Summary of 📥 Alternate Bat Harmonic Pattern Indicator on TradingView - Free download - [TradingFinder]

The video presents the Alternate bat harmonic pattern Indicator available for free on the TradingFinder website and TradingView platform. This indicator helps traders identify and visualize the alternate bat harmonic pattern on price charts, which is a refined version of the traditional bat harmonic pattern, based on Fibonacci ratios.

Main Financial Strategy and Market Analysis:

• The indicator automatically detects and draws alternate bat harmonic patterns on price charts.
• It identifies key points such as the PRS point and issues buy or sell signals when specific candlestick patterns form.
• These signals help traders anticipate potential price reversals or continuations.

Key Features and Functionalities:

• Pattern Detection: Uses Fibonacci ratios to identify harmonic patterns.
• Buy/Sell Signals: Issued when specific candlestick patterns are detected after the pattern formation.
• Customization Options:
  • Adjust the zigzag pivot period to detect longer-term or shorter-term trends.
  • Enable/disable precise format patterns to filter out noisy or inaccurate patterns.
  • Enable/disable patterns with pivot crossings for more specific pattern identification.
  • Customize colors and sizes for bullish and profit patterns.
  • Select theme modes (off, light, dark) to match chart templates.
  • Configure alert settings, including alert activation, naming, alert sending modes (all, once per bar, per bar close), and time zone settings.

Methodology / Step-by-Step Guide to Use the Indicator:

• Access the indicator via TradingFinder website or directly on TradingView by searching its name.
• Add the indicator to your favorites for quick access.
• Place the indicator on the chart to start automatic pattern detection.
• Adjust input settings based on trading preferences:
  • Set zigzag pivot period for trend length.
  • Choose whether to display only precise patterns or include noisy ones.
  • Enable/disable pivot crossing patterns.
  • Customize appearance and theme.
• Set alerts according to preferred frequency and time zone.
• Monitor the chart for harmonic pattern drawings and buy/sell signals for trading decisions.

Presenters / Sources:

• The tutorial is presented by the TradingFinder team, as indicated by the video and website references.

Notable Quotes

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Category

Business and Finance

Video