PREFACE This indicator was made with the help of our team's fellow friend and harmonic patterns expert, whose support we deeply appreciate — @Muneer_Gove DESCRIPTION Harmonic patterns are one the most recognizable and popular trading concepts in the word of trading. They are distinct formations, found in the financial markets, that predict potential...
🔵 Introduction Harmonic patterns blend geometric shapes with Fibonacci numbers, making these numbers fundamental to understanding the patterns. One person who has done a lot of research on harmonic patterns is Scott Carney.Scott Carney's research on harmonic patterns in technical analysis focuses on precise price structures based on Fibonacci ratios to identify...
Hello Traders! The Harmonic Patterns Scanner takes the time-consuming search for harmonic patterns completely off your hands. This indicator utilizes a unique swing-based pattern recognition to pinpoint 14 different bullish and bearish harmonic patterns in real-time with unparalleled precision. The Harmonic Patterns Scanner is designed to operate in a fully...
Hello Traders! This indicator takes the time-consuming search for harmonic patterns completely off your hands. TRN Harmonics utilizes a unique swing-based pattern recognition to pinpoint 14 different harmonic patterns in real-time with unparalleled precision. Pattern List (each pattern has a bullish and a bearish version) Gartley Bat Butterfly Crab ...
🔵 Introduction The "Three Drive" pattern is a well-known formation in technical analysis, recognized for its ability to signal potential trend reversals in price action. Within the realm of trading, particularly in the context of "Reversal Patterns," the Three Drive pattern holds significance as a reliable indicator of shifts in market sentiment. 🟣 Bullish 3...
🔵 Introduction The "Three Drive" pattern is one of the light "RTM" setups suitable for identifying price trend reversals. For this reason, this pattern is considered one of the "Reversal Patterns." 🟣 Bullish 3 Drive At a price bottom, a formation occurs where the negative trend appears to continue, and lower lows are made. However, the second low penetrates...
This indicator automatically detects and draws harmonic patterns. For each Fibonacci ratio in Scott Carney's basic harmonic pattern, you can easily find it by Googling. Here, we have added a certain allowable range to point b of the xabcd type patterns as shown below. - Deep Crab : 0.886 + 5% (no minus range) - Alternate Bat : 0.382 - 3% (no plus range) -...
Reinforcement of PRZ(d) zone marking Current trend line Real-time position adjustment of the PRZ(d) zone according to the current trend Fibonacci retracement displayed when zone PRZ(d) is achieved Code refactorings Correction of previous highs and previous lows of the trend line finding PRZ Separation of completed harmonic model and expected harmonic model...
A harmonic formation pattern scanner based on the Harmonic Trading book series by Scott Carney. Supported harmonic traiding formations: Gartley ButterFly Bat alt. Bat Crab Greate Crab Shark AB=CD 5-0 Cypher Precise description and knowledge you can get from the Harmonic Trading book series by Scott Carney. It's the oldest and not optimized version...
Bullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ). As they become 0%-80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal. Different combinations of specific fib retracements and extensions result in different patterns,...
Harmonic Patterns is a powerful tool for identifying potential reversal areas in the financial markets. Auto Harmonic Pattern Pro it is based on the work of Scott Carney, a renowned trader and author who developed the concept of harmonic patterns. Scott Carney's extensive research and contributions have greatly enhanced our understanding of market patterns and...
Harmonic Scanner Pro is a more advanced version of the standard Harmonic Scanner . It lets you customize almost every parameter, check for harmonic patterns much further in the past, and detect multiple patterns at once. It's a great tool to see how specific security reacts to harmonic patterns (some stocks are a textbook example of harmonic patterns , others -...
The Auto Harmonic Pattern recognition software is designed to take the heavy lifting out of a traders Harmonic trading strategy. The Software automatically Identifies, Draws, Labels and Projects Completion Zones for the 6 most trade-able Harmonic Patterns. If the Pattern Completes in the projected zone, then there is a high probability of the resulting trade...
This script detects harmonic formations: Gartley, Bat, Butterfly, and Crab. Unlike the other harmonic scanners, it analyzes more than the last five consecutive points. It checks up to 50 last high/low points and tries to find a pattern there. It also labels point D with information on what type of formation it is and if it's a signal to sell or buy. The...