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Intro Video for Advanced Price Pattern Scanner

Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detects many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check the YouTube Video titled as “Intro Video to Advanced Price Pattern Scanner”. This video covers some basic operation with Advanced Price Pattern Scanner in MetaTrader.

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

Below is the direct link to Advanced Price Pattern Scanner. As usual, we provide it for both MetaTrader 4 and MetaTrader 5 platforms.

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

Supply Demand Zone Indicator on MetaTrader 4

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 supply demand zone indicator particularly designed for MetaTrader 4 platform.

Here is the list of Advanced Supply Demand Zone Indicator. These supply and demand zone indicators are rich in features with many powerful features to help you to trade the right supply and demand zone to trading.

Mean Reversion Supply Demand on MetaTrader 4

Mean Reversion Supply Demand indicator is our earliest supply demand zone indicator and loved by many trader all over the world. It is great to trade with reversal and breakout. You can also fully setup your trading with stop loss and take profit target. Please note that Mean Reversion Supply Demand is the excellent tool but it is repainting supply demand zone indicator.

Below are the links to MetaTrader 4 version of the Mean Reversion Supply Demand indicator.

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand

Ace Supply Demand Zone Indicator on MetaTrader 4

Ace Supply Demand Zone indicator is our next generation supply demand zone indicator. It was built in non repainting and non lagging algorithm. On top of many powerful features, you can also make use of archived supply and demand zone in your trading to find more accurate trading opportunity. Ace Supply Demand Zone indicator is the non repainting supply demand zone indicator. If you prefer the non repainting indicator, then you must use Ace Supply Demand Zone Indicator.

Below are the links to MetaTrader 4 version of the Ace Supply Demand Zone indicator.

https://www.mql5.com/en/market/product/40076

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone

In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to accomplish the supply demand zone indicator.

YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo

For your information, both indicators provides many powerful features to complete for your trading. You can also use this indicators together with Harmonic pattern and Elliott wave pattern indicators.

Harmonic Pattern – Predict Turning Point

Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy. If you are harmonic pattern trader, then you must read this article.

https://algotrading-investment.com/2019/07/07/patterns-are-the-good-predictor-of-market-turning-point/

In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

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Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each harmonic pattern indicator.

Harmonic Pattern Plus

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

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

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

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

Harmonic Pattern Scenario planner

It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.

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

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

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

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Just check the X3 Chart Pattern Scanner below.

Link to X3 Chart Pattern Scanner

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

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

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

Excessive Momentum Indicator and Trading Operation

Excessive Momentum Indicator automatically detects the broken balance between supply and demand in the financial market. Detection of this broken balance provides the great market timing for the entry and exit for our trading. In this short article, we explain some of the controllable inputs in the Excessive Momentum Indicator.

There are the four main inputs, controlling the calculation process of Excessive Momentum Indicator. They are:

* Bars To Scan: amount of candle bars to calculate the indicator. Choose bigger numbers if you want to see the calculation over longer historical period.

* Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It can stay between 0.1 and 0.5. In theory, it can go up to 1.0. However, you will not get many signals to trade. The default setting is 0.1. You can try various Momentum Strength Factor to optimize your trading performance if you wish.

* Equilibrium Fractal Wave Scale: This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.

* Detrending Period: This input controls the statistical calculation in the algorithm. It should stay between 20 and 50.

Above four inputs are important because they can affect the number and quality of trading signals. You can use the default setting most of time. However, it is also possible that you can try different inputs and check how they perform in the historical data. Rest of inputs are probably self-explanatory from their name.

Now, let us cover the trading signals. In the Excessive Momentum indicator, you get two signal alerts. Firstly, you will get alert when the Excessive Momentum is starting in the market. In this case, it will notify you the starting price. At this stage, the excessive momentum is not completely expanded yet.

Secondly, you will get alert when the Excessive Momentum is completed in the market. At this stage, you will be notified both starting price and ending price of Excessive Momentum.

Both starting price and ending price of Excessive Momentum form the Excessive Momentum Zone. At which signal you want to trade is up to your choice. You can use the zone as the breakout trading when the zone is narrow. When the zone is sufficiently large, it might be possible to aim some reversal trading opportunity too.

