This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong...
This strategy is not an automation strategy.
It is a tool that generates an 'alerts' so that you can buy and sell it at a predetermined price.
The user can set the contents below.
2. Entry price and entry type.
1) buy STOP
2) buy LIMIT
3. Target price.
4. stop loss price.
You can easily test by changing the period value and the set value.
This script calculates 3 MAs and forecasts where these MAs will be in the next 5 future periods.
Automatic mode - price will be based on current price ("flat") or an X-period linear regression ("linreg").
Manual mode - enter your own value('s): let's see where the MA's will be when your favourite equity all of a sudden hits 1 million tomorrow!