This indicator automatically detects and draws harmonic patterns. For each Fibonacci ratio in Scott Carney's basic harmonic pattern, you can easily find it by Googling. Here, we have added a certain allowable range to point b of the xabcd type patterns as shown below. - Deep Crab : 0.886 + 5% (no minus range) - Alternate Bat : 0.382 - 3% (no plus range) - Gartley, Butterfly : +- 3% - rest patterns : +- 5%
You can set up to 8 ranges per period. Depending on your strategy, you can set the period from short-term to medium-term and long-term as desired.
When an expected harmonic pattern is detected, a model is drawn up to point c, and the predicted position of the potential reversal zone (PRZ) with the possibility of point d in the future is marked. Investors can see price movements to prz in advance and prepare to react. If a completed pattern is detected up to point d, it draws a pattern and additionally draws the Fibonacci retracement ratio at point d. Investors can look at the Fibonacci ratio to determine stop-loss and profit-loss points.
Other fixes
Reinforcement of PRZ(d) zone marking
Real-time position adjustment of the PRZ(d) zone according to the current trend
Fibonacci retracement displayed when zone PRZ(d) is achieved
Change settings panel UI
Error rate scoping
Keep past patterns setting
Added Fibonacci line length setting function
Set the error rate separately for each point : 1~10%
Total 18 Patterns - Gartley - Deep Gartley - Crab - Deep Crab - Bat - Alternate Bat - Butterfly - Shark - Cypher - Three Drives - 5 - 0 - Nen Star - Dragon - White Swan - Black Swan - ABCD classic - AB=CD - ABCD extension
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Refine the point's ratio
Add the Stop Loss line (for the 8 patterns) - Gartley : 1.0XA - Deep Gartley : 1.13XA - Bat : 1.13XA - Alternate Bat : 1.27XA - Crab : 2.0XA - Deep Crab : 2.0XA - Butterfly : 1.414XA - Shark : 1.27OB (XC)
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Show all expected patterns within the same period.
Add stop loss by patterns. - Shark, Cypher, NenStar
Add prices next to Fibonacci replacement rate.
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[Fix] XAD ratio label text error
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[Fix] text color bug
[Update] add comments
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[Fix]A bug where expected patterns were lost while progressing to PRZ (hold until the next expected pattern emerges)
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[Fix] Solved the problem that old patterns could not be maintained
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