Young Ho Seo / Profil

Volatility Indicator for Day Trading

Volatility indicator can help you to detect any statistical advantage for your day trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend using the Volatility indicator together with your strategy. Without the volatility indicator, you can make small and big mistakes often. We provide the advanced volatility indicators for MetaTrader 4 and MetaTrader 5 platform.

Fibonacci Volatility Indicator

Fibonacci Volatility indicator can provide the market volatility in visual form in your chart for your trading. You can use Daily, Weekly, Monthly and Yearly Volatility for your trading. The most important application of this Volatility indicator is to detect the potential breakout area, potential bullish reversal area and potential bearish reversal area. When you want to visualize the Volatility for your trading, this is the best tool available in the market. Additionally, you can also use the Movable Volatility indicator and you can set the alert at low and high volatile area in your chart.

https://www.mql5.com/en/market/product/52671

https://www.mql5.com/en/market/product/52670

https://algotrading-investment.com/portfolio-item/fibonacci-volatility-indicator/

Harmonic Volatility Indicator

Harmonic Volatility indicator also provides the market volatility in visual form in your chart for your trading. This tool can be used to visualize the Daily, Weekly, Monthly and Yearly Volatility. The difference between Harmonic Volatility indicator and Fibonacci Volatility indicator is that you can only use Probability Configuration mode in the Harmonic Volatility indicator whereas in the Fibonacci Volatility indicator you can access both Probability Configuration and Z Score configuration. This is cheaper than Fibonacci Volatility indicator. Hence, this is the light version of the Fibonacci Volatility indicator.

https://www.mql5.com/en/market/product/29008

https://www.mql5.com/en/market/product/29004

https://algotrading-investment.com/portfolio-item/harmonic-volatility-indicator/

Double Harmonic Volatility Indicator

This is the cheapest Volatility indicator. This indicator is specialized in the Movable Volatility indicator mostly. Hence, if you only need the Movable Volatility indicator and you want to have more cost effective tool, then use this. However, if you want to have more choice in the Volatility visualization, then use either Harmonic Volatility indicator or Fibonacci Volatility indicator.

https://www.mql5.com/en/market/product/23779

https://www.mql5.com/en/market/product/23769

https://algotrading-investment.com/portfolio-item/double-harmonic-volatility-indicator/

GARCH improved Nelder Mead – Free indicator

This is free Volatility indicator that implements the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) methods with Nelder Mead algorithm. This is bit of experimental indicator to realize the GARCH (1,1) model. Hence, we provide this indicator for free. It would be interesting to see how this Volatility indicator works for your trading.

https://www.mql5.com/en/market/product/6918

https://www.mql5.com/en/market/product/6910

https://algotrading-investment.com/portfolio-item/garch-improved-nelder-mead/

In addition, you can watch this YouTube video titled as “Volatility Indicator for Day Trading” to feel what the Volatility indicator looks like in MetaTrader 4 and MetaTrader 5 platform.

YouTube Video “Volatility Indicator for Day Trading” : https://youtu.be/erWhucDT_6M

Harmonic Pattern Indicator with Japanese Candlestick Pattern

Apparently Japanese Candlestick patterns are popular and helpful tools to trader to predict the market direction. It is possible to use Japanese Candlestick patterns in your Harmonic Pattern Trading. These Japanese candlestick patterns include “Hammer”, “Doji Star”, “Harami”, “Inverted Hammer”, “Break away” and so on.

Here is some short article on how to use Japanese candlestick pattern with Harmonic Pattern Plus. This article meant to be quick guideline on enabling Japanese Candlestick pattern together with Harmonic Pattern. In addition, you can use the Japanese Candlestick Patterns from X3 Chart Pattern Scanner too.

https://algotrading-investment.com/2019/04/19/using-japanese-candlestick-patterns-with-harmonic-pattern-plus/

Link to Harmonic Pattern Plus

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/

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/

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/

New Article Released -Turning Point, Peak, Trough, Swing High, Swing Low, and ZigZag

We have released an important article for your practical financial trading. Please make sure to read this article to enhance your trading performance. This article explains the important terminology for your trading like Turning point, peak, trough, swing high, swing low and zigzag.

