OPEN-SOURCE SCRIPT
Gabriel Cypher Pattern Detector
Bullish: X low → A high → B at 0.382–0.618 of XA → C at 1.130–1.414 extension of XA → D projected at 0.786 of XC
Bearish: exact mirror
When C confirms, it labels "waiting for D" and draws a dashed line at the projected D price
When D is hit (the trigger you asked for): draws the full X-A-B-C-D legs, marks D as the Breakout Point, and draws the Breakout Range — T1 at 0.382 and T2 at 0.618 retrace of the CD leg — plus a dotted stop line just beyond X
Alert fires on D-hit stating bullish/bearish with entry, stop, T1, T2 prices (use "Any alert() function call" as before)
Pattern invalidates automatically if price runs beyond X before reaching D
Fib tolerance is adjustable in settings (default ±6%) since real charts rarely hit ratios perfectly.
Bearish: exact mirror
When C confirms, it labels "waiting for D" and draws a dashed line at the projected D price
When D is hit (the trigger you asked for): draws the full X-A-B-C-D legs, marks D as the Breakout Point, and draws the Breakout Range — T1 at 0.382 and T2 at 0.618 retrace of the CD leg — plus a dotted stop line just beyond X
Alert fires on D-hit stating bullish/bearish with entry, stop, T1, T2 prices (use "Any alert() function call" as before)
Pattern invalidates automatically if price runs beyond X before reaching D
Fib tolerance is adjustable in settings (default ±6%) since real charts rarely hit ratios perfectly.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.