Harmonic Trading - page 445

[ruifukang]

RyuShin:
You're very welcome.

Thank you for your sharing! Harmonic trader!!!

[ruifukang]

poruchik:
the pattern 5-0 is only special case of "a proportional rectangle" ABCD. The author of model 5-0 imposed restriction on a pattern - the movement CD has to come to the end at the level of 50% from VS course. The real market is much more diverse, and more often on is mute it is possible to meet a pattern 5-0 with not absolutely "correct" proportions. Formation of similar model though smaller signal on the importance, than 5-0 corresponding to all rules, but it is necessary to consider it all the same. So, we will address to examples.

pic. the pattern was formed in the beginning duly, but the piece of CD came to the end at the level of 38,2%, without having held on to the put 50%. Further the prompt growth of the price followed.

Гармоничные паттерны. Вариации 5-0.

(russian)

If the trend up or down strongly, the callback ratio does not necessarily meet the requirements!

[harrymonic]

nice work my friend

[harrymonic]

yes, im just busy lately because of research. i will be publishing it as when i complete it. things are going nice here. new discoveries and updates

[ozan]

harrymonic:
nice work my friend

Thanks harry. We haven't heard from you for a long time. I hope everything is alright.

[ozan]

###ZUP_v113wsv55.mq4

Indicator searches every fibonacci retracement variations in all possible zigzag depths to find patterns on last leg(current leg) only. Past pattern search is disabled.

Reasons for disabling past pattern search, please read posts

#3479 "Let me explain how zigzag search function works in zups" @ https://www.mql5.com/en/forum/173588/page232

#3537"Effects of past pattern search" @ https://www.mql5.com/en/forum/173588/page236

Default Deviations used for maximum accuracy are,

%5 for Fibonacci Retracements

FibonacciDeviation = 0.05;

(Equivalent setting in standard Zup is ExtDeltaGartley=0.09 , ExtDeltaStrongGartley=0.07)

If you find maximum fib deviation 0.05 too conservative, you can increase to 0.06 or 0.07 but , do not forget that when you increase the fibonacci deviation, indicator detects more patterns but accuracy would decrease.

%5 deviation for pattern leg lengths

LegLengthDeviation=0.05

(Leg length Deviation is unique in wsv versions. There's no equivalent in standard zups)

%10 for Time deviation

TimeDeviation=0.10

(Time Deviaiton is unique in wsv versions. There's no equivalent in standard zups)

Pattern List

Detects all Classical Patterns including Alternate Bat , Deep Crab & Perfect Classical Patterns;

For perfect classical patterns, please read post #3585 , 3586, 3587, 3588 @ https://www.mql5.com/en/forum/173588/page239

Detects Second Class Patterns (Shark & Cypher)

Cypher pattern detection is an unique feature of wsv , since cypher patterns detected by wsv are real cypher patterns.

Cypher pattern has a special XC retracement. This XC retracement check is added to indicator which is still not found in standard zups including zup135;

Detects Navarro 200 Pattern;

Detects Leonardo Pattern;

Detects Black Swan Pattern;

Detects 5-0 Pattern;

Please read post #4391 @ https://www.mql5.com/en/forum/173588

and post #4411 @ https://www.mql5.com/en/forum/173588

Detects Elliott 5 Wave Pattern;

Complete Elliott 5 Wave Definitions

Min OA: 0.382

Max OA: 0.886

Min AC: 0.236

Max AC: 0.500

min leg length of leg AB >= 1.618 * leg length of OX

min leg length of leg CD >= 0.618 * leg length of OX

max leg length of leg CD <= 1.000 * leg length of OX

Time CD >= 0.618 * Time OX

Time CD <= 1.000 * Time OX

Time XA < Time OX

Time AB > Time OX

Time BC < Time AB

Detects 3 Drives Pattern;

Detects Perfect & Real AB=CD Pattern;

Perfect & Real AB=CD pattern detection is an unique feature of wsv. Real time leg bar count is used to check time.

