Harmonic Pattern Suite
Introduction
The Harmonic Pattern Suite is a comprehensive TradingView indicator designed to identify and track harmonic patterns in real-time. This tool helps traders spot potential reversal opportunities using precise Fibonacci ratios.
Video Tutorial
See a full guide on setting up and trading the harmonic patterns in the video below
Key Features
Supported Patterns
How to Set Up
Our Harmonic Patterns Suite indicator identifies harmonic patterns using two different swing sizes. Defaults:
- Harmonic size 1: 4
- Harmonic size 2: 10
To adjust the Harmonic sizes, open the indicator settings (1) and navigate to the "Detection" section (2). Increasing the size focuses on larger patterns, whereas decreasing it highlights smaller patterns on the chart.
As with any technical analysis tool, the harmonic chart patterns should be used in conjunction with other forms of analysis and risk management strategies. No pattern is infallible, and traders must always be prepared for unexpected market movements that can occur at any time.
FAQ
What timeframes work best for harmonic patterns?
Harmonic patterns can be traded on any timeframe, but higher timeframes (1H and above) generally provide more reliable signals.
How accurate are harmonic patterns?
When combined with proper risk management and confirmation signals, harmonic patterns can be highly effective. However, no pattern is 100% accurate, so always use proper risk management.