ABCD Pattern Entries from Fractal Swings with Trailing Exits

Summary

This TradingView strategy identifies potential ABCD chart patterns from a sequence of fractal swing highs and lows. It calculates retracement and extension ratios for the legs, accepting an intermediate retracement from 0.382 to 0.886 and a final leg ratio from 1.13 to 2.618. The direction of the final swing determines whether a bullish or bearish signal is marked. A Bill Williams fractal option is available alongside the regular fractal definition.

The supplied excerpt shows signal plotting and records entry prices, while the title advertises trailing stop and take profit. However, the excerpt ends before any order placement or exit rules appear, so those mechanics cannot be assessed. It also provides no performance results or validation. The code uses lookahead-on settings within its pattern function, which may affect signal timing and historical interpretation; the document does not explain how this is handled.

Key ideas

• The strategy builds a zigzag sequence from detected fractal highs and lows.
• It identifies ABCD setups using ranges for the retracement and final-leg ratios.
• The final swing’s direction distinguishes bullish from bearish pattern signals.
• The excerpt does not show the advertised trailing stop, take profit, or complete trade execution rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.