Các Mô hình Harmonic

Multi-timeframe Difference Forecast (MTD)Description: The Multi-timeframe Difference Forecast indicator projects potential future price levels by comparing open prices across multiple timeframe pairs. It uses 12 predefined timeframe pairs where each pair consists of a lower and a higher timeframe. For each pair, the indicator calculates a forecast value by adding the difference between the lower timeframe’s open and the higher timeframe’s open to the current bar’s close. These forecast values are then plotted as points into the future and connected by blue line segments, forming a continuous projection line on your chart. How It Works: Timeframe Pairs: The indicator defines 12 pairs. For example: Pair 1: Lower timeframe = 15 minutes; Higher timeframe = 150 minutes Pair 2: Lower timeframe = 30 minutes; Higher timeframe = 165 minutes ⋮ Pair 12: Lower timeframe = 180 minutes; Higher timeframe = 720 minutes Forecast Calculation: For each pair, the forecast is computed as: forecast = close + (lower timeframe open - higher timeframe open) This produces a series of forecast values that are then plotted on the chart. Time Offset: Each forecast point is offset into the future by a number of bars calculated as the ratio between the lower timeframe’s duration (in seconds) and the current chart’s timeframe (in seconds). This adjustment helps align the forecast points correctly on the time axis. Visualization: The indicator draws blue lines (width = 2) connecting the current price to each forecast point sequentially, forming a polyline that visually represents the projected price trajectory. How to Use: Overlay on Chart: Apply this indicator to any chart, and it will automatically overlay the forecast line on your current price chart. Timeframe Flexibility: The calculations adjust to the chart’s timeframe, so you can use it on various timeframes without needing to change the code. Interpretation: The forecast line is intended to provide a visual estimate of potential future price movement based on historical open price differences. It is meant to serve as an additional analytical tool rather than a standalone trading signal. Disclaimer: This script is provided for educational and informational purposes only and should not be construed as financial or trading advice. Trading involves significant risk, and past performance is not indicative of future results. You should perform your own analysis and consult with a qualified professional before making any trading decisions. Use this indicator at your own risk.

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của Tradenometry

Dragon Harmonic Pattern [TradingFinder] Dragon Detector 🔵 Introduction The Dragon Harmonic Pattern is one of the technical analysis tools that assists traders in identifying Potential Reversal Zones (PRZ). Resembling an "M" or "W" shape, this pattern is recognized in financial markets as a method for predicting bullish and bearish trends. By leveraging precise Fibonacci ratios and measuring price movements, traders can use this pattern to forecast market trends with high accuracy. The Dragon Harmonic Pattern is built on the XABCD structure, where each point plays a significant role in shaping and forecasting price movements. Point X marks the beginning of the trend, representing the initial price movement. Point A indicates the first retracement, usually falling within the 0.380 to 0.620 range of the XA wave. Next, point B signals the second retracement, which lies within 0.200 to 0.400 of the AB wave. Point C, acting as the hump of the pattern, is generally located within 0.800 to 1.100 of the XA wave. Finally, point D represents the endpoint of the pattern and the Potential Reversal Zone (PRZ), where the primary price reversal occurs. In bullish scenarios, the Dragon Pattern indicates a reversal from a downtrend to an uptrend, where prices move upward from point D. Conversely, in bearish scenarios, prices decline after reaching point D. Accurate identification of this pattern through Fibonacci ratio analysis and PRZ examination can significantly increase the success rate of trades, enabling traders to adjust their strategies based on key market levels such as 0.618 or 1.100. Due to its high accuracy in identifying Potential Reversal Zones (PRZ) and its alignment with Fibonacci ratios, the Dragon Harmonic Pattern is considered one of the most popular tools in technical analysis. Traders can use this pattern to pinpoint entry and exit points with greater confidence while minimizing trading risks. Bullish : Bearish : 🔵 How to Use The Dragon Harmonic Pattern indicator helps traders identify bullish and bearish patterns in the market, allowing them to capitalize on available trading opportunities. By analyzing Fibonacci ratios and the XABCD structure, the indicator highlights Potential Reversal Zones (PRZ). 🟣 Bullish Dragon Pattern In the Bullish Dragon Pattern, the price transitions from a downtrend to an uptrend after reaching point D. At this stage, points X, A, B, C, and D must be carefully identified. Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave. When the price reaches point D, traders should look for bullish signals such as reversal candlesticks or increased trading volume to enter a buy position. The take-profit level can be set near the previous price high or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly below point D. 🟣 Bearish Dragon Pattern In the Bearish Dragon Pattern, the price shifts from an uptrend to a downtrend after reaching point D. In this pattern, points X, A, B, C, and D must also be identified. Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave. Upon reaching point D, bearish signals such as reversal candlesticks or decreasing trading volume indicate the opportunity to enter a sell position. The take-profit level can be set near the previous price low or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly above point D. By combining the Dragon Harmonic Pattern indicator with precise Fibonacci ratio analysis, traders can identify key opportunities while minimizing risks and improving their decision-making in both bullish and bearish market conditions. 🔵 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 Forma t: 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. 🔵 Conclusion The Dragon Harmonic Pattern is an advanced and practical technical analysis tool that aids traders in accurately predicting bullish and bearish trends by identifying Potential Reversal Zones (PRZ) and utilizing Fibonacci ratios. Built on the XABCD structure, this pattern stands out for its flexibility and precision in identifying price movements, making it a valuable resource among technical analysts. One of its key advantages is its compatibility with other technical tools such as trendlines, support and resistance levels, and Fibonacci retracements. By using the Dragon Harmonic Pattern indicator, traders can accurately determine entry and exit points for their trades. The indicator analyzes key Fibonacci ratios—0.380 to 0.620, 0.200 to 0.400, and 0.800 to 1.100—to identify critical levels such as price highs and lows, offering precise trading strategies. In bullish scenarios, traders can profit from rising prices, while in bearish scenarios, they can capitalize on price declines. In conclusion, the Dragon Harmonic Pattern is a highly reliable tool for identifying trading opportunities with exceptional accuracy. However, for optimal results, it is recommended to combine this pattern with other analytical tools and thoroughly assess market conditions. By utilizing this indicator, traders can reduce their trading risks while achieving higher profitability and confidence in their trading strategies.

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của TradingFinder

Nen Star Harmonic Pattern [TradingFinder] NenStar Reversal Auto 🔵 Introduction The Nen-Star Harmonic Pattern is an advanced reversal pattern in technical analysis, designed to identify market trend changes and predict key price reversal points. This pattern is defined by a combination of Fibonacci ratios and critical concepts such as Potential Reversal Zones (PRZ), market structure, and corrective waves. The key points of this pattern include X, A, B, C, and D, and it appears in both bullish and bearish forms. In its bullish form, the pattern resembles the letter M, while in its bearish form, it takes the shape of W. The critical Fibonacci ratios for this pattern are 0.382 to 0.786 for the XA wave, 1.13 to 1.414 for the AB wave, and 1.272 to 2.618 for the BC wave. The Nen-Star Harmonic Pattern is one of the most precise tools for identifying market reversals and executing reversal trades. Traders can use it to pinpoint optimal entry and exit points and benefit from high risk-to-reward ratios. By emphasizing Fibonacci retracement levels, XABCD waves, the formation of bullish and bearish patterns, and precise trade entry points, this pattern has become a practical tool in advanced technical analysis. Bullish Nen-Star Pattern : Bearish Nen-Star Pattern : 🔵 How to Use The Nen-Star Harmonic Pattern indicator allows traders to automatically identify the bullish and bearish structures of this pattern and locate optimal entry and exit points. By accurately analyzing Fibonacci ratios and determining points X, A, B, C, and D, the indicator highlights Potential Reversal Zones (PRZ) on the chart. Traders can rely on the generated signals to manage their trades with greater precision. 🟣 Bullish Nen-Star Pattern The bullish Nen-Star pattern begins with a price increase from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave. After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price decline to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave. Point D : Serves as the key Potential Reversal Zone (PRZ). Entry : A buy trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price increase. Price Targets : 61.8% retracement of the CD wave Point A Point C 1.272 and 1.618 extensions of the CD wave if resistance at point C is broken Stop Loss : Placed slightly below point D. 🟣 Bearish Nen-Star Pattern The bearish Nen-Star pattern starts with a price decrease from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave. After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price increase to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave. Point D : Serves as the key Potential Reversal Zone (PRZ). Entry : A sell trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price decline. Price Targets : 61.8% retracement of the CD wave Point A Point C 1.272 and 1.618 extensions of the CD wave if support at point C is broken Stop Loss : Placed slightly above point D. 🔵 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 Forma t: 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. 🔵 Conclusion The Nen-Star Harmonic Pattern is a highly effective analytical tool in global financial markets, playing a crucial role in identifying reversal points and market trend changes. By leveraging Fibonacci principles and price structure, this pattern enables precise analysis across various assets, including stocks, cryptocurrencies, forex, and commodities. Traders operating in global markets can use this pattern to identify high risk-to-reward trading opportunities. Its clear entry and exit points, defined Potential Reversal Zones (PRZ), and accurate price targets make it an excellent tool for risk management and profitability enhancement. In the global context, the Nen-Star pattern is widely used by professional analysts in both advanced and emerging markets due to its versatility in analyzing long-term and short-term charts. Beyond trend prediction, it enhances trading strategies and optimizes investment decisions. Combining this pattern with complementary tools such as volume analysis, technical indicators, and macroeconomic conditions can provide traders with deeper market insights, helping them capitalize on global opportunities.

