I may not be able to spend much time on the harmonic patterns and realized that there are not much open source scripts on them either. Hence, decided to release open source version which can be used by other developers for reference and build things on top of it.
Original script is protected and can be found here:
Logical ratios of patterns are coded as below:...
This is my first attempt on plotting harmonic patterns based on zigzag. Initial version is still primitive and might need lot of time to mature into more formidable one. Will try to explain entire logic in the description. Please feel free to correct me if my understanding of any pattern and underlying logic is incorrect.
In the initial version,
Only...
This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders.
First of all, I need to explain the components of the indicators in detail.
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Components of supply and demand zone:
DBD:means Drop Base Drop
RBR:means Rally Base Rally
DBR:means Drop Base Rally
RBD:means...
Introduction to iTradeAIMS The Box Indicator
Here I will attempt to give a brief introduction to this amazing indicator that has revolutionised my trading since 2009.
Everything in the universe is energy and energy follows the path of least resistance. When it moves it heavily influenced by a structure.
When energy flows it reacts to the underlying...
What is a Fair Value Gap or a Gap?
There may be different explanation or reasons of gaps In Forex, my knowledge says that gaps are not very common and they are filled when ever market gets an opportunity to fill. I am trying to figure out the fair Value gap through this indicator.
Gaps are sharp breaks in price with no trading occurring in between. Gaps can...
The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them.
The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally , when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or...
Display of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
4 Pattern Software
With well over 20 years of trading and investing experience, combined with my 10 years plus of coding strategies and indicators, I learned many years ago that there are 4 Patterns that are more reliable for picking the correct entries on Stocks, Commodities, Forex and Cryptocurrencies than any others. I thought it would be best to create...
Bank Nifty is an Index which comprises of 12 Banking Stocks.
Zeta Force indicator tracks underlying stocks’ Price & Volume simultaneously to detect sudden momentum in this index.
Based upon its calculations, Zeta Force indicator calculates V+, V-, Zeta Force & Zeta TP variables and generates Buy/Sell signals when major changes are detected in these...
Basic Trend Line base on fractals (v0.1)
Can not draw a line on the future X axis, So just a line segment but not a ray.
I don't have a better idea to upgrade...
The Demand Supply Zone indicator helps in identifying the Demand Supply zones on chart by pinpointing them. The indicator looks for patterns of Drop-Base-Rally and Rally-Base-Rally and when such pattern is available the indicator marks it as DZ ( Demand Zone ). Likewise, if the indicator finds a pattern of Rally-Base-Drop or Drop-Base-Drop the indicator marks it...
Hello ladies and gentlemen traders
Continuing deeper and stronger with the screeners' educational series one more time.
This one is heavy crazy mega cool (pardon my french).
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo...
The Pro-Patterns strategy is designed to trade classic chart patterns. At present, it identifies the Ascending Triangle patterns and Weekly Inside Bars patterns and takes Long or Short entries, as the case may be.
Ascending Triangle patterns:
- The strategy identifies ascending triangle patterns ranging from 40 to 120 days.
- BUY signals are generated on...
Especially for future users, such as ES/NQ/RTY/YM, etc., this script can hide the extended hours/non-intraday bars and leave the intraday bars only.
With this script , you can find the intraday support/resistance quite easily!
Example, if you are a ES investor, you can easily find the intraday support/resistance level ,which is almost equal to SPY, with...
This indicator plots the last filled/completed Point and Figure block, overlaid onto any regular candles chart, for every historical candle.
The Pine security(pointfigure(...)...) function inappropriately associates the timestamps of both the "open" (start of column) and "close" (end of column) with the time at which the terminal reversal took place, which...
Display a histogram of price changes over a given interval. Show change as a percentage or in dollar amount. Highlight changes that exceed a particular value.