More articles will be followed shortly. Then enjoy this free articles for your trading education.

https://algotrading-investment.com/2020/04/06/turning-point-peak-trough-swing-high-swing-low-and-zigzag/

https://algotrading-investment.com/2019/07/23/trading-education/

The turning point probability is a powerful tool that you can use it as both reversal trading or breakout trading within your technical analysis. You can watch this YouTube video titled as “Breakout Trading vs Reversal Trading (Turn Support & Resistance to Killer Strategy)” in this link below to get some hands on practice with breakout and reversal trading opportunity with Support and Resistance Technical Analysis.

YouTube Video Link: https://youtu.be/UbORmOacKIQ

Below is the landing page for Fractal Pattern Scanner.

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

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

Volume Spread Analysis Indicator List

We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.

These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.

Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.

Here is the link to Volume Spread Pattern Indicator.

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you can use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector. In addition, we provide the YouTube video to accomplish the basic operations of Excessive Momentum Indicator.

YouTube Video (Momentum Indicator): https://youtu.be/oztARcXsAVA

Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.

https://algotrading-investment.com/portfolio-item/volume-zone-oscillator/

Price Breakout Pattern Scanner and Smart Renko

In the last post, we have shown you how to switch on and off many features in our Smart Renko.

https://algotradinginvestment.wordpress.com/2017/07/15/simple-instruction-on-smart-renko/

Our Price breakout pattern scanner is very unique tool in the market because it have built in feature for Smart Renko inside. There is reason for that. Smart Renko is really helpful for any pattern detection in the separate window. So they will rainforce your trading decision. Imagine that in the candlestick chart, Price Breakout Pattern Scanner is automatically detecting the patterns for you. In the indicator window, you can also detect any other important patterns readily. If you can collect evidence for your trading from both candlestick chart and renko chart, you can make very powerful trading decision.

In this post, let us show how to switch on and off the smart Renko chart from your price breakout pattern Scanner. Before you are using Smart Renko feature enabled, you might download sufficient history in your chart first. Once you have done it, set Use “Smart Renko = true” from your indicator setting. See the screenshots for your better understanding. Some of our customer know that there is great way of trading with Price breakout pattern scanner and our Harmonic Pattern Plus (or Harmonic Pattern Scenario Planner) If you are curious, you migh check our ebook. We have described the trading principle in details in this book: Price Action and Pattern Trading Course.

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

Here are the links for the Price Breakout Pattern Scanner

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/

New Article –Introduction to Technical Analysis

Designing a successful strategy is an intellectually challenging process. It requires extensive research and testing. The research in trading is always followed by the immediate real world outcome. The trading strategy based on the bad system or methodology will be falsified extremely fast in the real world trading. Naturally, a trader with the scientific mind set can learn the great deal of knowledge about this world from testing various trading methodology with the financial market. Science or scientific methodology plays an important role in trading and investment.

Read entire free article from below link:

https://algotrading-investment.com/2020/06/02/introduction-to-technical-analysis/

In addition, you can also have an access to important free articles for your trading here.

https://algotrading-investment.com/2019/07/23/trading-education/

In addition, you can watch this short YouTube Video titled as “Fractal to Advanced Technical Analysis in Less than 6 minutes” to accomplish the complete understanding of your technical analysis. Below is the link the YouTube video.

YouTube link: https://youtu.be/RiTsWthvxfA

In addition, here is the several technical analysis indicator you might be interested in.

