This is Harmonic Pattern script. I made this script long time ago and now pubished it for the community. it can find & show following patterns: - Gartley - Butterfly - Bat - Alternate Bat - Crab - Deep Crab - Shark - Cypher - Double Top - Double Bottom - ABCD
only ABCD patterns is not enabled by default, you can enable if you want.
The script has many features in it, so you have many options. lets see them ZigZag Period : is the period for zig zag that is used to find harmonic patterns. Error Rate % : the patterns may not be perfect and we need to use a threshold. with this option you can set error rate Deep Search: if you enable this option then the script check combination with old zigzag points. an example is under the explanation part Pattern Prediction : if you set this option then while price is moving the script checks the possible next patterns that can be possible (shows first possible one). an example is under the explanation part Show ZigZag: you have option to see zigzag Show Pattern Names: you have option to see Pattern names Remove Old Pattern Names: old found patterns can stay on the chart or you have option to delete from the chart by this option Show Harmonics: you have option to show patterns Show Targets: you have option to see the target and stop-loss level by each harmonic Show Statistics: you can see the statictics about harmonic patterns on current chart Show Full Statistics: you can see the statictics about harmonic patterns on current chart in details "Stop-loss ATR Len" and "Stop-loss ATR Mult" is used to calculate stop-loss levels and many options for visualization and alerts...
The scripts works dynamically in real time, it means it may find different patterns on each candles. if it finds a new one in same direction then old one becomes invalid, you should check the last one.
Lets see some examples:
it changes the colors if price reached the target or stop-loss. blue => reached target, black => stop-loss, and if color was not changed it means it found another harmonic pattern.
if it finds a harmonic pattern then it show entrty level, cancelation level of the pattern, target 1 and target 2
and if price reaches entrty level then it shows targets and stop-loss levels
as written above, t has ability to predict patterns if you enable this option:
Deep search is used to find patterns by some old zigzag levels as seen in following screenshot:
it can show full statistics if you enable it in the options:
The source code is hidden but it's free script. so like it/favorite this script, apply it to your chart and start using it ;)
Special thanks to my friend @Gornidah who helped while developing the script!
Enjoy!
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Updates: - now XD and AC points of XABCD are connected by dotted lines - Labels Sizes can be changed (tiny, small, normal, large, huge) - Line color of the patterns can be changed - Line Width of the patterns can be changed
An example:
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New type Alerts added. so, while you are creating new alert, if you choose "Harmonic Patterns" and "Any alert() function call" then you will be able to get all following alerts in one. The alert set to work as "Once Per Bar"
Because of I see a lot of unnecessary discussions and I get a lot of messages about the script, unfortunately I had to remove some parts from the scripts. no change on listed patterns, it finds & shows the patterns listed above
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as the new version is coming soon, this one was made lighter
thanks for sharing this gem! what do you think about writing a script that finds chart formations such as triangles, wedges etc.?
LonesomeTheBlue
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@egemenkismetli, you are welcome. possible in the future in another project ;)
Karaman90
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@LonesomeTheBlue, elinize sağlık, en çok beğendiğim indikatörlerden sıralamasında birinci sırada.
creedassassin
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@LonesomeTheBlue, hey LonesomeTheBlue can you code my trading strategy it would be super duper helpful for me please can you ?. you can reply on this comment or contact me on creedassassin442@gmail.com
real_trader_money
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@creedassassin, I am an experienced pine developer, please let me know if you need any help. I will definitely look forward to help you
@LonesomeTheBlue, Merhana ben TÜRKİYE'den Harun Arıcan. Youtubede araştırma yaparken sayfanıza rastladım ve göstergelerinize hayran kaldım. Direkt mesaj yollayamadım size o yüzden buradan yazıyorum. Eğer erişim izni verirseniz göstergelerinizi kullanmak istiyorum, SAYGILAR. TÜRKİYE' DEN SELAMLAR