Nen Star Harmonic Pattern [TradingFinder] NenStar Reversal Auto🔵 Introduction
The Nen-Star Harmonic Pattern is an advanced reversal pattern in technical analysis, designed to identify market trend changes and predict key price reversal points. This pattern is defined by a combination of Fibonacci ratios and critical concepts such as Potential Reversal Zones (PRZ), market structure, and corrective waves.
The key points of this pattern include X, A, B, C, and D, and it appears in both bullish and bearish forms. In its bullish form, the pattern resembles the letter M, while in its bearish form, it takes the shape of W. The critical Fibonacci ratios for this pattern are 0.382 to 0.786 for the XA wave, 1.13 to 1.414 for the AB wave, and 1.272 to 2.618 for the BC wave.
The Nen-Star Harmonic Pattern is one of the most precise tools for identifying market reversals and executing reversal trades. Traders can use it to pinpoint optimal entry and exit points and benefit from high risk-to-reward ratios.
By emphasizing Fibonacci retracement levels, XABCD waves, the formation of bullish and bearish patterns, and precise trade entry points, this pattern has become a practical tool in advanced technical analysis.
Bullish Nen-Star Pattern :
Bearish Nen-Star Pattern :
🔵 How to Use
The Nen-Star Harmonic Pattern indicator allows traders to automatically identify the bullish and bearish structures of this pattern and locate optimal entry and exit points. By accurately analyzing Fibonacci ratios and determining points X, A, B, C, and D, the indicator highlights Potential Reversal Zones (PRZ) on the chart. Traders can rely on the generated signals to manage their trades with greater precision.
🟣 Bullish Nen-Star Pattern
The bullish Nen-Star pattern begins with a price increase from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave.
After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price decline to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave.
Point D : Serves as the key Potential Reversal Zone (PRZ).
Entry : A buy trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price increase.
Price Targets :
61.8% retracement of the CD wave
Point A
Point C
1.272 and 1.618 extensions of the CD wave if resistance at point C is broken
Stop Loss : Placed slightly below point D.
🟣 Bearish Nen-Star Pattern
The bearish Nen-Star pattern starts with a price decrease from point X to point A, followed by a retracement to point B, which lies between 0.382 and 0.786 of the XA wave.
After this retracement, the price moves to point C, located between 1.13 and 1.414 of the AB wave. The final movement is a price increase to point D, which is between 1.272 and 2.618 of the BC wave and 1.13 to 1.272 of the XA wave.
Point D : Serves as the key Potential Reversal Zone (PRZ).
Entry : A sell trade is initiated at point D, signaling the end of the corrective movement and the beginning of a price decline.
Price Targets :
61.8% retracement of the CD wave
Point A
Point C
1.272 and 1.618 extensions of the CD wave if support at point C is broken
Stop Loss : Placed slightly above point D.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Nen-Star Harmonic Pattern is a highly effective analytical tool in global financial markets, playing a crucial role in identifying reversal points and market trend changes. By leveraging Fibonacci principles and price structure, this pattern enables precise analysis across various assets, including stocks, cryptocurrencies, forex, and commodities.
Traders operating in global markets can use this pattern to identify high risk-to-reward trading opportunities. Its clear entry and exit points, defined Potential Reversal Zones (PRZ), and accurate price targets make it an excellent tool for risk management and profitability enhancement.
In the global context, the Nen-Star pattern is widely used by professional analysts in both advanced and emerging markets due to its versatility in analyzing long-term and short-term charts. Beyond trend prediction, it enhances trading strategies and optimizes investment decisions.
Combining this pattern with complementary tools such as volume analysis, technical indicators, and macroeconomic conditions can provide traders with deeper market insights, helping them capitalize on global opportunities.
Autodraw
Auto Pivot Level Drawer [TipsChain]a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish .
Calculation
Several methods exist for calculating the pivot point (P) of a market. Most commonly, it is the arithmetic average of the high (H), low (L), and closing (C) prices of the market in the prior trading period:
P = (H + L + C) / 3.
Sometimes, the average also includes the previous period's or the current period's opening price (O):
P = (O + H + L + C) / 4.
In other cases, traders like to emphasize the closing price, P = (H + L + C + C) / 4, or the current periods opening price, P = (H + L + O + O) / 4.
Support and resistance levels
The first and most significant level of support (S1) and resistance (R1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H − P), and below it (P − L). The first resistance on the up-side of the market is given by the lower width of prior trading added to the pivot point price and the first support on the down-side is the width of the upper part of the prior trading range below the pivot point .
R1 = P + (P − L) = 2×P − L
S1 = P − (H − P) = 2×P − H
Thus, these levels may simply be calculated by subtracting the previous low (L) and high (H) price, respectively, from twice the pivot point value:
The second set of resistance (R2) and support (S2) levels are above and below, respectively, the first set. They are simply determined from the full width of the prior trading range (H − L), added to and subtracted from the pivot point , respectively:
R2 = P + (H − L)
S2 = P − (H − L)
Commonly a third set is also calculated, again representing another higher resistance level (R3) and a yet lower support level (S3). The method of the second set is continued by doubling the range added and subtracted from the pivot point:
R3 = H + 2×(P − L) = R1 + (H − L)
S3 = L − 2×(H − P) = S1 − (H − L)
This concept is sometimes, albeit rarely, extended to a fourth set in which the tripled value of the trading range is used in the calculation.
