Custom Pattern Detection (Harmonic Designer)

Category: market_structure

A flexible pattern detection framework that allows users to define custom XABCD(EF) harmonic-style patterns based on Fibonacci retracement/extension ratios of previous legs.

Formula

Retracement_{Ratio} = \frac{|P_n - P_{n-1}|}{|P_{n-1} - P_{n-2}|} \text{ where } P \text{ are ZigZag pivot points.}

Inputs

• Pivot lookback (default: 5)
• Detect Patterns (default: true)
• AB From Fib% (default: 0.5)
• AB To Fib% (default: 1.0)

See signal primitives and every published strategy that uses Custom Pattern Detection (Harmonic Designer) on WOBR StrategyVerse.