• Overview
  • Reviews (5)
  • Comments (214)
  • What's new

Harmonic Pattern Plus MT5

4.5

Introduction

Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality of Harmonic Pattern plus is beyond manual pattern detection and textbook approach. Harmonic Pattern Plus provides many harmonic patterns we have tested in our research. In addition, you can use the three important trading elements including Pattern Completion Interval (PCI), Potential Reversal Zone (PRZ), and Potential Continuation Zone (PCZ) to improve accuracy of your trading. You will experience amazing performance using our Harmonic Pattern Plus for your trading. Especially, pattern completion interval provides the trading zone which you can manage your trading and risk easily.


Main Features

  • 11 Harmonic Patterns can be detected automatically
  • Support multiple timeframe pattern scanning (This means you need one chart per symbol only.)
  • Potential Reversal Zone (PRZ) detection for Point D identification
  • Potential Continuation Zone (PCZ) detection for future price movement prediction
  • Pattern Completion Interval (PCI) detection for precision trading
  • Historical pattern forward and backward reply function to create new trading strategy
  • Pattern locking and unlocking feature to prevent repainting of patterns
  • 52 different bullish and bearish Candlestick pattern recognition feature
  • Support Email, Sound alerts or Push Notification


Recognizable and Tradable Patterns

  • Butterfly
  • Gartley
  • Bat
  • Alternate Bat
  • AB=CD
  • Shark
  • Crab
  • Deep Crab
  • Cypher
  • 5-0 Patterns
  • 3 Drives Pattern
  • Automatic drawing of Linear regression channel
  • Candlestick patterns: detect 52 different bearish and bullish candlestick patterns. The candlestick patterns include hanging man, shooting star, engulfing, doji, harami, kicking, etc. Our Candlestick Pattern detection algorithm uses purely price action only.


Indicator Setting and Parameters

Default setting will work most of time. If you want to change how the indicator looks in your chart, you can certainly change them from input setting. All the input settings are self-explanatory. The simple description is given on left hand side columns and you need to change value on your right hand side columns.


Trading Strategy Guide

In fact, the detailed trading strategy with harmonic pattern can be found from the link below:

https://www.mql5.com/en/blogs/post/747647

For the most important trading strategy, you can have a look at the Young’s Mutual Pattern Turning Point Strategy in the following books: Guide to Precision Harmonic Pattern Trading and  Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern.


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 5
Moola Ravichandra
143
Moola Ravichandra 2020.11.09 12:02 
 

SUPER BUT NOT SHOWS 11 PATTERNS

z2525
180
z2525 2018.03.12 02:55 
 

Good Work, I bought the indicator, at first it was shocking to see how it scanned the patterns, but after some time with it I felt more confortable with the system, it's really easy to manage your risk with the PCI box, and I was surprised to see patterns reversing even if they were differente from the standart harmonic ratios, I believe the team have done a good computerized research and backtest and are bringing it to the next level with new technology..!

Arfur Lager
307
Arfur Lager 2014.06.21 14:31 
 

Excellent work! The new version enables back stepping through previous patterns which shows just how often, and to which fib level the price retraces when one of the patterns appears.