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của TradingFinder

Smart Money Breakouts [iskess 01-02 11:05]This is an big update to the excellent Smart Money Breakout Script published in Oct 2023 by ChartPrime who, to my knowledge, was the original author. FULL CREDIT GOES TO CHARTPRIME FOR THIS ORIGINAL WORK. Per the moderator's rules, you will find below a meaningful, detailed self-contained description that does not rely on delegation to the open source code or links to other content. You will find in the description details on what the script does, how it does that, how to use it, and how it is original. The "Smart Money Breakouts" indicator is designed to identify breakouts based on changes in character (CHOCH) or breaks of structure (BOS) patterns, facilitating automated trading with user-defined Take Profit (TP) level. The indicator incorporates essential elements such as volume analysis and a data table to assist traders in optimizing their strategies. 🔸Breakout Detection: The indicator scans price movements for "Change in Character" (CHOCH) and "Break of Structure" (BOS) patterns, signaling potential breakout opportunities in the market. 🔸User-Defined TP/SL : Traders can customize the Take Profit (TP) and Stop Loss (SL) through the indicator settings, with these levels dynamically calculated based on the Average True Range (ATR). This allows for precise risk management and profit targets that adapt to market volatility. Traders can also select the lookback period for the TP/SL calculations. 🔸Volume Analysis and Trade Direction Specific Analysis: The indicator includes a volume checker that provides valuable insights into the strength of the breakout, taking into account trade direction. 🔸If the volume label is red and the trade is long, it suggests a higher likelihood of hitting the Stop Loss (SL). 🔸If the volume label is green and the trade is long, it indicates a higher probability of hitting the Take Profit (TP). 🔸For short trades, a red volume label suggests a higher likelihood of hitting TP, while a green label suggests a higher likelihood of hitting SL. 🔸A yellow volume label suggests that the volume is inconclusive, neither favoring bullish nor bearish movements. 🔸Data Table: The indicator features a data table that keeps track of the number of winning and losing trades for specific timeframes or configurations. It also shows the percentage of profits vs losses, and the overall profit/loss for the selected lookback period. This table serves as a valuable tool for traders to analyze performance and discover optimal settings and timeframes. The "Smart Money Breakouts" indicator provides traders with a comprehensive solution for breakout trading, combining technical analysis of changes in character and breaks of structure, volume insights, and performance tracking while dynamically adjusting TP and SL levels based on market volatility through the ATR. This version of the script is a "significant improvement" from Chart Prime's original work in the following ways: - A selectable range of candles for the profit/loss calculations to look back on. - An updated table that includes the percentage of wins/losses, and and overall P&L during the selected lookback range. - The user can now select only Long trades, Short trades, or both. - The percentage gain/loss is now indicated for every trade on the chart. - The user can now select a different multiplier for Stop Loss or Take Profit thresholds.

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Support and Resistance Non-Repainting [AlgoAlpha]Elevate your technical analysis with the Non-Repainting Support and Resistance indicator from AlgoAlpha. Designed for traders who value precision, this tool highlights key support and resistance zones without repainting, ensuring reliable signals for better market decisions. Key Features 🔍 Concise Zones: Identifies critical levels in real-time without repainting. 🖍 Customizable Appearance: Choose your preferred colors for bullish and bearish zones. 📏 Pivot Sensitivity Settings: Adjust the lookback period to fit different market conditions. 🔔 Visual Alerts: Highlights zones on your chart with clear, dynamic boxes and lines. How to Use Add the Indicator : Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy. Analyze the Chart : Look for zones where prices frequently react, indicating strong support or resistance. Set Alerts : Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves. How It Works The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingView’s built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.

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của AlgoAlpha

Alternate Bat Harmonic Pattern [TradingFinder] ALT Bat Indicator 🔵 Introduction The Alternate Bat harmonic pattern is one of the most precise and practical tools in technical analysis, introduced by Scott Carney in 2003. This pattern focuses on specific Fibonacci ratios, such as 0.382 at point B and 1.13XA at point D, to identify Potential Reversal Zones (PRZ) where price is likely to reverse. The Alternative Bat pattern emerged as a result of repeated failures observed in the standard Bat pattern. Traders entering trades near the 0.886XA level of the standard Bat often encountered losses. In the Alternate Bat, point D extends beyond 0.886XA, typically reversing at 1.13XA, offering a more accurate identification of the reversal zone. A key characteristic of this pattern is its M- or W-shaped structure, where the midpoint B retraces 0.382XA or less. Additionally, the CD leg requires an extension of 2.0 to 3.618 to complete the pattern. Due to its accuracy and the predictable behavior of price near the PRZ, the Alternate Bat pattern is recognized as a powerful tool for forecasting price reversals. In the bullish Alternative Bat pattern, an M-shaped structure forms. After an initial upward movement (XA), price undergoes a short correction at point B (0.382XA) and then declines toward point D (1.13XA and an extension of 2.0 to 3.618BC), where a potential upward reversal is expected. In the bearish Alternate Bat pattern, a W-shaped structure forms. After an initial downward movement (XA), price retraces slightly at point B (0.382XA) and then rises toward point D (1.13XA and an extension of 2.0 to 3.618BC), where a potential downward reversal is anticipated. 🔵 How to Use The Alternate Bat harmonic pattern is a key tool for identifying potential reversal zones (PRZ) in the market. By leveraging the 0.382 retracement at point B and the 1.13XA extension at point D, along with symmetrical price structures, this pattern offers precise reversal opportunities in both bullish and bearish market conditions. 🟣 Bullish Alternate Bat Pattern The bullish Alternate Bat pattern forms during a downtrend, signaling a potential reversal to the upside. This pattern consists of three downward movements with two corrective waves, ultimately reaching point D, which marks the PRZ. At the PRZ, the convergence of Fibonacci levels—1.13XA and extensions ranging from 2.0 to 3.618BC—creates a strong support zone where price is likely to reverse upward. 🟣 Bearish Alternative Bat Pattern The bearish Alternate Bat pattern develops during an uptrend, indicating a potential reversal to the downside. This pattern features three upward price movements with two retracements, ending at point D, where the PRZ forms. Point D is defined by the 1.13XA extension and the 2.0 to 3.618BC projection, creating a strong resistance zone where price is expected to reverse downward. 🔵 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. 🔵 Conclusion The Alternate Bat harmonic pattern, with its precise Fibonacci ratios like 0.382 and 1.13XA, is a reliable tool for identifying Potential Reversal Zones (PRZ) in financial markets. By recognizing symmetrical price structures and focusing on both bullish and bearish scenarios, traders can identify optimal entry and exit points with high accuracy. The key strength of this pattern lies in its ability to define strong support and resistance zones near the PRZ, increasing the probability of price reversals. Combining the pattern with candlestick confirmations and volume analysis enhances its effectiveness. Ultimately, incorporating the Alternative Bat pattern with proper risk management and Fibonacci-based targets allows traders to enter the market confidently and capitalize on potential price reversals.

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của TradingFinder

Liquidity Indicator The Liquidity Indicator helps identify key price levels where liquidity may be concentrated by highlighting local highs and local lows on the chart. These levels are calculated using a lookback period to determine the highest and lowest points in the recent price action. Local Highs: Displayed as red lines, these indicate recent peaks where price has experienced rejection or a possible reversal point. Local Lows: Displayed as green lines, these represent recent troughs where price may find support or experience a bounce. This indicator is useful for spotting potential areas of interest for price reversal or continuation, as high liquidity zones may lead to more significant price movements. Key Features: Adjustable lookback period to define the scope for identifying local highs and lows. Continuous plotting without any time restrictions, providing real-time insights into liquidity conditions. Alerts available for when a local high or local low is detected, enabling timely market analysis. Use Case: This indicator can be used in conjunction with other technical analysis tools or strategies to help identify significant price levels where liquidity could impact price action. It is suitable for both intraday and swing traders looking for key price zones where potential reversals or continuations might occur.

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của The_Forex_Steward

PDH & PDL Indicator: Previous Day's High/Low with Alerts The PDH & PDL Indicator plots the Previous Day's High (PDH) and Previous Day's Low (PDL) directly on the chart, providing a clear visual reference for key price levels. These levels are often used by traders to identify potential breakout or breakdown zones and to gauge market strength or weakness. Features: PDH (Green Line) : Represents the high of the previous trading day. PDL (Red Line): Represents the low of the previous trading day. Alerts: Get notified when the price crosses above PDH or below PDL. Custom alert messages to keep you informed in real-time. Use Cases: Identify key breakout and breakdown points for potential trade entries or exits. Confirm the strength of a trend by monitoring price action relative to PDH and PDL. Useful for intraday, swing, and positional traders who rely on historical price levels for strategy development.