At the same time, this Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version).

YouTube Video 1: https://youtu.be/oztARcXsAVA

YouTube Video 2: https://youtu.be/A4JcTcakOKw

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Below is the landing page for Excessive Momentum Indicator.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Here is the link to Volume Spread Pattern Indicator (Paid and Advanced Version).

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Here is the link to Volume Spread Pattern Detector (Free and Light Version).

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

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://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/6240

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

3. X3 Chart Pattern Scanner (2019)

X3 Chart Pattern Scanner is next generation tools to 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://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Fractal Pattern Scanner – Trading Operation

In this short article, we will explain the trading operation with turning point probability for Fractal Pattern Scanner in MetaTrader and in Optimum Chart. Fractal Pattern Scanner provides three main features. The three features include:

1. Turning Point Probability Measurement (Essential feature that you can use everyday)

2. Breakout and Reversal Trading Signal Detection with Mother Wave detection

3. Automatic Gann Angles (Bonus feature and optional use only)

The turning point probability measurement is the essential to your daily trading. The turning point probability basically quantifies the price action in your chart. Quantifying the price action will provide you the another level of trading experience. Capability to access the turning point probability in one button click is really handy feature for every day trader on the earth. In addition, Fractal Pattern Scanner provides the probability scanning capability across all timeframe. You can also switch on and off the multiple timeframe pattern detection. When you set Detect Mother Wave = false, you can run the Fractal Pattern Scanner as the pure probability machine.

The turning point probability is a powerful tool that you can use it as both reversal trading or breakout trading within your technical analysis. You can watch this YouTube video titled as “Breakout Trading vs Reversal Trading” in this link below to get some hands on practice with breakout and reversal trading opportunity with Fractal Pattern Scanner.

YouTube Video Link: https://youtu.be/UbORmOacKIQ

Mother wave pattern detection can be considered as the statistical representation of the Elliott Wave Theory. For example, Mother wave pattern detect the pattern inside pattern structure, where small patterns are jagged inside big pattern, like the Elliott Wave pattern. We can use this pattern inside pattern to trade both reversal and breakout trading. Fractal Pattern Scanner does the excellent job in detecting these signals automatically. When you set Detect Mother Wave = true, then Fractal Pattern Scanner will detect trading signal using Mother wave pattern detection. Even in that, you can also perform both breakout and reversal trading automatically.

If you want to use Breakout Trading Mode, then set Detect Breakout Opportunity = true.
If you want to use Reversal Trading Mode, then set Detect Breakout Opportunity = false.
You can also watch the YouTube Video titled as “Breakout Trading Signal Explained” to understand the breakout trading with mother wave detection.

YouTube video link: https://youtu.be/4XGuMIMaV6w

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Mother Wave Pattern Explained further

The idea behind the Breakout trading with Mother wave is to detect mother wave relatively young and fresh. Those young and fresh mother wave will be typically found in the low turning point probability area. Then what does “First Child Price Probability” input do ? It is the criteria for how small first child wave could be when the mother wave pattern is detected. If this is even hard to understand, then you can think it is the size of mother wave.

If you set the First Child Price Probability = 30%, then Fractal Pattern Scanner will detect first child wave with its size less than 30% amplitude. Likewise, if you set the First Child Price Probability = 50%, then Fractal Pattern Scanner will detect first child wave with its size less than 50%. For your information, the detected mother wave patterns does not provide any sort of geometric regularity detection in the case of breakout trading. We have taught you several geometric regularity detection like support, resistance and triangle and wedge patterns. You will need similar sort of operation here.

In the reversal trading mode with Mother Wave, the size of first child wave is no longer required to be controlled. However, we can control the size of Mother wave. The idea behind the reversal trading mode is to detect mature mother wave pattern that are likely to make reversal movement. Hence, it is better to find these mother wave patterns in high probability area in the probability graph.

For this reason, we have set the mother wave price probability = 80%. You can set even higher number if you wish. When you are using reversal trading mode, we provide automatic Fibonacci expansion to help you to decide the final turning point. This is sort of geometric regularity you can use. But you can use any other geometric regularity we have taught you in our articles and books too like Harmonic Pattern or Elliott Wave patterns, etc if you are good with them.

