Geometrics [MS]

Geometrics is a simple to use script designed to identify popular, well-tested harmonic / XABCD patterns that signal potential price reversals across any timeframe and asset. It automatically measures patterns and displays them on the chart, complete with Potential Reversal Zones (PRZ) and two Take Profit levels. Save time, and potential mistakes, from measuring on your own.


Usage:
When you add Geometrics to a chart, it begins scanning for both in-progress and historical patterns. Bullish patterns are indicated in green, and bearish patterns in red.
Patterns change from dashed lines to solid lines to denote completion and signal potential price reversal zones (PRZs).
The PRZ is highlighted between the last leg of the pattern and its label, with the triangle’s point marking the start and the label marking the end of the zone.
Two measured Take Profit levels are provided as horizontal lines to guide exits during active patterns.
To scan various pattern sizes simultaneously, apply multiple instances of the script with different Size settings.


Settings:
Size - Adjusts the scale of patterns to be detected.
Show P4 - Toggles the visibility of the P4 pattern to avoid clutter if desired.


How It Works:
Geometrics scans chart pivots for specific popular Fibonacci retracement patterns, known for indicating possible price reversals.
Patterns are identified by their five points, commonly labeled XABCD, and the retracements between them.
Fibonacci retracements are based on the "golden ratio" and other powerful ratios that are found in nature, art, and even financial markets.
The PRZ is calculated for each pattern based on the measurements of its legs, alongside Take Profit levels derived from more Fibonacci retracement ratios.
These harmonic patterns are typically named after the first decimal of the XAD retracment - for instance, P8 for a 0.886 retracement and P7 for a 0.786 retracement.