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của JS_Trading_Tradingmadesimple

Harmonic Pattern Detector (75 patterns)Harmonic Pattern Detector offers a record amount of "Harmonic Patterns" in one script, with 75 different patterns detected, together with up to 99 different swing lengths. 🔶 USAGE Harmonic Patterns are detected from several different ZigZag lines, derived from Swings with different lengths (shorter - longer term) Depending on the settings ' Minimum/Maximum Swing Length ', the user will see more or less patterns from shorter and/or longer-term swing points. 🔹 Fibonacci Ratio Certain patterns have only one ratio for a specific retrace/extension instead of one upper and one lower limit. In this case, we add a ' Tolerance ', which adds a percentage tolerance below/above the ratio, creating two limits. A higher number may show more patterns but may become less valid. Hoovering over points B, C, and D will show a tooltip with the concerning limits; adjusted limits will be seen if applicable. Tooltips in settings will also show which patterns the Fibonacci Ratio applies to. 🔹 Triangle Area Ratio Using Heron's formula , the triangle area is calculated after the X-Y axis is normalized. Users can filter patterns based on the ratio of the smallest triangle to the largest triangle. A lower Triangle Area Ratio number leads to more symmetrical patterns but may appear less frequently. 🔶 DETAILS Harmonic patterns are based on geometric patterns, where the retracement/extension of a swing point must be located between specific Fibonacci ratios of the previous swing/leg. Different Harmonic Patterns require unique ratios to become valid patterns. In the above example there is a valid 'Max Butterfly' pattern where: Point B is located between 0.618 - 0.886 retracement level of the X-A leg Point C is located between 0.382 - 0.886 retracement level of the A-B leg Point D is located between 1.272 - 2.618 extension level of the B-C leg Point D is located between 1.272 - 1.618 extension level of the X-A leg Harmonic Pattern Detector uses ZigZag lines, where swing highs and swing lows alternate. Each ZigZag line is checked for valid Harmonic Patterns . When multiple types of Harmonic Patterns are valid for the same sequence, the pattern will be named after the first one found. Different swing lengths form different ZigZag lines. By evaluating different ZigZag lines (up to 99!), shorter—and longer-term patterns can be drawn on the same chart. 🔹 Blocks The patterns are organized into blocks that can be toggled on or off with a single click. When a block is enabled, the user can still select which specific patterns within that block are enabled or disabled. 🔹 Visuals Besides color settings, labels can show pattern names or arrows at point D of the pattern. Note this will happen 1 bar after validation because one extra bar is needed for confirmation. An option is included to show only arrows without the patterns. 🔹 Updated Patterns When a Swing Low is followed by a lower low or a Swing High followed by a higher high , triggering a pattern identical to a previous one except with a different point D, the pattern will be updated. The previous C-D line will be visible as a dashed line to highlight the event. Only the last dashed line is shown when this happens more than once. 🔹 Optimization The script only verifies the last leg in the initial phase, significantly reducing the time spent on pattern validation. If this leg doesn't align with a potential Harmonic Pattern , the pattern is immediately disregarded. In the subsequent phase, the remaining patterns are quickly scrutinized to ensure the next leg is valid. This efficient process continues, with only valid patterns progressing to the next phase until all sequences have been thoroughly examined. This process can check up to 99 ZigZag lines for 75 different Harmonic Patterns , showcasing its high capacity and versatility. 🔹 Ratios The following table shows the different ratios used for each Harmonic Pattern . ' min ' and ' max ' are used when only one limit is provided instead of 2. This limit is given a percentage tolerance above and below, customizable by the setting ' Tolerance - Fibonacci Ratio '. For example a ratio of 0.618 with a tolerance of 1% would result in: an upper limit of 0.624 a lower limit of 0.612 |-------------------|------------------------|------------------------|-----------------------|-----------------------| | NAME PATTERN | BCD (BD) | ABC (AC) | XAB (XB) | XAD (XD) | | | min max | min max | min max | min max | |-------------------|------------------------|------------------------|-----------------------|-----------------------| | 'ABCD' | 1.272 - 1.618 | 0.618 - 0.786 | | | | '5-0' | 0.5 *min - 0.5 *max | 1.618 - 2.24 | 1.13 - 1.618 | | | 'Max Gartley' | 1.128 - 2.236 | 0.382 - 0.886 | 0.382 - 0.618 | 0.618 - 0.786 | | 'Gartley' | 1.272 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max | | 'A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max | | 'NN Gartley' | 1.128 - 1.618 | 0.382 - 0.886 | 0.618*min - 0.618*max | 0.786*min - 0.786*max | | 'NN A Gartley' | 1.618*min - 1.618*max | 1.128 - 2.618 | 0.618 - 0.786 | 1.272*min - 1.272*max | | 'Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max | | 'Alt Bat' | 2.0 - 3.618 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max | | 'A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max | | 'Max Bat' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.618 | 0.886*min - 0.886*max | | 'NN Bat' | 1.618 - 2.618 | 0.382 - 0.886 | 0.382 - 0.5 | 0.886*min - 0.886*max | | 'NN Alt Bat' | 2.0 - 4.236 | 0.382 - 0.886 | 0.382*min - 0.382*max | 1.128*min - 1.128*max | | 'NN A Bat' | 2.0 - 2.618 | 1.128 - 2.618 | 0.382 - 0.618 | 1.128*min - 1.128*max | | 'NN A Alt Bat' | 2.618*min - 2.618*max | 1.128 - 2.618 | 0.236 - 0.5 | 0.886*min - 0.886*max | | 'Butterfly' | 1.618 - 2.618 | 0.382 - 0.886 | 0.786*min - 0.786*max | 1.272 - 1.618 | | 'Max Butterfly' | 1.272 - 2.618 | 0.382 - 0.886 | 0.618 - 0.886 | 1.272 - 1.618 | | 'Butterfly 113' | 1.128 - 1.618 | 0.618 - 1.0 | 0.786 - 1.0 | 1.128*min - 1.128*max | | 'A Butterfly' | 1.272*min - 1.272*max | 1.128 - 2.618 | 0.382 - 0.618 | 0.618 - 0.786 | | 'Crab' | 2.24 - 3.618 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max | | 'Deep Crab' | 2.618 - 3.618 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max | | 'A Crab' | 1.618 - 2.618 | 1.128 - 2.618 | 0.276 - 0.446 | 0.618*min - 0.618*max | | 'NN Crab' | 2.236 - 4.236 | 0.382 - 0.886 | 0.382 - 0.618 | 1.618*min - 1.618*max | | 'NN Deep Crab' | 2.618 - 4.236 | 0.382 - 0.886 | 0.886*min - 0.886*max | 1.618*min - 1.618*max | | 'NN A Crab' | 1.128 - 2.618 | 1.128 - 2.618 | 0.236 - 0.447 | 0.618*min - 0.618*max | | 'NN A Deep Crab' | 1.128*min - 1.128*max | 1.128 - 2.618 | 0.236 - 0.382 | 0.618*min - 0.618*max | | 'Cypher' | 1.272 - 2.00 | 1.13 - 1.414 | 0.382 - 0.618 | 0.786*min - 0.786*max | | 'New Cypher' | 1.272 - 2.00 | 1.414 - 2.14 | 0.382 - 0.618 | 0.786*min - 0.786*max | | 'Anti New Cypher' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 1.272*min - 1.272*max | | 'Shark 1' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 0.886*min - 0.886*max | | 'Shark 1 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 1.128*min - 1.128*max | | 'Shark 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.382 - 0.618 | 1.128*min - 1.128*max | | 'Shark 2 Alt' | 1.618 - 2.618 | 0.618 - 0.886 | 0.446 - 0.618 | 0.886*min - 0.886*max | | 'Leonardo' | 1.128 - 2.618 | 0.382 - 0.886 | 0.5*min - 0.5*max | 0.786*min - 0.786*max | | 'NN A Leonardo' | 2.0*min - 2.0*max | 1.128 - 2.618 | 0.382 - 0.886 | 1.272*min - 1.272*max | | 'Nen Star' | 1.272 - 2.0 | 1.414 - 2.14 | 0.382 - 0.618 | 1.272*min - 1.272*max | | 'Anti Nen Star' | 1.618 - 2.618 | 0.467 - 0.707 | 0.5 - 0.786 | 0.786*min - 0.786*max | | '3 Drives' | 1.272 - 1.618 | 0.618 - 0.786 | 1.272 - 1.618 | 1.618 - 2.618 | | 'A 3 Drives' | 0.618 - 0.786 | 1.272 - 1.618 | 0.618 - 0.786 | 0.13 - 0.886 | | '121' | 0.382 - 0.786 | 1.128 - 3.618 | 0.5 - 0.786 | 0.382 - 0.786 | | 'A 121' | 1.272 - 2.0 | 0.5 - 0.786 | 1.272 - 2.0 | 1.272 - 2.618 | | '121 BG' | 0.618 - 0.707 | 1.128 - 1.733 | 0.5 - 0.577 | 0.447 - 0.786 | | 'Black Swan' | 1.128 - 2.0 | 0.236 - 0.5 | 1.382 - 2.618 | 1.128 - 2.618 | | 'White Swan' | 0.5 - 0.886 | 2.0 - 4.237 | 0.382 - 0.786 | 0.238 - 0.886 | | 'NN White Swan' | 0.5 - 0.886 | 2.0 - 4.236 | 0.382 - 0.724 | 0.382 - 0.886 | | 'Sea Pony' | 1.618 - 2.618 | 0.382 - 0.5 | 0.128 - 3.618 | 0.618 - 3.618 | | 'Navarro 200' | 0.886 - 3.618 | 0.886 - 1.128 | 0.382 - 0.786 | 0.886 - 1.128 | | 'May-00' | 0.5 - 0.618 | 1.618 - 2.236 | 1.128 - 1.618 | 0.5 - 0.618 | | 'SNORM' | 0.9 - 1.1 | 0.9 - 1.1 | 0.9 - 1.1 | 0.618 - 1.618 | | 'COL Poruchik' | 1.0 *min - 1.0 *max | 0.382 - 2.618 | 0.128 - 3.618 | 0.618 - 3.618 | | 'Henry – David' | 0.618 - 0.886 | 0.44 - 0.618 | 0.128 - 2.0 | 0.618 - 1.618 | | 'DAVID VM 1' | 1.618 - 1.618 | 0.382*min - 0.382*max | 0.128 - 1.618 | 0.618 - 3.618 | | 'DAVID VM 2' | 1.618 - 1.618 | 0.382*min - 0.382*max | 1.618 - 3.618 | 0.618 - 7.618 | | 'Partizan' | 1.618*min - 1.618*max | 0.382*min - 0.382*max | 0.128 - 3.618 | 0.618 - 3.618 | | 'Partizan 2' | 1.618 - 2.236 | 1.128 - 1.618 | 0.128 - 3.618 | 1.618 - 3.618 | | 'Partizan 2.1' | 1.618*min - 1.618*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 | | 'Partizan 2.2' | 2.236*min - 2.236*max | 1.128*min - 1.128*max | 0.128 - 3.618 | 0.618 - 3.618 | | 'Partizan 2.3' | 1.618*min - 1.618*max | 0.618 - 1.618 | 0.128 - 3.618 | 0.618 - 3.618 | | 'Partizan 2.4' | 2.236*min - 2.236*max | 1.618*min - 1.618*max | 0.128 - 3.618 | 0.618 - 3.618 | | 'TOTAL' | 1.272 - 3.618 | 0.382 - 2.618 | 0.276 - 0.786 | 0.618 - 1.618 | | 'TOTAL NN' | 1.272 - 4.236 | 0.382 - 2.618 | 0.236 - 0.786 | 0.618 - 1.618 | | 'TOTAL 1' | 1.272 - 2.618 | 0.382 - 0.886 | 0.382 - 0.786 | 0.786 - 0.886 | | 'TOTAL 2' | 1.618 - 3.618 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 | | 'TOTNN 2NN' | 1.618 - 4.236 | 0.382 - 0.886 | 0.382 - 0.786 | 1.128 - 1.618 | | 'TOTAL 3' | 1.272 - 2.618 | 1.128 - 2.618 | 0.276 - 0.618 | 0.618 - 0.886 | | 'TOTNN 3NN' | 1.272 - 2.618 | 1.128 - 2.618 | 0.236 - 0.618 | 0.618 - 0.886 | | 'TOTAL 4' | 1.618 - 2.618 | 1.128 - 2.618 | 0.382 - 0.786 | 1.128 - 1.272 | | 'BG 1' | 2.618*min - 2.618*max | 0.382*min - 0.382*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 2' | 2.237*min - 2.237*max | 0.447*min - 0.447*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 3' | 2.0 *min - 2.0 *max | 0.5 *min - 0.5 *max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 4' | 1.618*min - 1.618*max | 0.618*min - 0.618*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 5' | 1.414*min - 1.414*max | 0.707*min - 0.707*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 6' | 1.272*min - 1.272*max | 0.786*min - 0.786*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 7' | 1.171*min - 1.171*max | 0.854*min - 0.854*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | | 'BG 8' | 1.128*min - 1.128*max | 0.886*min - 0.886*max | 0.128 - 0.886 | 1.0 *min - 1.0 *max | |-------------------|------------------------|------------------------|-----------------------|-----------------------| 🔶 SETTINGS 🔹 Swings Minimum Swing Length: Minimum length used for the swing detection. Maximum Swing Length: Maximum length used for the swing detection. 🔹 Patterns Toggle Pattern Block Toggle separate pattern in each Pattern Block 🔹 Tolerance Fibonacci Ratio: Adds a percentage tolerance below/above the ratio when only one ratio applies, creating two limits. Triangle Area Ratio: Filters patterns based on the ratio of the smallest triangle to the largest triangle. 🔹 Display Labels: Display Pattern Names, Arrows or nothing Patterns: Display or not Last Line: Display previous C-D line when updated 🔹 Style Colors: Pattern Lines/Names/Arrows - background color of patterns Text Size: Text Size of Pattern Names/Arrows 🔹 Calculation Calculated Bars: Allows the usage of fewer bars for performance/speed improvement