Here is some important tips. From our experience, some Forex symbols are better with breakout trading mode. Some Forex symbols are better with reversal trading mode. To find out the best trading approach, just set Bars to Scan = 6000 or higher. Just find how each trading mode is profitable in the chart.

You can also use strategy tester for this purpose too. When you are using the strategy tester, then set Calculating with Trailing Data = true. This will tell the Fractal Pattern Scanner to calculate the probability with trailing data (i.e. technical analysis approach) rather than the statistical approach. When you are using technical analysis approach, the probability will be calculated like other technical indicators like Moving average indicator or RSI indicator using trailing data. In statistical approach, the entire data will be used to calculate probability.

Statistical approach and technical analysis approach does not matter for the latest pattern to trade. It is only matter for historical patterns for your information. I personally prefer to calculate the probability using Statistical approach because it provides the identical probability across all price series.

I guess it is too much mathematical talk. I will cut it out. If you do not want to think, then just remember these two cases.

A. If you want to see the historical patterns in your chart, then set “Calculating with Trailing Data” = false.

B. When you are using the strategy tester, then set “Calculating with Trailing Data” = true.

Landing Page to Fractal Pattern Scanner

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

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

Landing Page to Optimum Chart

https://algotrading-investment.com/2019/07/23/optimum-chart/

Smart Renko Basics

Here we will explain how to use Smart Renko in brief. Since renko chart is already popular tools among trader, we will leave out too much details here. You can always google the keyword Renko chart to know more about how to trade with renko chart.

Smart Renko is a hybrid between renko chart and candlestick chart. Smart Renko keeps the spread view of the renko bricks on the candle stick chart and then it also keeps the normal renko chart on the bottom.

The advantage of Smart Renko is that you can use the analysis of renko chart together with the analysis of candlestick chart at the same time.

Just like normal renko chart, Smart Renko chart need to decide the good number for brick height. From my experience, you can the brick height near the 1 standard deviation. However, you must use the brick height in the round number because standard deviation might come in decimal numbers. So be sure to round up those decimal numbers into good integer numbers.

Another consideration is that your brick height should be in the factor of 100 or 1000 pips for your trading. That is like 5, 10, 20, 25, 50, 100, etc. From my experience, these factored number can serve better for your brick height. If you do not choose sensible brick height, then you might not able to see anything on your charts. So be sure to choose the sensible brick height.

Finally do not forget that in Smart Renko, your analysis in Renko chart can be transferred to Main chart by double clicking over the Trend lines.

If you want to dig deeper, please google on renko chart. You will see a lot of articles about Renko charts and how to trade with them.

https://www.mql5.com/en/market/product/9911

https://www.mql5.com/en/market/product/9944

https://algotrading-investment.com/portfolio-item/smart-renko/

In addition, some feature of Smart Renko is built inside the Price Breakout Pattern Scanner.

Here are the links for the Price Breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

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

Ace Supply Demand Zone Indicator – How to Remove Take Profit and Stop Loss Levels

One of the greatest advantage of Ace Supply Demand Zone indicator is that it provide a flexible Profit and stop target for your trading. After you have learnt how to use this profit targets, now you want to learn how to remove them. Of course, there is a way to remove them. The trick is simply moving the stop text above the Entry text (for the case of buy). You will do the opposite for the case of sell. In the screenshot, the bottom image describe how to remove the targets from your chart.

There is another approach to remove take profit and stop loss targets. We provide the shortcut in keyboard for doing the same task. Simply hit “z” button in your keyboard. This will also remove the stop loss and take profit targets if you do not need them any longer.

Below is link to Ace Supply Demand Zone Indicator.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

How to Ride the Price Swing or Fractal Wave in Forex – Must Read

In this short article, we will share some practical tips to ride the price swings (or Fractal wave) in Forex and Stock market. Please read this article for your own good as it does not cost you anything. Forex trading is basically the decision making process over the market entry and exit. The most important variable you need to watch is the price. You need to watch how the price evolves with time. Hence, we will share the best way to calculate the market timing.

