AB=CD [Real-Time] (Zeiierman)

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█ Overview
The AB=CD [Real-time] (Zeiierman) indicator is designed to automatically detect the ABCD pattern across any chart and timeframe as it unfolds. Activating when point C forms, it automatically draws the D line, giving traders immediate entry, stop-loss, and target signals.

The primary use of the ABCD pattern is to provide a structure to forecast where prices are likely to move next. It's grounded in the principle that history tends to repeat itself, and patterns in price movements are reflective of market psychology.

A simple yet powerful tool in the trader's toolkit, providing clear signals for entry, stop-loss, and profit-target levels, which are based on symmetrical price movements and Fibonacci mathematics. It is applicable in various markets including forex, stocks, and commodities.




█ How to Use
The ABCD pattern is one of the foundational chart patterns used in technical analysis. It's essentially a price structure where two price legs are equivalent in length. In other words, the distance price travels from A to B roughly equals the distance from C to D.

Trend Continuation: Suggests that after a pullback, the original market trend is likely to resume towards point D.

Entry Point: Typically at point C to capitalize on the movement towards D.

Profit Target: Set at point D, expected to mirror the length of the A to B leg.
Stop Loss: Placed just beyond point C to protect against pattern failure.

█ How It Works
The pattern is made up of three consecutive price swings:

1. AB: This is the first price leg. It can either be up or down.
   
2. BC: This is a corrective or retracement leg. If AB is up, BC will be down, and vice versa.
   
3. CD: This is the final price leg. It moves in the same direction as AB and is approximately equal in length.
   

The ABCD pattern algorithm identifies pivot points over a user-defined period, labeled as A, B, C, and D. These points are determined by finding the highest and lowest values (extremes) within the specified period. The direction of the pattern is then established based on the position of these extremes. Fibonacci retracement levels are calculated between these points to determine potential reversal zones (entry and stop levels) and extension levels (target zones). When the price crosses into these zones, the ABCD pattern becomes active, signaling potential trading opportunities.

█ Settings

• Market Move: This setting allows traders to define the size of the market move they're interested in, ranging from small to traditional, to swing, or even a custom length. This adjusts the sensitivity and the period over which the ABCD pattern is detected.
  
• Bias: Traders can set their bias to bullish, bearish, or both, which filters the patterns based on the anticipated market direction.
  
• Entry Retracement: Defines the Fibonacci retracement level for potential entry points.
  
• Stop Retracement: Sets the Fibonacci retracement level for stop loss placement.
  
• Exit Retracement: Determines the Fibonacci extension level for the profit target.
  
• Show Stoploss & Target: Toggles the display of stop loss and target lines on the chart.
  
• Color Settings: Customize the colors for bullish and bearish patterns to improve visual distinction.
  

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