Gartley Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction
Research by H.M. Gartley and Scott Carney emphasizes the importance of harmonic patterns in technical analysis for predicting market movements. Gartley's work, particularly the Gartley 222 pattern, is detailed in his book "Profits in the Stock Market" and relies on the specific placement of points X, A, B, C, and D.
🟣 Defining the Gartley Pattern
The Gartley pattern is a powerful technical analysis tool often seen at the end of a trend, signaling a potential reversal. Ideally, it forms during the first and second waves of Elliott Wave theory, with wave XA representing wave 1 and the entire ABCD correction representing wave 2.
While patterns outside this structure are also valid, the key points of the Gartley pattern align closely with Fibonacci retracement levels. Specifically, point B corrects wave XA to the 61.8% level, point C lies between 38% and 79% of wave AB, and point D extends between 113% and 162% of wave BC.
The bullish Gartley pattern, shown below, forms at the end of a downtrend and signals a potential buying opportunity.
Bullish :
Bearish :
🔵 How to Use
🟣 Bullish Gartley Pattern
To spot a bullish Gartley pattern, follow these rules: the move from point X to point A (the first leg) must be upward. The subsequent move from point A to point B is downward, followed by an upward move from point B to point C.
Finally, the move from point C to point D is downward. On a chart, this pattern resembles the letter M. After the final leg of this pattern, prices are expected to rise from point D.
🟣 Bearish Gartley Pattern
A bearish Gartley pattern forms similarly to the bullish one but in reverse. The initial move from point X to point A should be downward. The next move from point A to point B is upward, followed by a downward move from point B to point C.
The final leg moves upward from point C to point D. This pattern appears as a W on charts, indicating that prices are likely to fall from point D after the final move.
By understanding and identifying Gartley patterns, traders can enhance their technical analysis and improve their decision-making in financial markets. These patterns, when correctly identified, offer significant insights into potential market reversals and continuation patterns.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Harmonicpattren
Harmonic Patterns Library [TradingFinder]🔵 Introduction
Harmonic patterns blend geometric shapes with Fibonacci numbers, making these numbers fundamental to understanding the patterns.
One person who has done a lot of research on harmonic patterns is Scott Carney.Scott Carney's research on harmonic patterns in technical analysis focuses on precise price structures based on Fibonacci ratios to identify market reversals.
Key patterns include the Gartley, Bat, Butterfly, and Crab, each with specific alignment criteria. These patterns help traders anticipate potential market turning points and make informed trading decisions, enhancing the predictability of technical analysis.
🟣 Understanding 5-Point Harmonic Patterns
In the current library version, you can easily draw and customize most XABCD patterns. These patterns often form M or W shapes, or a combination of both. By calculating the Fibonacci ratios between key points, you can estimate potential price movements.
All five-point patterns share a similar structure, differing only in line lengths and Fibonacci ratios. Learning one pattern simplifies understanding others.
🟣 Exploring the Gartley Pattern
The Gartley pattern appears in both bullish (M shape) and bearish (W shape) forms. In the bullish Gartley, point X is below point D, and point A surpasses point C. Point D marks the start of a strong upward trend, making it an optimal point to place a buy order.
The bearish Gartley mirrors the bullish pattern with inverted Fibonacci ratios. In this scenario, point D indicates the start of a significant price drop. Traders can place sell orders at this point and buy at lower prices for profit in two-way markets.
🟣 Analyzing the Butterfly Pattern
The Butterfly pattern also manifests in bullish (M shape) and bearish (W shape) forms. It resembles the Gartley pattern but with point D lower than point X in the bullish version.
The Butterfly pattern involves deeper price corrections than the Gartley, leading to more significant price fluctuations. Point D in the bullish Butterfly indicates the beginning of a sharp price rise, making it an entry point for buy orders.
The bearish Butterfly has inverted Fibonacci ratios, with point D marking the start of a sharp price decline, ideal for sell orders followed by buying at lower prices in two-way markets.
