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Harmonic Pattern Book

Here is the list of Harmonic Pattern Book available for Forex and Stock Market Trader. These two book will provide the great deal of information across Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern in Forex and Stock Market Trading. If you are day trader, then you must read these two books. These books are available from all the major book distributor including Scribd, Google Play Book, Apple Book, Amazon.com and so on.

1) Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)

https://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/

2) Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)

https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/

Below is the website link providing powerful Harmonic Pattern and Elliott Wave Pattern Trading tools for Forex and Stock Market.

a) 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/

b) Harmonic Pattern Scenario planner

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/

c) 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/

Below is the screenshot of these two book from Apple Books Store.

Introduction to Advanced Price Pattern Scanner (Non Repainting)

Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. It is non repainting pattern detector.

Detectable Patterns

Following pattern can be detected.

1) Triangle (Pattern Code = 0)

2) Falling Wedge (Pattern Code = 1)

3) Rising Wedge (Pattern Code = 2)

4) Double Top (Pattern Code = 3)

5) Double Bottom (Pattern Code = 4)

6) Head and Shoulder (Pattern Code = 5)

7) Reverse of Head and Shoulder (Pattern Code = 6)

8) Cup and Handle or Cup with Handle (Pattern Code = 7)

9) Reverse of Cup and Handle or Cup with Handle (Pattern Code = 8)

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Main Functionality

1) Pattern Detection in Indicator Window: Detected Patterns are located in the indicator window for your market analysis. To view or hide, just click the Circle button in the indicator window.

2) Pattern Detection in Main Window: Detected patterns are also located in the main window for your market analysis. To view or hide, just click the circle button in the main window.

3) Call Patterns: You can also call any patterns at the desired location in your chart. To access Call Pattern feature, click call button. Now you will have pointer in your chart. Move the pointer anywhere in your chart to located patterns, then click “Call” button again. You will see patterns corresponding to the location of pointer.

4) Multiple Timeframe Pattern Detection: You can also scan above patterns across different timeframe from one indicator. You can also switch on and off any specific timeframe per your need. Please note that Multiple Timeframe Pattern Detection requires much heavier computation.

5) Pattern Locking: You can also lock any patterns in your chart for your future use. Just click over Lock button to lock patterns in your chart.

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Here is a Simple Video Tutorial on Advanced Price Pattern Scanner.

YouTube: https://www.youtube.com/watch?v=A1-IUr6u5Tg

Below are the links to Advanced Price Pattern Scanner.

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

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

https://www.mql5.com/en/market/product/24678

You can also use this product together with Peak Trough Analysis tool to yield better profit. Peak Trough Analysis is free tool for everyone.
Below is how to download this free peak trough analysis indicator.

https://algotrading-investment.com/2019/08/29/how-to-download-peak-trough-analysis-tool/

Volatility Indicator List for Day Trading

Volatility indicator can help you to detect any statistical advantage for your trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend to use the Volatility indicator together with your strategy. 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 too.

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.

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/

Pattern Inside Pattern Analysis

If you are a trader or investor, the Pattern Inside Pattern Analysis is the key trading principle towards the success. As a trader or investor, we are all here to achieve the benefits from the financial trading. After opening up the live account with a broker, we will be looking into the secret trading recipe or a winning trading recipe. The Pattern Inside Pattern Analysis is the key idea behind the the secret trading recipe or a winning trading recipe. So what is the pattern inside pattern analysis ? To start, recap some common saying from the business analyst or economist, they will say that the business cycle can repeat in 5 to 10 years. In another words, this suggests that the market is not moving with the deterministic cycle. We can only use the range of period to describe the cycle. Some people call this as rhythm. Pattern Inside pattern analysis is the tool to predict the repeating rhythm in the financial market.

The “pattern inside pattern” analysis (PPA) often reveals the most efficient entry for our trading. This was the third important guideline we have learned from the fractal wave analysis. This is probability the most important guideline for the practical trading. When small triangles make up the large triangle in the fractal wave, we can call the small triangle as the child wave and the large triangle as the mother wave. For example, in the large cycle, price could make a swing high by moving 1000 points up from trough to peak. The swing high of the large cycle is made up from many small price swings in the small cycle. More precisely, the swing high of the large cycle is made up from the triangle 3, 4 5 and 6 in the small cycle. Likewise, in the large cycle, price could make swing low by moving 600 points down from peak to trough. The swing low of the large cycle is made up from many small price swings in the small cycle. More precisely, the swing low of the large cycle is made up from the triangle 0 and 1 in the small cycle.

The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is an dedicated book for the pattern inside pattern analysis. This book will provide the guidance on how to catch the important rhythm in the Forex and Stock market. With many chart examples for the pattern inside pattern analysis, we recommend this book because the book shares many fresh new ideas towards your day trading. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

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

Harmonic Pattern is one of the tools that can be used for the pattern inside pattern analysis. Harmonic Pattern Detection could be tedious process if you have to do them manually. You can use the automated tool for your trading. If you are looking for the Harmonic Pattern Scanner, then here are some choice between repainting harmonic pattern scanner and non repainting harmonic pattern scanner. We present one repainting and one non repainting harmonic pattern scanner for your information below. The book will provide the guideline on how to improve your harmonic pattern trading with pattern inside pattern analysis.

