Harmonic PineScript Pattern Indicator (tradingvew)
Budget: $10 – $300 USD
Functional Requirements for a Comprehensive Harmonic Indicator
1. Supported Patterns
Core Patterns: ABCD, Gartley, Bat, Butterfly, Crab, Shark, Deep Crab, Alternative Bat, Cypher, Three Drives, 5-0.
Custom Patterns: Support for inputting custom harmonic patterns with user-defined Fibonacci ratios via the settings interface.
Nested Patterns: Detection of nested patterns (e.g., Gartley within Butterfly) with distinct labels or prioritization of the stronger pattern based on strength scoring.
2. Pattern Detection and Predictive Drawing
Automatic Detection: Utilizes Pivot Points or ZigZag to identify patterns based on Fibonacci ratios.
Predictive Drawing: Draws patterns before completion (e.g., predicting point D based on XA, AB, and BC), with continuous updates as the pattern evolves.
Self-Correction: Automatically adjusts patterns based on market price changes or new data.
Leg Control:
Specify the minimum number of candles between legs (e.g., XA to B: at least 5 candles, adjustable).
Customize ratio ranges for each leg (e.g., C = 0.382–0.999).
Multi-Timeframe Analysis: Displays patterns from higher timeframes (e.g., H4 on M15) with clear labels.
3. Pattern Visualization
Pattern Drawing:
Draws pattern lines (XA, AB, BC, CD) with clear labels for points (X, A, B, C, D).
Highlights the Potential Reversal Zone (PRZ) with a shaded box containing:
The word "PRZ".
The specific price level.
Associated Fibonacci ratios (e.g., 161.8%, 200%, 224%).
Uses distinct colors and styles for each pattern to facilitate differentiation.
TP/SL Lines:
Draws TP1, TP2, TP3 lines in green or blue, and SL line in red.
Equal spacing between lines, adjustable based on ratios (e.g., 38.2%, 61.8% of AD).
Labels:
Displays pattern name (e.g., "Bullish Gartley") and retracement/extension ratios near key points.
Customizable text size, color, and position.
4. Customization and Control
Pattern Settings:
Enable/disable specific patterns (e.g., display only Gartley).
Adjust Fibonacci ratios for each pattern individually (e.g., C = 0.999 instead of 0.886).
Set tolerance levels for ratios to accommodate market volatility.
PRZ Settings:
Customize box size, color, and transparency.
Adjust displayed ratios (e.g., 161.8%, 200%, 224%).
TP/SL Settings:
Customize TP/SL ratios.
Automatically calculate Risk-to-Reward Ratio based on the pattern.
Visibility Settings:
Show/hide specific elements (e.g., hide TP/SL while keeping the pattern).
Automatically delete previous patterns when enabled, or retain them if disabled.
Save previous patterns on the chart for later review.
Interface Settings:
Full control over colors, line styles, text sizes, and shapes.
Manual repositioning of elements (e.g., pattern labels or PRZ box).
5. Integration with Technical Indicators
RSI: Identifies overbought/oversold conditions to confirm patterns, displaying confirmation signals (e.g., "RSI Confirmation" in overbought/oversold zones).
MACD: Analyzes momentum and trend to enhance pattern accuracy, showing confirmation signals (e.g., MACD crossover supporting pattern reversal).
Additional Indicators: Supports Bollinger Bands, Moving Averages, and Support/Resistance levels.
Control: Enable/disable individual indicators and display confirmation signals visually on the chart.
6. Japanese Candlestick Analysis
Candlestick Detection: Identifies reversal candlestick patterns (e.g., Engulfing, Doji, Hammer) to confirm harmonic patterns.
Integration: Combines candlestick patterns with harmonic patterns to enhance signal accuracy, displaying confirmation signals (e.g., "Bullish Engulfing at PRZ").
Control: Enable/disable candlestick analysis via settings.
7. Advanced Alerts
Alert Types:
Alerts for pattern formation (predictive) or completion.