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3 Drive Harmonic Pattern [TradingFinder] Three Drive Reversal 🔵 Introduction The Three Drive harmonic pattern closely resembles other price structures such as Wedge Pattern and Three Push Pattern, yet it stands out due to its precise use of Fibonacci ratios and symmetrical price movements. This pattern comprises three consecutive and symmetrical price drives, each validated by key Fibonacci ratios (1.27 and 1.618), which help identify critical Potential Reversal Zones (PRZ). Unlike the Wedge, which relies on converging trend lines and can indicate either continuation or reversal, and the Three Push, which lacks defined Fibonacci ratios and symmetry, the Three Drive pattern defines PRZ with greater accuracy, providing traders with high-probability trading opportunities. This pattern appears in both bullish and bearish trends. After the completion of the third drive (Drive 3), it signals the market's readiness to reverse direction. The PRZ in this pattern serves as a crucial zone where price is highly likely to reverse, offering a strategic point for entering or exiting trades. Professional traders utilize the Three Drive pattern and PRZ as essential tools for analyzing and capitalizing on potential market reversals. Bullish Pattern : Bearish Pattern : 🔵 How to Use The Three Drive harmonic pattern is an effective tool for identifying potential reversal points in the market. By utilizing Fibonacci extension levels (1.27 and 1.618) and focusing on the pattern’s symmetry, traders can pinpoint Potential Reversal Zones (PRZ) where the price is likely to change direction. This pattern works in both bearish and bullish scenarios, each with distinct characteristics and trading opportunities. 🟣 Bullish Three Drive Pattern The bullish Three Drive pattern develops during a downtrend, indicating a potential reversal to the upside. Similar to its bearish counterpart, this pattern features three consecutive downward price movements (drives) with retracements in between. The third drive concludes within the PRZ, which serves as a strong support zone where the price is expected to reverse upwards. The first drive begins with a downward movement, followed by a retracement to the 0.618 Fibonacci level. The second drive continues downward to reach a 1.27 or 1.618 Fibonacci extension of the retracement. Finally, the third drive aligns with the PRZ, where a confluence of Fibonacci levels creates a high-probability support zone. In the PRZ, traders look for bullish confirmation signals such as bullish candlestick patterns (e.g., bullish engulfing or pin bars) or increasing trading volume. Once confirmation is observed, the PRZ becomes an ideal entry point for a buy position. Stop-loss orders are placed slightly below the PRZ to minimize risk, while take-profit targets are set at key resistance levels or Fibonacci retracement levels. 🟣 Bearish Three Drive Pattern The bearish Three Drive pattern forms during an uptrend, signaling a potential reversal to the downside. This pattern consists of three consecutive upward price movements (drives) and intermediate retracements. Each drive aligns with Fibonacci extension levels, and the third drive ends within the PRZ, indicating a high probability of a bearish reversal. In the first drive, the price moves upward and then retraces to approximately the 0.618 Fibonacci retracement level, forming the base for the second drive. The second drive then extends upward to the 1.27 or 1.618 Fibonacci extension of the preceding retracement. This process repeats for the third drive, which reaches the PRZ, typically defined by the convergence of Fibonacci levels from previous drives. Once the PRZ is identified, traders look for confirmation signals such as bearish candlestick patterns (e.g., bearish engulfing or pin bars) or declining trading volume. If confirmation is present, the PRZ becomes an optimal zone for entering a sell position. Stop-loss levels are typically placed slightly above the PRZ to protect against pattern failure, and take-profit targets are set at key support levels or Fibonacci retracement levels of the overall structure. 🟣 Three Drive Vs Wedge Pattern Vs 3 Push pattern The Three Drive, Wedge, and Three Push patterns are all used to identify potential price reversal points, but they differ significantly in structure and application. The Three Drive pattern is based on three consecutive and symmetrical price movements, validated by precise Fibonacci ratios (1.27 and 1.618), to define Potential Reversal Zones (PRZ). In contrast, the Wedge pattern relies on converging trend lines and does not require Fibonacci ratios; it can act as either a reversal or continuation pattern. Meanwhile, the Three Push pattern shares similarities with Three Drive but lacks precise symmetry and Fibonacci-based validation. Instead of a PRZ, Three Push focuses on identifying areas of support and resistance, often signaling weakening momentum in the current trend. Among these, the Three Drive pattern is more reliable for pinpointing high-probability reversal zones due to its strict Fibonacci-based and symmetrical structure. 🔵 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. 🔵 Conclusion The Three Drive pattern is a highly effective harmonic tool for identifying potential reversal points in the market. By leveraging its symmetrical structure and precise Fibonacci ratios (1.27 and 1.618), this pattern provides traders with clear entry and exit signals, enhancing the accuracy of their trades. Whether in bullish or bearish scenarios, the identification of the Potential Reversal Zone (PRZ) serves as a critical aspect of this pattern, enabling traders to anticipate price movements with greater confidence. Compared to similar patterns like Wedge and Three Push, the Three Drive pattern stands out for its stringent reliance on Fibonacci levels and symmetrical price movements, making it a more robust choice for forecasting reversals. However, as with any technical analysis tool, its effectiveness increases when combined with confirmation signals, such as candlestick patterns, volume analysis, and broader market context. Mastering the Three Drive pattern requires practice and attention to detail, especially in accurately defining the PRZ and ensuring the pattern adheres to its criteria. Traders who consistently apply this pattern as part of a comprehensive trading strategy can capitalize on high-probability opportunities and improve their overall performance in the market.

