🔵 Introduction The Butterfly Harmonic Pattern is a sophisticated and highly regarded tool in technical analysis, utilized by traders to identify potential reversal points in the financial markets. This pattern is distinguished by its reliance on Fibonacci ratios and geometric configurations, which aid in predicting price movements with remarkable...
🔵 Introduction Research by H.M. Gartley and Scott Carney emphasizes the importance of harmonic patterns in technical analysis for predicting market movements. Gartley's work, particularly the Gartley 222 pattern, is detailed in his book "Profits in the Stock Market" and relies on the specific placement of points X, A, B, C, and D. 🟣 Defining the Gartley...
🔵 Introduction The Crab pattern is recognized as a reversal pattern in technical analysis, utilizing Fibonacci numbers and percentages for chart analysis. This pattern can predict suitable price reversal areas on charts using Fibonacci ratios. The structure of the Crab pattern can manifest in both bullish and bearish forms on the chart. By analyzing this...
█ OVERVIEW This indicator was intended as educational purpose only based on Harmonic Pattern Table (Source Code) . Some user have different ratios in mind, thus I add input to allow user to change those ratios. █ CREDITS Scott M Carney, Trading Volume 3: Reaction vs. Reversal █ CREDITS 1. List Harmonic Patterns. 2. Font size small for mobile app and font...
The concept of harmonic patterns was introduced in H.M. Gartley's book "Profits in the Stock Market" around 1935. Gartley formation was based on XABCD framework with particular values from Fibonacci values set. With only XABCD frame and Fibonacci values we have over 4 000 atomic combinations. Gartley formation is composed from two atomic combinations. Since then,...
The concept of harmonic patterns was introduced in H.M. Gartley's book "Profits in the Stock Market" around 1935. Gartley formation was based on XABCD framework with particular values from Fibonacci values set. With only XABCD frame and Fibonacci values we have over 4 000 atomic combinations. Gartley formation is composed from two atomic combinations. Since then,...
█ OVERVIEW We have included by default 3 known Patterns. The Bat, the Butterfly and the Gartley. But have you ever wondered how effective other, not yet known models could be? Don't ask yourself the question anymore, it's time to find out for yourself! You have the option to customize your own Patterns with the Backtesting tool and set Retracement Ratios and...
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...
Advanced harmonic patterns scanner optimazed for Wave theory for Low or Medium wave rules. It finds on the candle chart: - Existing pattern with realized target in historic data. - Potencial patterns with realized and potencial targets. - Estimated patterns that may become potencial with their potencial targets (it updates instantly with the price change (before...
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,...
█ OVERVIEW 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...
The script is predicting potencial XABCD harmonic formation patterns on the chart. 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. Script with limited access, contact...
The script searches historical data for XABCD harmonic formation patterns 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. Script with limited access, contact author to get...
This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. This indicator was build upon Harmonic Trading : Volume One and Harmonic Trading : Volume Three, written by Scott M Carney. Harmonic Trading System consist of 3 important elements such as Trade Identification, Trade Execution and Trade Management, each of these...
This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. This indicator was build upon Harmonic Trading : Volume Two, which was continuation from Harmonic Trading : Volume One and The Harmonic Trader, written by Scott M Carney. Explaination was similar to previous build, build 0 and build 1 . Volume 2 introduce...
This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. This indicator was build upon Harmonic Trading : Volume One, which was continuation from The Harmonic Trader, written by Scott M Carney. From the previous build , only Gartley and Butterfly were explained ideally based on The Harmonic Trader. For this buid,...
This indicator was intended as educational purpose only for Harmonic Patterns using XABCD Pattern Tool. Gartley and Butterfly patterns were ideal patterns explained from The Harmonic Trader written by Scott M Carney. Some values are further updated later in Harmonic Trading: Volume Three, also by Scott M Carney. The Harmonic Trader book was also known as Harmonic...
This indicator was intended as educational purpose only for BAMM, which also known as Bat Action Magnet Move. Indikator ini bertujuan sebagai pendidikan sahaja untuk BAMM, juga dikenali sebagai Bat Action Magnet Move. BAMM is usually used for Harmonic Patterns such as XAB=CD (Bat Pattern) and AB=CD (0.5 AB=CD Pattern) - Chapter 5. BAMM also can be used for...