Indicator

Harmonic Pattern Indicator

Harmnic Pattern Plus is a Harmonic Pattern Indicator to detect Harmonic Patterns like Gartley, Butterfly, Bat, Crab, Cypher, 5-0 in Forex and Stock market. Harmonic Patterns are best used to predict potential turning point. Hence, Harmonic Patterns are the sub patterns of turning point patterns. Traditionally, Harmonic Pattern was identified manually connecting extreme points in charts. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality of Harmonic Pattern plus is beyond manual pattern detection and textbook approach. Harmonic Pattern Plus provides many harmonic patterns we have tested in our research. In addition, you can use the three important trading elements including Pattern Completion Interval (PCI), Potential Reversal Zone (PRZ), and Potential Continuation Zone (PCZ) to improve accuracy of your trading. You will experience amazing performance using our Harmonic Pattern Plus for your trading.

Harmonic Pattern Features

11 Harmonic Patterns can be detected automatically
Potential Reversal Zone (PRZ) detection for Point D identification
Potential Continuation Zone (PCZ) detection for future price movement prediction
Pattern Completion Interval (PCI) detection for precision trading
Historical pattern forward and backward reply function to create new trading strategy
Pattern locking and unlocking feature to prevent repainting of patterns
52 different bullish and bearish Candlestick pattern recognition feature
Automatic drawing of Linear Regression Channel
Support Email, Sound alerts or Push Notification

Harmonic Pattern Recognition

Butterfly
Gartley
Bat
Alternate Bat
AB=CD
Shark
Crab
Deep Crab
Cypher
5-0 Patterns
3 Drives Pattern
Automatic drawing of Linear regression channel
Candlestick patterns: detect 52 different bearish and bullish candlestick patterns. The candlestick patterns include hanging man, shooting star, engulfing, doji, harami, kicking, etc. Our Candlestick Pattern detection algorithm uses purely price action only.

Harmonic Pattern Setting

Default setting will work most of time. If you want to change how the indicator looks in your chart, you can certainly change them from input setting. All the input settings are self-explanatory. The simple description is given on left hand side columns and you need to change value on your right hand side columns.

Recommended Usage

You can also apply it to any currency pairs or future contracts tradable if your broker provides them in your MetaTrader terminal.

You can use several different trading setups including:

Trade on Harmonic Pattern by confirming other technical indicators like RSI, Stoch, etc
Trade with Bollinger bands
Trade between Potential Continuation Zones
Trade on Harmonic Pattern by combining other support and resistance levels like Mean Reversion Supply Demand
Trade with our Price Breakout Pattern Scanner
Trade with our Elliott Wave Trend

Harmonic Pattern Book

For the detailed guide in Harmonic Pattern trading, you can have a look at the Young’s Mutual Pattern Turning Point Strategy in the book:

Guide to Precision Harmonic Pattern Trading: Mastering Turning Point Strategy for Financial Trading (Reference to Harmonic Pattern Trading)
Scientific Guide To Price Action and Pattern Trading: Wisdom of Trend, Cycle, and Fractal Wave (Reference to Price Action and Pattern Trading).

Important Note

This product is the off the shelf product in the store. Therefore, we do not take any personal modification or personal customization request. For our products, we do not provide any code library or any support for your coding. All Harmonic Pattern Indicator and Scanner are repainting. It does not matter which company’s product or which price product you bought from. They will all repaint due to technological limitation. If you prefer non repainting Harmonic Pattern and Elliott Wave pattern indicator, then please use X3 Chart Pattern Scanner. X3 Chart Pattern Scanner is only one non repainting and non lagging harmonic pattern indicator + fully synchronized with historical testing in the world.