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của TradingFinder

Double Top/Bottom [AlgoAlpha]Introducing the Double Top/Bottom Indicator by AlgoAlpha, a powerful tool designed to identify key reversal patterns in the market with precision. This indicator meticulously detects double tops and double bottoms, helping traders recognize potential trend reversals and make informed trading decisions. Key Features: 🔍 Pattern Detection : Accurately identifies double top and double bottom formations based on customizable time horizons. 🎨 Customizable Appearance : Choose your preferred colors for bullish and bearish trends to match your trading style. 📊 Signal Labels : Option to display only the second pivot of the double top/bottom for a cleaner chart view. 🔧 Flexible Settings : Adjust the time horizon to control the look-back period, allowing for detection of both short-term and long-term patterns. 📈 Visual Enhancements : Draws trend lines and fills between pivotal points to visually highlight potential reversal zones. 🔔 Alerts : Set up alerts for potential double top and double bottom formations to stay informed of key market movements. How to Use the Double Top/Bottom Indicator : 🛠 Add the Indicator : Simply add the Double Top/Bottom Indicator to your TradingView chart from your favorites. Customize the time horizon and appearance settings to fit your trading preferences. 📊 Analyze Patterns : Watch for the identified double top and double bottom patterns along with the corresponding trend lines and filled areas to anticipate potential market reversals. 🔔 Set Alerts : Enable alerts to receive notifications when double top or double bottom patterns are detected, ensuring you never miss a critical trading opportunity. How It Works : The indicator scans the price action for pivot highs and lows within a specified time horizon, identifying potential double top and double bottom patterns. It maintains a sequence of these pivots and verifies the formation of these patterns based on the relationship between consecutive pivots and the proximity to a defined limit. When a double top or double bottom is confirmed, the indicator marks the second pivot point with a label and draws trend lines to visualize the reversal pattern. Additionally, it provides alert conditions to notify traders of potential confirmations, enhancing decision-making without cluttering the chart. ⚠️ Important Reminder : The labels indicating double tops and bottoms appear with a delay and are intended to mark the formations after they have already formed. They are not meant to be used as real-time trading signals. While they align perfectly with pivot points in hindsight, please use them as markers for analysis rather than immediate trading triggers.

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của AlgoAlpha

BTC CME Futures Divergence Tracker This script tracks divergences between price action and open interest for the BTC CME Futures contract (symbol "BTC1!") using the following components: Key Features: 1. Price Analysis: Identifies lower highs in the price over a specified lookback period. Marks these points with red upward-facing triangles above the bars. 2. Open Interest Analysis: Retrieves open interest (OI) data for the BTC CME Futures contract via request.security. Detects lower highs in open interest over the same lookback period. Highlights these points with blue downward-facing triangles below the bars. 3. Divergence Detection: A divergence is identified when both price and open interest form lower highs simultaneously. Highlights such occurrences with a purple background, indicating potential bearish sentiment or weakening momentum. 4. Alerts: If divergences are detected, an alert is triggered (if enabled), notifying the trader to take action. 5. Visualization: Open interest is plotted as a blue line in a separate pane for added context. Red and blue markers highlight significant points in price and open interest trends. Use Cases: - Spot Weakening Trends: Divergences between price and open interest may indicate a loss of momentum or bearish sentiment, allowing traders to preemptively adjust their strategies. - Monitor Institutional Activity: Open interest changes reflect shifts in market participation, especially in derivative markets like CME Futures. - Set Alerts for Key Signals: With automated alerts, traders can stay informed of potential divergence signals without constant monitoring. Customization Options: - Lookback Period: Adjust the number of bars used to detect lower highs. - Timeframe: Choose the timeframe for fetching open interest data (e.g., daily, hourly). - Alert Activation: Enable or disable alerts for divergences. This tool combines price action with open interest dynamics to provide a robust method for identifying market trends and potential reversals in BTC CME Futures.

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Candlestick Pattern Scanner Candlestick Pattern Scanner This indicator identifies popular candlestick patterns on the chart and provides visual and alert-based support for traders. Based on technical analysis, it provides insights into potential trend reversals or continuation signals in price action. The following patterns are detected and marked: 1. Bullish Engulfing Definition: Considered a strong bullish signal. A small red candle is followed by a large green candle that completely engulfs the previous one. Chart Display: Marked with a green arrow below the price bar. Alert Message: "Bullish Engulfing Pattern Detected!" 2. Bearish Engulfing Definition: Considered a strong bearish signal. A small green candle is followed by a large red candle that completely engulfs the previous one. Chart Display: Marked with a red arrow above the price bar. Alert Message: "Bearish Engulfing Pattern Detected!" 3. Doji Definition: Indicates indecision in the market. The candlestick has an opening and closing price that are almost the same, forming a very small body. Chart Display: Marked with a blue triangle below the price bar. Alert Message: "Doji Pattern Detected!" 4. Hammer Definition: Can signal a strong bullish reversal. It has a long lower shadow and a small body, often appearing at the end of a downtrend. Chart Display: Marked with an orange triangle below the price bar. Alert Message: "Hammer Pattern Detected!" 5. Shooting Star Definition: Can signal a strong bearish reversal. It has a long upper shadow and a small body, often appearing at the end of an uptrend. Chart Display: Marked with a purple triangle above the price bar. Alert Message: "Shooting Star Pattern Detected!" Features: Visual Support: Patterns are clearly marked on the chart using distinct shapes (arrows and triangles). Alerts: Receive real-time notifications through TradingView’s alert system when a pattern is detected. Versatility: Useful for identifying both trend reversals and continuation signals. User-Friendly: Patterns are easily distinguishable with unique color coding. Purpose: This indicator helps traders identify potential reversal points or strong trend beginnings in price action. It can be used as a supportive tool in scalping, swing trading, or long-term investment strategies.

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[EmreKb] Custom Pattern Custom Pattern With this indicator, you can create and display as many patterns as you want on the chart. The indicator works by taking two inputs. We can start the explanation by describing these inputs. Inputs Zigzag Length: Length for zigzag legs. Patternscript Code: Patternscript code. (But what is patternscript?) Explanation Of Patternscript Patternscript (it's a completely fictional script language) is a scripting language that allows you to write your own patterns, and it operates within Pinescript). Let's take a look at the syntax of this language. { (, ) } ... This means that the Fibonacci levels drawn from the from_point to the to_point must have the target_point between the min_fib_level and max_fib_level . Let's see a few practical examples. Patternscript Code For ABCD Pattern ABCD{ ABC(0.618, 0.886) BCD(1.272, 1.618) } ABC(0.618, 0.886): Fibonacci drawn from the A to B, must have the C between the 0.618 and 0.886 BCD(1.272, 1.618): Fibonacci drawn from the B to C, must have the D between the 1.272 and 1.618 Patternscript Code For Multiple Pattern BAT{ XAB(0.382, 0.5) ABC(0.382, 0.886) BCD(1.618, 2.618) XAD(0.382, 0.886) } ABCD{ ABC(0.618, 0.886) BCD(1.272, 1.618) } Notes: You can set the pattern name as you like, this is not related to the pattern rules. There is no limit for pattern count, but remember pine limits.

