Auto Harmonic Pattern - Extreme [Trendoscope]

2022년 10월 21일

Publishing free to use scripts always brought me more value - be it in terms of more followers, or helped me to engage with people having right ideas. This has helped me immensely over past few years of my presence in tradingview. To all the coders out there who is starting to work on pinescript - my suggestion is to publish as many open source/free to use scripts as possible. It will always be rewarding experience and help you grow in a way you can never imagine.

Today, I realised that I have accumulated 10,000+ followers in tradingview just by learning and publishing what I learn. As token of gratitude to all our followers and supporters, we would like to gift this indicator. This is also tribute to all the people who have positively influenced our presence in tradingview and encouraged us to reach this level. Unfortunately cannot publish it as open source due to having proprietary code in it and fear of being misused.

I will not talk about the subject harmonic patterns as it is very generic and information is available online in many places. You can also refer to my open source libraries and scripts related to harmonic patterns. Some of them are here:

Libraries
eHarmonicpatternsExtended
eHarmonicpatterns
harmonicpatterns

Indicators
Harmonic-Patterns-Custom-Candles
Manual-Harmonic-Patterns-With-interactive-inputs
Manual-Harmonic-Projections-With-interactive-inputs
Auto-Harmonic-Patterns-V2

There are few more among open source and free scripts. But, will not mention them here as they are deprecated.

Now coming to the present indicator.

Setting are made simpler to enhance usability. This can also help new traders learning harmonic patterns. Snapshot of the settings can be found here:


Components of the script are as below


Please note, I may not be able to make any further update to this script. But, I promise never to degrade or reduce the quality of any free to use or open source script I ever published.

2022년 12월 26일

릴리즈 노트

Minor updates with respect to default entry/exit/target ratios.

2023년 4월 9일

릴리즈 노트

Minor updates to enhance performance. No change in functionality.