Step 1: open the chart. This is the first requirement for any trading. You need to see the price to learn what is going on in the market. Especially, when you apply the peak trough analysis in your chart, you will see lowest and highest points marked automatically. This lowest and highest points are basically the price swings happened in the past. You need use these price swings to read the market rhythm before making your trading decision.

Step 2: Look for the important horizontal support and resistance or diagonal support and resistance. In this example, we have drawn the horizontal support line for the visual illustration of this process. Marking up the support and resistance is simple task with peak trough analysis in your chart. Never underestimated them. It can takes as little time as 2 to 3 minutes to draw one or two important lines.

Step 3: Here is the most important part. As in our example, the price is heading to the horizontal support line, we need to assess how risky to take the reversal or breakout trading around this horizontal support line. Now we apply our turning point probability graph to assess our opportunity for reversal or breakout. Turning point probability will be measured between the point A and the point B. That is one price swing or fractal wave. Now let us have a look at the number.

From the turning point probability graph, at the point B, we can tell the followings:

the turning point probability in price is 38%
turning point probability in time is 37%
In another words, at the point B, we can tell the followings:

the trend probability in price is 62% (1 – 38%)
trend probability in time is 63% (1 – 37%)
Interpreting this probability, we can tell that the current price level is little bit immature to expect the reversal movement. If price go down further and it touches the horizontal support line, then we can tell the followings:

the turning point probability in price is 45%
turning point probability in time is unknown now. Depending on how fast or slowly price come down, it might go over 50%.
In Step 3 analysis, there are two important points for you to understand. Firstly, this trading opportunity is not entirely favoring the reversal trading. There are some cases which your chance for reversal trading is much higher comparing to the breakout trading chance. The step 3 analysis will usually help you to find out that. Secondly, since the certainty is not too high, this recommends you to position size carefully. In another words, you need to think about the mild position size rather than the big position size. Even more simply speaking, reduce the lot size for your forex trading. Then depending on the surrounding market condition, you can conditionally increase or reduce the position size. Checking the surrounding market condition is the final check up. If the surrounding market condition is not favoring your trading direction, it is good to skip this opportunity.

In long run, we recommend you to follow step 1, step 2 and step 3. Especially, step 3 is the most important analysis as you have the opportunity to access your risk in your trading. Typically, visualizing one’s trading decision is not an easy task. Hence, this article is not meant to provide the exhausted list of the analysis steps but use as only some base guideline. We hope you enjoy this short practical guideline. There are more educational articles in this link below.

https://algotrading-investment.com/2019/07/23/trading-education/
https://algotrading-investment.com/2020/04/26/metatrader-and-optimum-chart-manuals/
For the time being, there are only two tools that can measure the turning point probability in price and time. First one is the Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5. Second one is the Optimum Chart.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

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

The screenshot is massive. Sorry for the downloading time.

Volume Spread Analysis Indicator List

We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.

These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.

Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.

Here is the link to Volume Spread Pattern Indicator.

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you must use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector.

Here is link to Excessive Momentum Indicator.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.

https://algotrading-investment.com/portfolio-item/volume-zone-oscillator/

Volatility Indicator for Day Trading

Volatility indicator can help you to detect any statistical advantage for your day trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend using the Volatility indicator together with your strategy. Without the volatility indicator, you can make small and big mistakes often. We provide the advanced volatility indicators for MetaTrader 4 and MetaTrader 5 platform.

Fibonacci Volatility Indicator

Fibonacci Volatility indicator can provide the market volatility in visual form in your chart for your trading. You can use Daily, Weekly, Monthly and Yearly Volatility for your trading. The most important application of this Volatility indicator is to detect the potential breakout area, potential bullish reversal area and potential bearish reversal area. When you want to visualize the Volatility for your trading, this is the best tool available in the market. Additionally, you can also use the Movable Volatility indicator and you can set the alert at low and high volatile area in your chart.

https://www.mql5.com/en/market/product/52671

https://www.mql5.com/en/market/product/52670

https://algotrading-investment.com/portfolio-item/fibonacci-volatility-indicator/