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ABCD Harmonic Pattern [TradingFinder] ABCD Pattern indicator 🔵 Introduction The ABCD harmonic pattern is a tool for identifying potential reversal zones (PRZ) by using Fibonacci ratios to pinpoint critical price reversal points on price charts. This pattern consists of four key points, labeled A, B, C, and D. In this structure, the AB and CD waves move in the same direction, while the BC wave acts as a corrective wave in the opposite direction. The ABCD pattern follows specific Fibonacci ratios that enhance its accuracy in identifying PRZ. Typically, point C lies within the 0.382 to 0.886 Fibonacci retracement of the AB wave, indicating the correction extent of the BC wave. Subsequently, the CD wave, as the final wave in this pattern, reaches point D with a Fibonacci extension between 1.13 and 2.618 of the BC wave. Point D, which marks the PRZ, is where a potential price reversal is likely to occur. The ABCD pattern appears in both bullish and bearish forms. In the bullish ABCD pattern, prices tend to increase at point D, which defines the PRZ; in the bearish ABCD pattern, prices typically decrease upon reaching the PRZ at point D. These characteristics make the ABCD pattern a popular tool for identifying PRZ and price reversal points in financial markets, including forex, cryptocurrencies, and stocks. Bullish Pattern : Beaish Pattern : 🔵 How to Use 🟣 Bullish ABCD Pattern The bullish ABCD pattern is another harmonic structure used to identify a potential reversal zone (PRZ) where the price is likely to rise after a downward movement. This pattern includes four main points A, B, C, and D. In the bullish ABCD, the AB and CD waves move downward, and the BC wave acts as a corrective, upward wave. This setup creates a PRZ at point D, where the price may reverse and move upward. To identify a bullish ABCD pattern, begin with the downward AB wave. The BC wave retraces upward between 0.382 and 0.886 of the AB wave, indicating the extent of the correction. After the BC retracement, the CD wave forms and extends from point C down to point D, with an extension of around 1.13 to 2.618 of the BC wave. Point D, as the PRZ, represents the area where the price may reverse upwards, making it a strategic level for potential buy positions. When the price reaches point D in the bullish ABCD pattern, traders look for upward reversal signals. This can include bullish candlestick formations, such as hammer or morning star patterns, near the PRZ to confirm the trend reversal. Entering a long position after confirmation near point D provides a calculated entry point. Additionally, placing a stop loss slightly below point D helps protect against potential loss if the reversal does not occur. The ABCD pattern, with its precise Fibonacci structure and PRZ identification, gives traders a disciplined approach to spotting bullish reversals in markets, particularly in forex, cryptocurrency, and stock trading. Bullish Pattern in COINBASE:BTCUSD : 🟣 Bearish ABCD Pattern The bearish ABCD pattern is a harmonic structure that indicates a potential reversal zone (PRZ) where price may shift downward after an initial upward movement. This pattern consists of four main points A, B, C, and D. In a bearish ABCD, the AB and CD waves move upward, while the BC wave acts as a corrective wave in the opposite, downward direction. This reversal zone (PRZ) can be identified with specific Fibonacci ratios. To identify a bearish ABCD pattern, start by observing the AB wave, which forms as an upward price movement. The BC wave, which follows, typically retraces between 0.382 to 0.886 of the AB wave. This retracement indicates how far the correction goes and sets the foundation for the next wave. Finally, the CD wave extends from point C to reach point D with a Fibonacci extension of approximately 1.13 to 2.618 of the BC wave. Point D represents the PRZ where the potential reversal may occur, making it a critical area for traders to consider short positions. Once point D in the bearish ABCD pattern is reached, traders can anticipate a downward price movement. At this potential reversal zone (PRZ), traders often wait for additional bearish signals or candlestick patterns, such as engulfing or evening star formations, to confirm the price reversal. This confirmation around the PRZ enhances the accuracy of the entry point for a bearish position. Setting a stop loss slightly above point D can help manage risk if the price doesn’t reverse as anticipated. The ABCD pattern, with its reliance on Fibonacci ratios and clearly defined points, offers a strategic approach for traders looking to capitalize on potential bearish reversals in financial markets, including forex, stocks, and cryptocurrencies. Bearish Pattern in OANDA:XAUUSD : 🔵 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 Forma t: 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. 🟣 Conclusion The ABCD harmonic pattern offers a structured approach in technical analysis, helping traders accurately identify potential reversal zones (PRZ) where price movements may shift direction. By leveraging the relationships between points A, B, C, and D, alongside specific Fibonacci ratios, traders can better anticipate points of market reversal and make more informed decisions. Both the bearish and bullish ABCD patterns enable traders to pinpoint ideal entry points that align with anticipated market shifts. In a bearish ABCD, point D within the PRZ often signals a downward trend reversal, while in a bullish ABCD, this same point typically suggests an upward reversal. The adaptability of the ABCD pattern across different markets, such as forex, stocks, and cryptocurrencies, further highlights its utility and reliability. Integrating the ABCD pattern into a trading strategy provides a methodical and calculated approach to entry and exit decisions. With accurate application of Fibonacci ratios and confirmation of the PRZ, traders can enhance their trading precision, reduce risks, and boost overall performance. The ABCD harmonic pattern remains a valuable resource for traders aiming to leverage structured patterns for consistent results in their technical analysis.

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của TradingFinder

5-0 Harmonic Pattern [TradingFinder] 0XABCD 50 Harmonic Detector 🔵 Introduction Harmonic patterns are a powerful tool in technical analysis, widely used to detect reversal points and trend changes. Among these, the 5-0 Harmonic Pattern stands out due to its reliance on specific Fibonacci ratios—1.13, 1.618, 2.24, and 0.45 to 0.55—anchored at points 0, X, A, B, C, and D. This pattern provides a structured approach for identifying critical buy and sell points, helping traders achieve optimal entry and exit levels in volatile markets. This 5-0 Harmonic Pattern indicator automatically detects and marks bullish and bearish formations on the chart, offering precise trading signals based on established harmonic ratios. With its dynamic signals, the 5-0 pattern enables traders to anticipate market movements and capitalize on favorable price trends. Especially in fast-moving markets, harmonic patterns, particularly the 5-0 Harmonic Pattern, equip traders with an essential framework for identifying reversal opportunities and refining their trading strategies. Bullish 5-0 Pattern : Bearish 5-0 Pattern : 🔵 How to Use The 5-0 Harmonic Pattern indicator is designed to automatically mark the key levels of the harmonic structure: 0, X, A, B, C, and D. By doing so, it detects both bullish and bearish patterns and helps traders recognize optimal entry and exit points. Formed through specific Fibonacci levels, this pattern signals potential shifts in trend direction, giving traders critical insights for managing entries and exits effectively. The tool proves valuable in high-volatility settings, enabling traders to leverage these signals for refined decision-making. 🟣 Bullish 5-0 Pattern A bullish 5-0 pattern materializes when Fibonacci levels indicate a potential price reversal to the upside. With points 0, X, A, B, C, and D in alignment, the indicator highlights this upward momentum by displaying a green arrow as a buy signal on the chart. This marking provides a clear entry point, indicating that prices are likely to rise, making it a prime moment for traders to enter long positions. Additionally, the bullish 5-0 pattern is equipped with tools for traders to set stop-loss and take-profit points based on harmonic lines within the pattern, which represent support and resistance levels. Using these dynamic points, traders can create a more effective risk-reward setup while following the bullish signals in a standalone harmonic strategy. 🟣 Bearish 5-0 Pattern The bearish 5-0 pattern functions similarly but signals a likely downturn. This pattern emerges when Fibonacci ratios align at points 0, X, A, B, C, and D, predicting a reversal downward. The indicator generates a sell signal, marked by a red arrow, prompting traders to exit long positions or initiate short trades to capitalize on falling prices. Traders can utilize this bearish pattern for defining exit strategies and setting key levels for stop-loss and take-profit orders. The bearish 5-0 pattern enhances traders’ abilities to gauge critical price levels and manage trade risk effectively, especially in volatile markets. For traders focused on profiting from downward trends, this indicator serves as a powerful tool for timely entries and exits. 🔵 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 Forma t: 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. Conclusion The 5-0 Harmonic Pattern indicator serves as a robust solution for technical analysts and traders looking to pinpoint market reversal points. By automatically recognizing 5-0 patterns and generating buy and sell signals based on Fibonacci ratios, this tool supports precise trend analysis and entry/exit timing. The indicator’s adjustable alerts, color themes, and pattern toggles allow for comprehensive customization, ensuring alignment with individual trading strategies. Harmonic patterns, especially the 5-0 Harmonic Pattern, guide traders in identifying high-accuracy entry and exit points, thus aiding in more informed trading decisions. By combining Fibonacci ratio analysis with real-time signal updates, this indicator provides a well-rounded approach for risk management and capitalizing on trading opportunities. Professional traders can harness this tool to enhance technical analysis precision and capitalize on price trends effectively, maximizing profitability in both bullish and bearish markets.

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Ultimate Fibonacci Trading Tool [CHE]Ultimate Fibonacci Trading Tool – Your Key to More Precise Trading Decisions! Description: Discover the Ultimate Fibonacci Trading Tool , a powerful instrument designed to revolutionize your technical analysis. This tool is crafted to assist traders of all experience levels in better understanding market movements and making informed decisions. By utilizing a higher reference period from the past, it provides you with a clear advantage in identifying critical support and resistance levels. 🌟 Key Features in Detail: 1. Automatic Timeframe Selection: - Auto Timeframe: The tool automatically detects the optimal higher reference period based on your current chart, providing more precise analysis without additional effort. - Multiplier Mode: Define the higher timeframe using a multiplier. By default set to 5, this can be adjusted to suit your individual needs. - Manual Selection: For maximum control, you can manually select the desired timeframe. 2. Customizable Fibonacci Levels: - Enable/Disable Levels: Toggle specific Fibonacci levels (e.g., 0.236, 0.382, 0.5, 0.618, etc.) on or off to personalize your analysis. - User-Defined Values: Input custom numerical values for each level to support specialized Fibonacci calculations. - Color Customization: Choose individual colors for each level to keep your charts clear and visually appealing. 3. Automatic Trend Detection: - The tool automatically identifies whether the market is in a bullish or bearish trend and adjusts the Fibonacci calculations accordingly, ensuring you always have the most relevant information at hand. 4. Period Separators with Start and Stop Labels: - Customizable Separator Lines: Visualize the beginning of new time periods with lines that you can customize in style, color, and width. - Start/Stop Labels: Clear markers help you instantly recognize critical time points and potential trend changes. 5. Flexible Label Management: - Display Styles: Decide how Fibonacci levels are presented—percentage, price level, or both—so you get the information most important to you. - Size Adjustment: Modify the size of the labels to optimize readability on your chart. - Positioning: Place labels where they make the most sense for your analysis. 6. Informative Time Period Display: - Customizable Info Box: Keep track of the reference period used with a customizable information box displayed directly on your chart. - Layout Options: Determine the size, position, background, and text colors for seamless integration into your chart environment. 🔧 Detailed Settings Options: - Timeframe Selection: - Timeframe Type: Choose between "Auto Timeframe," "Multiplier," or "Manual" to control how the reference period is calculated. - Multiplier: Set the multiplier when using the "Multiplier" mode; this value determines how many units of the current timeframe are used as the reference. - Manual Resolution: If "Manual" is selected, you can input the exact timeframe (e.g., "60," "1D," "1W"). - Fibonacci Level Settings: - Enabling Individual Levels: Toggle each Fibonacci level on or off according to your preference. - Adjusting Level Values: Enter custom numerical values for each level to perform specialized calculations. - Color Selection: Choose a unique color for each level to ensure clear differentiation. - Period Separator Settings: - Separator Color: Define the color of the separator lines to make them distinctly visible. - Separator Style: Choose between "Solid," "Dashed," or "Dotted" to adjust the style of the separator lines. - Separator Width: Set the width of the separator lines to match your chart aesthetics. - Label Management: - Label Style: Select how labels are displayed: - Default: Shows both percentage and price. - None: No labels are displayed. - Percentage: Shows only the Fibonacci level percentage. - Price: Shows only the price at the Fibonacci level. - Label Size: Adjust the size of the labels (tiny, small, normal, large, huge) for optimal readability. - Time Period Display: - Show Time Period: Enable or disable the information box displaying the reference period. - Size: Choose the size of the information box (tiny, small, normal, large, huge, auto). - Positioning: Set the vertical (top, middle, bottom) and horizontal (left, center, right) position of the box. - Color Customization: Select the background and text color of the information box to integrate it into your chart design. 📈 Why Is the Higher Reference Period Important? The Ultimate Fibonacci Trading Tool leverages a higher reference period from the past to calculate Fibonacci levels. This approach offers several advantages: - Deeper Market Analysis: By considering longer timeframes, you can uncover major market movements and trends that might be hidden in shorter periods. - More Accurate Support and Resistance Levels: Higher timeframes provide more robust Fibonacci levels that are observed by many market participants. - Better Decision-Making Foundation: With a comprehensive view of the market, you can make more informed trading decisions and minimize potential risks. 🎯 How This Tool Enhances Your Trading Strategy: - Increased Efficiency: Automate complex calculations and save valuable time. - Personalized Analysis: Adapt the tool to your individual needs and strategies. - Enhanced Precision: Utilize precise Fibonacci levels to better determine entry and exit points. - Improved Market Insight: Gain deeper understanding of market trends and structures by using higher timeframes. 🚀 Get Started Now! Don't miss the opportunity to revolutionize your chart analysis. Integrate the Ultimate Fibonacci Trading Tool into your trading routine and benefit from more precise analyses and improved trading decisions. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Best regards Chervolino

