📌It's stable, everyone is stable! ! With these three trading plug-ins, you can see all the harmonics, divergences, and patterns at once! They are automatically marked for you! ! ! 😍😍👹

The first one is to automatically identify the divergence indicator. We search for Divergence for Many Indicators v4 in the indicator search bar😘

Divergence is generally divided into top divergence and bottom divergence, which means that the price trend and the indicator trend move in the opposite direction. The concept of top divergence is very simple. It means that the price has a higher high point, but the indicator has not reached a new high. The bottom divergence means that the price has a lower low point, but the indicator has not fallen but risen!

After the divergence occurs, the probability of price reversal will increase. For example, the semi-god MACD strategy mentioned in the channel uses the divergence relationship between price and MACD. The certainty after the signal appears is very high!

The most powerful part of this indicator is that it can not only identify the divergence status of built-in indicators such as RSI, MACD, CCI, OBV, and CMF, but also add and identify any external indicators!

Now we add a True Range Average ATR indicator to the chart, then turn on the function of checking external indicators, and change the opening option of the external indicator to ATR. In this way, as long as ATR diverges from the price, it will be marked in the chart. The names of all external indicators are displayed as extern in the chart/

In addition to displaying external indicators, these built-in indicators can also select several zone marks, such as the divergence resonance of RSI, MACD histogram, OBV, and MFI, which often produces high-certainty indicator options. You can refer to my settings/

The source of the pivot point is set to High/Low, and the maximum number of candlesticks to be checked is set to 34, which means that the indicator analyzes the divergence of the output pivot point in the last 34 candlesticks. If you want to modify the parameters, you can also debug according to the numbers of the Fibonacci sequence🫡

📍The second is an indicator that can identify almost all candlestick patterns. We search for All Candlestick Patterns in the indicator search bar Identifier, click to save and add to the chart~

The indicator can identify patterns such as dark cloud cover, cross star, pregnancy line, engulfing, etc. When the price moves out of these patterns, the indicator will immediately identify them and mark them in the chart/

You can select the K-line pattern you need, and uncheck the unnecessary function options, leaving only the ones you often use or have higher accuracy~

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The third one to talk about is the scanning tool that automatically identifies and marks harmonics. We enter Auto Harmonic Patterns in the indicator search bar - V2, click to collect and add to the chart

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When the three points of the indicator in the upper left corner start to move, the indicator has already started the analysis of the chart. It will analyze 4 groups of zigzag data at a time. Each group of zigzags will be deduced multiple times to determine the harmonic pattern that meets the conditions, resulting in the loading of the indicator to be slow/

Zigzag can be used to filter smaller price fluctuations. It will only be calculated when the price fluctuation is greater than the set ratio, so as to eliminate market noise and filter horizontal price fluctuations to the greatest extent. The parameter ratio is set according to the Fibonacci sequence and can be kept unchanged~

If you want to speed up the analysis of the indicator, we can also only choose the harmonic mode we often use, such as the Gartley Butterfly pattern, turn on both the positive and negative modes, and turn off the unnecessary pattern options. In this way, when the price forms a harmonic pattern that meets the conditions, it will be automatically marked in the chart!

The indicator will only display the currently valid harmonic pattern, not the historical information. So if nothing appears on the chart after opening the indicator, it may be that the current market does not have a pattern that meets the conditions, or the indicator recognition is wrong (this indicator still has some bugs)~

In order to use this tool better, there are two sets of parameters that you need to understand. The first is the Entry Ratio and the Stop Ratio. This ratio is the Fibonacci retracement value of AD or CD. If the amplitude of AD is large, the Fibonacci retracement of AD is calculated. If the amplitude of CD is large, CD is used for calculation/

For example, the amplitude of the current harmonic is AD greater than CD. We select Fibonacci and connect AD from left to right. We can see that the set entry ratio is 0.1, and the entry position marked by the indicator is below the Fibonacci 0.1 position of AD!

There is a function to wait for confirmation whether the harmonic is formed. Its function is that if the price does not rebound from point D to 0.1 position, we cannot determine the last point of the harmonic, that is, the location of the location. Only when the price rebounds to the 0.1 position of AD can we determine that the harmonic pattern has been formed, and this is the time to enter the market.

The stop loss ratio must be less than the entry ratio. A negative value means that the stop loss is outside AD, and a positive value means that the stop loss is between AD/

The second is target 1-4, which is the 4 batch profit targets after entry. I am used to setting target 1 at 0.382 of the Fibonacci retracement based on the maximum AD or CD, target 2 at 0.618, target 3 at 1, and target 4 at 1.618. When the price reaches target 4, the final profit point, the harmonic pattern will disappear from the chart until the harmonic that meets the conditions appears again~

Other parameters can be kept as default, and the tables function in the style column can be unchecked to keep the chart simple!

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