Earlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯...
█ HOW DOES IT WORK? The known 90 min cycle is used as one killzone. But actually all 18 min are relevant to search for a trade. All 18 min when a new box starts only then is the placement of an order valid. If the entry candle isn't in a box then it will probably fail. The boxes should only be used in the M1 or M5 timeframe. The best hitrate is in the M1...
█ OVERVIEW This table indicator was intended as helper / reference for using XABCD Pattern drawing tool. The values shown in table was based on Harmonic Trading Volume 3: Reaction vs. Reversal written by Scott M Carney. Code upgrade from Harmonic Pattern Table (Source Code) and based on latest User-Defined Type (UDT) . As a result, code appeared more...
Hello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns . Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one...
Hello Everyone, Wish you all Merry X-Mas and happy new year. Lets start 2023 with fresh new strategy built on Wolfe Indicator. Details of the indicator can be found here 🎲 Wolfe Concept Wolfe concept is simple. Whenever a wedge is formed, draw a line joining pivot 1 and 4 as shown in the chart below: For simplicity, we will only consider static value for...
#20 on the Myth-Busting bench, we are automating the " I Found Super Easy 1 Minute Scalping System And Backtest It 100 Times " strategy from " Jessy Trading " who claims 30.58% net profit over 100 trades in a couple of weeks with a 51% win rate and profit factor of 1.56 on EURUSD . This one surprised us quite a bit. Despite the title of this strategy indicating...
Overview: We hear a lot about Gartleys, bats, crabs and the rest of the barnyard crew, but have you ever wondered what other creatures might be lurking out there yet to be discovered? Well wonder no longer, it's time to find out for yourself! The Custom XABCD Validation and Backtesting Tool allows you to define retracement ratios and targets for your very own...
█ OVERVIEW This indicator was to show ratio between zig zag. Ideally to find Fibonacci Retracement / Projection, Harmonic Patterns, ABCD, Elliot Wave and etc. █ CREDITS LonesomeTheBlue █ FEATURES Table can positioned by any position and font size can be resized. █ USAGE / TIPS EXAMPLES (Description explained in each image)
Overview: The ultimate harmonic XABCD pattern identification, prediction, and backtesting system. Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios...
█ OVERVIEW This indicator was designed based on Harmonic Trading : Volume One written by Scott Carney. This is about harmonic ratios which expanded through retracement and projection. Derivation is pretty much explained here such as Primary, Primary Derivation, Secondary Derivation and Secondary Derivation Extreme. Derivation value depends on minimum...
I have made an all in one powerful script. It contains all meme lines(Moving average, Ema, Dema, Vwma, Hma) In general, orange color means negative and white means positive. But you can very easily customize the colors according to your need and enable and disable any meme line. Dots represent change of price action, although it works on every time frame but I...
Hi, here is my take on 'Cup & Handle' Pivot Points - ph (highest points in a certain period) are stored in an array When there is a new ph , previous ph's are compared to the latest one. A temporary test line is drawn between these 2 points. The script checks if a close (between these 2 points) doesn't break above this test line. (test line is deleted...
The Alertion indicator! impactful pattern: pattern that happen near the zone or in the zone at lower timeframe and give us entry and stop limit price. It is helpful for price action traders and those who want to decrease their risk. There are 3 IP patterns: Quasimodo Head and shoulder whipsaw engulfing These patterns may occur near the zone or...
Due to popular demand, I'm pusblishing Fourier Extrapolator of Price w/ Projection Forecast.. As stated in it's twin indicator, this one is also multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by: xi = m + Sum( a*Cos(w*i) + b*Sin(w*i), h=1..H ) Where: xi - past price at i-th bar, total n past prices; m - bias; ...
Fourier Extrapolator of Price is a multi-harmonic (or multi-tone) trigonometric model of a price series xi, i=1..n, is given by: xi = m + Sum( a *Cos(w *i) + b *Sin(w *i), h=1..H ) Where: xi - past price at i-th bar, total n past prices; m - bias; a and b - scaling coefficients of harmonics; w - frequency of a harmonic; h - harmonic number; H -...
█ OVERVIEW This indicator displays 3 timeframes of parallel channel using linear regression calculation to assist manual drawing of chart patterns. This indicator is not true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper. The timeframe scenarios are defined based on...
This indicator shows you the most convenient buying times. It helps you lower your average and earn high profits by purchasing incrementally.
█ OVERVIEW This library is complementary for XABCD Harmonic Pattern Custom Range Interactive PriceDiff() : Price Difference Parameters: : : price_1, price_2 Returns: : PriceDiff TimeDiff() : Time Difference Parameters: : : time_1, time_2 Returns: : TimeDiff ReturnIndexOf3Arrays() : Return Index Of 3 Arrays Parameters: : :...