Harmonic Trading Pro Indicator
The Harmonic Trading Pro Indicator is unlike any other harmonic indicators on the market. This Harmonic indicator has a very unique and smart algorithm to detect the most reliable Harmonic patterns. It also displays a dashboard with every current harmonic pattern in their respected timeframe of the chart.
The Harmonic Trading Pro Indicator is probably the most complete harmonic patterns auto-recognition indicator, and has a set of features which make it unique.
- It reliably detects Bat, Alt. Bat, Gartley, Crab, Butterfly, Cypher and Shark patterns
- It plots primary, derived and complementary Fibonacci projections
- It evaluates past price action and displays every past pattern
- It implements a multi-timeframe dashboard
- It uses breakouts to signal profitable entries
- It plots all the pattern ratios on the chart
While the underlying Fibonacci projections and ratios are fairly complex, this indicator makes detection and discovery of the harmonics patterns easy. Forex-gears gives you the right tool to become a better Harmonics trader. Enhance your trading activity with the best Harmonic Patterns auto-detection indicator! Harmonic Patterns can be confirmed with oscillator divergences or Bollinger Bands. This indicator is a must have tool for every harmonic trader out there!
When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. This is what each block of parameters does.
- Amplitude - The indicator is constantly looking for tops and bottoms. The amplitude is the minimal amount of bars where there will not be two tops or two bottoms. Increase the period to see bigger patterns or for intraday trading. You can also have several indicators loaded on the chart with different amplitudes.
- BreakoutPeriod - The period when the breakout occurs. (default 3).
- Max historyBars - This parameter controls how many past bars are examined to minimize memory usage.
- OnlyPerfectPatterns - Enable this option to display only perfect and pure harmonic patterns, with perfect ratio measurements.
- Display Dashboard - True for displaying dashboard. False to remove dashboard.
- Draw Triangle - Enable this option to display only triangles without the colors to minimize memory usage.
- Patterns - Choose pattern colors and enable/disable the patterns you want to use.
- Labels - Customize the label's font sizes and colors.
- Ratios - Customize the ratio's font size and line width.
- Breakouts - This indicator waits for a meaningful breakout after a pattern has been formed to signal the trade.
- Alerts - Enable display/email/push/sound alerts for patterns and breakouts.