation (next opening price or closing price)!! RECOGNIZABLE REVERSAL PATTERNS 01.Engulfing 02.Harami 03.Piercing Line 04.Morning Star 05.Evening Star 06.Belt Hold 07.Three White Soldiers 08.Three Black Crows 09.Three Stars in the South 10.Stick Sandwich 11.Meeting Line 12.Kicking 13.Ladder Bottom Although the Engulfing and Harami Patterns are important but can occur too often and give false signals, I give you the option to turn them completely off.
Pine Script™ indicator
by phi35
8