Harmonic Pattern Possibility Table

RozaniGhani-RG Updated   
This indicator was intended as educational purpose only based on Harmonic Pattern Table (Source Code) and Ratio For Harmonic Points to show Harmonic Pattern Possibility.

This indicator was build upon realizing there are some overlap for B = XA among Alternate Bat, Bat, Crab and Gartley.
Hence, the values split up to showcase the possibility of non overlap ratio.

Possible pattern, priority pattern and selected pattern may differs based value input.
Therefore C = AB, D = BC, D = XA and Stop Loss will change based value input and also selected pattern.

Credit to Scott M Carney, Harmonic Trading Volume 3: Reaction vs. Reversal.
Release Notes:
  • Update Input and Output string
  • Update font size
Release Notes:
Correction for p2
Release Notes:
Correction for ratio values
Release Notes:
Value correction from 0.913 to 0.930

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.


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