1. Harmonic Pattern Plus (2014)

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

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. 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/

Introduction to Equilibrium Fractal Wave Analytics

EFW Analytics was designed to accomplish the statement “We trade because there are regularities in the financial market”. EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts including:

1. Equilibrium Fractal Wave Index: exploratory tool to support your trading logic to choose which ratio to trade

2. Superimposed Pattern Detection as turning point analysis

3. Superimposed Channel for market prediction with Golden ratio expansion

4. Superimposed Channel for market prediction with whole number expansion

5. Equilibrium Fractal Wave (EFW) Channel detection

6. Superimposed Channel Rating (Higher rating = higher predictive power)

EFW Analytics provide the graphic rich and fully visual trading styles. In default trading strategy, you will be looking at the combined signal from Superimposed pattern + EFW Channel or Superimposed pattern + Superimposed Channel. In addition, you can perform many more trading strategies in a reversal and breakout mode. You can also run two different timeframes in one chart to enforce your trading decision. Sound alert, email and push notification are built inside the indicator.

Below is the link to the EFW Analytics:

https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/

https://www.mql5.com/en/market/product/27703

https://www.mql5.com/en/market/product/27702

Chart Pattern Detection on Multiple Timeframe

X3 Chart Pattern Scanner comes with the ability of detecting pattern across different timeframe. This feature is handy because you can scan potential buy and sell signal from one chart only. Here we show how to do it in your chart. Simply go to input setting. Then set “Use Multiple Timeframe Pattern Detection” = true. Check the screenshot for the procedure.

Of course, the pattern detection at multiple timeframe will force 6 to 9 times heavier computation to your MetaTrader. Hence, this will push your CPU and Memory higher. Before using this multiple timeframe feature, please do understand the trade off between heavy computation and the CPU and memory. If your computer has strong CPU and bigger RAM, then this would be no problem.

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/

Most advanced Elliott Wave Software for MetaTrader 5

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is far exceeding trading platform of its predecessor, 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.

Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, etc. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.

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

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

At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.

YouTube Link: https://youtu.be/Oftml-JKyKM

Link to Elliott Wave Trend.

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

Winning Trading Logic – Detecting Supply and Demand Unbalance

As we have pointed out in our article, detecting the supply and demand unbalance is the most important key in making profits in Financial market. The excessive momentum indicator is the automated tool to detect these unbalance in supply and demand for your trading. With excessive momentum drawn in your chart, it is much easier to predict the timing of new trend and its direction.

Here is the insightful article explaining where the profits comes and how the profits are captured with the knowledge of excessive momentum. If you really want to make money in the market, must read this article. Reading does not cost you anything.

https://algotrading-investment.com/2018/10/29/introduction-to-excessive-momentum-trading/

This Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version). You can watch the YouTube videos to find more about the Excessive Momentum Indicator.

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

Here is link to Excessive Momentum Indicator available on MetaTrader 4 and MetaTrader 5 platform.

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

Adding Peak Trough Analysis Tool in your Chart – MetaTrader

1. Overview on the Tutorial

Peak Trough Analysis is the powerful Wave Indicator available in MetaTrader. It helps you to detect various price patterns in more organized and efficient way. We have demonstrated how to detect Rising wedge, falling wedge and triangles, Elliott Wave patterns with Peak Trough Analysis in our Book: Scientific Guide To Price Action and Pattern Trading. In addition, we have demonstrated how to detect Fibonacci Price Pattern, Elliott Wave pattern, Harmonic Pattern and X3 pattern with Peak Trough Analysis in our Book: Profitable Patterns in Forex and Stock Market.

Since the Peak Trough Analysis is a must have tool for the financial trader, we briefly demonstrate how to load them in your chart. For your information, Peak Trough Analysis is freely downloadable from our website: www.algotrading-investment.com

2. Steps to use Peak Trough Analysis indicator

We assume that you have downloaded Peak Trough Analysis tool already in your MetaTrader platform. Once you have downloaded the indicator, you should be able to see it in the navigator.



To use any indicator, you need to have at least one chart opened. In this tutorial, we will open GBPUSD hourly chart.



Now go back to the Navigator. Select Peak Trough Analysis indicator with mouse right click. Then click on Attach to chart. This step will attach this indicator to GBPUSD hourly chart, which was opened in our previous step.



Clicking on Attach to Chart will pop up Property Window for the indicator. In this property window, you can select various setup according to your preference. Especially, Peak Trough Analysis can be run under three different mode.

1. ZigZag indicator mode

2. Modified Fractal Indicator mode

3. Original Fractal Indicator mode

To run it as ZigZag indicator mode, set the first input to false. If you want to run it as modified fractal indicator mode, then set the first input to true. If you want to run it as original fractal indicator mode, then set the first input to true and set N left = 2 and N right = 2. We have explained all these modes in detailed in the book: Scientific Guide to Price Action and Pattern Trading. If you need the details of each mode, then please refer to the book.



Click OK button, then we are done. Now you should be able to see Peaks and Troughs detected in chart window. As we have explained in the book, these peaks and troughs are the important basis for various price detection and the trading strategies associated with those price patterns.



About this Article

This article is the part taken from the draft version of the Book: Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner, which is available for MetaTrader or Optimum Chart.

Below is the landing page for Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner in MetaTrader. All these products are also available from www.mql5.com too.

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

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

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

Below is the landing page for Optimum Chart (Standalone Charting and Analytical Platform).

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