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Monster Harmonic Indicator

79 USD

Demo downloaded: 8 004

Published: 20 August 2014

Current version: 3.3

Monster Harmonic Indicator

4.59

Indicators
Paul Geirnaerdt
Version: 3.3
Updated: 24 July 2018
Activations: 10

Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone).

Users can add their own user defined patterns to Monster.

Besides the current pattern, Monster also shows all patterns in the symbols history.

Monster will provide alerts for developing patterns.

Introduced by H.M. Gartley and popularized by Scott M. Carney, harmonic patterns are one of the best instruments in the traders' toolkit. While the underlying Fibonacci projections and ratios are fairly complex, this indicator makes detection and discovery of the harmonics patterns easy. Monster gives you the right tool to become a better Harmonics trader.

Settings

Monster's default settings are good enough most of the time. Feel free to fine tune them to your needs.

Show only current patterns? - set to true to detect current patterns only
Show Pattern Projections? - show/hide projected patterns.
Show Invalidated Patterns? - show/hide invalidated patterns.
Minimum Accuracy Percent - minimum accuracy percentage for pattern recognition.
Price Must Touch All Minimum Ratios - set to true to force Monster to touch all minimum ratios, set this if you want the price to touch all minimum ratios and provide even better patterns.
Show 'PatternName' Patterns? - show/hide specific pattern.
Show Pattern Label? - set to true to show the pattern label in the chart.
Show Pattern Accuracy? - set to true to show the pattern accuracy in the chart.
Show Ratio Labels and Lines? - set to true to show the ratios of the pattern in the chart..
Show Initialization User Patterns? - set to true to show the results of the initialization of the user patterns in the Experts tab.
Show Fibonacci Projections in PRZ? - show/hide Fibonacci projections in PRZ.
Show Perfect Ratio Levels? - show/hide perfect Fibonacci projections in different color.
Show Risk/Reward in PRZ? - show/hide risk/reward PRZ.
Show Alerts? - enable/disable all alerts.
Alert Projected Patterns? - enable/disable alerts for projected patterns.
Show Screen Alerts? - show/hide screen alerts.
Email Alerts? - set to true to email alerts.
Push Alert Notifications? - set to true to push alerts.
Color Palette - choose a color palette for a 'Dark' or 'Light' background.
colo(u)rs - you know what to do.
Zigzag parameters - set ZigZag parameters.

The Potential Reversal Zone (PRZ) is split in a Risk and Reward part. The Reward part of the PRZ is the price of the D point of the pattern to the 0.382 Fibonacci retracement from the C or A point (whichever is higher or lower).

User Patterns

Users can add their own patterns to Monster. Just modify the Monster_UserPatterns.csv to include your patterns. The.csv file can be found in the files folder of the User Data Directory. A sample pattern is already included in the file.

Free Demo

Monster will work in the Strategy Tester. It is best tested in Visual Mode as you can see the detected patterns in the display. Try EURUSD on H1 starting January 1, 2017.

Developers

Monster publishes the current pattern through the iCustom() function. See the sample code at the comment #273 (page 14) of the Comments section.

Loose Ends

Monster will only repaint the last point of the pattern (the D point) to its definition, it follows price.

Full Description

Read this blog post for more information on Monster.

more...

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Doyrun 2021.02.01 16:13 #

Very helpful for backtesting!

alexuka 2020.04.27 18:11 #

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

serogen 2018.09.20 12:55 #

just the best for harmonic patterns! (y)

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Pivots is an indicator to show pivots for relevant time frames. Besides the pivots the indicator can also show daly open line, the resistance and support levels, the ADR Fibonacci levels and the order of the pivots. Pivots includes an intelligent algorithm to eliminate Sunday candles, but only if your broker provides those. Pivots are significant price levels that may serve as support, resistance or breakout levels Settings textFont - font to use for the labels. textSize - font size. textColor -

30 USD

The Inside Bars indicator shows Inside Bars, the Breakout Zone and Breakouts thereof. Inside Bars are an important price action pattern. The price action of an Inside Bar is completely covered by the price action of the previous bar. Inside Bars are most often used on higher timeframes. Settings Inside Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. ATR factor to skip large candles - very large candles should be filtered as they often cover othe

30 USD

The Candle Patterns indicator shows popular candle patterns on the chart. The possible patterns are Inside Bar, Large Wick, Engulfing, Marubozu, Hammer, Shooting Star, Three White Soldiers and Three Black Crows. Candles are colored to easily identify the patterns. Also, a point and click function displays the pattern found. Settings Message box - when a candle is clicked, the pattern identified will be shown in a Message Box on the charts. All 'Message Box' settings pertain to the box. Show Ins