Recommended products
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Matreshka
Dimitr Trifonov
5 (1)
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
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
Gartley Projections D
Oleksandr Medviediev
3 (2)
The indicator identifies the harmonic patterns (XABCD) according to developments of H.M.Gartley ( "Profits in the Stock Market" , 1935г). It projects D-point as a point in the perspective projection (specify ProjectionD_Mode = true in the settings). Does not redraw. When a bar of the working timeframe closes, if the identified pattern point has not moved during Patterns_Fractal_Bars bars, an arrow appears on the chart (in the direction of the expected price movement). From this moment on, the ar
FibExtender
Syed Oarasul Islam
This Indicator draws Fibonacci Extension levels in two different ways. You can select whether to draw Fibonacci Extension levels based on your favourite ZigZag settings or you can let the indicator to draw Fibonacci Extension  level based on given number of Bars or Candles.  You can also set Mobile and Email notification for your favourite Extension  levels individually. With this indicator you will not have to feel lonely as the it can generate Voice alerts, which will keep you focused on your
Price Breakout pattern Scanner is the automatic scanner for traders and investors. It can detect following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - The double bottom pattern is
Introduction to Harmonic Volatility Indicator Harmonic Volatility Indicator is the first technical analysis applying the Fibonacci analysis to the financial volatility. Harmonic volatility indicator is another level of price action trading tool, which combines robust Fibonacci ratios (0.618, 0.382, etc.) with 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
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 ] Clear trading signals Customizable c
Harmonic Patterns Osw MT5
William Oswaldo Mayorga Urduy
HARMONIC PATTERNS OSW MT5 This indicator is in charge of detecting the Harmonic Patterns so that you can operate on them, giving you a signal so that you can add a manual analysis if you take the order or not. Among the Harmonic Patterns that the indicator detects are: >gartley >bat >Butterfly >crab >Shark Among the functions that you can find are: >Generate Alerts to Mail, Mobile and PC >Change the colors of the Harmonics, both buying and selling. >Determine the "Allowed
FanTracer
Syed Oarasul Islam
This Indicator draws Fibonacci Fan levels in two different ways. You can select whether to draw Fibonacci Fan levels based on your favourite ZigZag settings or you can let the indicator to draw Fan levels based on given number of bars or candles.  You can also set Mobile and Email notification for your favourite Fan  levels individually. With this indicator you will not have to feel lonely as the it can generate Voice alerts, which will keep you focused on your trading and remove boredom.  Prod
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters
ArcTracer
Syed Oarasul Islam
This Indicator draws Fibonacci Arc levels in two different ways. You can select whether to draw Fibonacci Arc levels based on your favourite ZigZag settings or you can let the indicator to draw Arc levels based on given number of bars or candles.  You can also set Mobile and Email notification for your favourite Arc levels individually. With this indicator you will not have to feel lonely as the it can generate Voice alerts, which will keep you focused on your trading and remove boredom.  Produc
EchoIndicatorMT5
Phongkrit Phattanawijak
ECHO INDICATOR V2.2 Update A top-quality indicator works with trend and pattern.  The tool is a good assistant for the traders use various levels in trading. When price approaches a level, the indicator produces a sound alert and (or) notifies in a pop-up message, or via push notifications. A great decision making tool for opening orders. Can be used any timeframe and can be customized Easy to trade It implements alerts of all kinds It implements a multi-timeframe   Trade with Trend  + s
Introduction to Chart Pattern MT Chart Pattern MT is a chart pattern scanner to detect the triangle pattern, falling wedge pattern, rising wedge pattern, channel pattern and so on. Chart Pattern MT uses highly sophisticated chart pattern detection algorithm. However, we have designed it in the easy to use with intuitive user interface. Chart Pattern MT will show all the patterns in your chart in the most efficient format for your trading. You do not have to do tedious manual pattern detection an
All Harmonics 26 demo
Alexey Isavnin
4.22 (9)
This is the demo version of "All Harmonics 26" indicator . "All Harmonics 26" searches for 26 types of harmonic patterns and outputs them in a convenient way. You can check out the documentation here . This demo version has the following limitations: The indicator searches only for one type of harmonic patterns out of 26:- Gartley. The indicator outputs new patterns with a lag of 10 bars.
FREE
This indicator finds wedges , which are continuation patterns identified by converging trendlines surrounding a price consolidation period. It signals trades using a donchian breakout alongside the formation breakout. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds Optimal Usage To see wedges of all sizes, which can overlap, load the indicator several times on
Premium level is a unique indicator with more than 80% accuracy of correct predictions! This indicator has been tested for more than two months by the best Trading Specialists! The author's indicator you will not find anywhere else! From the screenshots you can see for yourself the accuracy of this tool! 1 is great for trading binary options with an expiration time of 1 candle. 2 works on all currency pairs, stocks, commodities, cryptocurrencies Instructions: As soon as the red ar
Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.
Candle hunter
Ruslan Khasanov
5 (1)
Indicator for graphical analysis. Marks the main Japanese candlestick patterns on the chart. At the moment, the following set of patterns is available to the trader:  - Bearish/Bullish Abandoned Baby;  - Bearish Advance Block;  - Bearish Deliberation;  - Bearish/Bullish Belt Hold;  - Bearish/Bullish Engulfing;  - Bearish Shooting Star;  - Bearish Evening Star;  - Bearish Evening Doji Star;  - Bearish/Bullish Doji Star;    - Bearish/Bullish Tri-Star;  - Bearish Hanging Man;  - Bearish/Bullish Ha
Atomic Analyst MT5
Issam Kassas
5 (14)
First of all Its worth emphasizing here that this Trading Indicator is   Non-Repainting   , Non Redrawing and Non Lagging Indicator   Indicator, Which makes it ideal from both manual and robot trading.  User manual: settings, inputs and strategy . The Atomic Analyst  is a PA Price Action Indicator that uses Strength and Momentum of the price to find a better edge in the market. Equipped with Advanced filters which help remove noises and false signals, and Increase Trading Potential. Using Mult
