Harmonic patterns

Replenishment date: 25.04.2016
Content: HarmonicTradingIndicator.ex4 (229.78 KB)
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Description
While studying various trading strategies, you have probably heard about the concept of "Harmonious Patterns". Some traders believe that this is the best tool for making money. It is present on any chart of any currency pair. A high-precision input signal increases the ratio of potential profit to potential loss. The use of harmonic structures guarantees profitability, subject to cash management and the setting of stop loss and take profit.

We are glad to present you a new indicator for finding harmonic patterns on charts. This indicator looks for patterns simultaneously in all time frames and displays information in the form of a table to help you make trading decisions and protect you from wrong decisions. Therefore, it is advisable to make trading decisions when signals coincide on two or more adjacent timeframes.
The indicator is designed to recognize the most commonly used models of Bat, Gartley, Crabs, Butterflies, Cypher and Shark. The indicator can determine the overall picture and with small deviations. This aspect increases the number of signals, and confirmation of a higher timeframe reduces trading risks.
In addition, the indicator can inform the trader about newly formed patterns, so you don't miss a single trade.
Thus, the indicator can be used as an independent trading system, as well as in combination with other indicators.

Let's take a closer look at the indicator settings.
◾ Bars for calculating extrema - the number of candles to find extrema.
◾ Reverse Period - the number of candles in the search for a signal for a solution.
◾ Max Bars check history - the number of candles in the history of the instrument to search for previous patterns.
◾ In the "Patterns selector" block, pattern recognition can be turned on and off, and by creating "Show only fine patterns" you can choose to display only perfect patterns (to display a pattern with small deviations set to false).
◾ In the block "visualization settings" you can adjust the number of details displayed information about graphics and colors for displaying objects on the map.
◾ In the "Alert settings" block, options are available for you to send messages about a new model.
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