Harmonic Volatility Indicator

Harmonic Volatility indicator also provides the market volatility in visual form in your chart for your trading. This tool can be used to visualize the Daily, Weekly, Monthly and Yearly Volatility. The difference between Harmonic Volatility indicator and Fibonacci Volatility indicator is that you can only use Probability Configuration mode in the Harmonic Volatility indicator whereas in the Fibonacci Volatility indicator you can access both Probability Configuration and Z Score configuration. This is cheaper than Fibonacci Volatility indicator. Hence, this is the light version of the Fibonacci Volatility indicator.

https://www.mql5.com/en/market/product/29008

https://www.mql5.com/en/market/product/29004

https://algotrading-investment.com/portfolio-item/harmonic-volatility-indicator/

Double Harmonic Volatility Indicator

This is the cheapest Volatility indicator. This indicator is specialized in the Movable Volatility indicator mostly. Hence, if you only need the Movable Volatility indicator and you want to have more cost effective tool, then use this. However, if you want to have more choice in the Volatility visualization, then use either Harmonic Volatility indicator or Fibonacci Volatility indicator.

https://www.mql5.com/en/market/product/23779

https://www.mql5.com/en/market/product/23769

https://algotrading-investment.com/portfolio-item/double-harmonic-volatility-indicator/

GARCH improved Nelder Mead – Free indicator

This is free Volatility indicator that implements the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) methods with Nelder Mead algorithm. This is bit of experimental indicator to realize the GARCH (1,1) model. Hence, we provide this indicator for free. It would be interesting to see how this Volatility indicator works for your trading.

https://www.mql5.com/en/market/product/6918

https://www.mql5.com/en/market/product/6910

https://algotrading-investment.com/portfolio-item/garch-improved-nelder-mead/

Repainting and Non Repainting Harmonic Pattern Indicator

Here is some quick guide on repainting and non repainting Harmonic Pattern indicators. Pattern Scanner based on Fractal Wave detection algorithm can be either repainting or non repainting one. In our products, we provide two choices between repainting and non repainting. Their capability and their price is different.

For Harmonic Pattern Scanner,

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the powerful but they are the repainting Harmonic Pattern Scanner. At the same time, they are cheaper. Below is links for them.

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/

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them.

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/

Typically it is easier to trade with non repainting and non lagging Harmonic Pattern indicator. Of course, the signal will be reserved once they are detected. Hence, if you do not mind the cost, we recommend to use X3 Chart Pattern Scanner since it is non repainting Harmonic Pattern and X3 pattern indicator.

However, if you do not mind repainting Harmonic Pattern Indicator and you want to have something cheaper, then use Harmonic Pattern Plus (or Harmonic Pattern Scenario Planner). Many traders are still do not mind to use the repainting Harmonic Pattern Indicator. They are cheaper too.

If you are starter, we do recommend using non repainting Harmonic Pattern Scanner like X3 Chart Pattern Scanner. It is easier to trade with non repainting indicator. At the same time, there are a lot of bonus features inside X3 Chart Pattern Scanner too.

For your information, we are the only one who supply non repainting and non lagging Harmonic Pattern Indicator in the world. Of course, the first one in the world too.

Excessive Momentum Trading

Excessive momentum is an important clue in our trading as well as the sideways market. You can consider Excessive momentum as the opposite concept to sideways market. So why Excessive momentum is important signal in our trading? Imagine that you are pouring some milk in your cup. It is fine until it is overflow. When milk is starting to get split from our cup, we realized that we need to take some correction.

This analogical concept can be applied to our trading too. Simply speaking, Excessive momentum can signal us that market can go through some brand new action from the existing trend. It might be turning point opportunity or reversal opportunity. Around this Excessive momentum area, market is more predictable. In addition, you have an opportunity to become early enterer with good profitable range.

Before, trader did not have a good tool to catch an excessive momentum but now we have the Excessive Momentum Indicator designed to catch Excessive momentum automatically in your chart. Good news is that this entry is more accurate with Excessive momentum than without Excessive momentum presents. Hence, Excessive momentum is ideal location to place your trading. Excessive momentum area is marked up as triangle in Excessive Momentum indicator.

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

Applying Turing Point Prediction in Forex Market

In this article, we provide an explanation on how to apply the turning point prediction in Forex Market. Here we will be using Swing Size and Swing Age variable to identify the turning point probability for each price swing.