🟣 Insights into the Bat Pattern
The Bat pattern, appearing in bullish (M shape) and bearish (W shape) forms, is one of the most precise harmonic patterns. It closely resembles the Butterfly and Gartley patterns, differing mainly in Fibonacci levels.
The bearish Bat pattern shares the Fibonacci ratios with the bullish Bat, with an inverted structure. Point D in the bearish Bat marks the start of a significant price drop, suitable for sell orders followed by buying at lower prices for profit.
🟣 The Crab Pattern Explained
The Crab pattern, found in both bullish (M shape) and bearish (W shape) forms, is highly favored by analysts. Discovered in 2000, the Crab pattern features a larger final wave correction compared to other harmonic patterns.
The bearish Crab shares Fibonacci ratios with the bullish version but in an inverted form. Point D in the bearish Crab signifies the start of a sharp price decline, making it an ideal point for sell orders followed by buying at lower prices for profitable trades.
🟣 Understanding the Shark Pattern
The Shark pattern appears in bullish (M shape) and bearish (W shape) forms. It differs from previous patterns as point C in the bullish Shark surpasses point A, with unique level measurements.
The bearish Shark pattern mirrors the Fibonacci ratios of the bullish Shark but is inverted. Point D in the bearish Shark indicates the start of a sharp price drop, ideal for placing sell orders and buying at lower prices to capitalize on the pattern.
🟣 The Cypher Pattern Overview
The Cypher pattern is another that appears in both bullish (M shape) and bearish (W shape) forms. It resembles the Shark pattern, with point C in the bullish Cypher extending beyond point A, and point D forming within the XA line.
The bearish Cypher shares the Fibonacci ratios with the bullish Cypher but in an inverted structure. Point D in the bearish Cypher marks the start of a significant price drop, perfect for sell orders followed by buying at lower prices.
🟣 Introducing the Nen-Star Pattern
The Nen-Star pattern appears in both bullish (M shape) and bearish (W shape) forms. In the bullish Nen-Star, point C extends beyond point A, and point D, the final point, forms outside the XA line, making CD the longest wave.
The bearish Nen-Star has inverted Fibonacci ratios, with point D indicating the start of a significant price drop. Traders can place sell orders at point D and buy at lower prices to profit from this pattern in two-way markets.
The 5-point harmonic patterns, commonly referred to as XABCD patterns, are specific geometric price structures identified in financial markets. These patterns are used by traders to predict potential price movements based on historical price data and Fibonacci retracement levels.
Here are the main 5-point harmonic patterns :
Gartley Pattern
Anti-Gartley Pattern
Bat Pattern
Anti-Bat Pattern
Alternate Bat Pattern
Butterfly Pattern
Anti-Butterfly Pattern
Crab Pattern
Anti-Crab Pattern
Deep Crab Pattern
Shark Pattern
Anti- Shark Pattern
Anti Alternate Shark Pattern
Cypher Pattern
Anti-Cypher Pattern
🔵 How to Use
To add "Order Block Refiner Library", you must first add the following code to your script.
import TFlab/Harmonic_Chart_Pattern_Library_TradingFinder/1 as HP
🟣 Parameters
XABCD(Name, Type, Show, Color, LineWidth, LabelSize, ShVF, FLPC, FLPCPeriod, Pivot, ABXAmin, ABXAmax, BCABmin, BCABmax, CDBCmin, CDBCmax, CDXAmin, CDXAmax) =>
Parameters:
Name (string)
Type (string)
Show (bool)
Color (color)
LineWidth (int)
LabelSize (string)
ShVF (bool)
FLPC (bool)
FLPCPeriod (int)
Pivot (int)
ABXAmin (float)
ABXAmax (float)
BCABmin (float)
BCABmax (float)
CDBCmin (float)
CDBCmax (float)
CDXAmin (float)
CDXAmax (float)
🟣 Genaral Parameters
Name : The name of the pattern.