The Trend Catcher: The Trend Catcher Strategy with Alert Indicator is a versatile technical analysis tool that aids traders in identifying market trends and potential entry and exit points. It features a dynamic Trend Catcher Strategy , adapting to market conditions for a clear visual representation of trend direction. Traders can customize parameters to align with their preferences and risk tolerance. The indicator assists in trend identification, signals potential reversals, serves as a trail
FREE
Welcome to the Ultimate Harmonic Patterns recognition indicator that is focused to detect advanced patterns. The Gartley pattern, Bat pattern, and Cypher pattern  are popular technical analysis tools used by traders to identify potential reversal points in the market. Our Ultimate Harmonic Patterns recognition Indicator is a powerful tool that uses advanced algorithms to scan the markets and identify these patterns in real-time. With our Ultimate Harmonic Patterns recognition Indicator, you
Trend Side - a technical indicator for determining the trend. It is a set of several full-fledged trading strategies. The indicator uses an advanced trend filtering system, has a statistical panel, calculates entry and exit levels, and calculates the dynamic Trailing Stop level. Suitable for any type of symbols, never redraws its signals and results. A comprehensive tool for professional trend trading. The set of the Trend Side indicator also includes Andrews Trend Scanner - a multi-currency
UT Bot Simple
Bartlomiej Tadeusz Tomaja
**Features:** 1. **Innovative Trend Tracking:** The UT BOT Simple Indicator leverages the power of the Average True Range (ATR), a renowned volatility measure, to calculate precise trailing stop values, providing unparalleled insights into market trends. 2. **Customizable Settings:** Flexibility is paramount in any trading strategy. With this in mind, our indicator allows you to adjust the ATR periods and other key parameters to tailor the tool to your trading style and strategy. 3. **Rea
This is Gekko's Cutomized Relative Strength Index (RSI), a customized version of the famous RSI indicator. Use the regular RSI and take advantage two entry signals calculations and different ways of being alerted whenever there is potential entry or exit point. Inputs Period: Period for the RSI calculation; How will the indicator calculate entry (swing) signals: 1- Produces Exit Signals for Swings based on RSI entering and leaving Upper and Lower Levels Zones; 2- Produces Entry/Exit Signals fo
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
HWAFM
Aleksandr Chugunov
HWAFM (the harmonic wave analysis of the financial markets) Harmonic trading involves searching for certain price patterns (specimens) and Fibo numbers in order to define highly probable price reversal points. The method is based on the assumption that trade patterns or cycles repeat themselves just like in real life. The main objective is to identify these patterns, as well as position entries/exits. The analyzer is based on a high degree of probability, which is confirmed by the price movement
The indicator shows harmonic patterns on the chart without repainting with the minimum possible lag. The search for indicator tops is based on the wave principle of price analysis. Advanced settings allow you to choose parameters for your trading style. At the opening of a candle (bar), when a new pattern is formed, an arrow of the probable direction of the price movement is fixed, which remains unchanged. The indicator recognizes the following patterns and their varieties: ABCD, Gartley (Butter
Seconds Charts
Aleksandr Goryachev
Micro  ******************* Секундные графики MT5 ********************** Более точного инструмента для входа в сделку вы не найдёте. Входные параметры: Timeframe, sek - период построения графика, секунды Displayed bars - отображаемые бары Step of price levels, pp, 0-off - шаг отрисовки ценовых уровней, пункты Scale points per bar, 0-off - масштаб в пунктах на бар Show lines - отображение текущих уровней Show comment - отображение комментария Standard color scheme - стандартная цветовая сх
Buyers of this product also purchase
First of all Its worth emphasizing here that this Trading System is Non-Repainting   , Non Redrawing and Non Lagging Indicator Which makes it ideal from both manual and robot trading .  Online course, manual and download presets. The Smart Trend Trading System MT5 is a comprehensive trading solution tailored for new and experienced traders . It combines over 10 premium indicators and features more than 7 robust trading strategies , making it a versatile choice for diverse market conditions . Tre
Quantum Trend Sniper
Bogdan Ion Puscasu
4.91 (43)
Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
Reversal First Impulse levels (RFI)      INSTRUCTIONS        RUS       -       ENG              R ecommended to use with an indicator   -   TREND PRO -  Version MT4                 A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Main functions:: Di
FX Power MT5 NG
Daniel Stein
5 (5)
Trading GOLD, and currencies, with the dog walk strategy  - super smart Trading GOLD, and currencies, with the breakout strategy  - super easy Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Power MT5 NG  is the next generation of our long-time very popular currency strength meter, FX Power.  And what does this next-generation strength meter offer? Everything you have loved about the original FX Power  PLUS GOLD/XAU st
FxaccurateLS
Shiv Raj Kumawat
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
TPSproTREND PrO MT5
Roman Podpora
4.86 (7)
TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  -  Version MT4               DETAILED DESCRIPTION               R ecommended to use with
Top indicator for MT5   providing accurate signals to enter a trade without repainting! It can be applied to any financial assets:   forex, cryptocurrencies, metals, stocks, indices .  Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! MT4 version is here It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of
Volume by Price MT5
Brian Collard
5 (4)
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Session filtering and grouping. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Graphical layering, positioning and styling options to suit the user's analytic and aesthetic n
FX Volume MT5
Daniel Stein
4.94 (17)
Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome insights into how institutional market participants, like brokers, are positioned in the Forex market, much faster than COT reports. Seeing this information directly on your chart is the real game-changer and breakthrough solut