Swing Age is the count of candle bars from latest bar to the swing right end.
Swing Size is the count of candle bars from the swing right end to swing left end
As these two variable provides you the relative coordinate of the right end and left end of the price swing, you can locate the turning point value for each price swing. Check the screenshot to clarify your understanding.

In terms of application, the turning point prediction is useful as it quantifies your risk for trading between 0.0 and 1.0 (or 100%). Quantification in your trading is always good because you have something to stick as a guidance for your trading. When you do not have the guidance, you will often find that your emotion will ruin your trading.

There are two basic concepts in regards to the probability and some advanced concepts in regards to Mother Wave and Child Wave. For your own good, everyone should understand the basic concepts if you want to improve your trading performance in long run.

In the first basic concept, if the price reaches the turning point probability above 0.7 (or 70%), in this turning point probability range, you can look for the potential reversal opportunity. In another words, it is the good point to detect the directional change in the market. It could be either correction or global turning point.

In the second basic concept, if the price reaches the turning point probability between 0.0 and 0.5 (or 50%), you can find the good breakout opportunity. In another words, it is the good point to detect the continuation in the price movement. We will omit the advanced concepts here as it was already explained elsewhere.

If you do not have an access to the Turning Point Prediction, then it is fine as we provide the Turning Point Prediction for Forex Market for free. Anyone can access the standard turning point prediction for your day trading for free of charge from the link below.

https://algotrading-investment.com/2020/10/23/price-prediction-for-day-trading/

At the same time, if you want to have the scanner for the MetaTrader 4 or MetaTrader 5, here is the links to Fractal Pattern Scanner. In Fractal Pattern Scanner, you can access the turning point probability scanner + mother wave breakout signals, reversal signals, and many more advanced features.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

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

Supply and Demand Zone with Harmonic Pattern Indicator

Supply and Demand Zone are the most important concept for your trading. Supply and Demand zone can be effectively combined with Harmonic Pattern Indicator to improve your trading performance. This is not about the number but about geometry. Your ability to combine these geometry together with Harmonic Pattern Indicator can typically form the secret trading recipes for your successful career. Here is the list of Supply and Demand Zone Indicator that can go together with your harmonic pattern indicator.

Mean Reversion Supply Demand

Classic supply and demand zone indicator. This tools is the great to produce highly accurate supply and demand zone.

https://www.mql5.com/en/market/product/16823

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

Ace Supply Demand Zone

This is also great supply and demand zone tool extending the ability of Mean Reversion Supply Demand. What is even better? This is non repainting one. This is the great tool for different level of trader.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

Using Japanese Candlestick Patterns with Harmonic Pattern Plus

Harmonic Pattern Plus is the powerful harmonic pattern trading system with highly engineered functionality. Properly used, this tool can yield excellent trading results. One of the trading system built inside Harmonic Pattern Plus is the Japanese candlestick patterns. Japanese Candlestick Pattern provides visual insight for buying and selling momentum present in the market. Japanese candlestick pattern can provide both entry and exit signal for traders. Hence, many traders use them as the secondary confirmation techniques.

In the trading community, Japanese candlestick patterns were the favorite trading tool of many traders. Hence, Harmonic Pattern Plus provides you the opportunity to combine the Japanese candlestick pattern with Harmonic Pattern Trading setup. Harmonic Pattern Plus can detect 52 different Japanese candlestick patterns. These Japanese candlestick patterns include “Hammer”, “Doji Star”, “Harami”, “Inverted Hammer”, “Break away” and so on. They are categorized under five categories including one, two, three, four and five candlestick patterns in Harmonic Pattern Plus.

To use Japanese candlestick patterns, you have to enable the candlestick pattern from Harmonic Pattern Plus. See the attached screenshot firstly. You can enable this function from the inputs tab in your MetaTrader after the Harmonic Pattern Plus is attached to any of your chart. Then you can switch on and off the individual category of patterns according to your preferences. For example, you can only use two or three candlestick patterns if you wish. From our observation, the Japanese candlestick patterns made up from two or three bars are more accurate than the Japanese candlestick pattern made up from one bar. Since you can check the historical pattern, you should be able to test your strategy with these Japanese candlestick patterns if you wish. In addition, you can also receive sound alert, email and push notification when new Japanese candlestick patterns are detected.

