Birth of New Trend Tipple Entry Harmonic Pattern Trading

Harmonic Pattern – Predict Turning Point

Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy. If you are harmonic pattern trader, then you must read this article.
https://algotrading-investment.com/2...turning-point/
In addition, you can watch the YouTube Video titled 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”:
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”:
=============================
Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each harmonic pattern indicator.
Harmonic Pattern Plus
One of the first automated Harmonic Pattern detection tool 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. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/p...-pattern-plus/
Harmonic Pattern Scenario planner
It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.
https://www.mql5.com/en/market/product/6240
https://www.mql5.com/en/market/product/6101
https://algotrading-investment.com/p...nario-planner/

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Just check the X3 Chart Pattern Scanner below.
Link to X3 Chart Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/

Excessive Momentum and Volume Spread Analysis

Excessive momentum could possibly point out some anomaly movement or anomaly momentum in the financial market. Excessive momentum can provide you good entry for your trading. During Excessive momentum, this balance is broken. It means that the continuation force was greater than reversal force since the trends was driving further beyond the defined range. Now probably you are starting to make some sense about excessive momentum. That is good. Your intuition will start to tell you that this excessive momentum is significant joint in the price movement where forces are conflicting.
Two potential scenarios can cause the occurrences of Excessive momentum. Firstly, the excessive momentum could be caused by some irrational price reaction like the late comers buying stocks after the stock have gone up too much. Secondly, the excessive momentum could be caused by strong belief of the crowd that the price will continue to go in the same direction. Whichever scenario is driving the excessive momentum, it is where we can observe the crowd psychology clearly. Hence, excessive momentum provides the great market timing before things are exploded. Whichever direction price would explode, you can get the first ticket to the ride the profit.
To make your understanding little bit easier with excessive momentum, I will explain trading concept in terms of volume spread analysis.

Figure 1: Excessive momentum with highest price move above ZigZag peak.

Figure 2: Excessive momentum with lowest price move below ZigZag trough.
To explain the associated trading strategy with Excessive momentum, it is best to point out the four-market phase concept by Richard D. Wickoff (1873-1934). His framework is widely known as the Volume Spread Analysis. His four-market phase description is the most interesting subject among many traders. It is one of the most intuitive explanation behind the market dynamics.
The four-market phase includes accumulation, mark up, distribution and mark down (Figure 4). Four-market phase is the systematic view of market cycle. Volume spread analysis further extends accumulation and distribution areas into sub phase A, B, C, D and E (Figure 6 and Figure 7). These sub phase zone looks like some sort of sideways market. To be honest, I do not use the sub phase A, B, C, D and E for my trading because identifying these phase can be subjective and it is difficult to achieve them in systematic manner. Our focus here is more on accumulation and distribution area, the pattern made up from supply and demand fluctuations.
I believe that accumulation and distribution area can serve as useful entries in our trading operation. One thing trader should know is that Wyckoff Price Cycle is schematic and conceptual. In real world, we can not expect accumulation and distribution to arrive in turn always. Be more realistic. Figure 4 is only schematic diagram. In real world, any stock price can go up, rest and can go up again for fundamental reason. Likewise, stock price can go down, rest and can go down further. We can not expect that accumulation will always arrive after distribution. In fact, we can have as many accumulations as possible after accumulation. We can also have as many distributions as possible after distribution. I have drawn more realistic view of accumulation and distribution to prevent newbie’s getting wrong picture on the market behaviour around accumulation and distribution area (Figure 5). The difference is in your trading direction. When we have accumulation area after accumulation area, we will have continuous buy trend. When we have distribution area after distribution area, then we will have continuous sell trend. When we have accumulation and distribution area in turn, then we will have reversal opportunity. We will trade at turning point.
Simply speaking, sideways market zone in Figure 6 and Figure 7 can always serve as the springboard for the previous trend as well as for the reversal point. In addition, we could assume that accumulation area is where demand is exceeding the supply. Hence, price will go up after accumulation area. The distribution area is where supply is excessing the demand. Hence, price will go down after the distribution area. It is undeniable that these accumulation and distribution areas are important because this is where we get strong fresh momentum to start new trend or reversal. Placing your entry around these areas will increase your odd to win in the financial market. When these areas are identified correctly, market is much more profitable for your trading.

Figure 3: Four market phase concept in Volume Spread Analysis (source from StockCharts.com).

Figure 4: Realistic View of Four market phase concept in Volume Spread Analysis.

Figure 5: Sub phase A, B, C, D and E for Accumulation Area (source from StockCharts.com).

