Young Ho Seo / Profil

Scan Supply Demand Zone Across All Timeframe

In Ace Supply Demand Zone indicator, you can scan the supply and demand zone across all timeframe for your Forex trading. This is a powerful feature included in Ace Supply Demand Zone indicator. Controlling the Multiple Timeframe scanning is similar to our other MetaTrader products like Harmonic Pattern Plus or X3 Chart Pattern Scanner. You can control them from the inputs under the Multiple Timeframe Scanning. With the inputs, you can enable or disable multiple timeframe scanning. You can also choose to switch on or off specific timeframe from your dashboard. In addition, you can also control how frequently the indicator should scan. The default value for update frequency is M5 timeframe. However, you can use M1 for update frequency if you need to scan them more frequently.

If you enabled email or push notification in the inputs under General Setting, then you can also receive the alert for the detected supply and demand zone as well as the touched supply and demand zone. The thing you need to understand about multiple timeframe scanning is that it requires multiple computation too per each timeframe. The computation can be heavier up to 7 times or more when you enabled M1 to D1 timeframes. Hence, due to data loading issues, the calculation might be stuck sometimes. In that case, just click Show button to refresh all the calculation. Of course, it is possible to switch off the multiple timeframe scanning if you only want to trade one timeframe.

Ace Supply Demand Zone in MetaTrader 4 and MetaTrader 5

In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. Hence, you can watch this YouTube Video to learn the basic operation with the supply demand zone indicator.

YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo

Landing page for Ace Supply Demand Zone.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

Harmonic Pattern – Predict Turning Point

Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy. If you are harmonic pattern trader, then you must read this article.

https://algotrading-investment.com/2019/07/07/patterns-are-the-good-predictor-of-market-turning-point/

In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

=============================

Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each harmonic pattern indicator.

Harmonic Pattern Plus

One of the first automated Harmonic Pattern detection tool released in 2014. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, 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. Please note that this is repainting and non lagging harmonic pattern trading system.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Harmonic Pattern Scenario planner

It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.

https://www.mql5.com/en/market/product/6240

https://www.mql5.com/en/market/product/6101

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Just check the X3 Chart Pattern Scanner below.

Link to X3 Chart Pattern Scanner

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Elliott Wave Indicator YouTube Video

Elliott Wave could be complex trading solution in its original form. For example, identifying motive wave and corrective wave in chart can be hard in general. However, it can be simplified with Pattern and Template approach typically used in Artificial intelligence and data mining approach. Based on this idea, we have created a powerful Elliott Wave indicator.

This YouTube video can help you to understand how Elliott Wave indicator can help you with your trading with the implemented Pattern and Template Approach. Check out the video link below.

YouTube Video: https://www.youtube.com/watch?v=Oftml-JKyKM

Here is an article you can read in addition to the YouTube video.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16472

https://www.mql5.com/en/market/product/16479

Advanced Harmonic Pattern Detection Indicator

Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator in the market. It 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 indicator 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. Hence, it is easy and friendly to use. At the same time, if you do not mind more advanced features, then it 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 indicator like.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

Here is the product link to Harmonic Pattern Scenario Planner. You can find more about the features of this advanced Harmonic Pattern Detection Indicator from the landing page below.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Great Technical Indicators for Price Action

Here is the list of great technical indicators for Price Action Trading. Both MetaTrader 4 and MetaTrader 5 versions are available.

1. Chart Pattern MT

Detecting price patterns like Triangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder, Cup and Handle or Cup with Handle, Reverse of Cup and Handle or Cup with Handle. What is even better, this is non repainting indicator, which means great for your trading. Plus this indicator can detect 52 Japanese candlestick patterns.

https://www.mql5.com/en/market/product/24679

https://www.mql5.com/en/market/product/84568

https://algotrading-investment.com/portfolio-item/chart-pattern/

2. Ace Supply Demand Zone indicator

Ace Supply Demand Zone indicator is a great indicator to extend support and resistance concept into supply and demand zone. This is powerful and great as it uses non repainting and non lagging algorithm.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

3. Mean Reversion Supply Demand

Mean Reversion Supply Demand is another affordable supply and demand zone trading system but with a lot of rich features. For your information, both ace supply demand zone and mean reversion supply demand use a complete different algorithm.

https://www.mql5.com/en/market/product/16823

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

4. Price Breakout Pattern Scanner

Price Breakout Pattern Scanner can also detect price patterns like riangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder. In addition, you can use the power of smart renko together.

