Harmonic Pattern Indicator List for MetaTrader 4 is a collection of indicators specifically designed for the MetaTrader 4 (MT4) trading platform. Harmonic Pattern indicators are programmed to identify various harmonic patterns in price action, aiding traders in making informed decisions about when to enter or exit trades.
Harmonic patterns are the geometric patterns that repeat themselves within the financial markets. They are based on Fibonacci ratios and are believed to indicate potential reversal points in the market. Some of the commonly recognized harmonic patterns include the Gartley pattern, Butterfly pattern, Crab pattern, Bat pattern, and the Cypher pattern.
The Harmonic Pattern Indicator List for MetaTrader 4 typically includes several harmonic pattern indicators, each programmed to detect specific patterns. These indicators can automatically identify these patterns on price charts, making it easier for traders to spot potential trading opportunities without having to manually analyze price movements.
Key features of these harmonic pattern indicators may include:
- Pattern recognition: The indicators can detect various harmonic patterns, such as ABCD patterns, Gartley patterns, Butterfly patterns, etc., and highlight them on the price chart.
- Alerts: The indicators may be equipped with alert functionality, allowing traders to receive notifications when a harmonic pattern is identified. These alerts can be in the form of pop-up alerts, email alerts, or push notifications to mobile devices.
- Compatibility: These indicators are specifically designed for the MetaTrader 4 platform, making them compatible with the extensive range of trading tools and resources available on the MT4 platform.
Overall, harmonic pattern indicators for MetaTrader 4 can be valuable tools for traders who incorporate harmonic pattern analysis into their trading strategies. By automating the detection of these patterns, these indicators can help traders identify potential trading opportunities and improve their overall trading effectiveness.
Harmonic Pattern Indicator provide a mean of detecting the turning point in the forex and stock market for the day trader. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. Harmonic Pattern is the kind of chart pattern. Technically speaking, Harmonic patterns are another fractal wave patterns that frequently used by many financial traders. Harmonic patterns are typically made up from two or three triangles (i.e. three price swings or four price swings). The structures of the harmonic pattern are based on the Fibonacci ratios. Hence, some people consider Harmonic pattern as an advanced Fibonacci price patterns. Harmonic patterns include Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on. The structure of each harmonic pattern can be expressed simply using X3 Chart Pattern Framework uisng their fibonacci ratio as below.
Butterfly Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Butterfly Pattern can be described as below:
C0: 1.270 to T0: 3,
R0: 1.618 or 2.240, R1: 0.382 or 0.886, R2: 0.786
Gartley Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Gartley Pattern can be described as below:
C0: 0.786 to T0: 3,
R0: 1.130 or 1.618, R1: 0.382 or 0.886, R2: 0.618
BAT Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of BAT Pattern can be described as below:
C0: 0.886 to T0: 3,
R0: 1.618 or 2.618, R1: 0.382 or 0.886, R2: 0.382 or 0.500
Alternate BAT Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Alternate Bat Pattern can be described as below:
C0: 1.130 to T0: 3,
R0: 2.000 or 3.618, R1: 0.382 or 0.886, R2: 0.382
Shark Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Shark Pattern can be described as below:
C0: 0.886 – 1.130 to T0: 3,
R0: 1.618-2.240, R1: 1.130-1.618
How about automatic harmonic pattern detection for your trading ? We provide the list of Harmonic Pattern Indicator for your MetaTrader 4 platform. These harmonic pattern indicators are not only detecting harmonic pattern but they also provide the addtional features to help you to win in your trading.
1. Harmonic Pattern Plus for MetaTrader 4
Harmonic Pattern Plus is the harmonic pattern scanner. It can detect harmonic patterns with predefined 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, automatic channel, etc.
https://www.mql5.com/en/market/product/4488
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
2. X3 Chart Pattern Scanner for MetaTrader 4
X3 Chart Pattern Scanner is non repainting and non lagging pattern scanner for Harmonic Pattern, Elliott Wave pattern and X3 patterns. It is the most advanced but user friendly harmonic pattern indicator. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns + advanced Channel features. This is the most advanced Harmonic and Elliott wave scanner in the market. You must try.
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
3. Harmonic Pattern Scenario Planner for MetaTrader 4
With additional features of predicting future harmonic patterns, this is the tactical harmonic pattern indicator with advanced simulation capability on top of many powerful features of harmonic pattern plus. Try it then you will know its power.
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
In addition, you can watch the YouTube Video to 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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