Harmonic Pattern Detection is the process to scan harmonic patterns in historical data using an mathematical algorithm, commonly used in the techncal analysis for Forex and Stock trading. Harmonic Pattern Detection Indicator refers to the tool to scan harmonic patterns in your chart automatically. Before going on to Harmonic Pattern Indicator or Harmonic Pattern Detection Indicator, you need to understand what is the Harmonic Pattern trading first. Harmonic Pattern trading is a way to trade using the strategy of price action and price pattern in Forex and Stock market. To use the Harmonic Pattern Trading, first you need to understand what is the Harmonic Pattern. Loosely speaking, Harmonic Pattern is the kind of chart pattern. Technically speaking, Harmonic patterns are another fractal wave patterns that frequently used by many financial traders. Harmonic patterns are typically made up from two or three triangles (i.e. three price swings or four price swings). 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 Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator in the market. Harmonic Pattern Scenario Planner can detect many harmonic patterns at the price revesal like Gartley Pattern, Butterfly Pattern, Bat pattern and so on. At the same time, you can forsee future harmonic patterns in the price range by just one button click. You can make precision buy and sell entry with the detected harmonic patterns. You can find this Harmonic Pattern Scenario Planner for both MetaTrader 4 and MetaTrader 5, which is the most popular trading platform for Forex and Futures.
If you want to avoid any complex feature, then Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus by changing its input. Hence, it is easy and friendly to use. At the same time, if you do not mind more advanced features, then Harmonic Pattern Scenario Planner combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability. This feature is the most unique feature provided from Harmonic Pattern Scenario Planner. Monte Carlo Simulation can help you to find future reversal points in advance.
For your information, we provide two YouTube videos with title and links below. Although these two videos are not created using the Harmonic Pattern Scenario Planner, you can watch the YouTube Video to feel what is the automated harmonic pattern detection indicator like.
Here is the product link to Harmonic Pattern Scenario Planner, the advanced Harmonic Pattern Detection Indictor. You can find more about the features of this advanced Harmonic Pattern Detection Indicator from the landing page below.