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Price Patterns to Identify the Potential Turning Point and Trend

To understand the technical turning point, it is important to check its connection with economics. For example, in Stock market trading, the underlying value of a company can explain the occurrence of the major turning point in the market. Likewise, in the foreign exchange market, the strength and weakness of a currency is often influenced by the fundamental value of a country. The fundamental and economic data release can cause to change the direction of the current price movement. As a result, they often become the major driving force behind the bullish and bearish turning point. Hence, to understand why an important turning point occurs in the financial market, we recommend you to look at following three cases.

Turning point in the Stock market with “Value investing”
Turning point in the Forex market with “Fundamental analysis”
Pairs Trading with turning point
When you understand the driving force of the turning point in connection with economics, it helps you to follow the flow of the smart money from the investment banks and hedge funds. Besides, the price pattern can also help you to predict the turning point technically. When you apply the price pattern together with the knowledge of the fundamental driving force of the turning point, you can increase your performance marginally. Therefore, it is important to understand the price patterns used by the trading community last 100 years. We list the important price patterns for your technical analysis below.

Horizontal support and resistance
Diagonal support and resistance (i.e. trend lines)
Triangles and wedge patterns
Fibonacci analysis
Harmonic pattern
Elliott wave theory
X3 Chart Pattern
To apply these price patterns better in practice, we must understand the origin of these price patterns with the scientific view. Fractal and fractal wave can explain the scientific rational behind these price patterns. Hence, we will look at how these price patterns are connected with “Fractal” and “Fractal Wave”. The scientific knowledge around these price patterns will help you to understand the flow of the financial market as said by Mark Twain “History Doesn’t Repeat, But It Often Rhymes”. In addition, you will find out that “Fractal” and “Fractal Wave” is the powerful tool to overcome the limitation of the modern trend and cycle analysis. The price patterns are in fact the practical application of “Fractal” and “Fractal Wave” in the financial market. Furthermore, we will provide the universal pattern framework to help you understand these price patterns with one unified knowledge. Therefore, we will make use of the X3 Pattern Framework while educating these price patterns.



About this Article

This article is the part taken from the draft version of the Book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern. Full version of the book can be found from the link below:

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

With Fractal Pattern Scanner, you can quantify your trading opportunity with the support and resistance whether they are diagonal or horizontal. Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Below is the landing page for Optimum Chart, which is the standalone tool to scan the trading opportunities for all symbols and all timeframe in one button click.

https://algotrading-investment.com/2019/07/23/optimum-chart/

Price Patterns to Identify the Potential Turning Point and Trend

To understand the technical turning point, it is important to check its connection with economics. For example, in Stock market trading, the underlying value of a company can explain the occurrence of the major turning point in the market. Likewise, in the foreign exchange market, the strength and weakness of a currency is often influenced by the fundamental value of a country. The fundamental and economic data release can cause to change the direction of the current price movement. As a result, they often become the major driving force behind the bullish and bearish turning point. Hence, to understand why an important turning point occurs in the financial market, we recommend you to look at following three cases.

Turning point in the Stock market with “Value investing”
Turning point in the Forex market with “Fundamental analysis”
Pairs Trading with turning point
When you understand the driving force of the turning point in connection with economics, it helps you to follow the flow of the smart money from the investment banks and hedge funds. Besides, the price pattern can also help you to predict the turning point technically. When you apply the price pattern together with the knowledge of the fundamental driving force of the turning point, you can increase your performance marginally. Therefore, it is important to understand the price patterns used by the trading community last 100 years. We list the important price patterns for your technical analysis below.