Advanced Supply Demand MT5
Bernhard Schweigert
4.53 (15)
Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential of Advanced Suppl
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
Bill Williams Advanced
Siarhei Vashchylka
5 (5)
Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual:   click here That's the first one, the original! Don't buy a worthless wannabe clone
IVISTscalp5
Vadym Zhukovskyi
5 (5)
We present you the iVISTscalp5 indicator, which is not only unique, but also effective in the analysis of trading operations. This indicator is based on time data and is the result of many years of experience and deep analysis of financial markets. The iVISTscalp5 indicator is an excellent assistant for manual trading. Convenience, simplicity and visualization. All the most difficult is hidden inside. We have simplified the settings and use of the iVISTscalp5 indicator as much as possible. The i
Introducing the South African Sniper indicator created by a small group of traders with a few years trading trading the financial market profitably . This is a plug and play indicator that provides you with  BUY and SELL (SNIPER ENTRY) signals with TARGET and trail stops. The indicator Works with all MT5 trading instruments. The indicator uses previous  chart data as receipt to speculate on future market moves.  "The South African Sniper indicator community are very happy with the indicator an
AW Prime Oscillator MT5
AW Trading Software Limited
A combination of two oscillators. The first one displays the entry points, the second shows the current trend . The indicator can display oscillator signals by arrows in two modes, all fast oscillator signals or signals only in the direction of the current trend. It has a multi-timeframe panel and three types of signal notifications. Benefits: Suitable for day and scalping trading Trend filtering Simple and sensitive setup Multi-timeframe panel Suitable for integration into an advisor. Works on
RelicusRoad Pro MT5
Relicus LLC
4.83 (23)
How many times have you bought a trading indicator with great back-tests, live account performance proof with fantastic numbers and stats all over the place but after using it, you end up blowing your account? You shouldn't trust a signal by itself, you need to know why it appeared in the first place, and that's what RelicusRoad Pro does best! NOW $147 (increasing to $499 after a few updates) - UNLIMITED ACCOUNTS (PCs or MACs) **  User Manual + Strategies + Training Videos + Private Group with
Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confirm potential trades.
XQ Indicator MetaTrader 5
Marzena Maria Szmit
5 (1)
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind
Malaysian SNR Levels
Matthias Horst Pieroth
This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
Quantum Heiken Ashi PRO MT5
Bogdan Ion Puscasu
4.5 (8)
Introducing the Quantum Heiken Ashi PRO charts with integrated alerts Designed to provide clear insights into market trends, the Heiken Ashi candles are renowned for their ability to filter out noise and eliminate false signals. Say goodbye to confusing price fluctuations and hello to a smoother, more reliable chart representation. What makes the Quantum Heiken Ashi PRO truly unique is its innovative formula, which transforms traditional candlestick data into easy-to-read colored bars. Red and g
Blahtech Supply Demand MT5
Blahtech Limited
4.57 (14)
Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (8)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
Golden Spikes Detector
Batsirayi L Marango
3 (2)
Golden Spikes Detector This indicator is based on an advanced strategy primarily for trading spikes on Boom and Crash Indices. Complex algorithms were implemented to detect high probability entries only. It alerts on potential Buy and Sell entries. To trade spikes on the Deriv or Binary broker, only take Buy Boom and Sell Cash alerts. It was optimised to be loaded on 5-minute timeframe although multiple timeframe analysis is done in the background. Features ·             Desktop pop up and sound
Trend Forecaster
Alexey Minkov
5 (4)
The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
Royal Wave Pro M5
Vahidreza Heidar Gholami
3.5 (4)
Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it easier to make proper decisions regarding where to enter and where to exit trades. Features Trend-Power Algorithm Low risk Entry Zones and Exit Zones Predictions for Overbought and Over
Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breako
This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
Boom and Crash Spike Detector v1.0 Boom and Crash spike detector prints Down non repaint Arrow for catching crash spikes and Up non repaint arrow for catching boom spikes.  It is suitable for 1M time frame for majorly crash500 and Boom 500.  When the Red arrow prints in a red zone moving averages, it indicates high probability of crash spikes downwards, likewise, blue arrow printing in a blue zone of moving average, it indicates high probability of boom spikes.  Its pretty straight forward since
This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Indicator columns Symbol:  the selected symbols will appear Trend:   bullish or bearish Pattern:  type of pattern (gartley, butterfly, bat, crab, shark, cypher or ABCD) Entry:  entry price SL:  stop loss price TP1:   1st take profit price TP2:  2nd take profit price TP3:  3rd take profit price Current
More from author
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabil
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
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
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou
FREE
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days
FREE
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Auto Chart Alert MT5
Young Ho Seo
3.6 (5)
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A
FREE
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit
FREE
Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was
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 scenari
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for
FREE
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for
FREE
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A
FREE
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
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Time Box Indicator MT4
Young Ho Seo
4.75 (4)
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days
FREE
Introduction to Fibonacci Volatility Indicator 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. Especically, Fibonacci Volatility indicator combines the market volatiltiy with Fibonacci Analysis to provide you more advanced volatiltiy indicator. Main Features Fibonacci Volatility in Z score Configuration Mode Fi
Filter:
Ron Inchess
62
Ron Inchess 2021.07.30 11:09 
 

