Harmonic Patterns

Harmonic Patterns can be very hard to spot and Automate in your trading Strategy. This indicator will magically spot for you the various patterns and enables you to use it in an Automated strategy and back-test its performance!

This Indicator Detects 8 Harmonic Patterns, and these patterns configurations can be adjusted along with various visualization options.

The Patterns are:

1) Bat
2) Alternative Bat
3) Gartley
4) Crab
5) Deep Crab
6) Shark
7) Butterfly
8) Cypher

The indicator also provides several hidden plots to enable strategy automation and automatic back-testing, such as

• PatternDetectSignal = -1 when bearish pattern is detected
• PatternDetectSignal = -2 when bearish pattern is updated
• PatternDetectSignal = 1 when bullish pattern is detected
• PatternDetectSignal = 2 when bullish pattern is updated

• PatternType = A number from 1 to 8 (as listed above) to indicate the pattern type

• PatternCancelSignal = -1; when a bearish pattern is cancelled due to last point exceeding limits
• PatternCancelSignal = 1; when a bullish pattern is cancelled due to last point exceeding limits

• SwingSwitch = 1; late confirmation of reversal, to indicate switch from bearish to bullish swing
• SwingSwitch = -1; late confirmation of reversal, to indicate switch from bullish to bearish swing

ATTENTION: Patterns can be cancelled after being identified, due to changes in the location of the last point in XABCD Pattern. Make sure to have your own confluence to confirm your entries.