Harmonic Pattern Scanner is the automated Pattern Scanner to detect various harmonic patterns used in Forex market. Before understanding Harmonic Pattern Scanner, you need to understand what is the Harmonic Pattern first. Loosely speaking, Harmonic Pattern is the kind of chart pattern. The structures of the harmonic pattern are based on the Fibonacci ratios. Hence, some people consider Harmonic pattern as an advanced Fibonacci price patterns. Harmonic patterns include Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on. Harmonic Pattern Trading is not bullet proof but if it is used wisely, then it can yield enough edge to pull the profits from the market. Harmonic Pattern scanner refers to the automated tool to scan Harmonic Pattern in your chart automatically.
MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is accessible for free of charge for any trader from all over the world. More and more brokers are now offering MetaTrader 5 trading options even including US based firms. We provide a range of powerful Harmonic Pattern Scanner particularly designed for MetaTrader 5 platform. Below is the list of Harmonic Pattern Scanner. For your information, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner is repainting. X3 Chart Pattern Scanner is non repainting.
1. Harmonic Pattern Plus MT5
Harmonic Pattern Plus is one of the first automated Harmonic Pattern scanner released in 2014. Harmonic Pattern Plus can scan 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Zone, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.
Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Scanner. On top of the features of Harmonic Pattern Plus, Harmonic Pattern Scenario Planner can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern scanner designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern scanner is loved by many traders.
X3 Chart Pattern Scanner is the next generation Harmonic Pattern Scanner. X3 Chart Pattern Scanner is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Price Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading. This is the most advanced Harmonic and Elliott wave pattern scanner in the market. You must try.
At the same time, below article can help you further explaining type of Harmonic Pattern Scanner and you must understand how these four type of harmonic pattern scanner are different from each other. You need to find the best one to suit for your trading.