i am studying and testing for a month...

Moola Ravichandra
143
Moola Ravichandra 2020.11.09 12:02 
 

SUPER BUT NOT SHOWS 11 PATTERNS

z2525
180
z2525 2018.03.12 02:55 
 

Good Work, I bought the indicator, at first it was shocking to see how it scanned the patterns, but after some time with it I felt more confortable with the system, it's really easy to manage your risk with the PCI box, and I was surprised to see patterns reversing even if they were differente from the standart harmonic ratios, I believe the team have done a good computerized research and backtest and are bringing it to the next level with new technology..!

Amin Azzis John
1266
Amin Azzis John 2018.01.12 11:53 
 

I bought this indicator and I find that it lacks a user guide, written user guide. There are many parameters, and most of them are unclear for a novice in the world of harmonic patterns.

There are also many settings on the screen, which we don't know how to disable them, or understand what they are used for.

Arfur Lager
307
Arfur Lager 2014.06.21 14:31 
 

Excellent work! The new version enables back stepping through previous patterns which shows just how often, and to which fib level the price retraces when one of the patterns appears.

Reply to review
Version 11.3 2021.02.01
In version 11.3, Harmonic Pattern Plus will show you which pattern is formed completely and which pattern is not formed completely. This information is available from both single indicator mode and multiple timeframe pattern detection mode.
Version 11.1 2019.10.10
In version 11.1, we have polished up Regression Channel functions. Now you can set the style, color and width of Regression Channel. To use Regression Channel as part of your trading strategy, just set Use Channel = true.
Version 11.0 2019.01.30
In Version 11.0, we have made some improvement over Potential Continuation Zone.
Version 10.9 2018.12.22
Version 10.8, minor work on indicator. All functionality are kept the same.
Version 10.7 2018.11.30
In version 10.7, we have changed line width and lenth for better visibility.
Version 10.6 2018.10.10
In version 10.6, we have added sound alert, email and push notification for 52 Japanese candlestick patterns.
Version 10.5 2018.07.31
In version 10.5, user can control the width of trianlge when the triangle is not filled.
Version 10.3 2018.05.24
In this version, Harmonic Pattern will be shown at ideal point D.
Version 9.9 2017.07.27
In Version 9.9, User can set the pattern matching accuracy for individual point as well as over the averaged MAPE.
Version 9.8 2017.06.22
In Version 9.8, Now multiple pattern locking is allowed. This means that trader can lock as many pattern as he want in the chart. This feature not only protects traders from the repainting and redrawing issues of the classic Pattern trading but also trader can enhance his trading performance by incorporating multiple timeframe patterns analysis at ease.
Version 9.5 2017.04.28
In Version 9.5, Trader have access to Potential Reversal Zone Type A and Potential Reversal Zone Type B.

