newdigital

Originally Posted by matfx

In ZUP_v148 whenever there are a new patterns, we can see a red vertical lines and some information. Here are the explanation by Nen (Onix Forum) what is for, with picture, translate in English :

Let us build a pattern Butterfly.
Distinguish on the chart last four extreme.
We denote them as potential future point XABC pattern.



Apply for these four points retracement levels XD possible future pattern.



Apply retracement levels as BD for this pattern.



Scott Carney writes that must match retracement levels XD and BD.
Alternatively, these levels should be as close as possible.
But he also considers it important that the values ​​of levels AB = CD or Alternate AB = CD also as close as possible or coincide with retracement levels XD and BD.

Impose the levels of AB = CD and Alternate AB = CD



Please consider construction data simply as a possible explanation of the construction of the pattern, but do not assume that because really will.
These constructions are needed only for "educational purposes." But not for future trade.

And now analyze the origin of patterns Gartley.
As reported by Scott Carney in describing patterns Gartley, a 1935 book by Harold Hartley (on page 222) describes the picture and given a pattern that was the starting point of creating patterns. A Fibonacci ratios for the first pattern - pattern Gartley - invented by Scott Carney. And for the first building of this pattern was implemented in the program Scott Carney - Harmonic trader. And then everyone else has already poured patterns.

In fact, Scott Carney created his original build system fib clusters. That is, he proposed a method to identify possible turning points by means of patterns. In this case, a possible reversal point D pattern must occur fib cluster - cluster of certain values ​​Fibo levels.


Next picture is about:



In this picture, you can identify the exact levels for the potential of the point D precise pattern.
When constructing diffuse pattern around the totality of levels shown will be located in the development zone of point D, or, equivalently, in a potential reversal zone.

Using fib clusters, but built a little differently, offer and Robert Fisher, Jim Cain ...

Further questions about this function have to ask Nen or Poruchik from Onix forum FAQ because they are the main developers of ZUP indicator.

• ZUP_v133 indicator is on this post.
• ZigZag_nen indicator is here.
• ZUP_v115 with default settings for Andrews Pitchfork is on this post
• ZUP_v125 with default settings for searching the patterns is on this post
• ZUP_v135 PP3 with 37 patterns to be searched is on this post.
• ZUP_v135 Shark Attack indicator is on this post.
• ZUP_v135 Easy C Snorm 4 indicator is on this post
• ZUP_v138 indicators are on this post.
• ZUP_v139 indicators are on this post.
• ZUP_v140 indicators are here
• ZUP_v141 indicators are here
• ZUP_v142 indicators are on this post to download (bug fixed version)
• ZUP_v143 indicators are on this post.
• ZUP_v144 indicators are on this post.
• ZUP_v145 indicators are on this post. Template for this indicator is on this post.
• ZUP_v146 indicators (source code) are on this post.
• ZUP_v148 indicators are on this post. This version works with Metatrader 4 build 625 and above.

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FAQ about ZUP indicators
- FAQ about all ZUP indicators is on this post. This is the instruction in Russian language.
- translation for ZUP 101 input parameters. It is a basic input of ZUP - this post.
- the setting of ZigZag, as Nen explained in Onix forum, translated in English - this post.