Type: Enter "Bullish" to draw a Bullish pattern and "Bearish" to draw an Bearish pattern.
Show : Enter "true" to display the template and "false" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Logical Parameters
ShVF : If this parameter is on "true" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "false" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
FLPC : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the lateest pattern seeing and a sharp reduction in reward to risk.
FLPCPeriod : Using this parameter you can determine that the last pivot is based on Pivot period.
Pivot : You need to determine the period of the zigzag indicator. This factor is the most important parameter in pattern recognition.
ABXAmin : Minimum retracement of "AB" line compared to "XA" line.
ABXAmax : Maximum retracement of "AB" line compared to "XA" line.
BCABmin : Minimum retracement of "BC" line compared to "AB" line.
BCABmax : Maximum retracement of "BC" line compared to "AB" line.
CDBCmin : Minimum retracement of "CD" line compared to "BC" line.
CDBCmax : Maximum retracement of "CD" line compared to "BC" line.
CDXAmin : Minimum retracement of "CD" line compared to "XA" line.
CDXAmax : Maximum retracement of "CD" line compared to "XA" line.
🟣 Function Outputs
This library has two outputs. The first output is related to the alert of the formation of a new pattern. And the second output is related to the formation of the candlestick pattern and you can draw it using the "plotshape" tool.
Candle Confirmation Logic :
Example :
import TFlab/Harmonic_Chart_Pattern_Library_TradingFinder/1 as HP
PP = input.int(3, 'ZigZag Pivot Period')
ShowBull = input.bool(true, 'Show Bullish Pattern')
ShowBear = input.bool(true, 'Show Bearish Pattern')
ColorBull = input.color(#0609bb, 'Color Bullish Pattern')
ColorBear = input.color(#0609bb, 'Color Bearish Pattern')
LineWidth = input.int(1 , 'Width Line')
LabelSize = input.string(size.small , 'Label size' , options = )
ShVF = input.bool(false , 'Show Valid Format')
FLPC = input.bool(false , 'Show Formation Last Pivot Confirm')
FLPCPeriod =input.int(2, 'Period of Formation Last Pivot')
//Call function
= HP.XABCD('Bullish Bat', 'Bullish', ShowBull, ColorBull , LineWidth, LabelSize ,ShVF, FLPC, FLPCPeriod, PP, 0.382, 0.50, 0.382, 0.886, 1.618, 2.618, 0.85, 0.9)
= HP.XABCD('Bearish Bat', 'Bearish', ShowBear, ColorBear , LineWidth, LabelSize ,ShVF, FLPC, FLPCPeriod, PP, 0.382, 0.50, 0.382, 0.886, 1.618, 2.618, 0.85, 0.9)
//Alert
if BearAlert
alert('Bearish Harmonic')
if BullAlert
alert('Bulish Harmonic')
//CandleStick Confirm
plotshape(BearCandleConfirm, style = shape.arrowdown, color = color.red)
plotshape(BullCandleConfirm, style = shape.arrowup, color = color.green, location = location.belowbar )
Wolfe Wave Detector [LuxAlgo]The Wolfe Wave Detector displays occurrences of Wolfe Waves, alongside a target line. A multiple swing detection approach is used to maximize the number of detected waves.
The indicator includes a dashboard with the number of detected waves, as well as the number of reached targets.
🔶 USAGE
The Wolfe Wave pattern is a chart pattern composed of five segments, with the initial segment extremities (points XABCD) forming a channel containing price variations.
After the price reaches point D , we can expect a reversal toward a target line (point E ). The target line is obtained by connecting and extending point X -> C .
The script draws the XABCD pattern and a projection of where E might potentially be located.
The projection is derived from the intersection between the target line and a line starting from D , parallel to B-C . From this line, margins are added, left and right, creating a wedge-shaped figure in most cases.
When the price passes the target line, this is highlighted by a dot. The dot and pattern are green by default when the target is above D and red when the target is below D . Colors can be edited in the settings. The dashed target line is colored in the opposite color.
