Before using harmonic models, it is necessary to ask the rationality behind the harmonic model. In fact, you would do the same with any trading strategy. You should never trade blindly because someone recommends you any particular strategy or you read some articles on the website. You should take the time to understand the rationale behind the trading strategy, and then you will go through the process with the trading strategy. This article is titled “Patterns Are a Good Predictor of a Market Turning Point” and helps you understand the rationale behind harmonic patterns and their trading strategy. If you are a harmonic trader, then you should read this article.
Additionally, you can watch a YouTube video titled Feel What an Automated Harmonic Pattern Indicator Looks Like. For your information, we provide two YouTube videos with the title and links below.
Harmonic Pattern Indicator on YouTube: https://youtu.be/CzYUwk5qeCk
YouTube “Non-repaint, non-lagging harmonic pattern indicator”: https://youtu.be/uMlmMquefGQ
Below is a list of the harmonic pattern indicators available in the MetaTrader 4 and MetaTrader 5 platform. We also include some description of each harmonic pattern indicator.
plus harmonic pattern
One of the first automated harmonic pattern detectors released in 2014. It can detect 11 popular harmonic patterns with well-defined trading entries and stops. The pattern completion interval, the potential reversal area, and the potential continuation area are supported. In addition, dozens of other powerful features have been added such as Japanese candles detection, etc. Due to the reasonable price, the harmonic pattern detection indicator is loved by many traders. Please note that this is a non-lagging harmonic pattern trading system.
Harmonic Model Scenario Diagram
It is an advanced harmonic pattern indicator. On top of the Harmonic Pattern Plus features, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for the professional harmonic pattern trader. Because of the reasonable price, the harmonic pattern detection indicator is loved by many traders. Please note that this is a non-lagging harmonic pattern trading system.
The Harmonic Plus Scheme and Harmonic Pattern Scenario are an excellent affordable business system. However, if you don’t like repainting the harmonic pattern indicator, we also provide uncoated and not delayed harmonic pattern trading. In fact, X3 Chart Pattern Scanner is the most advanced harmonic and Elliott wave pattern scanner. Just check out the X3 Chart Pattern Scanner below.
Link to X3 Chart Pattern Scanner