Alerts when price reaches TP1, TP2, TP3, or SL.
Separate alerts for each pattern (e.g., "Bullish Gartley Completed").
Alert Channels: Pop-up windows, sound, email, phone notifications, Telegram, or Discord.
Control: Settings to enable/disable specific alerts and customize conditions (e.g., alert only for strong patterns).
8. Dashboard
Description: Displays a real-time summary of detected patterns across multiple currency pairs or financial instruments.
Details:
Shows pattern name, pair/instrument, timeframe, status (completed/forming), and historical success rate (if available).
Movable or hideable on the chart.
Supports filtering by pattern or timeframe.
Acceptance Criteria: Responsive and displays accurate data.
9. Pattern Strength Scoring
Scoring: Evaluates pattern strength based on:
Accuracy of Fibonacci ratios compared to ideal values.
Movement size (e.g., large vs. small XA).
Alignment with support/resistance or technical indicators (e.g., RSI, MACD).
Visualization: Displays a score (0–100) or classification (Weak/Medium/Strong) next to the pattern.
Acceptance Criteria: Scores are accurate and reflect pattern reliability.
10. Enhanced Trading Signals
Advanced Signals: Buy/sell signals based on pattern interaction with support/resistance and Fibonacci Extensions/Retracements.
Integration: Supports Moving Averages and Bollinger Bands to improve signal accuracy.
Control: Filter signals based on Risk-to-Reward Ratio.
11. Backtesting
Description: Tests historical pattern performance.
Details:
Provides statistics like success rate and average return.
Displays results in a table or chart.
Acceptance Criteria: Accurate results aligned with detected patterns.
12. Market Context Analysis
Analysis:
Trend analysis using Moving Averages or ADX.
Volatility analysis using ATR or Bollinger Bands.
Alerts: Warns if a pattern forms in unfavorable conditions (e.g., high volatility or opposing trend).
Acceptance Criteria: Accurate warnings that aid decision-making.
13. Interactive User Interface
Interaction:
Clicking a pattern displays details (e.g., ratios, TP/SL).
Manual editing tools for patterns (e.g., adjusting point D).
One-click show/hide for elements.
Acceptance Criteria: Smooth and user-friendly interface.
14. Pattern Performance Report
Description: Generates a report detailing historical pattern performance.
Details: Includes success rate, average return, and trade count, exportable as CSV or PDF.
Acceptance Criteria: Accurate and easily exportable reports.
15. Multi-Language Support
Support: Includes Arabic, English, and other languages.
Control: Language selection via settings.
Acceptance Criteria: Accurate labels and documentation in all languages.
16. AI Optimization
Description: Uses a simple algorithm to enhance detection of high-probability patterns.
Acceptance Criteria: Improves detection accuracy without impacting performance.
17. Design and Graphical Interface
PRZ Box: Dark background, white text, displays ratios (e.g., 161.8%, 200%, 224%) and price.
TP/SL Lines: Green/blue for TP, red for SL, adjustable spacing.
Labels: Accurate pattern names and ratios, customizable text.
18. Non-Functional Requirements
Programming Language: Pine Script v5.
Compatibility: Supports all timeframes (1-minute to yearly) and financial instruments (forex, stocks, crypto, futures).
Performance: Efficient data processing to avoid chart lag.
Documentation:
Fully commented code.
Detailed user manual (PDF/text).
Optional explanatory video.
19. Deliverables
Complete Pine Script code.
User manual (PDF/text).
Screenshots matching the provided design.
Optional explanatory video.
20. Acceptance Criteria
Accurate detection and visualization of all patterns.
Precise predictive drawing with continuous updates.
Full control over settings (ratios, PRZ, TP/SL, visuals).
Seamless integration with RSI, MACD, Bollinger Bands, Moving Averages, and candlestick patterns.
Accurate alerts across multiple channels.
Responsive and accurate dashboard.
Reliable pattern strength scoring.