As seen in the above example, the price trend can reverse after reaching the target line.
🔹 Symmetry
Ideally, the Wolfe Wave must have a degree of symmetry; every upward line should have a similar angle to the other upward lines, and the same should be true for the downward lines.
Also, the lines forming the channel should be as parallel as possible.
Users have the option to adjust the tolerance:
Margin controls the wave symmetry of the pattern
Angle controls the channel symmetry of the pattern
It's important to note that in both cases, a lower number will lead to more symmetrical patterns, but they may appear less frequently.
It is also important to note that increasing the Margin can delay validating the pattern. In the meantime, the price could surpass the channel in the opposite direction, invalidating and deleting the otherwise valid pattern.
🔹 Multiple Swings
Users can set a Minimum Swing length (for example 2) and a Maximum Swing length (for example 100) which defines the range of the swing point detection length, higher values for these settings will detect longer-term Wolfe patterns, while a larger range will allow for the detection of a larger number of patterns.
By using multiple swings, it is possible to find smaller next to larger patterns at the same time.
The dashboard shows the number of patterns found and targets reached. When, for example, bullish patterns are disabled in the settings, the dashboard only shows the results of bearish patterns.
🔹 Extend Target Line
The publication includes a setting that allows the Target Line to be extended up to 50 bars further. As seen in the above example, the Target Line can still be reached even after the pattern has been finalized. Once the Target Line is reached, it won't be updated further.
Here is another example of a Target Line being reached later on.
The Target Line acted as a support level, after which where the price changed direction.
🔹 Show Progression
An option is included to show the progression before the pattern is completed. Users can make use of the XABC pattern or visualize where point D should be positioned.
The focus lies on the bar range (between the left and right borders of the grey rectangle). The pattern is considered invalid and deleted when point D is beyond these limits. The height of the rectangle is optional. Ideally, the price should be located between the top and bottom of the rectangle, but it is not mandatory.
Show Progression has three options including:
Full: Show all lines of XABC plus line C-D and rectangle for the position of point D
Partial: Show line C-D and rectangle for the position of point D
None: Only show valid completed patterns
The 'Partial' option in the 'Show Progression' feature is designed to help users locate the desired position of point D without the visual clutter caused by the XABC lines. This can be useful for those who prefer a cleaner visual representation of the evolving pattern.
🔶 SETTINGS
🔹 Swing Length
Minimum: Minimum length used for the swing detection.
Maximum Swing Length: Maximum length used for the swing detection.
🔹 Tolerance
Margin: Influences the symmetry of the pattern; with a higher number allowing for less symmetry.
Angle: Influences the symmetry of the channel; with a higher number allowing for less symmetry.
🔹 Style
Toggle: Bullish/Bearish + colors
Extend Target Line: Extend a maximum of 50 bars or until Target Line is reached
Show Progression: Show pattern progression
Dot Size: The size of the dot when the Target Line is reached
🔹 Dashboard
Show Dashboard: Toggle dashboard which shows the number of found patterns and targets reached.
Location: Location of the dashboard on the chart.
Text Size: Text size.
🔹 Calculation
Calculated Bars: Allows the usage of fewer bars for performance/speed improvement
Smart Money Setup 04 [TradingFinder] Three Drive (Harmonic) + OB🔵 Introduction
The "Three Drive" pattern is a well-known formation in technical analysis, recognized for its ability to signal potential trend reversals in price action. Within the realm of trading, particularly in the context of "Reversal Patterns," the Three Drive pattern holds significance as a reliable indicator of shifts in market sentiment.
🟣 Bullish 3 Drive
This pattern typically manifests at a price bottom, where a sequence of lower lows suggests a prevailing negative trend. However, within the structure of the Three Drive pattern, a notable occurrence unfolds.
The second low breaches the range of the first low, followed by the third low surpassing the range of the second low. These penetrations signify a diminishing selling pressure and an emerging buying interest.