Although the Harmonic Pattern Plus is the repainting indicator, it is still at the affordable price with tons of features for your Forex trading. At the same time, it is non lagging indicator too. If you do not mind the repainting, then you can choose the Harmonic Pattern Plus. You will find the many additional features inside Harmonic Pattern Plus beside the Harmonic Pattern and Japanese Candlestick Pattern detection. For example, pattern completion interval can be used for the trading risk management and automatic channel can be used to find better reversal and trend following opportunity and many more. We hope this short article was helpful for you to understand how to unlock the Japanese Candlestick patterns from Harmonic Pattern Plus. We wish you the best trading experience in Forex market.

Below is the landing page for Harmonic Pattern Plus with Japanese Candlestick Pattern Features.

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

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

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

You can also watch our YouTube Video titled “Japanese Candlestick Patterns Versus Harmonic Pattern” to understand more about the joint use of Japanese Candlestick Pattern and Harmonic Pattern.

YouTube: https://youtu.be/VICCXRhkXEg

Or You can watch this Video directly from our website.

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.

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

Box Breakout Trading with Supply and Demand Zone

Ace Supply Demand Zone comes with non repainting supply demand zone detection with many powerful advanced features. Non repainting supply and demand zone is handy for your trading because you do not lose your signal.

One additional trading tactics with our non repainting supply demand zone is box trading for breakout. When the supply and demand zone are adjacent and paired to form a box. This is great opportunity for breakout.

The condition for box trading for breakout is that we need a pair of demand zone and supply zone in adjacent as shown in the screenshot.

How to trade with it ? It is very similar to Sideways market trading. You will take the entry when the price try to move outside the box.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

When you perform this sort of box trading, it is much more convenient to use our Ace Supply Demand Zone indicator. With repainting supply demand zone, this type of box trading is probably more difficult.

Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

Multiple Timeframe Analysis is a convenient feature when you want to trade with Harmonic Pattern. It allows you to alert the latest harmonic pattern across all timeframe. It is handy that you can view all these patterns in one place. Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all. Also there is small “M” button in your chart in case, you want to refresh multiple timeframe pattern scanning manually. If you are using MetaTrader 5 platform, then you might need this sometimes when data is not fully loaded in your MetaTrader. Especially, in MetaTrader 5 platform, it can take sometime to load data on lower and higher timeframe. However, once they are loaded, you should be able to see the patterns detected across all timeframe. In fact, this longer data loading is done because MetaTrader 5 platform is loading tick by tick data, which is really heavy for your CPU and Memory and this can not be controlled by the indicator. Hence, we can not blame the platform builder anyway as they tried to do something good intentionally in their end. Since in MetaTrader 4, they only load Open, High, Low and close price, the data loading time is pretty fast and not noticeable most of time.

Link to Harmonic Pattern Plus

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

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

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

Link to Harmonic Pattern Scenario Planner

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

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

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

Harmonic Pattern Signal – Free

Harmonic Pattern Trading Signal provides a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with other technical indicators. Especially, we provide the Harmonic Pattern Signal for your trading. It is absolutely free of charge. The Harmonic Pattern Signal can be accessible from the link below.

https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/

We present the trading signal in the simple table form. To use this trading signal, you need to mark up the location of the Harmonic Pattern in your chart. You can do this in any trading platform including MetaTrader, Trading View, Ninja Trader and so on. Follow the two steps below:

Open the Chart with the same timeframe shown in the table
Mark up the pattern location using Price at Point D and Date at Point D
That is all. Check the attached screenshot and more detailed Instruction can be found from the above link. Our Harmonic Pattern Trading signal is absolutely free. It is a good staring point for anyone who are interested in trading Forex market. At the same time, we provide the MetaTrader 4 and MetaTrader 5 version of Harmonic Pattern Scanner. If you prefer the indicator version of Harmonic Pattern Signal, then you can visit the product page for Harmonic Pattern Plus or X3 Chart Pattern Scanner.

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/

Below are the Links to X3 Chart Pattern Scanner.

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

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

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