Qualitatively, the second and higher support and resistance levels are always located symmetrically around the pivot point , whereas this is not the case for the first levels, unless the pivot point happens to divide the prior trading range exactly in half.
AB=CD Pattern_ULTRA V1 [NXT2017] Autodrawing Harmonic PatternPrivate indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of AB=CD Pattern . The AB=CD Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator AB=CDPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
AB=CDPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
Furthermore, you can set a range how much bars back you want go from current bar for the automatic drawings. As default is setting 2000 bars back.
In extreme cases it is possible to change the settings to "lite" that the AB=CD Pattern represent waves only with 2 lines. This allows the indicator to detect far more AB=CD Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
5-0 Pattern ULTRA V1 [NXT2017] Autodrawing Harmonic PatternPrivate indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of 5-0 Pattern . The 5-0 Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator 5-0Pattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
5-0Pattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is possible to change the settings to "lite" that the 5-0 Pattern represent waves only with 2 lines. This allows the indicator to detect far more 5-0 Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
Crab Pattern ULTRA V1 [NXT2017] Autodrawing Harmonic PatternPrivate indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of Crab Pattern . The Crab Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator CrabPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
CrabPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is possible to change the settings to "lite" that the Crab Pattern represent waves only with 2 lines. This allows the indicator to detect far more Crab Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
NenStar Pattern ULTRA V1 [NXT2017] Autodrawing Harmonic PatternPrivate indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of NenStar Pattern . The NenStar Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator NenStarPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
NenStarPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is possible to change the settings to "lite" that the NenStar Pattern represent waves only with 2 lines. This allows the indicator to detect far more NenStar Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
Another example:
GartleyPattern_ULTRA V1 [NXT2017] Autodrawing Harmonic PatternPrivate indicator.
HI BIG PLAYERS AROUND THE WORLD,
this script allows to draw automatically lines of Gartley Pattern. The Gartley Pattern is part of Harmonic Pattern.
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator GartleyPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
NO REPAINT
As soon as the most points of the pattern are developed, the last point is a fix prediction without any repaints!
GartleyPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
Furthermore, you can set a range how much bars back you want go from current bar for the automatic drawings. As default is setting 2000 bars back.
In extreme cases it is possible to change the settings to "lite" that the Gartley Pattern represent waves only with 2 lines. This allows the indicator to detect far more Gartley Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
More Examples:
Elliott Wave - AutoCounting [NXT2017] draws the Wave 3 and 5HI BIG PLAYERS,
here's another indicator that I use pretty often.
The waves of Elliott Wave theory are automatically detected and displayed.
It makes it possible to count the Elliott waves almost always correctly and plausibly. However, the tool can only detect wave 3 as well as waves 5, A, B and C. The rest you have to draw yourself.
Sometimes the waves 3 and 5/A/B/C overlap - so I only use the view with wave 3 myself.
Kind regards
NXT2017
SharkPattern_ULTRA V1 - draws Shark Pattern inclusive alertsHI BIG PLAYERS AROUND THE WORLD,
this script allow to draw automatically lines of Shark Pattern. The Shark Pattern is part of Harmonic Pattern.
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator SharkPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
SharkPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
However, anyone can test this indicator for once without any registration in a 3 day trial. You can request access with a simple message to me.
Another trial of 7 days is included in the offer on my website - before the first payment will done.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is therefore possible to change the settings that the Shark Pattern represent waves only with 2 lines. This allows the indicator to detect far more Shark Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
BatPattern_ULTRA V1 - draws Bat Pattern inclusive alertsHI BIG PLAYERS AROUND THE WORLD,
this script allow to draw automatically lines of Bat Pattern . The Bat Pattern is part of Harmonic Pattern .
Parallel to the automatic drawing, the indicator can give signals as soon as the typically Fibonacci extension immediately reached or has been reached. This allows the indicator BatPattern_ULTRA V1 to give early signals. In the default settings, the signals are displayed with a blue background on the chart.
BatPattern_ULTRA V1 is offered for sale. More information can be found below in the signature.
However, anyone can test this indicator for once without any registration in a 3 day trial. You can request access with a simple message to me.
Another trial of 7 days is included in the offer on my website - before the first payment will done.
In the settings it is possible to change the degree of details. This is sometimes necessary because TradingView limited only 55 lines per indicator in Pinescript Version 4.
In extreme cases it is therefore possible to change the settings that the Bat Pattern represent waves only with 2 lines. This allows the indicator to detect far more Bat Pattern on the same chart.
For more great indicators everyone is invited to follow me on TradingView.
Kind regards
NXT2017
B3 AutoEdgeBreak FibonacciHere is the lazy person's Fibonacci retracement drawing machine. Keep the bars in range pretty big, but you can play around and see what it does. If too small, it gets in your way, and If oversized, your retracements will not properly work upward and downward according to action. So, if you notice that it's always retracing the same direction, then lower the first input.
Now on top of the coding being tricky because of massive history in T-view, trading the Fibs is not an easy task either. Experienced Fib traders will probably love my script, and those that are not good at Fibs will love the historical look of it, but feel helpless in real-time. It took me years to learn a reaction pattern to the Fib lines, and the one key piece of my memory: if a price-line test comes and fails in relation to your trade, get out!!! <- Not real advice, just experience talking.
I expect to be upgrading this particular script in the future. Enjoy!
