Summary of Alternative Shark Harmonic Pattern Indicator on TradingView - free - [TFlab]
The video presents an overview of the Alternative Shark Harmonic Pattern Indicator available on TradingView. This indicator is a refined version of the traditional shark pattern, designed to help traders identify potential trading opportunities using Fibonacci ratios.
Main Financial Strategies and Features:
- Indicator Functionality: Analyzes charts and identifies the alternative shark pattern for buy and sell signals.
- Settings and Customization:
- Zigzag Lines and Pivot Periods: Users can set periods for zigzag lines to calculate both long-term and short-term trends.
- Shity Format Activation: Enhances accuracy in identifying the alternative shark pattern.
- Confirmation Settings: Allows users to confirm patterns based on the presence of trend lines and price movements.
- Display Options: Users can adjust the display settings, including time for patterns, colors for bullish/bearish signals, and line thickness.
- Alerts: The indicator includes customizable alert options based on pattern formations and completions, with settings for local time notifications.
Step-by-Step Guide:
- Access the indicator on TradingView and add it to favorites for quick access.
- Adjust settings for zigzag lines and pivot periods to suit trading preferences.
- Activate the shity format for improved accuracy in pattern identification.
- Set confirmation options based on trend line presence and price movements.
- Customize display settings for patterns, including colors and line thickness.
- Activate alerts for pattern formations and completions, including timezone settings for notifications.
Presenters/Sources:
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Category
Business and Finance