This indicator finds AB = CD recovery patterns. The AB = CD Retracement pattern is a 4-point price structure, in which
where the initial price segment is partially restored and is accompanied by an equidistant movement from the end of the pullback, and
it is the basic basis for all harmonic patterns.
[ The manual
installation instructions | The manual
by update | Elimination
Troubleshooting | FAQ
| All
products ]
- Customizable drawing sizes
- Configurable AC and BD ratios
- Customizable breakout periods
- Customizable lines, colors, and sizes
- It displays the SL and TP levels based on the levels of CD
- Visual / audio / push / mail alerts for patterns and breakouts
AB = CD Retracements can be extended to dye my hair quite a bit. To simplify the situation, this indicator implements
twist: he’s waiting for a Donchian breakout in the right direction before to signal a deal. The end result is
redrawing the indicator with a very reliable trading signal. The Donchian Breakout period is entered as an input.
- Bullish pullbacks are blue
- Bearish corrections are red
follow the extension of the pattern. If the template is redrawn outside of the AC / BD / AB = CD ratios entered in the parameters, the
template will disappear as it will no longer be valid. To trade on these models, please use the signal
Donchian’s breakthrough.
Input parameters
- Amplitude: the size of the AB = CD samples to be found
- Breakout Period: The period of the Donchian breakout to the time signals
- Max History Bars: the number of bars to view when loading the indicator
- AC Min: the minimum ratio of the alternating current template
- Max. AC current: maximum AC current ratio of the template
- Min BD: the minimum BD ratio of the pattern
- Max. BD: Maximum BD ratio of the template
- AB = CD: enable or disable the AB = CD condition
- Display Options: Show or hide labels, ratios, and SL / TP levels
- Patterns: Select the colors and sizes of the lines forming the pattern
- Labels: Choose the colors and sizes of labels A, B, C, D
- Ratios and SL: Select the colors and font size for the ratios and SL / TP labels
- Breakout Alert: Enable receiving alerts when a pattern is detected
- Template Alert: Enable receiving alerts when a breakout occurs and arrows appear
- Notification settings: enable or disable visual, push, electronic, and audio alerts.
Technical details
- The indicator is evaluated on each bar, not on each tick.
- The last point of the template is recolored when the template is expanded.
- There may be several indicators with different amplitudes on the chart.
- A warning is displayed when a pattern is formed, as well as when a breakout occurs.
- A small percentage of trading signals can be repainted. You can increase the breakout period.
author
Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
[spoiler title=”Read More…”]
This indicator finds AB = CD recovery patterns. The AB = CD Retracement pattern is a 4-point price structure, in which
where the initial price segment is partially restored and is accompanied by an equidistant movement from the end of the pullback, and
it is the basic basis for all harmonic patterns.
[ The manual
installation instructions | The manual
by update | Elimination
Troubleshooting | FAQ
| All
products ]
- Customizable drawing sizes
- Configurable AC and BD ratios
- Customizable breakout periods
- Customizable lines, colors, and sizes
- It displays the SL and TP levels based on the levels of CD
- Visual / audio / push / mail alerts for patterns and breakouts
AB = CD Retracements can be extended to dye my hair quite a bit. To simplify the situation, this indicator implements
twist: he’s waiting for a Donchian breakout in the right direction before to signal a deal. The end result is
redrawing the indicator with a very reliable trading signal. The Donchian Breakout period is entered as an input.
- Bullish pullbacks are blue
- Bearish corrections are red
follow the extension of the pattern. If the template is redrawn outside of the AC / BD / AB = CD ratios entered in the parameters, the
template will disappear as it will no longer be valid. To trade on these models, please use the signal
Donchian’s breakthrough.
- Amplitude: the size of the AB = CD samples to be found
- Breakout Period: The period of the Donchian breakout to the time signals
- Max History Bars: the number of bars to view when loading the indicator
- AC Min: the minimum ratio of the alternating current template
- Max. AC current: maximum AC current ratio of the template
- Min BD: the minimum BD ratio of the pattern
- Max. BD: Maximum BD ratio of the template
- AB = CD: enable or disable the AB = CD condition
- Display Options: Show or hide labels, ratios, and SL / TP levels
- Patterns: Select the colors and sizes of the lines forming the pattern
- Labels: Choose the colors and sizes of labels A, B, C, D
- Ratios and SL: Select the colors and font size for the ratios and SL / TP labels
- Breakout Alert: Enable receiving alerts when a pattern is detected
- Template Alert: Enable receiving alerts when a breakout occurs and arrows appear
- Notification settings: enable or disable visual, push, electronic, and audio alerts.
- The indicator is evaluated on each bar, not on each tick.
- The last point of the template is recolored when the template is expanded.
- There may be several indicators with different amplitudes on the chart.
- A warning is displayed when a pattern is formed, as well as when a breakout occurs.
- A small percentage of trading signals can be repainted. You can increase the breakout period.
Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
[/spoiler]