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Elliott Wave Indicator YouTube Video
Elliott Wave could be complex trading solution in its original form. However, it can be simplified with Pattern and Template approach typically used in Artificial intelligence and data mining approach. Based on this idea, we have created a powerful Elliott Wave indicator.

This YouTube video can help you to understand how Elliott Wave indicator can help you with your trading with the implemented Pattern and Template Approach. Check out the video link below.

YouTube Video: https://www.youtube.com/watch?v=Oftml-JKyKM

Here is an article you can read as well as above YouTube videos.

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

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

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

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

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

Guide to Profitable Patterns in Financial Market
Profitable Patterns include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave Patterns, X3 patterns as well as many other tradable patterns.

Some people might be curious how they are different from technical indicators widely used by trader like MACD, RSI, Moving average, etc.

Let us put things simply like this. Technical indicators are based on applying some calculation or algorithm on the series of historical prices.

Patterns are those geometric shape you can draw in your chart by connecting several price points.

Loosely speaking, patterns are drawing and technical indicators are math. Of course drawing (i.e. pattern) is much easier to understand in comparison to math.

Scientifically reproducible patterns are profit generating tools for trader.

Hence, profitable patterns are the good buy and sell signal generator in financial market. It provides you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.

In addition, it is useful because it is extremely easy to combine with other analysis technique in your trading decision.

In this short book, we provide the winning logic of profitable patterns in Forex market + how the combined money management can grow your capital ahead of other trader.

In this book below, we explain how to make the best use of profitable patterns for your trading. What is even better, we have included the bonus chapter of support and resistance.

Amazon: https://www.amazon.com/dp/B07VQKLSNW/

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

Profitable Pattern Scanner is the most powerful pattern recognition software in the market. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading.

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

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

https://www.mql5.com/en/market/product/41993

Introduction to Advanced Price Pattern Scanner (Non Repainting)

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

Detectable Patterns

Following pattern can be detected.

1) Triangle (Pattern Code = 0)

2) Falling Wedge (Pattern Code = 1)

3) Rising Wedge (Pattern Code = 2)

4) Double Top (Pattern Code = 3)

5) Double Bottom (Pattern Code = 4)

6) Head and Shoulder (Pattern Code = 5)

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

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

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

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Main Functionality

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

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

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

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

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

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

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

Below are the links to Advanced Price Pattern Scanner.

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

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

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

You can also use this product together with Peak Trough Analysis tool. Peak Trough Analysis is free tool for everyone.

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

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

1. MT5 Harmonic Pattern Plus

One of the first automated MT5 Harmonic scanner. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.

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

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

2. MT5 Harmonic Pattern Scenario planner

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

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

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

3. MT5 Profitable Pattern Scanner

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

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

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

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

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

Identifying Corrective Wave in Elliott Wave
This is really quick guide on how to identify Corrective Wave in Elliott Wave. In Elliott wave, the corrective wave has the structure of Wave abc. We can have simple five steps to identify Elliott wave ABC with Structural Score.

Step 1: Look for 2 x EFW in the indicator window

Step 2: Click Correct button from menu

Step 3: Click over 2 x EFW button in indicator window

Step 4: Click Draw Line button

Step 5: Double Click on Wave C to check Wave Score

Also note that Structure Score over 85% is good and acceptable typically.

Also provided price level is an important support and resistance for your trading.

This is really quick guide line on how to use Elliott Wave Trend. We provide more articles and manuals on our product page.

Here is the links to our Elliott Wave Trend:

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

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

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

Showing Historical Patterns in Profitable Pattern Scanner

In trading, you get your profits as good as your tools and knowledge. Profitable Pattern Scanner is the superb Harmonic Pattern and Elliott Wave Pattern Indicator using the next generation pattern detection algorithm (The first Non Repainting + Non Lagging Harmonic pattern indicator.). To understand and to test your strategy, simply increase bars to scan to some higher number like 5000 or 10,000. Initially bars to scan is set to 250 to save some computation but you can increase as many as you can to just check your strategy. Screenshot shows how to do it.