Potential Reversal Zone Type A: use to predict the reversal point at Point D.
Potential Reversal Zone Type B: use to preduct the future price movement after the pattern is formed.
Version 9.3 2017.03.09
In version 9.3, you can automatically set up your stop loss and take profit by just moving stop loss or take profit level in your chart. This new feature will allow you to have intuitive and more efficient approach of setting your stop loss and profit target from geometric analysis.
Version 9.2 2016.11.15
Updated Feature for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner for version 9.2

Multiple Timeframe Control Feature in Single Chart

This description applied to both Harmonic Pattern Plus and Harmonic Pattern Scenario Planner since both of them are identical 95% of their functionality. Most important feature in this new version is that you can add multiple of Harmonic Pattern Plus controlling different timeframes in one chart. If you wish, you can add 4 harmonic Pattern Plus in one chart controlling M15, H1, H4, D1 timeframe or even more. One limitation when you add multiple Harmonic Pattern Plus is that you can only use the Calculation Timeframe (timeframe to detect patterns) greater than current chart timeframe. For example, if your chart timeframe is H1, then you can only use Calculation timeframe H1, H4, D1, etc. You can not use M15 calculation timeframe for H1 chart timeframe since you can not draw the M15 pattern to H1 timeframe chart.


Custom Take Profit and Stop Loss

In version 9.2, Custom Take Profit and Stop Loss are defined using Pattern Completion Interval (PCI) for more clever setup. 3 Take Profit is equivalent to the 3 x the PCI box range. 1 Stop Loss is equivalent to the 1 x the PCI box range. The ellipses (stretched circle) shows you the potential entry. When your order is placed inside this circle,
your Reward/Risk can range from 1 to 10 or even more in strictly mechanical trading. Why this happen? Do some basic math maybe looking at your chart. Note that this is the potential entry level shown only for your convenience but not limited to creating your own clever trading setup. The ellipses is like the ruler to gauge your potential entry in your preferred Rewards/Risk ratio and it is not an indicator showing direction or etc.


For more details about version 9.2, you can check this link below.

Harmonic Pattern Plus MT5 Comment Section: https://www.mql5.com/en/market/product/4475#!tab=comments&page=4
Version 8.8 2016.10.31
In version 8.8, Harmonic Pattern Plus can detect Harmonic Pattern at every tick level as an option. This is only small minor change from previous 8.6. There is no version 8.7 since we decided to name the latest version to 8.8 from 8.6. When you are detecting patterns at tick level, make sure that you understand it uses a lot more computation which can make your MetaTrader slow. However, this might be useful for traders using Pattern Completion Interval as entry. To detect pattern at every tick level, just set Detect Pattern at Every Tick to True.
Version 8.6 2016.07.26
We have implemted 2 new features succesffully for our tools.

Feature 1: Options to switch on and off each pattern type. With this option, you can switch off or switch on any pattern type as you wish. For example, if you want to turn off Bat pattern from Harmonic Pattern Plus. Yes. You can. You can do the same for the price Breakout Pattern Scanner. For example, if you don’t want to see head and shoulder pattern, then you can just switch off them. How to use this feature is very intuitive. You just need to set the swton on and off in your Indicator Input settings.

Feature 2: Options to filter out small patterns. We will add “Pattern Size Filter” input. With this input, you can filter out small patterns and you can only trade with big patterns. You can use this feature in our Price Breakout Pattern Scanner too as well as with Harmonic Pattern Scenario Planner. Pattern Size Filter is simply done by counting number of candles inside patterns. So Make Pattern Size Filter large, then you will only see large patterns. If you want to see any patterns, then just set Pattern Size Filter = 0.
Version 8.0 2016.06.09
Smart Renko version 6.0, Smart Renko can draw the brick the same level on your chart regardless of amount of historical bars and Meta Trader platforms. To do this, you need to choose the brick height which is the factor of 100 pip or factor of 1000 pips with Brick Height Mode = 0.

For example, you can use Brick Height (in pips) = 10, 20, 25, 50, 100, 200, 500, etc, as they are the fact of 100 or 1000 pips. As long as you are using these brick height, the brick will be drawn in the same level regardless of the amount of historical bars and your brokers. This is really good property as traders can develop strategy universally working across different platform.

This improved version of Smart Renko 6.0 is included in the new update for Harmonic Pattern Plus.
Number of detected patterns can be different according to your brick height and now you can even find that pattern specially formed around psychological number (round number) if this is one of your preferred strategy.

