MT4 Harmonic Scanner
MT4 Harmonic Scanner is a powerful Forex indicator that scan Harmonic Pattern automatically to identify the potential profit opportunity. To understand MT4 Harmonic Scanner, we need to learn the basics of Harmonic Patterns. The tradable Harmonic Patterns include Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on. 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. You can read some details about Harmonic Pattern, Harmonic Pattern Trading, Harmonic Pattern Testing, Harmonic Pattern Book, Harmonic Pattern Detection Process from the link below:
https://algotrading-investment.com/2022/06/22/harmonic-pattern/
Assuming that you have read some basics about Harmonic Pattern from the link above, here we list the fibonacci structure of some popular Harmonic Patterns.
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
Crab Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Crab Pattern can be described as below:
C0: 1.618 to T0: 3,
R0: 2.618 or 3.618, R1: 0.382 or 0.886, R2: 0.382 or 0.618
Deep Crab Pattern has the three-triangle structure. The three triangles are enclosed by one bigger triangle with one closing retracement ratio. Pattern definition of Deep Crab Pattern can be described as below:
C0: 1.618 to T0: 3,
R0: 2.000 or 3.618, R1: 0.382 or 0.886, R2: 0.886
5 to 0 Pattern has the three-triangle structure. There is no closing retracement for 5 to 0 pattern. Pattern definition of 5 to 0 Pattern can be described as below:
R0: 0.500, R1: 1.618 – 2.240, R2: 1.130-1.618
MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide a range of powerful harmonic pattern scanner particularly for MetaTrader 4 platform. Below is the list:
1. MT4 Harmonic Pattern Plus
One of the first automated Harmonic Scanner released in 2014. It can detect 11 most popular harmonic patterns with well-defined 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, etc. Although this is the repainting indicator, it comes at the affordable price with lots of powerful features.
https://www.mql5.com/en/market/product/4488
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
2. MT4 Harmonic Pattern Scenario planner
It is an advanced Harmonic Scanner. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern scanner designed for Professional harmonic pattern trader. Although this is the repainting indicator, it comes at the affordable price with lots of powerful features.
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
3. MT4 X3 Chart Pattern Scanner
This is our next generation Harmonic Scanner. This is non-repainting and non-lagging Harmonic scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Chart Patterns. It can detect over 20 chart patterns. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns. 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/
Do not forget to download free Volume Spread Zone analysis to use together with MT4 harmonic scanner.
https://algotrading-investment.com/2019/09/06/harmonic-pattern-with-volume-zone-oscillator/
Related Products
