This is my first attempt on plotting harmonic patterns based on zigzag. Initial version is still primitive and might need lot of time to mature into more formidable one. Will try to explain entire logic in the description. Please feel free to correct me if my understanding of any pattern and underlying logic is incorrect.
In the initial version,
Only...
This is Slight modified version of Donchian channel. Only change here is, channels update only when there is breakout. If price keeps ranging within channel, it will not contract based on new highest and lowest range.
This can be used for identifying powerful breakouts post long consolidation and filter out fakeouts.