Indicators: Harmonic Pattern Finder V3 - page 9

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Max Eric Carlson:

more about the pattern probability , HOW is it calculated hits prz stop its a fail is whats computes a win ????

Andre Enger:
...

In the setting there is a "Max. history bars to process" setting (default 1000). The indicator starts this many bars back in a forwardly sliding window approach searching for pattern matches. Whenever there is a match it remembers it as a Success and draws the pattern, whenever there is a Failed pattern it does not draw it but still remembers it. By dividing the total number of successes by the total number of occurences (Successes + Failures), one obtains the Prob. corresponding to the empirical probability of a pattern success. But this metric is somewhat misleading for trading purposes because certain patterns like the Max. Gartley have a wide PRZ giving a wide price range for where the zigzag might reverse by chance. The standard Gartley has a more narrow PRZ usually causing a lower success rate, but as the zigzag must reverse in a more precisely defined range, it might be a better pattern for trading.

This is on the prior page. ZigZag reversing before PRZ-stop is hit counts as a win.

[Deleted]  

thanks Andre. 

I could create an ea pretty easy if an arrow appeared on prz start line. 

if an arrow appears in the object list i can detect it (using fxdreema)

just need to know where to place arrow code for bull / bear 

and arrow code itself . or could be placed at the Letter D. 

Then well ALL have an EA :)

 
can anyone give entry example to implement this indicator on EA ?
 
I need some help with compiling the indicator with included mqh files because I get a lot of errors in metaeditor about undeclared identifiers .
 
how can you have notifications when a pattern is drawn ??
 
How can a buffer be added to this indicator which can be used to create EAs??


 

Hello Authors,

This is really a master piece you have developed and shared with us all.

I am quite puzzled with the probability concept that you are displaying in the comments Box on screen.

I would like to know what Stop Loss and Take Profit are you considering for the decision of the trade taken at the points?

I would really appreciate your help regarding the issue. The documentation you have provided does not give a clear idea about about the success and failure of the trade is getting decided.

I request you to please update the documentation else let me know what is the idea behind deciding the success and the failure of the signal.

I loop forward to hearing from your soon.

Regards

 
this is very wonderfull project i ever seen in comunity base, and i still wait for MT4 version, thats would be great, and some documentation to implement this to EA, very wonderfull project
 

Hello community,

I have inspected the all code and finally i could get projected pattern's stoploss, takeprofit, name of the pattern and possibility. i extrated those values to array and i'm printing to see easily.

 
Yusuf Göksu #:

Hello community,

I have inspected the all code and finally i could get projected pattern's stoploss, takeprofit, name of the pattern and possibility. i extrated those values to array and i'm printing to see easily.

Kindly share.
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