30 USD

Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone. Better Support & Resistance gives you the best overview of the important price levels. Settings Better Support & Resistance's default settings are good enough most of the time. N

30 USD

The Engulfing Bars indicator shows Engulfing Bars, the signal and the suggested stoploss and take profit. Engulfing Bars are an important price action pattern. The price action of an Engulfing Bar completely covers the price action of the previous bar. Engulfing Bars are most often used on higher timeframes. Settings Engulfing Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. Show Engulfing Bars - Set to true to show Engulfing Bars. Body size per

30 USD

The Flying Volume indicator is a specialized volume indicator. It deciphers the volume data after heavy proprietary number crunching. When a main signal is found Flying Volume will look for possible continuation points. The main signal is shown by arrows, the continuation points by dots. Volume indicators are most often used on higher timeframes. Features Main Buy or Sell signals Continuation signals No repainting One signal per bar Settings Flying Volume default settings are good enough most

30 USD

Fractalicious shows Fractals of any length, higher or lower highs and lower of higher lows, the fractal channel and the breakout of the channel. Fractals are an important trend and price action pattern. Fractalicious can be used on any timeframe and symbol. Settings Fractalicious default settings are good enough most of the time. Feel free to fine tune them to your needs. Show last fractal - Set to true to show fractals from the last completed bar. (This could move the fractal if the current ba

30 USD

Breakout Hero is a Multi Symbol , Auto Timeframe , Breakout Expert Advisor . It recognizes breakout patterns and will set pending trades. When triggered Breakout Hero will monitor trades and adjust the stop loss. Breakout Hero is a multi symbol EA, it will trade EURUSD, GBPUSD, USDJPY and USDCAD. Also, Breakout Hero is auto timeframe. Just drop Breakout Hero on any chart and start trading. Only one chart is needed, Breakout Hero will trade the symbols you pick from the settings. You can monitor

99 USD

Dark Rider is a Night Scalper Expert Advisor . It recognizes overbought and oversold conditions in the hours after close of the New York Exchange and trades accordingly. Dark Rider features an on screen monitor and settings panel on which you can monitor your status and progress. A signal for Dark Rider can be found here . New in version 1.5 The option 'Stay in trending trades' is new for version 1.5. It will keep you in trending trades. Profitability has been increased while drawdown has bee

149 USD

Diverence Dash is a MACD, RSI, OBV, Momentum, Stochastic or Standard Deviaviation Divergence Dashboard. It will scan all symbols and timeframes you want. Also, Divergence Dash can open charts with the divergence found using the template of your choice. Divergences are often used as a leading indicator and, by using Divergence Dash, are easy to spot. The risk/reward ratio in divergence trading is very low. What can Divergence Dash for you: Find MACD, RSI, OBV, Momentum, Stochastic or Standard Dev

59 USD

NEWS Price increased to $249 from $149 on September 16th. Buy Fusion Trader v2 and get Donchian Trader for free. (limited to 3 account numbers) Fusion Trader v2 is a Multi Symbol , Auto Timeframe , Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v2 is a complete rewrite from v1, it trades different and more symbols. With default settings Fusion Trader has gained 5% monthly on ave

249 USD

Donchian Trader is a Multi Index , Auto Timeframe , Expert Advisor . It features a Donchian Channel strategy for different indices on the daily timeframe. Donchian Trader will monitor trades and adjust to market conditions. Donchian Trader is a multi index EA, For now, it will trade the Dow Jones (US30), S&P 500 (US500) and DAX (GER30). Also, Donchian Trader is auto timeframe. Just drop the EA on any chart and start trading. Only one chart is needed, Donchian Trader will trade the indices

249 USD

MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho

169 USD

NEWS Price v4 now $799 for a limited period. Fusion Trader v4 is a Multi Symbol , Auto Timeframe , Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v4 is a partial rewrite from v3, it trades differently and more symbols. The Scalping system now uses market orders instead of stop orders. It is 100% Metatrader 5 compatible. Fusion Trader v4 is a multi symbol EA, For now, it will tra

799 USD

97 USD

Momentum Horizon is a fully automated trading system built for MetaTrader 5, designed to capture high-probability breakout moves in the Gold market. It focuses on two of the most time-tested price action patterns: the daily breakout of yesterday’s high/low, and the powerful 'London session' breakout, where volatility often surges as global markets overlap. By combining these setups, the system seeks to position itself right where momentum is most likely to accelerate. The EA can operate with pre

169 USD

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1875

Suat Emre 2022.02.18 19:27 #

good product

Doyrun 2021.02.01 16:13 #

Very helpful for backtesting!