1. Optimize your Strategy per symbol and per timeframe

As you can see, Harmonic Pattern and Elliott Wave pattern will perform differently per symbol and per timeframe. Hence, check history signals per symbol and per timeframe to optimize your strategy per symbol and per timeframe. While you are studying these patterns with Profitable Pattern scanner, you will gain more and more knowledge and skills for your trading.

2. Secondary Confirmation to improve your profits

To improve success rate, make sure that you are studying various indicators and filters together with the historical signal patterns in the scanner as secondary confirmation. In my opinion, you will gain practical knowledge within few weeks whereas other harmonic pattern trader takes typically 1 to 3 years to grab knowledge of harmonic pattern trading (and 2 to 4 years for Elliott wave trading). This is great advantage with this non repainting indicator.

3. Set Bars to Scan input = default in live trading to save computation

Another important note is that make the “Bars to Scan” input to 250 after you have finished your studying with historical signal patterns. If you leave Bars to Scan = 10,000, etc, this would be too heavy for your MetaTrader. For your live trading, set Bars to Scan = 250 or as small as possible. Since live trading results and historical signals are the same, you will not get lost anything even if you set Bars to Scan = 250 or other reasonably small number.

4. Simple and Easy to trade

Beside all this sophisticated technology running before your PC, trading with profitable pattern scanner is easy and simple to trade because of its non repainting features. Just study your charts and trade with what you see from your charts.

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

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

https://www.mql5.com/en/market/product/41993

Generating Income with Profitable Patterns in MetaTrader 5

Profitable Patterns are Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave Patterns, X3 patterns as well as many other tradable patterns .

Profitable patterns are the good buy and sell signal generator in financial market. It provides you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.

In addition, it is useful because it is extremely easy to combine with other analysis technique in your trading decision. In this short book, we provide the winning logic of profitable patterns in Forex market + how the combined money management can grow your capital ahead of other trader.

In this book below, we explain how to make the best use of profitable patterns for your trading. What is even better, we have included the bonus chapter of support and resistance.

Amazon: https://www.amazon.com/dp/B07VQKLSNW/

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

Below is the Harmonic pattern, Elliott Wave patterns and X3 pattern detection tools developed for MetaTrader 5 platform.

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is accessible for free of charge for any trader from all over the world. More and more brokers are now offering MetaTrader 5 trading options even including US based firms.

We provide a range of powerful Profitable Pattern Scanner particularly designed for MetaTrader 5 platform. Below is the list of tools doing the job for you:

1. Harmonic Pattern Plus MT5

One of the first automated Harmonic Pattern scanner released in 2014. It can scan 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.

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

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

2. Harmonic Pattern Scenario planner for MT5

It is an advanced Harmonic Pattern Scanner. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern scanner is loved by many traders.

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

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

3. Profitable Pattern Scanner for MT5

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

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

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

Harmonic Pattern Detection Indicator MT4
Trading Indicator is the realization of particular theory or trading strategy or trading ideas for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.

Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.

Type 1: Non lagging (fast signal) but repainting

option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.

Type 2: Lagging (slow signal) but non repainting

no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 3: Detecting pattern at point C but repainting

option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.

Type 4: Non lagging (fast signal) and non repainting

option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.

MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide a range of powerful harmonic pattern detection indicator particularly for MetaTrader 4 platform. Below is the list:

1. Harmonic Pattern Plus (2014)

Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

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

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

2. Harmonic Pattern Scenario Planner (2014)

With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.

Below are the Links to Harmonic Pattern Scenario Planner

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

https://www.mql5.com/en/market/product/6240

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

3. Profitable Pattern Scanner (2019)

Profitable Pattern Scanner is next generation tools to detect profitable patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect advanced Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. This is type 4 harmonic pattern detection indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.

https://www.mql5.com/en/market/product/41993

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

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

Most advanced Elliott Wave Software for your Trading

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

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

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

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

Link to Elliott Wave Trend.

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

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

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