Contribute

Contribute an indicator to the library by clicking here. Note you must be logged in.

New! Stock Portfolio Organizer is now available:
  • Shares, Margin, Futures and Forex
  • EOD and Realtime data
  • And Much More...
GoTo Stock Portfolio Organizer
New! WiseTrader Toolbox for Amibroker is now available with:
  • Advanced Adaptive Indicators
  • Advanced Pattern Exploration
  • Neural Networks
  • And Much More...
GoTo WiseTrader Toolbox

Popular Indicators

Harmonic pattern detection for Amibroker (AFL)

3 / 5 (Votes 25)

Some of the patterns are bearish and some of them are bullish which helps in taking decisions.

Here is a screenshot of how the indicator looks:
Harmonic

Similar Formulas

Formula

You must be a member to view this formula. Please login or register.

17 Comments

Nice AFL – is there any to get the name of the pattern with bullish / bearish implications as text on the chart

2. morgen

Very nice!
I think those green+blue are BULL, those yellow+red are BEAR, consistent with text formula.

Sorry for putting a comment without cross checking – actually the name of the pattern appears on the day the pattern is completed – if you get the cursor on that day – Alternatively the exploration also gives names of scrips who have completed any of the patterns on the given day

I have to try this formula , Buy sell signal consists of 4 days after the late , dangerous

Thank you for sharing :)

Dear Kuzukapama

This indicator only provides early alert. For example if it is showing bearish pattern, even then rally may continue for 4-5 more days. For final decision you have to confirm it from other indicators like RSI or MACD.

Rakesh Kumar

Thanks for the explanation to ;)

Hi is there a way that we can color inside the shapes to make the pattern clearer.

Many thnks for sharing.

Mikey

8. yama

WOW! I started using this pattern and I truly have learned to appreciate its power to detect precise BUY and SELL — almost to the dollar precise…

I, however, made mome minor adjustment to the code including but not limited to:

1. translation of the comments from vietnamese to english
2. buy/sell alerts
3. change coloring

Backtest I ran against this system were the most sucessfull backtest I had ever seen!!!

THANK YOU FOR THIS CODE!
~ yama ~

9. sangi79

Hi,

Can any one pls say why I am not able to see the pattern drawing in amibroker while exploring? It shows scrip , volume, date and time but not pattern name and the plotting of the pattern in the chart? I am using ami 5.3. Pls help.

10. alex_raju

not working\

11. mdabrar

ON THURSDAY I SAW A BEARISH PATTERN COMPLETED DATE 13/3/04 SO I
THOUGH TO GO WITH SELL NEXT DAY BUT NEXT STOCK RALLY UPWARD AND THE SIGNAL WHICH HAD ALREADY COMPLETED ON 13/3/04 (THURSDAY) NOW SHIFT TO FRIDAY 14/3/04, IT MEANS THE ‘D’ WHICH ALREADY COMPLETED AND SHOWED ON 13/3/04 EOD CANDLE, AND NOW I AM SEEING IT MOVES TO 14/3/04 . PLZ MAKE IT CLEAR THAT HOW WOULD I KNOW WHEN EXACTLY THE PATTERN COMPLETED IT WONT GONA CHANGE WHATEVER THE CANDLE WOULD BE NEXT DAY OR DAY AFTER.

THANKYOU…..

12. handasa

fake formula with looking to the future with REF function …

it generate buy/sell signal by looking to the future which is completely useless

13. maonondoi

Many thnks for sharing.

14. rakard

This code for good

15. ostad251

thank you very much .
very nice but I think this indicator is very help full but it does not mean we don’t think.
this is my opinion.

thanks again for sharing this indicator.

16. vps555

Can anyone revise the afl to indicate a potential pattern, i.e., before the completion of the pattern? What I mean is that if XA to B and AB to C ratios meet the requirements of a particular pattern, can the afl predict the price for point D. Copy-paste the URL to see the image.

http://imgur.com/a/9rfWK

Có comment tiếng Việt. Bạn Việt Nam viết AFL này à. Thanks

Please login here to leave a comment.

Main Menu

Indicators

Sponsors