IKODO Harmonic Patterns

IKODO Harmonic Patterns How its Works

IKODO Harmonic Patterns automatically scans your chart to detect Gartley , Bat , Butterfly , and Crab harmonic patterns in real-time, using strict Fibonacci ratio checks with configurable tolerance and pivot lengths.

Pivot Detection
Uses pivot highs/lows with a configurable length to mark potential turning points on the chart.
Stores and updates the last 50 pivots for performance.

Pattern Identification
Continuously checks for XABCD structures:
Confirms alternating pivot highs/lows.
Calculates XA, AB, BC, CD, AD legs.

Validates Fibonacci ratios within your defined tolerance:

Gartley: AB = 0.618 XA, AD = 0.786 XA
Bat: AB = 0.382/0.5 XA, AD = 0.886 XA
Butterfly: AB = 0.786 XA, AD = 1.272/1.618 XA
Crab: AB = 0.382/0.618 XA, AD = 1.618 XA

Visualization
Draws XABCD lines and labels on your chart.
Displays entry, three target levels (T1, T2, T3), and a stop-loss suggestion for risk management.

Uses color coding:
Green for bullish patterns.
Red for bearish patterns.
Orange for potential (forming) patterns.

Alerts & Table Stats
Generates alerts when a valid pattern completes.
Displays a live table showing:
Count of each pattern type found.
Total patterns detected.
Number of pivots tracked.

Potential Pattern Projection
If a potential pattern is forming (XAB complete, D pending), the indicator:
Projects the potential D point based on Fibonacci extensions.
Marks the path with dotted/dashed lines.
Displays a label with expected D price and pattern type.

Why Use This?
Automates advanced harmonic detection without manual drawing.
Helps in identifying precise reversal points for high-R/R trades.
Supports visual learning of harmonics while trading.