ABCD Retracement 8.0

Metatrader Indicator (MT4/MT5)

  • Overview

    This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns.

    • Find harmonacci retracements easily
    • Learn the basics of harmonacci patterns
    • Useful to find cheap and expensive zones
    • Customizable AC and BD ratios (for purists)
    • t displays SL and TP levels based on CD fibo levels
    • It implements visual/sound/push/mail alerts

    AB=CD Retracements can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input.

    • Bullish retracements are blue
    • Bearish retracements are red

    Kindly note that price patterns such as AB=CD can expand and the indicator must repaint to follow the expansion of the pattern. If the pattern repaints beyond the AC/BD/AB=CD ratios entered in the parameters, the pattern will dissapear as it won't be valid any more. To trade these patterns, please resort to the donchian breakout signal.

    Technical Details

    • The indicator is evaluated every bar, not every tick.
    • The last point of the pattern repaints as the pattern expands.
    • You can have several indicators on the chart with different amplitudes.
    • An alert is displayed when the pattern forms and also when the breakout takes place.
    • A small percentage of trading signals can repaint. You can increase the breakout period.
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Amplitude
    Size of the AB=CD patterns to be found
    Breakout Period
    Donchian breakout period to time signals
    Max History Bars
    Amount of bars to look back when the indicator loads
    Min AC
    Minimum AC ratio of the pattern
    Max AC
    Maximum AC ratio of the pattern
    Min BD
    Minimum BD ratio of the pattern
    Max BD
    Maximum BD ratio of the pattern
    AB = CD
    Enable or disable the AB = CD condition
    Display Options
    Display or hide labels, ratios and SL/TP levels
    Patterns
    Select colors and sizes for the lines forming the pattern
    Labels
    Select colors and sizes of the A,B,C,D labels
    Ratios and SL
    Select colors and font-size for ratios and SL/TP labels
    Alert on breakouts
    Enable to receive alerts when a pattern is found
    Alert on patterns
    Enable to receive alerts when a breakout happens and arrows show up
    Alert settings
    Enable or disable visual, push, email and sound alerts
  • ? FAQ
    Does the indicator repaint?
    Yes, the D point has to repaint as the pattern expands.
    Does the indicator implement alerts?
    Yes, it does.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader
ABCD Retracement  Indicator for Metatrader