Category: Entry Signals

What Is An ABCD Pattern? The ABCD Pattern uses Fibonacci values to determine potential reversal zones in which there is a high chance of a change of market direction. Once identified such patterns can create high reward to risk opportunities when trading forex and indices across multiple time frames. An ABCD pattern comprises of two…
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Overview Often with Prorealtime Trading Systems a number of indicators are combined to create an entry signal with a couple of filters added to only take them at certain times or above technical levels but sometimes and indicator can require confirmation. Such examples include the Harmonic Trading Patterns whose signal create a reversal zone and…
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Daily Highs And Lows // calculate daily high/low (include sunday values if available) dailyHigh = DHigh(1) dailyLow = DLow(1) previousDailyHigh = DHigh(2) Weekly Highs And Lows // calculate weekly high If DayOfWeek < DayOfWeek[1] and lastweekbarindex = 0 then lastWeekBarIndex = BarIndex else if DayOfWeek < DayOfWeek[1] then weeklyHigh = Highest[BarIndex – lastWeekBarIndex](dailyHigh) weeklyLow =…
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SHI – Simple Harmonic Index RB The simple harmonic index is an oscillator that can be used to validate entry points for harmonic trading patterns

The Gartley Pattern dates back to 1932 and use Fibonacci values to determine potential reversal zones in which there is a high chance of a change of market direction. Once identified such patterns can create high reward to risk opportunities when trading forex and indices. This is a pattern that I trade using the Eurhythmic/Harminc…
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Indicator //text colour // white = 255,255,255 ; black = 0,0,0 r = 255 g = 255 b = 255 data2=(close[2] > open[2] and min(open[1], close[1]) > close[2] and open < min(open[1], close[1]) and close < open ) if data2 then DRAWTEXT(“Evening Star”, barindex, high[1]+atr*1.5, Dialog, Standard, 12) COLOURED(255,0,10) DRAWARROWDOWN(barindex–1,high[1]) COLOURED(255,0,10) endif Signal If data2=(close[2]…
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Indicator //text colour // white = 255,255,255 ; black = 0,0,0 r = 255 g = 255 b = 255 DojiSize = 0.05 data=(abs(open – close) <= (high – low) * DojiSize) if data then DRAWTEXT(“Doji”, barindex, high+atr, Dialog, Standard, 12) COLOURED(R,G,B) endif Signal DojiSize = 0.05 If (abs(open – close) <= (high – low)…
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