Perfect & Real AB=CD patterns detected with this indicator are real AB=CD patterns where AB length = CD length & time AB = time CD

For real AB=CD patterns, please read Harmonic Trader - Harmonic Price Patterns

Common criterias for all AB=CD patterns

Leg Length AB = Leg Length CD

Time AB = Time CD

AC = 0.618 BD = 1.618 real AB=CD patterns is now called " Perfect AB=CD"

real AB=CD patterns with fib retracement ratios written below are called "Real AB=CD".

AC - BD

0.382 - 2.618

0.500 - 2.000

0.707 - 1.410

0.786 - 1.272

0.886 - 1.128

You can enable/disable patterns that you want to search for or not with a simple true/false switch (by default all patterns are enabled)

SearchClassicalPatterns =true;

SearchSharkPattern =true;

SearchCypherPattern =true;

SearchNavarro200Pattern =true;

SearchLeonardoPattern =true;

SearchBlackSwanPattern =true;

Search5_0Pattern =true;

SearchElliott5WavePattern=true;

Search3DrivesPattern =true;

SearchABCDPattern =true;

All standard zup versions check 4 legs = 5 dots to search patterns. This feature is extended to 5 legs = 6 dots since some patterns like 5-0, Elliott 5 Wave & 3 Drives need a 5th leg and dot 0.

For Navarro 200, Elliott 5 Wave, Perfect AB=CD & Real AB=CD patterns, real time bar count is used to check date&time.

For Exact D Box calculation, three parameters are needed.

Friday Last M1 Bar Open Time;

Sunday First M1 Bar Open Time;

Sunday First H4 Bar Open Time;

Please put these data in here

FridayLastM1BarOpenTime = "N/A";

SundayFirstM1BarOpenTime= "N/A";

SundayFirstH4BarOpenTime= "N/A";

Format is two digit hour, two digit minutes like "22:00".

Please read "How to set up time in zup wsv versions" @ post #4412 @ https://www.mql5.com/en/forum/173588/page295

When a pattern is detected, indicator will automatically draw an A-B-C three point fibonacci expansion(don't confuse fibonacci expansions with fibonacci extensions) to check the strength of the pattern. It would be the best, if a fib expansion is inside the D Box area or very close to it. You can put your limit entries near expansion lines.

Lots of run time code improvements have been done. Very high values (500 or more) can be used for maxDepth.

Please read post #3509"How to Use zup in Multi Time Frame" @ https://www.mql5.com/en/forum/173588/page234

Indicator checks all legs of the pattern to find the shortest leg length. This value is used for Take Profit 1 Level.

Please read post #4396 "How To Use Minimum Leg Length for TP1" @ https://www.mql5.com/en/forum/173588

[Aki Miu]

@grandaevus. Thank you for the update as always. I have a question, what are LegLengthDeviation and TimeDeviation exactly for? What do they do if I change the ratio of them?

[darren mookien]

Grandeavus, thanks for your work on ZUP, finding it to be a very reliable indicator. Just one question, how do you make the pattern search cover a long period? the ZUP 53 version had the fib extensions showing over a longer period, but the ZUP 55 covers a shorter periond, i feel its missing out on some patterns as a result.

Thanks

[Aki Miu]

The difference between wsv53 and wsv55 (5-0 pattern wise). As you can see the pics below, the center dot line in D range of wsv53 is at 50 fibonacci level while wsv55 is at 61.8. Needless to say the price doesn't always have to bounce at 50 fibonacci level but 50 fibonacci level is the first key level of the pattern.

[ozan]

darrenmkn:
Grandeavus, thanks for your work on ZUP, finding it to be a very reliable indicator. Just one question, how do you make the pattern search cover a long period? the ZUP 53 version had the fib extensions showing over a longer period, but the ZUP 55 covers a shorter periond, i feel its missing out on some patterns as a result. Thanks

darren, could you please give some screenshots, so I can check.

Thanks in advance.