Trading ABC

Hello Traders,

For a few months I have been getting requests from my followers about ABC pattern and finally I decided to make this indicator.

How it works?

- It creates Trend Cloud using Simple and Exponential moving averages with the lenghts 50, 100, 150, 200, 20, 40 by default and checks the trend. you can change the lengths as you wish
- It also creates ZigZag using the ZigZag Period in the options.
- Using last 2 zigzag waves it checks if there is suitable ABC pattern according the Trend, the Min/Max Fibonacci levels and Error Rate
- Then it check if the price bounces after this ABC pattern
- And if all these conditions met then it plot triangle
- If there are multiple bouncing then you can see multiple triangles

You can change/set;
- Zigzag Period
- Fibonacci Max level
- Fibonacci Min Level
- Error Rate
- The Lengths that are used for Moving Averages
- Keeping old ABC lines/labels
- Show Zigzag and min/max Fibonacci levels
- Show Trend Cloud
- and colors

if you don't want to see old ABC lines/labels you can disable it:

if you don't want to see Trend Cloud you can disable it:

Zigzag and Fibonacci levels:

P.S. if you have new ideas to improve this indicator then let me know please. We together can do this life easier!

Versionshinweise: fixed ABC label positions
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


Thank you for the magic!
500 Coins
+5 Antworten
LonesomeTheBlue Meowella7777
@Meowella7777, Thank you!
+1 Antworten
500 Coins
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@PineCoders, Thanks!
+1 Antworten
500 Coins
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@robbenmu, Thank you!
+1 Antworten
comment is already posted below
500 Coins
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@NinjaNew, Thank you!
+3 Antworten
great again! Best greetings from Germany.
100 Coins
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LonesomeTheBlue Mustermann84
@Mustermann84, Thanks :)