ABCD Pattern indicator

v10.3
ABCD Pattern indicator

ABCD Pattern indicator

Based on a request in the italian support forum, it plots both Bullish and Bearish ABCD patterns on the chart.

Variables that can be set with the indicator’s properties:

  • LmaxBars = 100     number of lookback bars
  • LMinBars = 5          minimun number of bars between points A-C and C-D
  • Ldistance = 15         offset to display letters on the chart

References:

https://www.prorealcode.com/topic/fibonacci-2/page/4/#post-108394

https://www.dailyfx.com/forex/education/trading_tips/post_of_the_day/2013/01/11/Learn_Forex_Trading_the_ABCD_Pattern.html

https://www.forex.com/en-uk/education/education-themes/technical-analysis/abcd-pattern/

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Mauro • 11/20/2019 #

    Thanks Roberto, amazing job as your usual.
    Only one question is the final configuration when it is visible on the chart so to speak (C D).

  2. luxrun • 11/20/2019 #

    Bellissimo lavoro, Roberto, congratulazioni. C’è un unico piccolo/grande problema: imparare a usare il pattern ABCD.

  3. robertogozzi • 11/20/2019 #

    Ceecando su internet troverai molte spiegazioni.
    In due parole quando si forma la D di entra in direzione opposta, ovviamente valutando sempre anche altre condizioni.
    A parte ho pubblicato anche il relativo screener.

  4. luxrun • 11/20/2019 #

    Grazie anche per lo screener, mi studierò per bene questo pattern armonico.

  5. ggolfet • 11/20/2019 #

    Ottimo lavoro, una sola curiosità: è possibile settare il riempimento dei triangoli? A me compaiono solo i segmenti che compongono il perimetro. Grazie

  6. robertogozzi • 11/20/2019 #

    No, il colore interno non si può cambiare con la versione 10.3, si potrà dalla 11, per ora disponibile solo con PRT, che non ho, mentre IG ad anno nuovo, ma non so in che mese.
    Però dovresti vedere il colore di default, prova a scurire o schiarire il monitor.

    • ggolfet • 11/20/2019 #

      Grazie per il riscontro, io per ora uso la versione beta 11.1. Che tu sappia, c’è qualche istruzione specifica da inserire nel codice per mettere il colore interno?

  7. robertogozzi • 11/20/2019 #

    https://www.prorealcode.com/blog/prorealtime-v11-new-instructions-and-improvements-in-calculation-speed/

  8. Abz • 11/20/2019 #

    hello , is it possible to see the patterns back in time? i tried to adjust the loockback value bit it dident draw anything in historical data.

    • ggolfet • 11/20/2019 #

      Grazie mille per la risposta. Avrei un’altra domanda (un po’ off topic). Quando su esaminano i risultati di un trading system (probacktest) è possibile plottare (nella finestrella curva guadagni-perdite) o, comunque, far apparire il ratio gain/loss, senza dover aprire la finestrella del rapporto dettagliato. Sarebbe comodo, ad esempio se si confrontano più trading system, avere il parametro gain/loss evidenziato nei relativi grafici (in modo da non avere troppe finestre aperte). Sai se c’è qualche comando da inserire nel trading system o settaggio di prorealtime che permetta di rendere immediatamente visibile il parametro gain/loss? – Grazie per l’attenzione

  9. robertogozzi • 11/20/2019 #

    Try uncommenting line 1, to see what happens.

  10. robertogozzi • 11/20/2019 #

    Crea un topic nel supporto ProOrder, per favore. Grazie

  11. efahmy • 11/20/2019 #

    I’m using V10.3 with IG and whenever I’m importing an indicator it doesnt overlay on the chart, but goes into a new panel. Do you know how to fix this?

  12. PEDRAM.JOKAR • 11/20/2019 #

    Is this compatible with IBKR PRT platform? how can i get a tutorial of IBKR coding?

    • robertogozzi • 11/20/2019 #

      I don’t know, if you have a demo account on it you can try. I don’t have it, sorry.

  13. toby.tarczy • 11/20/2019 #

    Thank you Roberto for the link. I will try to run it tomorrow.
    Toby

  14. Regan2020 • 11/20/2019 #

    Hi Roberto, I have imported the file, but instead of overlaying my main price tab, I get a separate tab at the bottom of the window? how do I overlap the pattern indicator on to the price screen? thank you in advance

    • robertogozzi • 11/20/2019 #

      Click the spanner on the upper left corner of your chart, then add an indicator from the list..

  15. Regan2020 • 11/20/2019 #

    Thank you Roberto. You have just changed my world! ha

    I have another question regarding the indicator, it only forms after the D has closed, is there a way to only have an ABC indicator, which will enable with DD a decision on the buy or sell direction for the D (from ABCD)?

    • robertogozzi • 11/20/2019 #

      Comment out lines 394, 411, 408, 410, 419 and 421.
      This should do, but also try replacing line 15 with:
      “SpointC = 0 AND XSpointC > 0”.

  16. sksaha77 • 11/20/2019 #

    Hi Roberto, thanks for the codes. I have added the indicator in V10.3; I can see the triangles but the letters ABCD is plotting way far in the chart and not next to the angles. Any tricks how to tune this up. Thanks in advance.

  17. Alby118 • 11/20/2019 #

    Thank you so much, appreciate alot. Can you explain witch symbol I use to set up in alerts? >, >=, => , = ….obviously not cross over or cross under.
    Thank you

    • robertogozzi • 11/20/2019 #

      Like my screener https://www.prorealcode.com/prorealtime-market-screeners/abcd-pattern-screener/

  18. aldtrading • 330 days ago #

    Thanks for your work.

    I’m using V11 and nothing is drawn on the chart, I believe this is a compatibility issue, so : What would it need to be compatible with V11?

    • robertogozzi • 330 days ago #

      It works on v10.3, v11 and v12. You are likely to have added it BELOW your chart (like RSI), try adding it ON your chart (like a Moving Average).

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