🔵 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 is another script involving interactive inputs. This is similar to Manual-Harmonic-Patterns-With-interactive-inputs . But, instead of taking XABCD and verifying if it confirms to any pattern, here we only take XABC and project all PRZs.
Example, upon adding the script to chart, it will prompt to select 4 points on chart by clicking on it. if we select X, A,...
This is long only strategy where entry and exits are generated based on Harmonic Patterns.
Logic used for generation of harmonic patterns is same as the below script (Double top and bottom are removed in this script):
Now to generate entry and exit signals, following rules are used:
If there is bullish pattern:
Entry : If X is between Point B and D,...
HI BIG PLAYERS AROUND THE WORLD,
this script allow to draw automatically lines of Butterfly pattern. The Butterfly pattern is part of Harmonic Pattern.
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator ButterflyPattern_ULTRA V1 to...
Use a superposition of 30 avarages to stress-out trend changes (points in time where all possible frequencies that create the movment change their phase from prositive to negetive or the opposite). The indicator has one paramater that should be adjusted: 'os'.
By defult the 30 avarages that are tested range from 7 to 63 in gaps of 2. increasing the 'os'...
![XAUUSD: Three Drive [TradingFinder] 3 Drive Harmonic Pattern Indicator](https://s3.tradingview.com/9/9fyVo79F_mid.png "Three Drive [TradingFinder] 3 Drive Harmonic Pattern Indicator")