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của chervolino

Alternative Shark Harmonic Pattern [TradingFinder] ALT Shark 🔵 Introduction The Alternative Shark harmonic pattern, similar to the original Shark harmonic pattern introduced by Scott Carney, is a powerful tool in technical analysis used to identify potential reversal zones (PRZ) in financial markets. These harmonic patterns help traders spot key turning points in market trends by relying on specific Fibonacci ratios. The Alternative Shark pattern is particularly unique due to its distinct Fibonacci retracements within the PRZ, which differentiate it from the standard Shark pattern and provide traders with more precise entry and exit signals. By focusing on harmonic patterns and utilizing tools like the Harmonic Pattern Indicator, traders can easily identify both the Shark and Alternative Shark patterns, making it easier to find PRZs and capture potential trend reversals. This enhanced detection of potential reversal zones allows for better trade optimization and improved risk management. Incorporating the Alternative Shark pattern into your technical analysis strategy enables you to enhance your trading performance by identifying market reversals with greater accuracy, improving the timing of your trades, and reducing risks associated with sudden market shifts. 🟣 Understanding the Types of Alternative Shark Pattern The Alternative Shark harmonic pattern, much like the original Shark pattern, forms at the end of price trends and is divided into two types: Bullish and Bearish Alternative Shark patterns. Bullish Alternative Shark Pattern : This pattern typically forms at the end of a downtrend, signaling a potential reversal into an uptrend. Traders can use this pattern to identify buy entry points. The image below illustrates the core components of the Bullish Alternative Shark Pattern. Bearish Alternative Shark Pattern : Conversely, the Bearish Alternative Shark Pattern appears at the end of an uptrend and signals a potential reversal to a downtrend. This variation allows traders to adjust their strategies for selling. The image below outlines the characteristics of the Bearish Alternative Shark Pattern. 🟣 Differences Between Shark and Alternative Shark Patterns Although both patterns share similar structures and serve as tools for identifying price reversals, there is one key difference between them : AB to XA Ratio : In the Shark pattern, the AB leg retraces between 1 and 2 of the XA leg, whereas in the Alternative Shark pattern, this retracement is reduced to 0.382 to 0.618 of the XA leg. This difference in the retracement ratio leads to slightly different trade signals and can affect the timing of entry and exit points. Other ratios and reversal signals remain consistent between the two patterns, but this difference in the AB to XA ratio provides traders with more nuanced opportunities to optimize their trades. 🔵 How to Use 🟣 Trading with the Bullish Alternative Shark Pattern The Bullish Alternative Shark Pattern functions similarly to the traditional Bullish Shark, acting as a reversal pattern that helps traders recognize the end of a downtrend and the beginning of an uptrend. The main distinction lies in the reduced AB retracement, which can offer more refined entry signals. Once the pattern completes, traders can look to enter buy trades and place a stop-loss below the lowest point of the pattern for effective risk management. 🟣 Trading with the Bearish Alternative Shark Pattern The Bearish Alternative Shark Pattern operates much like the Bearish Shark pattern but with the adjusted AB to XA ratio. This difference provides traders with unique entry points for sell trades. Once the pattern is fully identified, traders can enter short positions, placing a stop-loss above the highest point of the pattern to safeguard against market fluctuations. 🔵 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 Forma t: 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. 🔵 Conclusion The Alternative Shark harmonic pattern, despite its structural similarity to the traditional Shark pattern, introduces a key difference in the AB to XA ratio, making it a valuable addition to the trader’s toolkit. This subtle variation enables traders to pinpoint reversal points with greater accuracy and fine-tune their trading strategies. As with any technical pattern, it is crucial to use the Alternative Shark pattern in combination with other technical indicators and strong risk management practices. Incorporating this pattern into a broader trading strategy can help traders enhance their ability to detect and capitalize on market reversals more effectively.

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của TradingFinder

Fibonacci Retracement Levels (Horizontal)With this, you should be able to see the Fibonacc-i retracement levels plotted as horizontal lines on your chart. If needed, you can adjust the len parameter to increase or decrease the lookback period used to calculate the high and low points. Horizontal Lines: I've added horizontal lines for each Fibonacci retracement level (0%, 23.6%, 38.2%, 50%, 61.8%, 100%), starting from the current bar index to ensure they extend horizontally across the chart. Labels: Labels are now placed on the right side of the chart for each level so you can easily identify the Fibonacci levels.

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của mohitesachin217

Motive Wave Scanner [Trendoscope®]Motive Wave Scanner is a simple algorithm to find out motive waves as per the rules of Elliott Wave theory. It is an extension to our previous open source script Interactive Motive Wave Checklist which provides interactive capability to select six points of a five wave formation. Once users select them, the rules of motive waves are applied to manually selected points to highlight them as either diagonal wave, motive wave or none. This indicator does the same. But, instead of requesting the pivots manually from the user, the indicator automatically picks and scans them through zigzag. We have already published a similar script as protected source. But, due to some changes in the pine engine, there have been few issues in the runtime. In this publication, we not only address those runtime issues but also making it open source for the users to make use of the source code and enhance it further. 🎲 What are motive waves Motive waves are strong upward or downward movement with 5 subwaves. Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend. Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend. 🎲 Types of Motive Waves Motive Waves are broadly classified by two types: Impulse Waves Diagonal Waves Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal. 🎲 Rules of Motive Waves 🎯 Generic Rule of any motive waves are as follows Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa) This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low of a zigzag. Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end. Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three. Here is the pictorial representation of the rules of the Motive Waves For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves. 🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are: Wave-4 never overlaps with Wave-1 price range Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5 Pictorial representation of the impulse wave rules are as below: 🎯 Rules for the Diagonal Waves are as follows Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range. But, it will not go beyond Wave-3 Waves are progressively expanding or contracting - Wave1 > Wave3 > Wave5 and Wave2 > Wave4 to be contracting diagonal. Wave1 < Wave3 < Wave5 and Wave2 < Wave4 to be expanding diagonal wave. Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation. Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation. 🎲 Indicator Settings Indicator settings are defined as below: Repaint Warning : If Repaint is selected, the indicator will throw a runtime error after certain bars or when alerts are set. This is due to some pine internal issue. At present, we do not have any solution for this until the internal issue is resolved by Tradingview Pine Team.