Horizontal support and resistance
Diagonal support and resistance (i.e. trend lines)
Triangles and wedge patterns
Fibonacci analysis
Harmonic pattern
Elliott wave theory
X3 Chart Pattern
To apply these price patterns better in practice, we must understand the origin of these price patterns with the scientific view. Fractal and fractal wave can explain the scientific rational behind these price patterns. Hence, we will look at how these price patterns are connected with “Fractal” and “Fractal Wave”. The scientific knowledge around these price patterns will help you to understand the flow of the financial market as said by Mark Twain “History Doesn’t Repeat, But It Often Rhymes”. In addition, you will find out that “Fractal” and “Fractal Wave” is the powerful tool to overcome the limitation of the modern trend and cycle analysis. The price patterns are in fact the practical application of “Fractal” and “Fractal Wave” in the financial market. Furthermore, we will provide the universal pattern framework to help you understand these price patterns with one unified knowledge. Therefore, we will make use of the X3 Pattern Framework while educating these price patterns.



About this Article

This article is the part taken from the draft version of the Book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern. Full version of the book can be found from the link below:

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

With Fractal Pattern Scanner, you can quantify your trading opportunity with the support and resistance whether they are diagonal or horizontal. Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Below is the landing page for Optimum Chart, which is the standalone tool to scan the trading opportunities for all symbols and all timeframe in one button click.

https://algotrading-investment.com/2019/07/23/optimum-chart/

Harmonic Pattern Indicator List for MetaTrader 4

Harmonic Pattern Indicator provide a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic harmonic pattern detection for your trading ?

We provide the list of Harmonic Pattern Indicator for your MetaTrader 4 platform. These harmonic pattern indicators are not only detecting harmonic pattern but they also provide the addtional features to help you to win in your trading.

1. Harmonic Pattern Plus for MetaTrader 4

Harmonic Pattern Plus is the harmonic pattern scanner. It can detect harmonic patterns with predefined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, automatic channel, etc.

https://www.mql5.com/en/market/product/4488

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. X3 Chart Pattern Scanner for MetaTrader 4

X3 Chart Pattern Scanner is non repainting and non lagging pattern scanner for Harmonic Pattern, Elliott Wave pattern and X3 patterns. It is the most advanced but user friendly harmonic pattern indicator. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns + advanced Channel features. This is the most advanced Harmonic and Elliott wave scanner in the market. You must try.

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

3. Harmonic Pattern Scenario Planner for MetaTrader 4

With additional features of predicting future harmonic patterns, this is the tactical harmonic pattern indicator with advanced simulation capability on top of many powerful features of harmonic pattern plus. Try it then you will know its power.

https://www.mql5.com/en/market/product/6240

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

Gartley Pattern – Harmonic Pattern

This page provides the useful information for Gartley Pattern used in Forex and Stock market. Gartley Pattern is the Harmonic Pattern used by technical analyst. We uses non repainting and non lagging chart pattern detection algorithm. In addition, the pattern detection algorithm is synchrozined between history and live trading. Hence, this study will show both failed and successful pattern to provide the unbiased results, which is close to the real performance. Typically, a repainting indicator will show the successful pattern only making it hard to check the real performance of the chart pattern. Hence, you can not check the real performance of the chart pattern using the repainting indicator. With our pattern detection algorithm, you can trade what you see. That can be done by only one button click to scan entire possible patterns across all symbols.

If you want to become a profitable trader, you should study the strategy in the scientific manner. It basically involves checking the repeatability or reproducibility. We provide this study to enhance your forex and stock trading with the chart patterns. The testing results provide some scientific value for the Fibonacci pattern, Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too.

We used the Optimum Chart to test this pattern. You can also use X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 to get similar results. However, the user interface between MetaTrader version and Optimum Chart version is different. X3 Chart Pattern Scanner in MetaTrader can scan multiple timeframes of one symbol for one indicator attachment whereas the X3 Chart Pattern Scanner in Optimum Chart can scan all symbols + all timeframe for one indicator attachment. Anyway, both version use the same pattern detection algorithm. Hence, both versions are equally powerful.

The Gartley Pattern in this study has the following Structure.

