ABCD Strategy

kerok3g Updated   
One from many harmonic pattern that consists of two equivalent price legs. The ABCD pattern that helps traders predict when the price is about to change direction.

Tracing And Calculation

This code using pivot high and pivot low built-in method and calculate with Fibonacci Retracement.


To find ABCD pattern is very difficult, just coming up a few from thousand candle. That why this code using little bit tolerance ratio to get more pattern.
Release Notes:
Miss long entry condition
Release Notes:
increase accuracy tolerance to get more signal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?