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Waves and Harmonic Patterns by BULL┃NET

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The B | N WAHA (Waves and Harmonic Patterns by BULL | NET)
indicator provides traders using CFD brokers with the most significant price and time events from the stock exchange of the underlying original index or security. For example traders are able to easily identify the price at the Daily Open and Close time of up to three additional stock exchanges. Traders can choose from a huge list of options including the values from the current and previous Day, Week, Month and Year. In addition traders can enable the display of the Expected Move by either implied or historical volatility. The indicator can show Open Gaps (gap between close and open of two trading sessions) also which traders would usually see only on the original chart of an index or security.
The B | N WAHA indicator can help traders to make better entry decisions based on the real market sessions.

█ ⚠️ DISCLAIMER – READ BEFORE YOU USE ⚠️


█ FEATURES

PATTERN OPTIONS

● Deviation for ratio calculation
Any pattern has a unique set of ratios for different retracements. In a perfect world each ratio would be hit exactly. But the stock market is far from perfect and especially in volatile markets ratios have to be adjusted. The default is 5%. The maximum is 10%

● (Name of pattern)
The list of patters recognized will grow with new versions of the indicator. The settings for each pattern are the same.
Each available pattern will be recognized and drawn by default. If you disable the checkbox in front of the pattern name the indicator will ignore this pattern completely no matter if another checkbox for this pattern is active.
● Developing
As soon as a new possible pattern is recognized, the indicator will draw a label at the starting point (0, A or X) of the pattern. For the indicator “possible” means there is only the last point missing, which is D in case of ABCD and XABCD patterns. Once the last point has reached the completion price range, the indicator will draw the pattern. If you enable this checkbox the indicator will draw a zickzack line between the already existing points.
● Projection
If there is a new possible pattern the indicator will draw a projection box to indicate the price range where the final point has to be located for completion of the pattern. Don’t confuse this with a buy or sell signal! The appearance of the box doesn’t tell anything about the chance of a pattern to get completed. It simply tells you that the price has to reach the box and to retrace within the box to form a valid pattern. This allows you to prepare a strategy if the price hits the box. If you disable the checkbox no box will be drawn.
● History
For backtesting or learning purpose you can display all historical occurrences of a pattern. Best practice is to disable all other patterns and enable the history checkbox only together with the checkbox of the patten name.

PIVOPOINT OPTIONS

To identify patterns you need pivot points. True high and lows in the chart. If you use B | N GABO or B | N DESC you already know about this concept. The indicator is using three different levels of pivot points in parallel for better detection of patterns.

● Level 1
This is the fast running pivot level. You can choose from 2 to 4. Default is 3.
● Level 2
This is the pivot level with medium pace. Selectable levels are 5 to 9. Default is 5.
● Level 3
This is the slow running pivot level. The minimum level is 10, the maximum is 20. The default is 15.
● Pivotpoints
By default pivot points are not displayed on the chart because this ads a lot of noise. For backtesting and learning purposes you can enable this option.
● Label
● Text
● Size
This three settings define the appearance of the pivot points.

HARMONIC PATTERN OPTIONS

The settings in this section control how the zickzack line of a pattern gets drawn on the chart. The settings for bullish and bearish pattern are identical.
● Show bullish/bearish pattern
By default both types of patterns are drawn on the chart. For backtesting or learning purpose you can disable it.
● Line
The color of the zickzack lines.
● ABC
The line style to connect points A, B and C.
● CD
The line style to connect points C and D.
● (Line Width)
The width of lines ABC and CD.
● Label
The color of the label for a completed pattern. This label marks starting point.
● Developing
The color of the label while a pattern is developing.
● Text
The color of the text in the label.
● (Text size)
The size of the text.


HARMONIC PATTERN LABEL OPTIONS

The label which marks the start of a pattern can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable them all, the label will display the designation of the pattern starting point, e.g. “A” for an ABCD or “X” for an XABCD.

● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.
● Ratio
First this is the retracement level of point C from point B toward point A. It is the decimal value of the percentage. In a perfect world this would be 0.618 (61.8%). In volatile markets this can be as low as 0.382 and as high as 0.786. If Ratio is enabled BD ratio will get displayed as well once point D is about to complete a ABCD pattern.
● Tooltip
Enabled by default the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Perfect
If the pattern is formed “perfect” it will change its color to denote a possibly strong trend reversal. E.g. a perfect AB=CD is formed if the time and price difference between A and B is equal to the time and price difference between C and D. The calculation contains a 5% deviation to reflect usual market conditions.

PROJECTION OPTIONS

If the “Projection” checkbox of a pattern is enabled (See PATTERN OPTIONS) the indicator will display the price range where the final point must sit to form a valid pattern. You can customize the box that marks this price range or disable it at all.
● Bull / Bear
The color of the box border.
● (Style)
The line style of the box border.
● Background
The background color of the box.
● Text
The color of the text in the box.
● (Text size)
The size of the text.

PROJECTION DESCRIPTION OPTIONS

The box which marks the possible landing zone for pattern completion can contain multiple information. To reduce noise on the chart you can disable each information separately.

● Price Range
To complete a pattern successfully point D needs to be located within the minimum and maximum price of the range. For bullish pattern the price range is increasing (e.g. 100 – 120) and for bearish pattern it is decreasing (e.g. 100 – 80).
● Title
The title identifies the type of pattern. E.g. a possibly developing ABCD pattern will display ABC at the beginning to denote the point A, B and C have been detected. If this pattern completes the title would change to ABCD in case of a standard ABCD pattern or to AB=CD if the pattern matches all criteria needed for this ‘perfect’ type of ABCD.
● Number
Each pattern carries a unique number needed to identify the projection and targets in case there are multiple patterns in parallel.

TARGET OPTIONS

● Display ABCD Targets
Once a pattern is completed the indicator will display multiple price lines for targets or other important price levels. This is enabled by default.
The cosmetic setting are separated for bullish and bearish pattern targets. However they are identical.
● Bull / Bear Line
The color of the target lines.
● (Line style)
The style of the target lines.
● Label
The color of the label which contains information about the target.
● Text
The color of the text in the label.
● (Text size)
The size of the text.

TARGET LABEL OPTIONS

The target label can contain multiple information. To reduce noise on the chart you can disable each information separately. If you disable all information a blank label will be displayed necessary to hold the tooltip.

● Price
The target price.
● Number
The unique number of the pattern.
● Title
The target identifier.
● Direction
New traders often get confused with bullish and bearish pattern. A small arrow facing down or up will tell them the expected price move to reach the targets.
● Tooltip
If enabled the tooltip shows all the information and more if you hover the mouse pointer over the label.
● Remove if hit
By default target lines and labels will get removed one bar after the price has hit the target. If you disable this option target lines will stay together with the pattern until it gets invalidated.

DISPLAY OPTIONS

● 2 Decimals
To streamline the appearance of prices they are set to display two decimals only. Numbers get rounded! However, trading currency pairs or crypto assets might need to display the full amount of decimals. In this case simply disable the setting “2 Decimals”.

ALERT OPTIONS

Bevor you can use alerts in TradingView you have to activate them.
1. Click on the alert button
2. From the first drop down in conditions select B | N WAHA
3. From the third drop down (the one below the first one) select Any alert() function call
4. Skip the expiration if you want the alerts to be active for ever
5. Give The Alert a name or keep the default
6. Click on create

You have to repeat this procedure in every timeframe you use. This is not a limitation of the indicator. This is how TradingView alerts work.

Now you can select the events in the alert options of B | N WAHA you want to get noticed about. Alerts get fired when a bar gets confirmed which is the last close of a bar.

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Disclaimer BullNet: The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.

Disclaimer TradingView: According to the tradingview.com/support/solutions/43000591638-our-house-rules/]house

Copyright: 2025-BULLNET - All rights reserved.

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Version 1.0 03.03.2025



Notas de Lançamento
UPDATE 05.04.25

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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.