Carney Existing Formations

14 Dis 2021

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 authorization

This version is showing formations in historical data only. There is a separate version that is trying to predict potencial formations in current data set.



Script settings:

Precision [‰] - How large deviations from the standard we accept
Last bars to search [bars] - How far in the fast we should look to check formations.
max points distance [bars] - How big patterns we are looking for.
Line color and width - To customize chart for your preferences
Show labels - You can pick format of formations labels.

Troubleshooting:

Result dialog error "Abandoned at ...." - Change "max points distance" to smaller value.
TraidingView (! character):
Loop takes too long to execute (>500ms) - Change "max points distance" to smaller value.

In case of any problems, please contact the author of the script.

26 Jan 2022

Nota Keluaran

Package of fixes and improvements:
- Formation filter
- Detection improvements