The indicator 5-0 Harmonic pattern ULTRA V1 shows the well-known 5-0 formation of the harmonic patterns and thus offers good signals for a trend reversal.
In order to use this indicator after purchase, an unblocked user account on TradingView* is required. Within 24 hours after payment, the indicator will be activated for the ordered period for the TradingView username, entered in the order process.
The indicator 5-0 Harmonic pattern ULTRA V1 in action:
The horizontal dashed line represents the possible bounce point. You can also get signals as soon as the conditions of the indicator are met. These signals can be recognized again in the image with the blue background.
When drawing the pattern, sometimes the problem arises that too many lines are drawn. The reason for this is the TradingView platform itself. To prevent TradingView servers from collapsing, a maximum of 50-55 lines/labels per indicator is allowed.
To work around this problem, the indicator offers two options in the settings. The settings of the indicator can be opened in the upper left corner behind the indicator name:
After clicking on the second symbol, the input mask appears. In it, the patterns can be individually designed.