Dragon Harmonic Pattern Indicator to TradingView – Free [TFlab]

The Dragon Harmonic Pattern Indicator is a specialized tool based on the XABCD harmonic structure and Fibonacci ratios. Designed for TradingView, it effectively identifies bullish and bearish reversal zones, helping traders detect market turning points across multiple asset classes.

You can access the Indicator from this link:

https://tradingfinder.com/products/i...monic-pattern/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/A...agon-Detector/

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Dragon Harmonic Pattern Indicator on TradingView
This harmonic indicator automatically plots the Dragon pattern on TradingView charts. Upon the pattern’s completion, the color of point “D” changes, signaling a Potential Reversal Zone (PRZ). Traders can use this tool across various markets including Forex, cryptocurrencies, commodities, and stocks.

Key Features of the Dragon Harmonic Pattern Indicator

1. Platform: TradingView

1. Skill Level: Intermediate

1. Pattern Type: Harmonic Reversal Indicator

1. Market Compatibility: Forex, Crypto, Stocks

1. Timeframes Supported: Multi-Timeframe

1. Trading Style: Intraday Trading

This indicator is categorized under:

1. Harmonic TradingView Indicators

1. Signal & Forecast TradingView Indicators

1. Chart & Classic Pattern TradingView Indicators

Bullish Dragon Pattern Formation
In the bullish setup, as illustrated on the 1-hour USD/AUD chart, the Dragon Harmonic Pattern Indicator draws the structure and marks point “D” as the buy entry signal. After the formation is complete, price typically reverses to the upside, confirming the reliability of the PRZ.

Bearish Dragon Pattern Formation
In a bearish scenario, such as the 1-hour chart of Ethereum (ETH), the indicator outlines an "M"-shaped Dragon pattern. Upon reaching point “D,” the price reverses, offering a sell entry opportunity. This allows traders to capitalize on early trend changes.

Indicator Settings and Configuration Options
The Dragon Harmonic Pattern Indicator provides a comprehensive settings panel to customize its behavior and display. The configurations include:

Logical Settings

1. ZigZag Pivot Period – Defines the pivot calculation window

1. Show Valid Format – Filters for valid harmonic formations

1. Confirm Last Pivot – Displays pattern only when “D” point is verified

1. Last Pivot Period – Sets the calculation period for point “D”

Display Settings

1. Enable Bullish/Bearish Patterns – Toggle for displaying either pattern type

1. Color Customization – Choose line colors for bullish and bearish patterns

1. Line Width and Label Size – Adjust thickness and text size

1. Theme Mode – Switch between light/dark display modes

Alert Settings

1. Enable Alerts – Set notifications for pattern completion

1. Custom Alert Names – Assign unique names for each alert

1. Message Frequency & Time Zone – Manage alert timing and frequency

Conclusion
The Dragon Harmonic Pattern Indicator provides a systematic approach to forecasting trend reversals through the combination of Fibonacci levels and harmonic pattern structures. It enhances technical analysis by marking accurate PRZ zones and offering alerts to support timely decision-making.
With extensive customization options for display and logic, this tool is ideal for traders aiming to spot bullish and bearish reversals efficiently. Whether you're trading forex, crypto, or stocks, the Dragon Harmonic Pattern Indicator delivers precision and flexibility for smarter trades.