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Brilliant Harmonic Patterns

This indicator is meant for Harmonic Traders, it helps them in identifying the formed patterns by analyzing the market past data, looking for Harmonic Patterns.

The Patterns that this indicator can detect are:

  • AB=CD
  • Butterfly
  • Gartely
  • Crab
  • Bat

The indicator shows the following:

  • The completed pattern, with the critical zone highlighted in Gray box
  • The suggested 3 take profit levels (in green)
  • The Suggested Stop Loss level (in Red)

The formed pattern ratios can be checked by hovering the mouse on the dotted lines.

The indicator does not perform or give Buying or selling signals, it only shows the formed pattern and the predict price direction, and user can use any other indicator for Enter/Exit a trade.

  • Patterns that indicates an upward price movement is indicated into green (Lime color)
  • Patterns that indicates a downward price movement is indicated into Orange (Orange Color)
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This indicator draws the Keltner Channel for any time frame Displayed on the current Time frame allowing user to choose which moving average type for the calculations. The available Moving Averages are: Simple Moving Average (MA_Mode=Mode_SMA) Exponential Moving Average (MA_Mode=Mode_EMA) Smoothed Moving Average (MA_Mode=Mode_SmoothedAverage) Linear Weighted Moving Average (MA_Mode=Mode_LinearWeighted) Tillson's Moving Average (MA_Mode=Mode_Telsons) Moving Average line is coded into RED or BLUE
This indicator shows the Up/Down trend calculated on a specific Time Frame defined by the user. The trend is shown in color coding for easy identification. ex: User can show the trend calculated from a Daily (D1) chart on the H4 chart. NOTE: Required Time Frame must be higher than the chart current time frame, otherwise the indicator will draw nothing. The available Moving Averages for the signal are: Simple Moving Average. Exponential Moving Average. Smoothed Moving Average. Linear Weighted Mov
This indicator draws the Keltner Channel using the rates chart calculated from any other timeframe. The available Moving Averages are: Simple Moving Average Exponential Moving Average Smoothed Moving Average Linear Weighted Moving Average Tillson's Moving Average Moving Average line is coded into RED or BLUE according to its direction from the previous candle. Example: User can display the Keltner Channel calculated on the basis of a Daily (D1) chart on a H4 chart. NOTE: Timeframe must be higher
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Version 1.1 2021.12.01
New Compile