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.