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của Trendoscope

Cypher Harmonic Pattern [TradingFinder] Cypher Pattern Detector 🔵 Introduction The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in determining entry and exit points in the financial markets. The reversal point typically occurs in the XD region, with the Fibonacci ratio ranging between 0.768 and 0.886. This zone is referred to as the Potential Reversal Zone (PRZ), where traders anticipate price changes to occur. The Cypher harmonic pattern is popular among professional traders due to its high accuracy in identifying market trends and reversal points. The pattern appears in two forms: bullish Cypher pattern and bearish Cypher pattern. In the bullish Cypher pattern, after a price correction, the price moves upward, while in the bearish Cypher pattern, the price moves downward after a temporary increase. These patterns help traders use technical analysis to identify strong reversal points in the PRZ and execute more optimal trades. Bullish Cypher Pattern : Bearish Cypher Pattern : 🔵 How to Use The Cypher pattern is one of the most complex and precise harmonic patterns, leveraging Fibonacci ratios to help traders identify price reversals. This pattern is comprised of five key points, each playing a critical role in determining entry and exit points. The Cypher pattern appears in two main types : Bullish Cypher pattern : This pattern appears as an M shape on the chart and indicates a trend reversal to the upside after a price correction. Traders can prepare for buying after identifying this pattern in technical analysis. Bearish Cypher pattern : This pattern appears as a W shape and signals the start of a downtrend after a temporary price increase. Traders can use this pattern to enter short positions. 🟣 How to Identify the Cypher Pattern on a Chart Identifying the Cypher pattern requires precision and the use of advanced technical analysis tools. The pattern consists of four main legs, each identified using Fibonacci ratios and geometric analysis. To spot the Cypher pattern on a chart, first, identify the five key points : X, A, B, C, and D. XA leg : The initial move from point X to A. AB leg : The first correction after the XA move, where the price moves to point B. BC leg : After the correction, the price moves upwards to point C. CD leg : The final price move that reaches point D, where a price reversal is expected. In a bullish Cypher pattern, point D indicates the start of a new uptrend, while in a bearish Cypher pattern, point D signals the beginning of a downtrend. Correctly identifying these points helps traders determine the best time to enter a trade. 🟣 How to Trade Using the Cypher Pattern Once the Cypher pattern is identified on the chart, traders can use it to set entry and exit points. Point D is the key point for trade entry. In the bullish Cypher pattern, the trader can enter a long position after point D forms, while in the bearish Cypher pattern, point D serves as the ideal point for entering a short position. 🟣 Entering a Buy Trade with the Bullish Cypher Pattern In a bullish Cypher pattern, traders wait for the price to reach point D, after which they can enter a buy position. At this point, the price is expected to start rising. 🟣 Entering a Sell Trade with the Bearish Cypher Pattern In a bearish Cypher pattern, the trader enters a sell position at point D, expecting the price to move downward after reaching this point. For additional confirmation, traders can use technical indicators such as RSI or MACD. 🟣 Risk Management in Cypher Pattern Trades Risk management is one of the most critical aspects of any trade, and this holds true for trading the Cypher pattern. Traders should always use stop-loss orders to prevent larger losses in case the pattern fails. In the bullish Cypher pattern, the stop-loss is usually placed slightly below point D to exit the trade if the price continues to drop. In the bearish Cypher pattern, the stop-loss is placed above point D to limit losses if the price rises unexpectedly. 🟣 Combining the Cypher Pattern with Other Technical Tools The Cypher pattern is a powerful tool in technical analysis, but combining it with other methods such as price action and technical indicators can improve trading accuracy. 🟣 Combining with Price Action Traders can use price action to confirm the Cypher pattern. Candlestick patterns like reversal candlesticks can provide additional confirmation for price reversals at point D. 🟣 Using Technical Indicators Incorporating technical indicators such as RSI and MACD can also help traders receive stronger signals for entering trades based on the Cypher pattern. These indicators help identify overbought or oversold conditions, allowing traders to make more informed decisions. 🟣 Advantages and Disadvantages of the Cypher Pattern in Technical Analysis Advantages : High accuracy : The Cypher pattern, using Fibonacci ratios and geometric analysis, provides high precision in identifying reversal points. Applicable in various markets : This pattern can be used in a wide range of financial markets, including forex, stocks, and cryptocurrencies. Disadvantages : Rarit y: The Cypher pattern appears less frequently on charts compared to other harmonic patterns. Complexity : Accurately identifying this pattern requires significant experience, which may be challenging for novice traders. 🔵 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 Forma t: 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. 🔵 Conclusion The Cypher harmonic pattern is one of the most powerful and accurate patterns used in technical analysis. Its high precision in identifying price reversal points, particularly within the Potential Reversal Zone (PRZ), has made it a popular tool among professional traders. The PRZ, located between the Fibonacci ratios of 0.768 and 0.886 in the XD region, offers traders a clear indication of where price reversals are likely to occur. However, to use this pattern successfully, traders must employ proper risk management and combine it with supplementary tools like technical indicators and price action. By understanding how to utilize the PRZ, traders can enhance the accuracy of their trade entries and exits. Ultimately, the Cypher pattern, when used in conjunction with the PRZ, helps traders make more precise decisions in the financial markets, leading to more successful and well-informed trades.

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Custom Pattern Detection Overview Chart Patterns is a major tool for many traders. Pattern formation at specific location on the chart is used for investment/trading decisions. This indicator is designed in a way to allow investors/traders to define patterns of their choice based on certain input parameters and then detect defined pattern on the chart. Investors/traders can use their own creativity to create and detect patterns. This indicator works in 2 modes Create Pattern: One can define a pattern and verify sample pattern formation visually Detect Pattern: Detect and mark patterns on the chart Settings Create Custom Pattern: Show Custom Pattern – This will mark the pattern lines on the chart so that one can verify how pattern appears based on the input’s parameters provided for lines XA, AB, BC, CD, DE, EF Offset – Used while pattern creation. Offset is horizonal distance between 2 lines. XA Points – Used to draw XA line when sample pattern is drawn. XA points can be a negative or position number. XA line is drawn based on Offset and XA Points. E.g. Offset = 5 and XA Points = -20. In this line would be drawn from last candle high to high – 20 (these are y1 and y2 points of a line). While drawing line distance of 5 candles would be placed between 2 line points (these are x1 and x2 points of a line). In XA line X forms start point and A forms end point of the line. Line AB – Line AB is drawn from point X. To derive the end point of AB, average Fib% is derived based on From Fib% and To Fib% parameters. Finally end point is derived by applying Fib Retracement on Line XA based on average Fib%. Line AB to Line EF – These points are derived as explained in Line AB. The indicator can be used to define/create patterns up to 6 legs/lines. The line would be named as XA -> AB -> BC -> CD -> DE -> EF. If one wish to create pattern consisting 3 legs then it can be achieved by unchecking/deselecting Line CD, DE and EF or by checking only Line AB and BC. Based on the parameters above indicator draws a sample pattern after last candle/bar on the chart. Sample pattern helps to visually see how pattern will appear on the chart. Pattern Identification Indicator derive the swing high/low points based on the Pivot lookback and use as reference points while detecting patterns. Use of From Fib% and To Fib% - While detecting pattern, retracement price points are derived for From Fib% and To Fib%. Price points between from Fib% and To Fib% are treated as valid retracement points. How to configure and use indicator for detecting patterns Sample Pattern 1 Sample Pattern 2 Sample Pattern 3 Sample Pattern 4

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của Sharad_Gaikwad

Deep Crab Harmonic Pattern [TradingFinder] Reversal Zones 🔵 Introduction The Deep Crab pattern is a 5-point extension harmonic structure (X-A-B-C-D) used in technical analysis to identify potential reversal points in financial markets. Like the original Crab pattern, it heavily relies on a 1.618 XA projection to form the Potential Reversal Zone (PRZ). However, the key difference lies in the B point, which must be an 0.886 retracement of the XA leg. The D point in this pattern typically extends beyond the X point, signaling a strong potential reversal in price movement. Bullish Deep Crab : The Bullish Deep Crab is a pattern used in technical analysis to spot potential trend reversals. It signals a shift from a downtrend to an uptrend. Traders enter a buy position at the D point and set a stop-loss below point X, anticipating a price increase. Bearish Deep Crab : The Bearish Deep Crab is a reversal pattern that indicates the potential end of an uptrend. Traders enter a sell position at point D and set a stop-loss above point X, expecting the price to fall afterward. 🟣 Crab Vs Deep Crab The Crab and Deep Crab patterns are both used to identify reversal points in technical analysis, but they differ in terms of correction depth : Crab : The B point retraces between 38.2% to 61.8% of the XA leg, and point D extends beyond X, indicating a price reversal after a smaller correction. Deep Crab : The B point retraces more deeply, around 88.6% of the XA leg, and point D has a stronger extension, signaling a reversal after a deeper correction. The Deep Crab is more suited for identifying stronger price movements. 🔵 How to Use To effectively use the Deep Crab pattern, it’s essential to correctly identify its five key points (X, A, B, C, and D) based on Fibonacci retracements and extensions. Traders look for a deep retracement at point B, followed by an extended move to point D, which typically signals a strong price reversal. Once these points are established, traders can strategically enter positions at point D with appropriate stop-loss and take-profit levels, capitalizing on the anticipated market reversal. Proper use of Fibonacci tools is crucial for accurate pattern identification. 🟣 Bullish Deep Crab To use the Bullish Deep Crab pattern, a trader identifies point D as the key price reversal point in a downtrend. Using Fibonacci tools, points X, A, B, and C are identified, with point B showing an 88.6% retracement of XA, and CD extending 1.618% of XA. The trader enters a buy position at point D and sets a stop-loss below X, expecting a reversal from a downtrend to an uptrend. 🟣 Bearish Deep Crab In the Bearish Deep Crab pattern, point D acts as the reversal point in an uptrend. After identifying points X, A, B, and C, D extends 1.618% of XA. Point B retraces 88.6% of XA. Traders enter a sell position at point D and place a stop-loss above X, anticipating a drop in price. 🔵 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 Forma t: 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. 🔵 Conclusion The Deep Crab pattern is a valuable reversal tool in technical analysis, known for its deep retracement and extended price movements. Unlike other harmonic patterns, it emphasizes identifying critical points where price action is likely to reverse sharply. This pattern works well in both bullish and bearish market scenarios, offering clear signals for entry and exit points. However, successful application requires a deep understanding of market behavior and precise use of technical tools like Fibonacci retracement. Overall, mastering this pattern can enhance trading strategies and risk management.

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của TradingFinder