TRharmonic

28 thg 7

What This Script Does
This indicator identifies 24 different harmonic patterns in real-time, including classic patterns (Gartley, Bat, Butterfly, Crab, Cypher, Shark), advanced formations (5-0, Three-Drives, Wolfe Wave), and their inverse variations. Each pattern is detected using specific Fibonacci ratio relationships between price swings.
How It Works
The script uses a multi-timeframe ZigZag algorithm (5-50 periods) to identify market pivot points. When price movements form specific geometric relationships that match established harmonic ratios, the indicator draws the pattern on your chart with labeled points (X, A, B, C, D).
Pattern Validation Process:

Measures Fibonacci relationships between consecutive price swings
Validates ratios against established harmonic specifications (with 0-6% tolerance)
Confirms pattern completion before generating signals
Does not repaint once a pattern is confirmed

Trading Information Provided
For each completed pattern, the script calculates:

Entry point at pattern completion (D point)
Stop loss based on pattern invalidation level
Three take-profit targets using Fibonacci extensions
MACD confirmation for additional directional bias

Why This Tool Has Value

Comprehensive Pattern Library: Combines multiple harmonic methodologies in one tool
No Repainting: Signals are fixed after confirmation
Risk Management: Automatic calculation of stop loss and profit targets
Alert System: Real-time notifications via TradingView alerts and optional Telegram integration
Clean Visualization: Maximum 8 active patterns to maintain chart clarity

Important Trading Considerations

Harmonic patterns are based on historical price relationships and probabilities
No trading system guarantees future results
Patterns should be used alongside other analysis methods
Risk management is essential for any trading strategy

Technical Specifications

Adjustable pattern tolerance (0-6%)
Customizable ZigZag depth settings
Theme adaptation for different chart backgrounds
Pattern deduplication to prevent redundant signals
MACD filter option for trend confirmation

This tool implements established harmonic trading concepts for traders who understand these methodologies and seek automated pattern recognition to supplement their analysis.

29 thg 7

Phát hành các Ghi chú

minor bug fixes

18 thg 8

Phát hành các Ghi chú

Leonardo, anti nenstar, alternate bat, and nenstar patterns have been added. Several changes were made to the main structure. Default parameters have been modified.

18 thg 8

Phát hành các Ghi chú

minor bug fixes

18 thg 8

Phát hành các Ghi chú

minor bug fixes