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Best Harmonic Patterns Forex Indicator Mt4 High Accurate System Trading Strategy

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Best Harmonic Patterns Forex Indicator Mt4 High Accurate System Trading Strategy

​The Harmonic Patterns indicator 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.
  • It detects 19 different harmonic price formations
  • It plots primary, derived and complementary fibonacci projections
  • It evaluates past price action and displays every past pattern
  • The indicator analyzes its own quality and performance
  • It includes a multi-symbol and multi-timeframe scanner
  • It displays suitable stop-loss and take-profit levels
  • It uses breakouts to signal suitable trades
  • It plots all the pattern ratios on the chart

  • Scott M. Carney's book -Harmonic Trading Vol. 1-, this indicator has been designed to fulfill the needs of the most purist and exigent traders. However, it implements a twist to make it easier to trade: it waits for a donchian breakout in the right direction before signaling the trade, making its signals very reliable.
  • Fibonacci projections are vector-independent
  • It plots the ABCD projection
Usage Tips
  • The amplitude parameter controls the pattern size in bars
  • Load the scanner indicator once to monitor many symbols and timeframes
  • Patterns can expand but signal breakouts mostly do not: wait for signals
  • Avoid trading if higher timeframes display a strong trend against your trade
  • Use the suitable SL and TP levels displayed by the indicator

Information
  • The indicator evaluates at bar closing only
  • Patterns are displayed as soon as the XD and CD ratios are valid
  • Patterns can expand, repaint and become other patterns, with different names
  • Breakouts are mostly non repainting and enough to reverse the market movement
  • Set a higher breakout period to decrease the odds of the indicator repainting
  • Stop-loss and take-profit levels are calculated using fibo ratios
Important: Some pattern names have been renamed to self-explanatory alternatives to comply with a trademark complaint from Mr. Scott M. Carney, who owns the following trademarks in the USA: Harmonics, Harmonic Trading, Bat Pattern, Butterfly Pattern, Shark Pattern, Crab Pattern and Five-O Pattern.
Tired of plotting trendlines? The Trend Lines indicator applies a mechanical approach to the construction of trend lines for you! It'll draw up to 18 trendlines automatically and save you a ton of drawing time.
  • It can draw up to 18 trendlines
  • Trendlines can be optionally based on fractals
  • Each line represents a breakout level
  • Each trendline can be broken or rejected
  • Configurable amount of lines
  • Configurable colors
Boost your trading returns with a great trendlines indicator at no cost, just like hundreds of users have already done!
MT4099



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22% / 22%
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In ritardo
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In elaborazione
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Informazioni sul progetto

Budget
30 - 100 USD
Per lo sviluppatore
27 - 90 USD