N: 3, C0: 0.618 to T0: 3
R0: 1.272, R1: 0.382 -0.886, R2: 0.618
Testing results were saved as the screenshots. The screenshots were taken when these ratios are met purely. No other indicator or confirmation were used to allow the fair comparison to other price patterns. For example, to compare the accuracy of Gartley Pattern to Butterfly Pattern, or to compare the accuracy of Harmonic pattern to Elliott Wave pattern, or to compare the accuracy of Harmonic pattern to X3 Chart pattern, etc. Remember the purpose of this work is to provide the most accurate price pattern to trade. Finding the most profitable chart pattern can be done only by comparing apple to apple meaning that each pattern should be compared under the same condition.

In practice, the trader never use the chart pattern alone to trade. Here are some points to watch out when you trade with the chart patterns.

Price movement around the Pattern Completion Zone (= Trading Zone) in the chart pattern
Risk management around the Trading Zone. Look for the trading entry, where at least, Reward > Risk x 2
Possibility for breakout trading around the trading zone (=use them as support and resistance)
Look for continuation pattern vs reversal pattern
We recommend these books to find out how to increase the success rate when you trade with these chart patterns.

Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)
Here is the PDF document presenting Gartley Pattern In Forex Market.

https://algotrading-investment.com/manual/pricepattern/Gartley%20Pattern%20in%20Forex.pdf

Here is the PDF document presenting Gartley Pattern in Stock Market.

https://algotrading-investment.com/manual/pricepattern/Gartley%20Pattern%20in%20Stock%20Market.pdf

Here is the YouTube Video for Gartly Pattern in Forex Market.

https://youtu.be/J3vjlHatUTI

Here is the YouTube Video for Gartley Pattern in Stock Market.

https://youtu.be/JSqwX2XSMNg

Gartley Pattern Detection was performed using the Robo Advisor built inside Optimum Chart.

https://algotrading-investment.com/2019/07/23/optimum-chart/

You can also check the similar results using the X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform (Non repainting and non lagging algorithm).

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Harmonic Pattern Plus is the repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

Harmonic Pattern Scenario Planner is the advanced repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Elliott Wave Indicator for Objective Elliott Wave Trading

Elliott Wave is popular Trading strategy in the trading world. The Elliott Wave Theory was originally developed by Ralph Nelson Elliott. It was populated by Robert Prechter.

In the original Elliott Wave Theory, Ralph Nelson Elliott left three Wave rules in counting Elliott Wave. A correct Elliott Wave counting must observe three rules:

Wave 2 never retraces more than 100% of wave 1.
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
These three rules are the very general statement about the movement of the financial market. There are a lot of subjectivity when we apply these original rules in trading. Hence, we do not recommend you to trade with these general rules.

In practice, we need more specific and objective rules instead of above general rules. Yes, we will follow the general rules but we will measure the accuracy of Wave Pattern Structure to eliminate bad Elliott Wave patterns in trading.

Elliott Wave Trend is the first indicator that provides the objective measurement around the Elliott Wave pattern structure. Wave structural score will guide you to trade with more accurate and defined Elliott Wave pattern structure. Two Wave structural scores we are using are:

1) Impulse Wave Structure Score (IWS Score) – measure the accuracy of Impulsive Elliott Wave in percents. For example, IWS Score can be used to detect Elliott Wave 123, Elliott Wave 1234 or Elliott Wave 12345 patterns.

2) Corrective Wave Structure Score (CWS Score) – measure the accuracy of Corrective Elliott Wave in percents. For example, CWS Score can be used to detect Corrective Wave ABC patterns.

With these two Wave Structure Score, you can identify the correct Elliott wave patterns from many candidate Wave patterns.

Of course, in Elliott Wave Trend, these two Wave Score will be automatically calculated and presented for your trading. In addition, Elliott Wave Trend presents you candidate Wave patterns automatically so that you do not have to spend time on drawing these patterns manually.

In the screenshot below, we shows the Elliott Wave 12345 pattern with IWS Score of 89.9% (IWS Score > CWS Score). With this high Wave Structure score for Elliott Wave 12345 pattern, you have a high chance to spot the market turning point correctly.

Elliott Wave Trend is the Advanced Elliott Wave Indicator for your trading. Stay with Objective Elliott Wave Trading for the best possible trading performance.

Here are the links for Elliott Wave Trend.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16479

https://www.mql5.com/en/market/product/16472