ADVANCE HARMONIC INDICATOR FOR META TRADER 4 WHICH DETECTS 19 DIFFERENTS HARMONIC PATTERN WITH SUPPORT AND RESISTANCE
VIDEO AND IMAGES OF HARMONIC INDICATOR ON META TRADER 4
ADVANCE HARMONIC PATTERN WITH SCANNER
This 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 (PRZ)
It evaluates past price action and displays every past pattern
The indicator analyzes its own quality and performance
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
It implements email/sound/visual alerts
Inspired by Scott M. Carney’s book, 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 implements email/sound/push alerts
It plots the ABCD projection
Amplitude – This parameter controls the size of the patterns to be found in the chart.
Deviation – Algorithmic wiggle room for pattern recognition. Increase it to find more patterns.
Breakout Period – Donchian breakout period for the trading signals.
Max History Bars – Amount of history bars to evaluate when the indicator loads.
Display Stats – Enable or disable performance screen stats.
Display Points – Display price point labels (X, A, B, C, D labels).
Display Ratios – Display pattern ratios.
Display Projections – Display the Potential Reversal Zone (PRZ)
Display SL/TP Levels – Display suitable stop-loss and take-profit levels.
Pattern Settings – Choose what patterns to scan for: disable all those you do not use.
Drawing Settings – Configure the colors of bullish and bearish patterns, as well as font sizes.
Ratios – Enable or disable ratios and choose your own ratio colors.
Projections – Display or hide the Fibonacci projections on the chart.
Breakouts – Enable or disable breakouts, and set your desired arrow sizes and colors.
Alerts – Enable display/email/push/sound alerts for breakouts, patterns or both.