1741

faithdefender 2021.01.14 21:21 #

If you have read my reviews, I am consistent with my evaluations. Quality and price! Does the indicator work and is the price commensurate with the quality? This harmonic indicator does, in deed, work. Does it find everything? No. But I own four others and this, for the price and the quality, is one of the better ones that I own. And it permits you to add your own "user defined patterns" which the vendor helped me out with. I will use it for a couple of months and if I make money, I will return with another star. I would like to see Paul address the recommendations above from OFFSHOREX7. 2-12-21 update; I have been unsatisfied with the system I put together. This system has caused me to lose money. I purchased both the Monster Dash and the Monster Harmonic. It appears, after a couple of months of use, the scanner cannot be trusted since it repaints the D point continuously. I think the price is ok for the Monster (if you pay the sale price) but again, it was done as a system and since the two do not work in harmony there is no use in depending upon using the pattern if the scanner is not accurate. The Monster does create patterns. The vendor has not reached out. UPDATE. 8-17-21. No response from the Vendor. Downgrade 1 star. Update 7-23-23. Never heard from the Vendor. Hope that lets others know he is not concerned.

176

lns777 2020.12.25 01:33 #

This indicator has good accuracy, but needs to be combined with an effective strategy and discipline to make it profitable.

839

Nicolas Dobrovsky 2020.11.23 08:41 #

I test this indicator along with divergence. Unfortunately, I have only a 50% success rate.

alexuka 2020.04.27 18:11 #

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

946

Nicola Furini 2019.05.12 18:20 #

User didn't leave any comment to the rating

palmesop 2019.03.06 21:24 #

User didn't leave any comment to the rating

354

ksanaga 2018.10.02 01:31 #

I just purchased this indicator but I am having difficulty installing it on the MT4. When I click on the link "Install on the terminal" in MQL5.com, nothing happens. I verified that the one month subscription (Rented until November 1st)" is available. Can someone share the link to this indicator so I can install the old fashion way? (zip file or download button)?

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Thanks for enabling this software in my first MT4. I would like to add it to a second MT4 and would like to ask for your help again. As before, click on "Install on the terminal" does not work unless you push down to my terminal session (next to trading).

serogen 2018.09.20 12:55 #

just the best for harmonic patterns! (y)

102

sunflower007 2018.08.26 14:07 #

Is the ratio of balance to stop loss 1:1.5?

Is the software setting the most conservative percentage?

209

FIBOMATH 2018.08.19 01:19 #

best pattern indicator. and it will be the greatest if only we can see a pourcentage ratio board of validated pattern/failed pattern on the chart to let the user choose the best setting and the best timeframe... maybe on weekly chart pattern are 100% validated but we cannot know because there is no past history for failed pattern... so it will be a great helps if!!. And also add the "completion max price" level of each pattern on the chart it will help for "the stop loss set up" :) thanks for you patience sir Paul :) i hope we will see these two revolution on the next update!!! you the man! 5 stars here!

262

Peterson Ndugga 2017.10.13 03:29 #

Software is a scam/gabbage.

9049

Cristian Eriksson 2017.09.05 18:08 #

After all the updates removing the clutter, I can finally say that this is an excellent product. But beginners don't get your hopes too high, you'll stil need to lern to trade these formations manually to make full use of this indicator. But lerning theses things manually and where to find them is an amazing skill that you'll never regret.

Remco De Lil 2017.08.23 20:26 #

User didn't leave any comment to the rating

RHarmonic 2017.08.04 20:32 #

Great!

196

ibdejesus 2017.07.21 11:36 #

Great indicator for finding patterns! A word of caution though that seeing a pattern doesn't mean you should trade it.

182

Daniel Sesay 2017.07.01 15:57 #

Pretty good so far. Harmonics is what it is, this just takes the load of plotting on each chart. The theory stands up relative,not a holy grail there is lots of stuff out there, no matter what anyone does people will lose money as emotions take over. I am pleased with this, great coding!

267

Jose Saul Martinez 2017.06.27 20:05 #

I have download it I rent it for 1 month first day of work is doing what it says on description...

I will write a second review before the end of my rent period.

Thanks...

241

zufferey 2017.06.12 10:52 #

Great indicator! Thanks a lot! five stars!

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