Young Ho Seo / Profil

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

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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/

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/

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/

Enable Automatic Channel in Harmonic Pattern Indicator

We provided powerful automatic channel features in the Harmonic Pattern Indicator. To enable the automatic Channel Function, just set Use Channel = true under Channel Parameter inputs.

Together with Harmonic Pattern and Elliott Wave patterns, the provided automatic channel can be the great help for your trading. Enjoy this powerful features. This feature applies to Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner.

Important Note to read

For your information, the provided channel are dynamic. As new bars are arrived in your chart, it will update the size of Standard deviation and 95% intervals in real time. Please bear this in your mind when you are using the provided channel. Another important note is that we provide Double Standard Deviation Channel for X3 Chart Pattern Scanner. This is the channel indicator specially tuned to work for Harmonic Pattern and X3 Pattern. It is more advanced Channel than the one shown in the screenshot below. 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

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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/

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/

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/

Support Resistance Indicator with Risk Management

We provide the Support Resistance Indicator that are cost effective and highly accurate using the original concept of the Trigger Level. This Support Resistance Indicator provide the automatic peak trough analysis which you can directly connect the best support and resistance level in the most sensible place. Remember picking the good support and resistance followed by good profit results. In addition, this support resistance indicator helps you to managment your risk for your trading. You can add the risk management object with number keys 1, 2, 3 and 4. You can start to trade like Pro. Find out more information about the Support Resistance Indicator for MetaTrader.

Support Resistance Risk Management MT4 for MetaTrader 4: https://www.mql5.com/en/market/product/77887

Support Resistance Risk Management MT5 for MetaTrader 5: https://www.mql5.com/en/market/product/77886

Landng Page for Support Resistance Indicator: https://algotrading-investment.com/portfolio-item/support-resistance-risk-management/

In addition, you can read the detailed article about Support and Resistance Indicator.

https://www.mql5.com/en/blogs/post/747933

Harmonic Pattern Detection Indicator

Trading Indicator is the realization of particular theory or trading strategy or trading ideas 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/

MetaTrader Indicator Videos

Sometimes seeing is much better than reading. Here are some Youtube video links for great MetaTrader indicators.

Just click the link to open YouTube video of each MetaTrader indicator.

1. Advanced Price Pattern Scanner (MT4/MT5 available)

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

2. Elliott Wave Trend (MT4/MT5 available)

Youtube link: https://www.youtube.com/watch?v=Oftml-JKyKM

3. X3 Chart Pattern Scanner (MT4/MT5 available)

Youtube: https://www.youtube.com/watch?v=uMlmMquefGQ

4. Price Breakout Pattern Scanner (MT4/MT5 available)

Youtube: https://www.youtube.com/watch?v=aKeSmi_Di2s

5. Harmonic Pattern Plus (MT4/MT5 available)

YouTube link: https://www.youtube.com/watch?v=CzYUwk5qeCk

Visit our website for more information about these powerful trading tools and system.

https://www.mql5.com/en/users/financeengineer/seller#products

www.algotrading-investment.com

Trading Price Patterns

Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are the powerful tools to trade with Price Patterns. To improve its trading performance, you might use other technical indicators to assist your trading decision. However, you can also use Peak Trough Analysis tool together.

I use this Peak Trough Analysis together with Advanced Price Pattern Scanner and Price Breakout Pattern Scanner. I basically try to find the intersection or overlapping of the patterns detected by indicator and by peak trough analysis. This approach hybridizes the price pattern trading. This approach can help to detect the true breakout direction.

Here is the download link for the free Peak Trough Analysis Tool for MetaTrader 4 and MetaTrader 5. They are absolutely free. Make sure to spend some time on Peak Trough Analysis tools to get comfortable with them.

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

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

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

Below are the links to Advanced Price Pattern Scanner.

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

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

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

Below are the links to 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/

MT5 Harmonic Scanner

We provide a range of advanced MT5 harmonic scanners. Below is the list of MT5 Harmonic Scanner. Their price and their features are different. Hence, we do recommend you to choose the right product depending on your budge and desired features. We provide the direct page link for further reading.

1. MT5 Harmonic Pattern Plus

One of the first automated MT5 Harmonic scanner. 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. Although this is the repainting indicator, it comes at the affordable price with lots of powerful features.

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

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

2. MT5 Harmonic Pattern Scenario planner

It is an advanced MT5 Harmonic scanner. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical MT5 harmonic scanner designed for Professional harmonic pattern trader. Because of affordable price, this harmonic scanner is loved by many traders. Although this is the repainting indicator, it comes at the affordable price with lots of powerful features.

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

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

3. MT5 X3 Chart Pattern Scanner

This is our next generation Harmonic Scanner. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading. This is the most advanced Harmonic and Elliott wave pattern scanner in the market. You must try.

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

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

Do not forget to download free Volume Spread Zone analysis to use together with MT5 harmonic scanner.

https://algotrading-investment.com/2019/09/06/harmonic-pattern-with-volume-zone-oscillator/

Support and Resistance with Elliott Wave Trend

Elliott Wave Trend produces its own support and resistance automatically for your trading. These are not ordinary support and resistance but projecting the location of superimposed wave patterns.

The produced support and resistance are very accurate. By clicking the box, you can extend or reverse the support and resistance zone in your chart.

For your information, the support and resistance zone can be used on their own. Typically you will use the latest support and resistance in your trading decision.

This is most basic use of these support and resistance. However, you can also use these support and resistance combined with your actual Elliott Wave counting. You can use the support and resistance to gauge the turning point and breakout using your Elliott Wave counting.

Elliott Wave Trend is powerful and sophisticated trading system for professional trader. Please refer to our other articles on how to use other features from our website.

Here is the links to our Elliott Wave Trend:

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

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

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