Traders often await the confirmation of the third low surpassing the second low as an entry point, with price targets set at the highs formed within the Three Drive pattern.
🟣 Bearish 3 Drive
Conversely, the Bearish Three Drive pattern emerges at a price top, characterized by a sequence of higher highs indicating an upward trend. Yet, amidst this apparent bullish momentum, a shift occurs.
The second high breaks beyond the range of the first high, succeeded by the third high exceeding the range of the second high. These breaches signify a waning buying strength and a resurgence in selling pressure.
Entry into a trade is often executed after the confirmation of the third high surpassing the second high, with targets set at the lows formed within the Three Drive pattern.
Importance :
Understanding the Three Drive pattern's significance extends beyond mere technical analysis. It bears resemblance to other established patterns, such as the Harmonic Pattern and Ending Diagonal within the Elliott Wave Theory.
Recognizing these parallels aids traders in comprehending broader market dynamics and potential price movements.
🔵 Formation of 3 Drive in Order Block Zone
The convergence of the Three Drive pattern with the concept of the Order Block Zone introduces a nuanced layer to traders' analytical approach.
In "Price Action" methodology, Order Blocks represent areas on the price chart where significant market players, such as institutional traders, have executed notable orders.
These zones often act as barriers, with price encountering resistance or support upon reaching them.
When the Three Drive pattern forms within an Order Block Zone, it signifies a confluence of market dynamics.
The completion of the pattern within this zone suggests a potential reversal in the prevailing trend, augmented by the presence of significant institutional orders.
Traders incorporate these Order Blocks into their analysis to identify probable levels where price may change direction, enhancing the reliability of their trading decisions.
🔵 How to Use :
To effectively utilize the Three Drive pattern within the Order Block Zone, traders seek alignment between the completion of the pattern and the presence of significant Order Blocks.
This convergence enhances the reliability of the pattern's signals, increasing the likelihood of successful trade outcomes.
Bullish Three Drive in Demand Zone :
Bearish Three Drive in Supply Zone :
Settings :
You can set your desired "Pivot Period" via settings for the indicator to identify setups based on it.
Three Drive [TradingFinder] 3 Drive Harmonic Pattern Indicator🔵 Introduction
The "Three Drive" pattern is one of the light "RTM" setups suitable for identifying price trend reversals. For this reason, this pattern is considered one of the "Reversal Patterns."
🟣 Bullish 3 Drive
At a price bottom, a formation occurs where the negative trend appears to continue, and lower lows are made.
However, the second low penetrates the range of the first low, and the third low penetrates the range of the second low, indicating a decrease in selling pressure and an increase in buying pressure.
Entry point is issued after the penetration of the third low to the second low, and targets are the highs formed in the "3 Drive."
🟣 Bearish 3 Drive
At a price top, a formation occurs where the positive trend appears to continue, and higher highs are made.
However, the second high penetrates the range of the first high, and the third high penetrates the range of the second high, indicating a decrease in buyers' strength and an increase in sellers' strength.
Entry point is issued after the penetration of the third high to the second high, and targets are the lows formed in the "3 Drive."
Importance :
This pattern bears a striking resemblance to the some of "Harmonic Pattern" and "Ending Diagonal" in the "Elliott Pattern".
🔵 How to Use
There is no need for further confirmation to use this pattern, and you can use it as soon as the pattern forms. However, to reduce errors, it is better to use this pattern when it forms within a "Supply and Demand" or "Support and Resistance" structure.
Bullish 3 Drive in Demand Zone :
Bearish 3 Drive in Supply Zone :
🔵 Settings
You can set your desired "Pivot Period" via settings for the indicator to identify setups based on it.
