Our initial goal with the Patterns Hunters website was to build some easy-to-use indicators for TradingView. Back when we started in 2020, there weren’t any good indicators for harmonic patterns. The ones that we found were either too limited (they only checked consecutive high and low points, ignoring the bigger picture) or unintuitive to use (just some lines on the chart without any explanation of what we are looking at or what the configuration does) and Scott Carney’s tools were not available for TradingView yet.
We started by creating our first script - the Harmonic Scanner indicator that provided a simple way of detecting harmonic patterns. The next step was the “Harmonic Scanner Pro” - a more advanced version that allows you to scan an unlimited number of points, add alerts, disable specific patterns, change retracement levels, and more. While working on the scanners, we came up with the idea - “what if we could predict the future harmonic pattern based only on the existing X, A, B, and C points?” That’s how the Harmonic Predictor was born.
As the number of features for each script grew, they got more and more complicated. So we’ve added articles, screenshots, and finally videos explaining how to use them. There is quite a lot going on, and if you are visiting this website for the first time - you might be overwhelmed. That’s why we decided to gather information about our scripts and other resources in this article. You can use it as a guide to what each indicator does and where to find answers to your most common questions.
Where to learn about harmonic patterns?
First and foremost - you should understand the tool that you are planning to use. This applies not only to our scripts but to every other tool that claims to help with trading. Especially if you are going to invest money based on what the tool tells you. If you’ve never heard about harmonic patterns, check out the “What Are Harmonic Patterns?” article. It explains what harmonic patterns are and how you can use them in your technical analysis tools.
It should be enough to give you a basic idea of how they work. The next step to understand them better is to read books from Scott Carney. He categorized and described more than half of the existing patterns and he’s probably the most influential person in the field of harmonic trading. Mr. Carney wrote 3 books on this subject (actually, he wrote more, but the last 3 of them are most up to date): https://harmonictrader.com/harmonic-trader-books/.
Our TradingView scripts
If you decide to use harmonic patterns in your technical analysis, we have a few TradingView scripts that can help you. Here is a short description of what each of them does:
- Harmonic Scanner - a free-to-use script for detecting any recent harmonic pattern. In this video you can learn how to add it to the chart, what each configuration option does, and see the best default settings.
- Harmonic Scanner Pro - a much more advanced version of the harmonic scanner. It detects an unlimited number of patterns, checks multiple points in the past, offers more configuration options, and lets you add alerts for automatic notifications about new patterns. You can see all those features explained in this video.
- Harmonic Predictor - script that can show you possible future harmonic patterns. This video explains how exactly it works and how you can use it to spot more patterns.
We also have two very simple scripts that don’t require much explanation, so you can go directly to TradingView to see how they work:
- AB=CD Patterns - free script that shows the AB=CD patterns.
- Gartley Predictor - free script for predicting the Gartley patterns. Think of it as a “demo” version of the Harmonic Predictor, but if all you search for are Gartley patterns, this script should be perfect for you.
Solving problems
If you get a script error saying “Study not authenticated,” it means that you don’t have access to the script. Paid scripts like the Harmonic Predictor or Harmonic Scanner Pro require a subscription that you can buy on our website, and then we need to manually give you access (which can take up to 24 hours, but usually, it’s much faster). If you paid for a script and got an email from us saying that you got the access, but you still see the “study not authenticated,” remove the script from the chart and add it again.
If you get any other type of error, you can also remove it and add it again. But there are much faster ways of “restarting” the script - you can hide and display it again or change the interval. In this video I show you all the different ways of dealing with script errors. And if resetting the script to its default values doesn’t help, you can always contact us through the contact form or send us a message on TradingView, and we will try to help you.
The information contained in this article is for educational and informational purposes only. Any information provided on this website does not constitute investment advice or an investment recommendation. Seek a duly licensed professional for investment advice.
Charts used in this article were created using the TradingView platform