5-0 Pattern ULTRA V6 [NXT2017]+Volume Profile +POC +SignalCounts

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5-0 Pattern ULTRA V6 [NXT2017]

This script is an advanced harmonic scanner designed specifically to detect the 5-0 Pattern. Unlike standard harmonic indicators, the "ULTRA" version scans across 9 different pivot lengths simultaneously (from 5 up to 233) to ensure no valid structure is missed, regardless of the timeframe.

It includes an integrated Volume Profile feature that automatically analyzes the volume distribution within the pattern to help validate the Point of Control (POC) near the reversal zone.

What is the 5-0 Pattern? The 5-0 is a unique 5-point harmonic structure (X, A, B, C, D) discovered by Scott Carney. It is distinct from other patterns like the Gartley or Bat because it relies heavily on specific reciprocal extensions. The completion point (D) is defined by a 50% retracement of the BC leg.

Pattern Rules used in this indicator:

• The AB leg is a 1.13 to 1.618 extension of the XA leg.
  
• The BC leg is a 1.618 to 2.618 extension of the AB leg.
  
• The CD leg (Entry Zone) is a distinct 50% retracement of the BC leg.
  

Key Features of V6

• Multi-Pivot Scanning: The indicator runs 9 separate scanners in the background (Pivot lengths: 5, 8, 13, 21, 34, 55, 89, 144, 233). You can toggle specific lengths on/off in the settings.
  
• Auto Volume Profile: When a pattern is found, the script draws a Volume Profile over the structure and highlights the Point of Control (POC) line. This helps determine if there is volume support/resistance at the trade location.
  
• Statistics Dashboard: A dashboard table displays historical data, showing how many Bullish and Bearish patterns have been detected for each pivot size on the current chart.
  
• Smart History Filtering: Includes a mechanism to prevent duplicate patterns from cluttering the chart.
  
• Interactive Guide: A built-in "Guide Mode" can be activated in the settings to hide signals and display a text tutorial on how to trade the pattern.
  

Settings & Customization

• Tolerance: Adjust the inaccuracy percentage to make the scanner stricter or looser regarding Fibonacci ratios.
  
• Visuals: Fully customizable colors for Bullish/Bearish patterns, Target lines, and Volume Profiles.
  
• Labels: Choose between showing "XABCD" lettering or a simple "5-0" tag with the pattern size.
  
• Alerts: Native alert conditions are set up. You can create alerts to be notified instantly when a new pattern is formed.

Risk Disclaimer: Trading harmonic patterns involves risk. The 5-0 pattern is a reversal setup; always use proper risk management and confirmation before entering a trade.

Made by NXT2017

This is a new creation of v1:

il y a 2 heures

Notes de version

* changed into english text