Smooth performance across all timeframes.
Comprehensive and clear documentation.
1. Supported Patterns
Core Patterns: ABCD, Gartley, Bat, Butterfly, Crab, Shark, Deep Crab, Alternative Bat, Cypher, Three Drives, 5-0.
Custom Patterns: Support for inputting custom harmonic patterns with user-defined Fibonacci ratios via the settings interface.
Nested Patterns: Detection of nested patterns (e.g., Gartley within Butterfly) with distinct labels or prioritization of the stronger pattern based on strength scoring.
2. Pattern Detection and Predictive Drawing
Automatic Detection: Utilizes Pivot Points or ZigZag to identify patterns based on Fibonacci ratios.
Predictive Drawing: Draws patterns before completion (e.g., predicting point D based on XA, AB, and BC), with continuous updates as the pattern evolves.
Self-Correction: Automatically adjusts patterns based on market price changes or new data.
Leg Control:
Specify the minimum number of candles between legs (e.g., XA to B: at least 5 candles, adjustable).
Customize ratio ranges for each leg (e.g., C = 0.382–0.999).
Multi-Timeframe Analysis: Displays patterns from higher timeframes (e.g., H4 on M15) with clear labels.
3. Pattern Visualization
Pattern Drawing:
Draws pattern lines (XA, AB, BC, CD) with clear labels for points (X, A, B, C, D).
Highlights the Potential Reversal Zone (PRZ) with a shaded box containing:
The word "PRZ".
The specific price level.
Associated Fibonacci ratios (e.g., 161.8%, 200%, 224%).
Uses distinct colors and styles for each pattern to facilitate differentiation.
TP/SL Lines:
Draws TP1, TP2, TP3 lines in green or blue, and SL line in red.
Equal spacing between lines, adjustable based on ratios (e.g., 38.2%, 61.8% of AD).
Labels:
Displays pattern name (e.g., "Bullish Gartley") and retracement/extension ratios near key points.
Customizable text size, color, and position.
4. Customization and Control
Pattern Settings:
Enable/disable specific patterns (e.g., display only Gartley).
Adjust Fibonacci ratios for each pattern individually (e.g., C = 0.999 instead of 0.886).
Set tolerance levels for ratios to accommodate market volatility.
PRZ Settings:
Customize box size, color, and transparency.
Adjust displayed ratios (e.g., 161.8%, 200%, 224%).
TP/SL Settings:
Customize TP/SL ratios.
Automatically calculate Risk-to-Reward Ratio based on the pattern.
Visibility Settings:
Show/hide specific elements (e.g., hide TP/SL while keeping the pattern).
Automatically delete previous patterns when enabled, or retain them if disabled.
Save previous patterns on the chart for later review.
Interface Settings:
Full control over colors, line styles, text sizes, and shapes.
Manual repositioning of elements (e.g., pattern labels or PRZ box).
5. Integration with Technical Indicators
RSI: Identifies overbought/oversold conditions to confirm patterns, displaying confirmation signals (e.g., "RSI Confirmation" in overbought/oversold zones).
MACD: Analyzes momentum and trend to enhance pattern accuracy, showing confirmation signals (e.g., MACD crossover supporting pattern reversal).
Additional Indicators: Supports Bollinger Bands, Moving Averages, and Support/Resistance levels.
Control: Enable/disable individual indicators and display confirmation signals visually on the chart.
6. Japanese Candlestick Analysis
Candlestick Detection: Identifies reversal candlestick patterns (e.g., Engulfing, Doji, Hammer) to confirm harmonic patterns.
Integration: Combines candlestick patterns with harmonic patterns to enhance signal accuracy, displaying confirmation signals (e.g., "Bullish Engulfing at PRZ").
Control: Enable/disable candlestick analysis via settings.
7. Advanced Alerts
Alert Types:
Alerts for pattern formation (predictive) or completion.
Alerts when price reaches TP1, TP2, TP3, or SL.