Version 7.8 2016.05.27
In version 7.8, we have fixed the small bug related to Multiple Timeframe Pattern Detection. The bug was found after our update on Renko Filter Implementation in version 7.7.
Version 7.7 2016.05.23
In version 7.7, Harmonic Pattern Plus can detect pattern using Renko Brick calulation. This is equivalent to detect pattern over the dedicated Renko Chart (Imagine that you have opened Renko Chart and then put this indicator over the Renko Chart). So it is very powerful due to less noise in the Renko Chart. The good news is that you don't need a dedicated Renko Chart as this indicators does renko brick calculation at the background using Smart Renko Indicator. So you are hassle free but this indicators will does a lot of work for you.

At the same time, user can choose to detect pattern over normal candle stick too as before. To choose the detection mode, user can use the following variable.

Use Renko Filter for Pattern detection : true or false only

We have currently set the default as Renko Filter Mode.

(Important note, Renko can be calculated using sub time frame. For example, Renko brick can be calculated using M5 or M15 time frame when you actually use this indicator for H1 chart. If the data is loaded, then there is not a problem. But sometime, data loading may be issue. But this is the issue present inside Meta Trader terminal. It might be fixed in the future when new Meta Trader version is released or maybe not. To avoid this issue, your default calculation time for Renko brick calculation is set to current time frame. But you can always change it with your own experiment. In our experience, there can be small difference when you change the calculation time frame. Smaller time frame is generally more accurate. But still higher time frame will do the job too.)
Version 7.3 2016.04.14
In version 7.3, users have a choice over update frequency on pattern detection.

This means that you can choose pattern update frequency at different timeframe from a default one.

For example, if you are using Harmonic Pattern Plus on H1, normally pattern detection will be updated at every 1 hour but now you can even detect pattern at every 1 or 5 minutes instead of every 1 hour.

To do so, simply set Pattern Update Frequency = Period you want (PERIODM1 or PERIODM5, etc.).

This helps you to enter with much better risk/reward ratio.
Version 7.1 2016.04.08
In the version 7.1, If you set the ButtonTextSize = 0, then you can hide buttons from your chart. Really minor update. This is useful feature for user with small screen device.
Version 7.0 2016.03.23
In version 7.0, user can show clustered PRZ lines nicely. But it is possible not to filter PRZ lines and showing raw PRZ lines.
Version 6.6 2016.02.22
In version 6.6, you can switch on or off MTD( multiple time frame detection feature) for each time frame. For example, if you don't use M1 or M5 time frame for your MTD, then just set Use M1 timeframe = false and use M5 timeframe = false in your MTD setting.
Version 6.5 2016.01.22
In version 6.5, Multi Time Frame Pattern Detection (MDT) feature is added if a user wants to check what pattern is formed in other timeframe. It is now possible to check patterns formed across all timeframes without changing your chart or timeframe.

Button "MTD" is used to perform multi Time Frame Pattern Detection. So, press this button to see or hide the multi timeframe pattern panels.

We have also added five input settings in regards to this MTD feature.
If you want to permanently run this MTD feature at every candle, then just set Use Multi Timeframe Pattern Detection = true.

However, this MTD feature requires much heavier computation. Therefore, to run this at every candle, we will leave this to your own choice.

//Use Multi Timeframe Pattern Detection
//Use Sound Alert from MTD
//MTD Panel X coordinate
//MTD Panel Y coordinate
//MTD Panel Update Frequency

Overall, this MTD feature will help traders to make a lot better and more accurate trading decisions.
Version 6.2 2015.11.18
In version 6.2, minor update only. Graphical objects were drawn in background rather than foreground.
Version 6.0 2015.10.26
In version 6.0, Pattern Completion Interval was added. Added the new input variables.

//Show Pattern Completion Interval ('true' or 'false' only)
//Pattern Completion Interval Box Size (default = 4)
//Pattern Completion Interval Box Width (default = 2)
//Pattern Completion Interval Bullish Color
//Pattern Completion Interval Bearish Color
//Pattern Completion Interval Text Color
//Pattern Completion Interval Text Size
Version 5.6 2015.10.15
In version 5.6, Now user can hide buttons on their charts by clicking "BT" button on chart. Minor update only.
Version 5.5 2015.09.23
Linear regression channel alert bug was fixed.
Version 5.3 2015.09.22
In this version 5.3, Custom Risk Control module was added. And the following variables were added.

