Hello friends. In recent months I have been busy with my academic research and haven't had much time to publish new scripts. To fill the gap of these months, I decided to publish the indicator Multi-timeframe Harmonic Patterns. Harmonic technical chart patterns can predict the next price trend and provide traders with clues to the price direction, which is one of the indicators widely used by professional traders.
(1) Indicator description
This indicator is built on ZigZag Multi Time Frame with Fibonacci Retracement@LonesomeTheBlue. Thanks to LonesomeTheBlue for contributing the awesome indicator
The indicator supports 6 different timeframes, and 25 different harmonic patterns
This indicator supports indicating key indicator prices: entry price, stop loss price, and two take profit prices
(2) Key parameters
timeframe resolution: The timeframe of the harmonic pattern
pivot high/low source: Calculation method of high/low pivot points
timeframe pivot period: Minimum period of high/low pivot points
delay for confirmations: Wait for N candles to confirm the chart pattern
Thanks for ur such wonderful open source indicator. I am just trying it and getting few errors. fisrt is "Pine cannot determine the referencing length of a series. Try using max_bars_back' error" another one is "Too many drawings, cannot clean oldest"
Also i request you to give option to change error percentage or ratios. Also if possible manually defining targets and stop loss would be great. like target would be from XD 50% or 60% like that. I hope it would be going to be best harmonic open source indicator in coming days. Thanks
dandrideng
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@Indyan, Thank you for your suggestions, these improvements will be incorporated in future releases
Indyan
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@dandrideng, Could you please add 1.13 in bat and Shark XD ratio . 1.13 is ALT SHARK and ALT BAT PRZ rest all ratio remain same , instead of 886 XD in ALT bat and shark are 1.13.I am still trying it to use it best way like changing the timeframe pivot with higher number. You made an awesome script in just one go without import library. Hats off to u and ur great work. Thanks
arturrox
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Very nice so far. Of course we could use alerts but that's not a complaint. Great job!