Double Harmonic Volatility Indicator MT4

5

Introduction to Double Harmonic Volatility Indicator

Use of the Fibonacci analysis for financial trading can nearly go back to 85 years from today since the birth of Elliott Wave Theory by R. N. Elliott. Until now, traders use the Fibonacci analysis to identify the patterns in the price series. Yet, we could not find any one attempted to use Fibonacci analysis for the Volatility. Harmonic Volatility Indicator was the first technical analysis applying the Fibonacci analysis to the financial Volatility. Originally, Harmonic Volatility Indicator was developed to overcome the limitation and the weakness of Gann’s Angle, also known as Gann’s Fan. We have demonstrated that Harmonic Volatility Indicator can be applied in a similar manner to Gann’s Angle (or Gann’s Fan) to your chart. At the same time, since the volatility is very important information for traders, Harmonic Volatility Indicator can bring many other benefits to traders too. One might use Harmonic Volatility indicator like the market profile to spot trend reversal point. More importantly, Harmonic Volatility Indicator can be well incorporated to your existing technical analysis to improve your trading. It is also very effective in spotting mature trend in its end phase. Bringing the Harmonic Volatility indicator further in its application level, Double Harmonic Volatility Indicator applies two Harmonic Volatility indicator in the significant peak and trough in your chart in the automatic manner. You can use this tool to identify the significant support resistance levels, trend reversal point and trend strength. To maximize your trading efficiency, we have added many automated features for your convenience.


How to Use

Double Harmonic Volatility indicator can be run in more than four different mode.

  1. Double Harmonic Volatility mode – this mode uses two Harmonic Volatility indicator in the significant peak and trough.
  2. Daily Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to daily open price.
  3. Weekly Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to weekly open price.
  4. Monthly Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to monthly open price.
  5. Beside above four modes, you can combine daily and weekly Harmonic Volatility indicator or weekly and monthly Harmonic Volatility indicator. If you want, you can combine daily, weekly and monthly harmonic volatility indicator at the same time.


Important User Inputs

There are four important inputs to change the mode of this indicator.

  • Use Double Harmonic Volatility- Set this input to true to run the indicator in double Harmonic Volatility mode. If you set this input to false, then indicator will run in to either daily, weekly or monthly Harmonic Volatility Mode.
  • Use Daily Harmonic Volatility – This input is only active if the Use Double Harmonic Volatility is set to false.
  • Use Weekly Harmonic Volatility - This input is only active if the Use Double Harmonic Volatility is set to false.
  • Use Monthly Harmonic Volatility - This input is only active if the Use Double Harmonic Volatility is set to false.

Note that most of time you can use the default setting for the other inputs.


Trading Principle

Most of average traders are trading without having the full picture of the market volatility. Double Harmonic Volatility Indicator can offer you more systematic picture towards the current market state. In spite of the fact that Harmonic Volatility indicator can bring you the many benefits for your trading, you will still need knowledge and discipline for your successful trading. This is not the bulletproof trading system.



Trading Strategy Guide

You can find the detaild trading strategy guide about how to use volatility indicator from the link below. We recommend to read this article before using this volatiltiy indicator for your trading.

https://www.mql5.com/en/blogs/post/750389



Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.


Reviews 1
David T
302
David T 2023.06.18 18:36 
 

Very good indicator ! It has become of of my main indicators. Please note it is not a holy grail...you have to know how to use and how price reacts around these lines. Must be use together with other indicators for confirmation.

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GoldRush Trend Arrow Signal V1.6 The GoldRush Trend Arrow Signal indicator V1.6 continues to provide precise, real-time trend analysis tailored for high-speed, short-term scalpers in XAU/USD , but it now has additional features and improved efficiency and reliability. Built specifically for the 1-minute time frame, this tool displays directional arrows for clear entry points, allowing scalpers to navigate volatile market conditions with confidence. The indicator consists of PRIMARY and SECONDARY
PZ 123 Pattern
PZ TRADING SLU
1 (1)
Indicators
Unlock powerful breakout opportunities The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ]
Bull versus Bear
Mohamed Hassan
4.5 (18)
Indicators
Send us a message after your purchase to receive more information on how to get your  BONUS  for FREE  that works in great combination with Bull vs Bear ! Bull versus Bear is an easy-to-use Forex indicator that gives traders clear and accurate signals based on clear trend retests . Forget about lagging indicators or staring at charts for hours because  Bull vs Bear provides real-time entries with no lag and no repaint, so you can trade with confidence. Bull vs Bear  helps you enter trades during
Peak Formation Dashboard Pro MT4
Sarika G Talekar
Indicators
The Propfolio Master Suite is the ultimate all-in-one analytical workstation for professional traders. Combining the power of the Beat The Market Maker (BTMM) methodology, Smart Money Concepts (SND/Liquidity), and Advanced Volume Profile, this suite replaces multiple different indicators with one optimized engine. Monitor up to 14 pairs simultaneously from a single chart, instantly identify market cycles, and seamlessly map institutional footprints with the click of a button. The Command Center
KuKl
IGOR KIRIANEN
Indicators
The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more
Gold Venamax MT4
Sergei Linskii
3 (2)
Indicators
Gold Venamax - this is a best stock technical indicator. The indicator algorithm analyzes the price movement of an asset and reflects volatility and potential entry zones. Live Signal of manual trading >>>   [ Click Here ] Indicator features: This is a super indicator with Magic and two Blocks of trend arrows for comfortable and profitable trading. Red Button for switching blocks is displayed on the chart. Magic is set in the indicator settings, so that you can install the indicator on two chart
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4.8 (5)
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4 (4)
Indicators
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
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Young Ho Seo
Indicators
Introduction to Smart Renko The main characteristics of Renko Charting concern price movement. To give you some idea on its working principle, Renko chart is constructed by placing a brick over or below when the price make the movement beyond a predefined range, called brick height. Therefore, naturally one can see clear price movement with less noise than other charting type. Renko charting can provide much clearer trend direction and it helps to identify important support and resistance level
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3.67 (3)
Indicators
Introduction to Support Resistance Indicator Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Sup
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4 (1)
Indicators
This innovative technical indicator was created to detect quiet market period before the beginning of the high volatile market. Like many good technical indicators, this Market Activity Index is very stable and it is widely applicable to many financial and non financial instruments without too much restriction. The Market Activity Index can be used best to visualize the alternating form of low and high volatile market. It is very useful tool to pick up the quiet market but ironically this is the
Elliott Wave Trend MT4
Young Ho Seo
4 (7)
Indicators
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
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David T 2023.06.18 18:36 
 

Very good indicator ! It has become of of my main indicators. Please note it is not a holy grail...you have to know how to use and how price reacts around these lines. Must be use together with other indicators for confirmation.

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