//Use Custom Stop Loss and Take Profit
//Custom Take Profit: Enter fibo number 0.386, 0.5, 0.618, 0.786, 1.0
//Risk Reward Ratio (Reward/Risk): use more than 1.0
//Custom Take Profit and Stop Loss Line Length
//Custom Take Profit and Stop Loss Line Width
//Custom Take Profit and Stop Loss Text Size
//Custom Take Profit Color
//Custom Stop Loss Color
//Custom Open Price Color
//Show Guided Trading Instruction
//Guided Trading Instruciton X Coordination
//Guided Trading Instruction Y Coordination
//Your Target Success Rate: 55%(0.55) = default
//Your Risk per Trade: 2% (0.02) = default
//Your Target Trade Number: 100 = default


Version 5.1 2015.08.20
In version 5.1, now user can select how many historical bars to scan.

Note that this feature is great so you can study How harmonic pattern evolved through historcal data. This is very powerful feature. For example, you can learn how harmonic pattern worked in 2005 and compare its appearance on 2015. You can apply this knowledge for your trading. Something like this can't be achieved by manual traders.


However, scanning more bars requires a lot more computation time. So please be careful in using this feature. Also maxium number of patterns indicators can search is 1000. So Know this limitation too.


For average traders, 1500 bars (default setting) is more than fine.


Kind regards.
Version 5.0 2015.05.26
In version 5.0, trader can disable direction arrow. Just set Direction Arrow Width =0 to disable the arrow from your chart.
Version 3.9 2015.05.13
In this version, small bug of getting array out of range when you set PRZ depth = 0 is fixed.
Version 3.8 2015.05.05


In version 3.8, New feature 1:


We added Fibonacci projection of followings:

1. Internal Price Retracement (XA)
2. External Price Retracement (BC)
3. Correction of Price Projection (ABCD)
4. Future Price projection (CD, this is existing Fibo retracement from earlier version)


Trader can control depth of these Fibonacci Projection using following variable:

Potential Reversal Zone Projection Depth (0 to 8, 0=no drawing)

value 1: fewer Fibonacci lines (for less sophisticated trading setup)
value 8: more Fibonacci lines (for more sophisticated trading setup)



Also individual Fibonacci projection can be switch on/off by setting these values to zero or other values:

Potential Reversal Zone Line Length for XA (0=no projection)
Potential Reversal Zone Line Length for BC (0=no projection)
Potential Reversal Zone Line Length for ABCD (0=no projection)


Future Price projection (CD, this is existing Fibonacci retracement from earlier version) is identical to and this can be controlled by previous Fibo Display option.




In version 3.8, New feature 2:

Now by just simply clicking over "Symbol" button on your chart, trader can detect new patterns at any tick arrival without waiting for new bar arrival. This is useful if you want to detect patterns before new bar arrivals. (Fast discovery of the patterns)
Version 3.5 2015.04.28
In version 3.5, user can select any pattern to lock on his chart. Of course, user can unlock and delete the locked pattern. This locking and unlocking pattern is done by pressing "Pattern" button on the chart.
Version 3.3 2015.04.13
Version 3.3

1. Added ability to change button text size (Text Size button).

2. Added push notifications for sending messages to mobile terminals.
Version 3.2 2015.03.31
In version 3.2, just changed description of this indicator. (Very minor)
Version 3.1 2015.03.19
In this version, Button has been redesigned for simpler looking.
Version 3.0 2015.02.11
In version 3.0, Candlestick Pattern Detection algorithm was hugely improved by adding intensive statistical pattern matching process.
Version 2.9 2015.01.21
Fixed small issue with Sound Alert.
Version 2.8 2015.01.19
In version 2.8, pattern matching error (%) is added to account for how close the detected patterns are to reference patterns in text book.
Version 2.7 2015.01.05
In version 2.7, now you can select different symbols using buttons on charts. Users now need to open fewer charts and their trading operation become quicker.
Version 2.5 2014.09.24
In version 2.5, Harmonic Pattern Plus can detect 3 drives pattern and deep crab pattern. In addition, with version 2.5, user can build Expert Advisor using iCustom function.
Version 2.2 2014.06.19
In Version 2.2, I added two buttons to replay historical harmonic patterns back and forth. This will help users to develop their trading strategy. Core search engines are remained intact. White background colour is used for chart instead of default chart. White background colour is better when user want to combine harmonic pattern with Price Breakout Pattern Scanner.
Version 1.9 2014.05.28
I found Name of the harmonic pattern on the chart was not displayed correctly in 4 digit broker platform. So I corrected this error.