[Herif's] Harmonic Patterns Projection

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, and each is named for identification.
Bullish patterns signify a potential turn to the upside are colored green.
Bearish patterns signify a potential turn to the downside are colored red.

1- Live harmonic patterns which are still in trade with XABCD and ratio with labels.
2- Entry, Stop and Target levels on chart for all patterns.

in Settings:
Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better. In this indicator defatult 1%

When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users.

Trailing and Targets

1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar.

2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4

All Pending Patterns you can enable or disable

Classic Patterns : Gartley , Bat, Butterfly , Crab , Deep Crab , Cypher , Shark , Nenstar
Anti Patterns: Anti Nenstar, Anti Shark , Anti Cypher , Anti Crab , Anti Butterfly , Anti Bat, Anti Gartley , Navarro 200

This is a Strategy version of indicator below

Notas de Lançamento

Projection box and alerts

Notas de Lançamento

some bugs fixed.

Script sob convite

Somente usuários autorizados pelos autores tem acesso a esses scripts, e isso normalmente requer pagamento. Você pode adicionar o script aos seus favoritos, mas você será capaz somente para usar ele depois de solicitar permissão e permiti-lo do seu autor — saiba mais aqui. Para mais detalhes, siga as instruções dos autores abaixo ou contate Herif diretamente.

O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.

Instruções do autor

I will give 7-day trial period who comment trial wants the script. At the end of the trial period, I will give an extra 30 days of use for those who leave positive comments. At the end of trial ends for other purhasing options visit my profil Web Page

Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.

Herif

next generation technical analysis

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