Advanced Harmonic & RSI Reversal Scanner (Dual-Wave)
Description:
Most harmonic indicators suffer from two fatal flaws: they clutter your chart with overlapping lines, and they blindly signal entries at Fibonacci levels without checking if the market is actually slowing down.
The Advanced Harmonic & RSI Reversal Scanner solves both problems. By combining precise Fibonacci geometry (to find the location of a reversal) with an RSI exhaustion filter (to time the exact moment of the reversal), this script prevents you from catching falling knives.
This is a clean, professional-grade scanner designed for traders who want high-probability setups without the chart spam.
🔥 Core Features
Dual ZigZag Engine: The script simultaneously scans a "Major" wave and a "Minor" wave. It prioritizes finding larger, macro setups first, but will automatically scale down to find minor setups if the broader trend is noisy.
Live Point D Tracking: Unlike standard scripts that wait for a pivot to be fully confirmed (which causes late entries), Point D dynamically tracks the live wick of the current candle. The Fibonacci ratios update in real-time as the candle moves into the Potential Reversal Zone (PRZ).
RSI Entry Confirmation: A pattern alone is not enough. The script will only fire a Bull ▲ or Bear ▼ entry signal if Point D forms and the RSI confirms momentum exhaustion (crossing over/under the oversold/overbought thresholds).
Dynamic Risk & Targets: Forget manual measuring. Upon an entry trigger, the script instantly calculates and plots your Take Profit and Stop Loss lines:
TP1: 38.2% retracement of the A-to-D leg.
TP2: 61.8% retracement of the A-to-D leg.
Risk (Stop Loss): Dynamically placed 20% beyond Point D's structural size, safely protecting you against deep extensions like Butterfly or Crab patterns.
Anti-Spam Charting: Built with a strict visual state-machine. When a live candle twitches, the script cleanly deletes and redraws its lines rather than overlapping them. Your chart remains crystal clear.
Smart History Stamping: Once a trade setup completes, the script permanently "stamps" the pattern and its target lines onto the chart so you can accurately backtest past performance.
📐 Supported Patterns
The scanner precisely calculates internal and external Fibonacci ratios to identify:
Gartley
Bat
Butterfly
Crab
AB=CD (Functions as a fallback priority if an XABCD structure is invalid)
💡 How to Trade with this Indicator
Wait for the Setup: Let the script map the X, A, B, and C yellow pivot nodes. Watch as it projects Point D.
Wait for the Trigger: Do not enter blindly. Wait for the colored "Bull ▲" or "Bear ▼" pill to appear. This means price has hit the PRZ and the RSI has hooked, signaling momentum is shifting.
Execute the Plan: Place your entry. Set your Stop Loss at the red Risk line.
Manage the Trade: Take partial profits or move your stop to breakeven when price hits the green TP1 line. Leave a runner for TP2.
Most harmonic indicators suffer from two fatal flaws: they clutter your chart with overlapping lines, and they blindly signal entries at Fibonacci levels without checking if the market is actually slowing down.
The Advanced Harmonic & RSI Reversal Scanner solves both problems. By combining precise Fibonacci geometry (to find the location of a reversal) with an RSI exhaustion filter (to time the exact moment of the reversal), this script prevents you from catching falling knives.
This is a clean, professional-grade scanner designed for traders who want high-probability setups without the chart spam.
🔥 Core Features
Dual ZigZag Engine: The script simultaneously scans a "Major" wave and a "Minor" wave. It prioritizes finding larger, macro setups first, but will automatically scale down to find minor setups if the broader trend is noisy.
Live Point D Tracking: Unlike standard scripts that wait for a pivot to be fully confirmed (which causes late entries), Point D dynamically tracks the live wick of the current candle. The Fibonacci ratios update in real-time as the candle moves into the Potential Reversal Zone (PRZ).
RSI Entry Confirmation: A pattern alone is not enough. The script will only fire a Bull ▲ or Bear ▼ entry signal if Point D forms and the RSI confirms momentum exhaustion (crossing over/under the oversold/overbought thresholds).
Dynamic Risk & Targets: Forget manual measuring. Upon an entry trigger, the script instantly calculates and plots your Take Profit and Stop Loss lines:
TP1: 38.2% retracement of the A-to-D leg.
TP2: 61.8% retracement of the A-to-D leg.
Risk (Stop Loss): Dynamically placed 20% beyond Point D's structural size, safely protecting you against deep extensions like Butterfly or Crab patterns.
Anti-Spam Charting: Built with a strict visual state-machine. When a live candle twitches, the script cleanly deletes and redraws its lines rather than overlapping them. Your chart remains crystal clear.
Smart History Stamping: Once a trade setup completes, the script permanently "stamps" the pattern and its target lines onto the chart so you can accurately backtest past performance.
📐 Supported Patterns
The scanner precisely calculates internal and external Fibonacci ratios to identify:
Gartley
Bat
Butterfly
Crab
AB=CD (Functions as a fallback priority if an XABCD structure is invalid)
💡 How to Trade with this Indicator
Wait for the Setup: Let the script map the X, A, B, and C yellow pivot nodes. Watch as it projects Point D.
Wait for the Trigger: Do not enter blindly. Wait for the colored "Bull ▲" or "Bear ▼" pill to appear. This means price has hit the PRZ and the RSI has hooked, signaling momentum is shifting.
Execute the Plan: Place your entry. Set your Stop Loss at the red Risk line.
Manage the Trade: Take partial profits or move your stop to breakeven when price hits the green TP1 line. Leave a runner for TP2.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.