Separate alerts for each pattern (e.g., "Bullish Gartley Completed").
Alert Channels: Pop-up windows, sound, email, phone notifications, Telegram, or Discord.
Control: Settings to enable/disable specific alerts and customize conditions (e.g., alert only for strong patterns).
8. Dashboard
Description: Displays a real-time summary of detected patterns across multiple currency pairs or financial instruments.
Details:
Shows pattern name, pair/instrument, timeframe, status (completed/forming), and historical success rate (if available).
Movable or hideable on the chart.
Supports filtering by pattern or timeframe.
Acceptance Criteria: Responsive and displays accurate data.
9. Pattern Strength Scoring
Scoring: Evaluates pattern strength based on:
Accuracy of Fibonacci ratios compared to ideal values.
Movement size (e.g., large vs. small XA).
Alignment with support/resistance or technical indicators (e.g., RSI, MACD).
Visualization: Displays a score (0–100) or classification (Weak/Medium/Strong) next to the pattern.
Acceptance Criteria: Scores are accurate and reflect pattern reliability.
10. Enhanced Trading Signals
Advanced Signals: Buy/sell signals based on pattern interaction with support/resistance and Fibonacci Extensions/Retracements.
Integration: Supports Moving Averages and Bollinger Bands to improve signal accuracy.
Control: Filter signals based on Risk-to-Reward Ratio.
11. Backtesting
Description: Tests historical pattern performance.
Details:
Provides statistics like success rate and average return.
Displays results in a table or chart.
Acceptance Criteria: Accurate results aligned with detected patterns.
12. Market Context Analysis
Analysis:
Trend analysis using Moving Averages or ADX.
Volatility analysis using ATR or Bollinger Bands.
Alerts: Warns if a pattern forms in unfavorable conditions (e.g., high volatility or opposing trend).
Acceptance Criteria: Accurate warnings that aid decision-making.
13. Interactive User Interface
Interaction:
Clicking a pattern displays details (e.g., ratios, TP/SL).
Manual editing tools for patterns (e.g., adjusting point D).
One-click show/hide for elements.
Acceptance Criteria: Smooth and user-friendly interface.
14. Pattern Performance Report
Description: Generates a report detailing historical pattern performance.
Details: Includes success rate, average return, and trade count, exportable as CSV or PDF.
Acceptance Criteria: Accurate and easily exportable reports.
15. Multi-Language Support
Support: Includes Arabic, English, and other languages.
Control: Language selection via settings.
Acceptance Criteria: Accurate labels and documentation in all languages.
16. AI Optimization
Description: Uses a simple algorithm to enhance detection of high-probability patterns.
Acceptance Criteria: Improves detection accuracy without impacting performance.
17. Design and Graphical Interface
PRZ Box: Dark background, white text, displays ratios (e.g., 161.8%, 200%, 224%) and price.
TP/SL Lines: Green/blue for TP, red for SL, adjustable spacing.
Labels: Accurate pattern names and ratios, customizable text.
18. Non-Functional Requirements
Programming Language: Pine Script v5.
Compatibility: Supports all timeframes (1-minute to yearly) and financial instruments (forex, stocks, crypto, futures).
Performance: Efficient data processing to avoid chart lag.
Documentation:
Fully commented code.
Detailed user manual (PDF/text).
Optional explanatory video.
19. Deliverables
Complete Pine Script code.
User manual (PDF/text).
Screenshots matching the provided design.
Optional explanatory video.
20. Acceptance Criteria
Accurate detection and visualization of all patterns.
Precise predictive drawing with continuous updates.
Full control over settings (ratios, PRZ, TP/SL, visuals).
Seamless integration with RSI, MACD, Bollinger Bands, Moving Averages, and candlestick patterns.
Accurate alerts across multiple channels.
Responsive and accurate dashboard.
Reliable pattern strength scoring.
Smooth performance across all timeframes.
Comprehensive and clear documentation.