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Multi ZigZag Harmonic Patterns

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Combining 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:

Auto Harmonic Patterns - Long only Strategy

Versionshinweise

Add max_bars_back

Versionshinweise

Added alert condition

Versionshinweise

Fixed minor calculation error with respect to zigzag

Versionshinweise

Added ABCD patterns and Double Top/Bottom patterns to this script. With multiple zigzags running, display can become messy. Disable the ones you don't use in your input parameters.

Versionshinweise

Fix zigzag logical error

Versionshinweise

Removed not so important line width and line style parameters.
Set all width to 1 and style to solid.
Changed colors to suit dark theme :)

Versionshinweise

Convert to pine 5

Versionshinweise

Updated signature and tags.

Versionshinweise

Update tags

Trendoscope

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Blog - docs.trendoscope.com

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Trendoscope

Trial - trendoscope.com/trial
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com

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