All Harmonics 26
Harmonic patterns - a characteristic movement of the price in accordance with the Fibonacci levels that are statistically precede a reversal in price. This indicator recognizes 26 classical and non-classical harmonic patterns:
- Classical
- Gartley
- Butterfly
- Alternate Butterfly
- Bat
- Alternate Bat
- Crab
- Deep Crab
- Three Drives
- Non-classical
- Shark
- Alternate Shark
- Cypher
- 5-0
- Anti Gartley
- Anti Butterfly
- Anti Alternate Butterfly
- Anti Bat
- Anti Alternate Bat
- Anti Crab
- Anti Deep Crab
- Anti Shark
- Anti Alternate Shark
- Anti Cypher
- nen Star
- Anti Nen Star
- Black Swan
- White Swan (Anti White Swan)
Features
The indicator recognizes as completed patterns and unfinished potential patterns.
- The potential (potential) harmonic pattern is formed, where the points X, A, B and C of the pattern already formed, but the price has not yet entered into potential reversal zone (PRZ).
- Complete (pending) harmonic pattern formed when the current bar is already closed and the price is within the PRZ.
The indicator recognizes all possible alternatives. That is, you can view All potential and completed patterns in this bar. Quite often a situation arises when a number of possible patterns are formed on the same bar - you can see them all!
Scrolling between patterns can be performed with keyboard or with panel the chart of the currency pair. The following parameters regulate these features:
- Use keyboard to control the indicatorIf true, it is possible to scroll patterns keypad (keyboard): W - switching between patterns of the current bar and the historical, A and D - previous / next pattern, S - on / off PRZ, Q - on / off pattern fill, E - On / off PRZ fill.
- Use dashboard to control the indicatorIf true, the panel is output with functionality similar to that described above for the keyboard.
You can use the following options to manage patterns of accuracy:
- Compression rate: Compression percentage price data. The larger the value, the lower the price Extrema filtered, but the remaining extremes are stronger. Compression based on the indicator Important Extrema. The documentation for this indicator can be found here.
- Update compression parameters periodically: Enabling periodic refresh compression parameters. compression parameters are determined based on historical data. As the arrival of new information they may need to be updated.
- Update period (in bars) of compression parameters: How often updated compression settings.
- Length of data (in bars) for compression update: The size of the segment of historical data to update the compression parameters.
- Pattern length (in bars): The average length of the analyzed harmonic patterns.
- Pattern length delta: Deviation pattern length of the average length. For example, if we are looking for patterns of length 100 bars with a deviation of 0.1, the light will find patterns in length from 90 to 110 bars.
- Do not allow price to go above / below XB: Do not allow the price to cross the line XB.
- Do not allow price to go above / below AC: Similarly, for AC.
- Do not allow price to go above / below BDAnalogously to BD.
- Do not allow price to go above / below XD (for some patterns)Analogously to XD.
- Pattern tolerance (in percents of XABC height): Absolute error at points X, A, B and C, measured as a fraction of the total height of the pattern XABC. When this value is close to zero, it will be found less patterns, but they will be more accurate.
- PRZ tolerance (in percents of XABC height): The absolute error in a level of PRZ, measured as a fraction of the total height of the pattern XABC. The smaller this value is, the narrower the PRZ, and correspondingly smaller patterns will be found.
Related posts
All MT5 TimeFrames CCI This indicator is based on a classic display CCI (Commodity Channel Index, Commodity Channel Index) . It will be useful for those...
TSO Currency Trend Aggregator MT5
TSO Currency Trend Aggregator MT5 Indicator TSO Currency Trend Aggregator job compares the behavior of currency pairs 7. It allows you to instantly...
Bulls and Bears indicator Bulls and Bears Indicator An indicator showing who is dominant at the moment on the market : buyers (Bulls-bulls) or sellers...
No comments:
Post a Comment