Harmonic Pattern Possibility Table — Indicator by RozaniGhani-RG

educational harmonicpatterns array table ratio fibo

█ OVERVIEW
This indicator was intended as educational purpose only based on Harmonic Pattern Table (Source Code) and Ratio For Harmonic Points to show Harmonic Pattern Possibility.

█ INSPIRATION
This indicator was build upon realizing there are some overlap for B = XA among Alternate Bat, Bat, Crab and Gartley.
Hence, the values split up to showcase the possibility of non overlap ratio.

█ USAGE
Possible pattern, priority pattern and selected pattern may differs based value input.
Therefore C = AB, D = BC, D = XA and Stop Loss will change based value input and also selected pattern.

█ CREDITS
Credit to Scott M Carney, Harmonic Trading Volume 3: Reaction vs. Reversal.

Release Notes:

Update Input and Output string
Update font size

Release Notes:

Correction for p2

Release Notes:

Correction for ratio values

Release Notes:

Value correction from 0.913 to 0.930

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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