HSupertrendLibrary "HSupertrend"
Supertrend implementation based on harmonic patterns
hsupertrend(zProperties, pProperties, errorPercent, showPatterns, patternColor)
derives supertrend based on harmonic patterns
Parameters:
zProperties : ZigzagProperties containing Zigzag length and source array
pProperties : PatternProperties used for calculation
errorPercent : Error threshold for scanning patterns
showPatterns : Draw identified patterns structure on chart
patternColor : Color of the pattern lines to be drawn
Returns:
ZigzagProperties
ZigzagProperties contains values required for zigzag calculation
Fields:
length : Zigzag length
source : Array containing custom OHLC. If not set, array.from(high, low) is used
PatternProperties
PatternProperties are essential pattern parameters used for calculation of bullish and bearish zones
Fields:
base : Base for calculating entry and stop of pattern. Can be CD, minmax or correction. Default is CD
entryPercent : Distance from D in terms of percent of Base in the direction of pattern
stopPercent : Distance from D in terms of percent of Base in the opposite direction of pattern
useClosePrices : When set uses close price for calculation of supertrend breakout
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.
harmonicpatternsLibrary "harmonicpatterns"
harmonicpatterns: methods required for calculation of harmonic patterns. These are customised to be used in my scripts. But, also simple enough for others to make use of :)
isGartleyPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isGartleyPattern: Checks for harmonic pattern Gartley
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Gartley. False otherwise.
isBatPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isBatPattern: Checks for harmonic pattern Bat
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Bat. False otherwise.
isButterflyPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isButterflyPattern: Checks for harmonic pattern Butterfly
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Butterfly. False otherwise.
isCrabPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isCrabPattern: Checks for harmonic pattern Crab
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Crab. False otherwise.
isDeepCrabPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isDeepCrabPattern: Checks for harmonic pattern DeepCrab
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is DeepCrab. False otherwise.
isCypherPattern(xabRatio, axcRatio, xadRatio, err_min, err_max) isCypherPattern: Checks for harmonic pattern Cypher
Parameters:
xabRatio : AB/XA
axcRatio : XC/AX
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Cypher. False otherwise.
isSharkPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isSharkPattern: Checks for harmonic pattern Shark
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Shark. False otherwise.
isNenStarPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isNenStarPattern: Checks for harmonic pattern Nenstar
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Nenstar. False otherwise.
isAntiNenStarPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiNenStarPattern: Checks for harmonic pattern Anti NenStar
Parameters:
xabRatio : - AB/XA
abcRatio : - BC/AB
bcdRatio : - CD/BC
xadRatio : - AD/XA
err_min : - Minumum error threshold
err_max : - Maximum error threshold
Returns: True if the pattern is Anti NenStar. False otherwise.
isAntiSharkPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiSharkPattern: Checks for harmonic pattern Anti Shark
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Anti Shark. False otherwise.
isAntiCypherPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiCypherPattern: Checks for harmonic pattern Anti Cypher
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Anti Cypher. False otherwise.
isAntiCrabPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiCrabPattern: Checks for harmonic pattern Anti Crab
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Anti Crab. False otherwise.
isAntiBatPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiBatPattern: Checks for harmonic pattern Anti Bat
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Anti Bat. False otherwise.
isAntiGartleyPattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isAntiGartleyPattern: Checks for harmonic pattern Anti Gartley
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Anti Gartley. False otherwise.
isNavarro200Pattern(xabRatio, abcRatio, bcdRatio, xadRatio, err_min, err_max) isNavarro200Pattern: Checks for harmonic pattern Navarro200
Parameters:
xabRatio : AB/XA
abcRatio : BC/AB
bcdRatio : CD/BC
xadRatio : AD/XA
err_min : Minumum error threshold
err_max : Maximum error threshold
Returns: True if the pattern is Navarro200. False otherwise.
isHarmonicPattern(x, a, c, c, d, flags, errorPercent) isHarmonicPattern: Checks for harmonic patterns
Parameters:
x : X coordinate value
a : A coordinate value
c : B coordinate value
c : C coordinate value
d : D coordinate value
flags : flags to check patterns. Send empty array to enable all
errorPercent : Error threshold
Returns: Array of boolean values which says whether valid pattern exist and array of corresponding pattern names
