Daveatt

BEST ABCD Pattern Strategy

Hello traders

This is the strategy version of this script

I - Concept

I present to you, ladies and gentlemen, the first screener for harmonic patterns .
Starting with an ACBD pattern screener this time!!

I used the calculations from Ricardo Santo's script

In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!!

II - Definitions

The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again.
The ABCD pattern shows perfect harmony between price and time.

The Williams Fractal is an indicator, developed by Bill Williams , that aims to detect reversal points (highs and lows) and marks them with arrows.
Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop

💎Strategy filters💎

I included some cool backtest filters:

- flexible take profit in USD value (plotted in blue)
- flexible stop loss in USD value (plotted in red)

The take profit and stop loss should work with Forex/FX pairs as well

All the BEST
Dave

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⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing

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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.

Disclaimer

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.

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