OPEN-SOURCE SCRIPT
Musical Harmonics - Time Based
Place on a recent price low. Identify the price and date of a 3 month price low, then input these values into the settings dialogue box.
This will provide you with a vertical harmonic grid which represents the path of least resistance for price to travel and indicates both reversal points and take profit points, essentially calculates the likely distance price will travel in any given direction.
The horizontal time indication is a comparable indicator with a date as an input, provides reference for how long price is likely to move in any one direction, and indicates points of reversal/take profit.
This will provide you with a vertical harmonic grid which represents the path of least resistance for price to travel and indicates both reversal points and take profit points, essentially calculates the likely distance price will travel in any given direction.
The horizontal time indication is a comparable indicator with a date as an input, provides reference for how long price is likely to move in any one direction, and indicates points of reversal/take profit.
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