Harmonic Pattern Pro
SETTING MANUAL
1/ What is the Harmonic Pattern Pro indicator?
Introduction:
- The Harmonic Pattern Pro for TradingView is a specialized tool designed to automatically detect and alert traders to the formation of key harmonic patterns in the financial markets.
- It's flexible for different markets and works well for any trading time, from short to long periods.
Benefits:
- Precise Pattern Recognition: It excels in identifying popular harmonic patterns like Gartley, Butterfly, Crab, Bat, Cypher, and Shark, which are key indicators of potential market reversals or continuations.
- Adaptability Across Markets: Works consistently across different markets, including forex, stocks, indices, and commodities, providing crucial insights regardless of market dynamics.
- Efficient Trading Strategy: Offers timely alerts as soon as a valid pattern is completed, facilitating strategic trade entries and exits.
- Customizable Alerts: Provides a range of alert options including pop-up, sound, email, and push notifications, customizable to individual trading needs and styles.
2/ Indicator Setting - Harmonic Pattern Pro
Swing Search Depth: Adjusts how deep the indicator searches for swings in price, affecting pattern detection sensitivity.
Price Proximity Percent: Sets the percentage range for how close the price should be to the pattern points for a valid pattern signal.
Show Bat Pattern: Enable or disable the display of the Bat pattern.
Show Gartley Pattern: Enable or disable the display of the Gartley harmonic pattern.
Show Crab Pattern: Enable or disable the display of the Crab pattern on the chart.
Show Butterfly Pattern: Enable or disable the display of the Butterfly pattern.
Show Cypher Pattern: Enable or disable the display of the Cypher pattern.
Show Shark Pattern: Enable or disable the display of the Shark pattern.
STYLING
Bullish Area Color: Select the color to highlight bullish areas on the chart.
Bearish Area Color: Select the color to highlight bearish areas on your chart.
Bullish Text Color: Set the color for text that identifies bullish patterns.
Bearish Text Color: Set the color for text that identifies bearish patterns.
Signal Arrow Size: Adjust the size of the arrows that signal pattern formation.
Max Back Bars: Specify the maximum number of past bars the indicator should consider for pattern analysis.
- How can I set up alerts?
To stay updated on potential trading opportunities, you can set up alerts within the Harmonic Pattern Pro.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.
Step 3: Select Harmonic Pattern Pro from the “Condition” dropdown list:
Step 4: A pop-up will appear as follows. You click on “Notifications”.
Step 5: You choose the types of notifications you'd like to receive and click the “Create” button.