1. Elliott Wave Trend for MetaTrader 4

Elliott Wave Trend is extremely powerful Elliott wave indicator. This indicator allows you to perform Elliott wave counting as well as Elliott wave pattern detection. All these are the essential steps in predicting market with Elliott Wave theory. On top of them, it provides built in support and resistance system and turning point strength indicator to improve your trading performance. Yet, there are many additional features for you to explorer inside this technical indicator.

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

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

2. X3 Chart Pattern Scanner for MetaTrader 4

X3 Chart Pattern Scanner is not exclusively Elliott wave tool but it contains some Elliott Wave pattern features in it. Primarily, X3 Chart Pattern Scanner is specialized tools in detecting the chart patterns including Fibonacci Price Pattern, Harmonic Pattern and Elliott Wave Patterns. It is great tool if you want to use both Harmonic Pattern and Elliott Wave patterns in one tool. The added bonus is that X3 Chart Patterns scanner is capable to detect around 52 Japanese candle stick patterns and advanced channels.

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

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

In summary, both tools are the high performance trading system. However, if you want to use Elliott wave trading exclusively and you understand the Wave principle, then you should go for Elliott Wave trend. If you do not mind both Elliott Wave and Harmonic Pattern Trading, then you should use Profitable Pattern Scanner.

Harmonic Pattern Indicator

Harmonic Pattern Indicator is the realization of particular theory or trading strategy or trading ideas to detect Harmonic Patterns for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too. Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.

Type 1: Non lagging (fast signal) but repainting

option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.

Type 2: Lagging (slow signal) but non repainting

no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 3: Detecting pattern at point C but repainting

option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 4: Non lagging (fast signal) and non repainting

option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.

To accomplish this post, you can read the full blog article about the types of Harmonic Pattern Indicator from the link below.

https://algotrading-investment.com/2019/03/03/harmonic-pattern-indicator-explained/

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

Here is the list of Harmonic Pattern Indicators for MetaTrader 4 and MetaTrader 5.

1. Harmonic Pattern Plus (2014)

Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Plus

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/

2. Harmonic Pattern Scenario Planner (2014)

With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Scenario Planner

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

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

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

3. X3 Chart Pattern Scanner (2019)

X3 Chart Pattern Scanner is next generation tools to trade with X3 price patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect with advanced Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. X3 Chart Pattern Scanner is type 4 harmonic pattern indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.

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/

Guide to Precision Harmonic Pattern Trading

In fact, all above trading setup is discussed in detail with the Book: Guide to Precision Harmonic Pattern Trading. If you want to learn harmonic pattern trading, then this is a good book to start with. The book provides you the trading strategy. It will also explain some practical concepts to trade with Harmonic Pattern including Pattern Completion Interval, Potential Reversal Zone, and Potential Continuation Zone. The book will help you to to identify the favorable entry and exit timing. With sound risk management concept, this book will introduce the rolling ball effect and how to use mutual patterns to control the rolling ball effect while you are predicting the turning point with Harmonic Pattern. The book is available in all the major book distributors.

Scribd: https://www.scribd.com/book/394041109/Guide-to-Precision-Harmonic-Pattern-Trading
Google Play Book Store: https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
Google Book: https://books.google.com/books/about?id=8SbMDwAAQBAJ
Amazon: https://www.amazon.com/dp/B01MRI5LY6
Apple Books: https://books.apple.com/us/book/id1444526074

If you want to access the free forex trading education, then you can also visit our website here.

https://algotrading-investment.com/2019/07/23/trading-education/

Using Spread Chart from the Pairs Trading Station in MetaTrader

From Pairs Trading Station in MetaTrader version, you can access the Spread Chart, which is mathematically processed to show the distance between two financial instruments (or between two assets).

You can access the Spread Chart by clicking << button or >> button near the Spread button.

Here is the brief guide on how to interpret the Spread Chart. In this example, we use AUDUSD and XAUUSD as asset 1 and asset 2. The absolute magnitude of these two assets are compared in the normalized sense to compare apple to apple and pear to pear. Two cases exist including the positive spread and negative spread.

