Overview Chart Patterns is a major tool for many traders. Pattern formation at specific location on the chart is used for investment/trading decisions. This indicator is designed in a way to allow investors/traders to define patterns of their choice based on certain input parameters and then detect defined pattern on the chart. Investors/traders can use their...
Motive Wave Scanner is a simple algorithm to find out motive waves as per the rules of Elliott Wave theory. It is an extension to our previous open source script Interactive Motive Wave Checklist which provides interactive capability to select six points of a five wave formation. Once users select them, the rules of motive waves are applied to manually...
🔵 Introduction The Cypher Pattern is one of the most accurate and advanced harmonic patterns, introduced by Darren Oglesbee. The Cypher pattern, utilizing Fibonacci ratios and geometric price analysis, helps traders identify price reversal points with high precision. This pattern consists of five key points (X, A, B, C, and D), each playing an important role in...
🔵 Introduction The Alternative Shark harmonic pattern, similar to the original Shark harmonic pattern introduced by Scott Carney, is a powerful tool in technical analysis used to identify potential reversal zones (PRZ) in financial markets. These harmonic patterns help traders spot key turning points in market trends by relying on specific Fibonacci ratios....
Ultimate Fibonacci Trading Tool – Your Key to More Precise Trading Decisions! Description: Discover the Ultimate Fibonacci Trading Tool , a powerful instrument designed to revolutionize your technical analysis. This tool is crafted to assist traders of all experience levels in better understanding market movements and making informed decisions. By...
🔵 Introduction The Deep Crab pattern is a 5-point extension harmonic structure (X-A-B-C-D) used in technical analysis to identify potential reversal points in financial markets. Like the original Crab pattern, it heavily relies on a 1.618 XA projection to form the Potential Reversal Zone (PRZ). However, the key difference lies in the B point, which must be an...
With this, you should be able to see the Fibonacc-i retracement levels plotted as horizontal lines on your chart. If needed, you can adjust the len parameter to increase or decrease the lookback period used to calculate the high and low points. Horizontal Lines: I've added horizontal lines for each Fibonacci retracement level (0%, 23.6%, 38.2%, 50%, 61.8%,...
🔵 Introduction The Bat Harmonic Pattern, created by Scott Carney in the 1990s, is a sophisticated tool in technical analysis, used to identify potential reversal points in price movements by leveraging Fibonacci ratios. This pattern is classified into two primary types: the Bullish Bat Pattern, which signals the end of a downtrend and the beginning of an...
The 123 Reversal Trading Strategy is a technical analysis approach that seeks to identify potential reversal points in the market by analyzing price patterns. This Pine Script™ code implements a version of this strategy, and here’s a detailed description: Strategy Overview Objective: The strategy aims to identify bullish reversal patterns using the 123 pattern...
Introduction The Magic Linear Regression Channel indicator provides users with a way to quickly include a linear regression channel ANYWHERE on their chart, in order to find channel breakouts and bounces within any time period. It uses a novel method that allows users to adjust the start and end period of the regression channel in order to quickly make...
VS is a trading system based on the identification of fractal reaction zones within a larger, carefully identified movement. It is internally made up of 4 sub-systems. The indicator is composed of the following parameters: Max and Min, are the largest area identified and will act as the STOPLOSS point. L1, is the price reaction level. Entry, is where to place a...
Over the years, we have extensively explored and published numerous scripts centered around various chart patterns, including Harmonic Patterns, Reversal Patterns, Elliott Waves, and more. Our expertise in these areas has led to frequent requests for an indicator based on the ABCD pattern. Although we didn't include it as part of our Harmonic Patterns collection,...
🔵 Introduction The Shark harmonic pattern, first introduced by Scott Carney in 2011, is a recognized tool in technical analysis. Since its inception, it has been widely adopted by traders as an essential market analysis tool. Due to its complexity, the Shark pattern can be challenging for novice traders. Therefore, we have developed the Harmonic Pattern...
Percentage Change Indicator This indicator calculates and displays the percentage change between the current close price and the previous close price. It provides a clear visual representation of price movements, helping traders quickly identify significant changes in the market. ## Formula The percentage change is calculated using the following...
This Pine Script indicator is designed to identify various harmonic patterns, wave formations, and Fibonacci retracements directly on your TradingView charts. The script offers a comprehensive toolset for traders who use technical analysis to spot potential market reversals and continuation patterns. Key Features: Harmonic Pattern Detection: Automatically...
Descripción: Este indicador en Pine Script está diseñado para analizar y visualizar dinámicamente la velocidad de los cambios de precio en un gráfico de TradingView. El indicador permite a los usuarios seleccionar diferentes tipos de medias móviles y fuentes de precios para calcular y mostrar el cambio porcentual en el precio durante un período...
The Three Drives Pattern Detector indicator focuses on detecting and displaying completed Three Drives patterns on the user chart. This harmonic pattern is characterized by successive higher highs / lower lows following specific ratios. The script uses a multi-length swing detection approach, as well as adjusting ratios to ensure flexibility and a maximum...
🔵 Introduction The Butterfly Harmonic Pattern is a sophisticated and highly regarded tool in technical analysis, utilized by traders to identify potential reversal points in the financial markets. This pattern is distinguished by its reliance on Fibonacci ratios and geometric configurations, which aid in predicting price movements with remarkable...