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Indicator TradingView
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5-0 Harmonic Pattern Indicator
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Age 3+
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level: intermidiate
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English
Author's Instructions
The 5-0 Harmonic Pattern indicator is a classic chart pattern indicator used to identify potential trend reversals. This pattern, thanks to its unique combination of Fibonacci ratios and price behaviors, provides a deep understanding of market structure.
In the TradingView platform, this harmonic pattern comprises five key points (A-B-C-D-X), with specific Fibonacci ratios connecting them. Traders consider the 5-0 pattern a reversal pattern, as it often forms at the end of a strong trend.
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Indicator TradingView
-
5-0 Harmonic Pattern Indicator
-
Age 3+
-
level: intermidiate
-
English
Author's Instructions
The 5-0 Harmonic Pattern indicator is a classic chart pattern indicator used to identify potential trend reversals. This pattern, thanks to its unique combination of Fibonacci ratios and price behaviors, provides a deep understanding of market structure.
In the TradingView platform, this harmonic pattern comprises five key points (A-B-C-D-X), with specific Fibonacci ratios connecting them. Traders consider the 5-0 pattern a reversal pattern, as it often forms at the end of a strong trend.