In positive spread, AUDUSD (i.e. asset 1) is greater than XAUUSD (i.e. asset 2). Higher the positive spread means that AUDUSD is much greater than XAUUSD in the normalized sense. If the positive spread is small, then the difference between AUDUSD and XAUUSD is also small.

In negative spread, AUDUSD (i.e. asset 2) is smaller than XAUUSD (i.e. asset 2). Higher the negative spread means that AUDUSD is much smaller than XAUUSD in the normalized sense. If the negative spread is small, then the difference between AUDUSD and XAUUSD is also small.

Further you can access more detailed trading operation with below Pairs Trading Manual.

https://algotrading-investment.com/2015/11/14/introduction-to-pair-trading-station_ati/

In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station

https://youtu.be/fAE9pByxZDA

To help you understand the spread chart, we also attach the screenshot.

Pair Trading Station is very unique trading system based on Statistical Arbritage trading principle. Below is the direct link to Pair Trading Station for MetaTrader 4 and MetaTrader 5 platform:

https://algotrading-investment.com/portfolio-item/pair-trading-station/

https://www.mql5.com/en/market/product/3303

https://www.mql5.com/en/market/product/3304

So far, we have explained the functionality of Pairs Trading Station in MetaTrader version, covering both MetaTrader 4 and MetaTrader 5. In addition, we also provide the Pairs Trading Station in Optimum Chart too with more advanced features.

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

How to Download Peak Trough Analysis Tool

When I released the book: “Scientific Guide To Price Action and Pattern Trading”, I have also released the Peak Trough Analysis tool together for many important reasons. Understanding how peak trough analysis works for your trading is the most basic but essential skill for price action and pattern trading. Good price action and pattern trader should never miss the good hands on training around peak trough analysis. As it was outlined in this book, peak trough analysis is the particular transformation method for Equilibrium Fractal Wave analysis (i.e. Trend + Fractal Wave analysis). Loosely speaking, it is the counter part of Fourier transformation in Cycle analysis. With peak trough analysis and by extending it to more advanced level, you can extract both the scientific evidence of repeating patterns and meaningful profits from the market.

In the book: “Scientific Guide To Price Action and Pattern Trading”, peak trough analysis was used as the introductory method to explain the advanced trading strategies. Hence, take the guide in this book to get the hands on experience of trading with peak trough analysis first. As you understand how to apply peak trough analysis in your trading, you can understand better with the working mechanism behind other advanced trading strategies, introduced in this book, like Elliott Wave Patterns, Harmonic Patterns, Price Breakout Patterns, and EFW Channels.

Here, I provide three places you can download the Peak Trough Analysis, developed by myself. Do not worry about the cost of Peak Trough Analysis tool. It is free of charge for everyone. Even if you have not read this book yet, you can still download and use this Peak Trough Analysis indicator. If you are thinking to start on price action trading, then peak trough analysis would be the first resource for your trading. Especially, the chapter 12: “Peak Trough Transformation to visualize Equilibrium Fractal wave” will provide the first guide around peak trough analysis. Then you will use this first guide to understand advanced trading strategies introduced in the 2nd Part of this book (i.e. Price Action and Pattern Trading).

1) MetaTrader 4 Version of Peak Trough Analysis

www.mql5.com/en/market/product/23797

2) MetaTrader 5 Version of Peak Trough Analysis

www.mql5.com/en/market/product/22420

3) Peak Trough Analysis from Algotrading-Investment.com

www.algotrading-investment.com/portfolio-item/peak-trough-analysis-tool

For your information, here is the link to the book: “Scientific Guide To Price Action and Pattern Trading” from multiple E book distributors.

www.algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading

You can also use the peak trough analysis to predict the turning point at each peak and trough. Fractal Pattern Scanner implements such turning point proability concept for the advanced peak trough analysis. Here are the landing page to Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5 platform.

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/