Figure 6: Sub phase A, B, C, D and E for Distribution Area (source from StockCharts.com).
Now if you are convinced how important these zones are, let us get back to the Excessive momentum. Excessive momentum can serve you as the systematic tool to detect these accumulation and distribution areas. Individual excessive momentum can be considered as an accumulation or distribution zone described in the four-phase market. You can consider the C point of Excessive momentum as either selling climax or buying climax. The difference is that some zone will provide you the reversal trading opportunity. Some other zone will provide you the continuation trading opportunity.
For example, in Figure 8, we can observe that excessive momentum detects the accumulation and distribution in turn. In this case, excessive momentum zone will provide you the reversal trading opportunity. You will trade against previous trend. Besides that, in Figure 9 and Figure 10, we can see continuation zone examples. In both case, excessive momentum detects the starting point of the fresh momentum of previous trend. In this case, our trading direction is the same as previous trend. Good news is that detection of excessive momentum is systematic using the trend filtered ZigZag indicator. Hence, detecting Wyckoff phase is no longer subjective but it is fully automatic now. Another added bonus is that excessive momentum produces two reliable breakout levels for your trading (Figure 10). The breakout levels are the point C and point D of excessive momentum zone. Beside your knowledge of accumulation and distribution area, these two breakout levels will provide you more solid evidence towards your trading direction. You can use these breakout levels for high probability trading setup.
Here is the summary for your potential volume spread trading setup with Excessive momentum zone. At the simplest trading setup, you can just use the two price levels at point C and point D in your breakout trading. This is easy and simple for any trader. However, this is rather short-sighted approach. Real benefit comes when you are able to identify accumulation and distribution area accurately with excessive momentum zone. With this long-sighted approach, you would try to make a big picture if the zone is continuous or reversal. With this knowledge, you can increase your odd win.
In conclusion, volume spread analysis setup with excessive momentum zone is not a rocket science although detection of excessive momentum requires the sophisticated algorithm. Your trading will start by identifying excessive momentum zone in the first place. Trading execution is a lot like the breakout trading throughout the zone at first. When you spot the direction of accumulation and distribution area correctly, you would be able to move your stop as the price move according to your prediction. Since it will detects these important zones automatically. Your trading will be much easier but more accurate.

Figure 7: Accumulation and distribution area detected for Reversal opportunity by Excessive momentum indicator.

Figure 8: Distribution zone for continuation detected by Excessive momentum indicator.

Figure 9: Distribution zone for continuation detected by Excessive momentum indicator.

Figure 10: Two referencing price levels for breakout.
You can also watch the Video titled as Excessive Momentum Indicator to accomplish your understanding with this powerful Momentum Indicator. Here is the link to the video on YouTube.

Below is link to the landing page of the Excessive Momentum Indicator available in MetaTrader 4 and MetaTrader 5:
https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621

Elliott Wave Theory and Fibonacci Ratio

Elliott Wave Theory is the powerful tool to predict the trend and correction in the financial market. To use the Elliott Wave Theory more accurately, you need to practice it with Fibonacci ratio. Ralph Nelson Elliott was one of very first person who believed that he could predict the stock market by studying the repeating patterns in the price series. To prove this idea, he created the Wave Principle. Many years later, the Wave Principle was reintroduced in the Prechter’s Elliott Wave books to investors. The Wave Principle states that the wave patterns are repeating and superimposing on each other forming complex wave patterns. The advantage of Elliott Wave theory is that it is comprehensive as the theory can provide multiple trading entries on different market conditions. Elliott Wave theory can be used for both momentum trading and mean reversion trading. The disadvantage of Elliott Wave theory is that it is more complex comparing to other trading techniques. In addition, there are still some loose ends in detecting Elliott wave patterns. For this reason, many traders heavily criticize the lack of scientific methods of counting Elliott Waves.

The Wave Principle states that the crowd or social behaviour follows a certain wave patterns repeating themselves. The Wave Principle identifies two wave patterns. They are impulse and corrective wave. Often, the term impulse wave is interchangeably used with the motive wave. Two terms are identical. Both motive and impulse wave progress during the main trend phase whereas the corrective wave progress during the corrective phase against the main trend. In general, the Impulse Wave has a five-wave structure, while the Corrective Wave has a three-wave structure. It is important to understand that these wave structures can override on smaller wave structure to form greater wave cycle. Elliott Wave theory is useful in identifying both trend market and correction market.
At the same time, if you understand the underlying principle behind the Elliott Wave Theory and Fibonacci Ratio, then you can use the following Elliott Wave Indicator for your own benefit. Especially, Elliott Wave Trend will help you to search Elliott Wave pattern with Elliott Wave structural score. Hence, you can trade with more objective Elliott Wave.

1) Elliott Wave Trend
Elliott Wave Trend is extremely powerful indicator. Allow you to perform Elliott wave counting as well as Elliott wave pattern detection. On top of them, it provides built in accurate support and resistance system to improve your trading performance.
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472
https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

2) X3 Chart Pattern Scanner
X3 Chart Pattern Scanner is not entirely Elliott wave tool but it has some Elliott Wave pattern features in it (it can detect Harmonic Patterns, Elliott Wave Patterns, X3 Patterns). Primarily, X3 Chart Pattern Scanner is specialized tools in detecting the Chart Patterns including Harmonic Pattern and Elliott Wave Patterns. It is great tool if you want to use both Harmonic Pattern and Elliott Wave patterns in one tool. In addition, the pattern detection algorithm inside X3 Chart Pattern Scanner is customizable using RECF notation shown in this link below:
https://algotrading-investment.com/2...able-patterns/
Here is the link to Profitable Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/
The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) explains how the Elliott Wave Theory is structured in term of Fibonacci ratio analysis. This book will provide the guidance on how to use the Elliott Wave Theory as well as the Fibonacci Analysis. With many chart examples for the Elliott Wave analysis, we recommend this book because the book shares many fresh new ideas towards your day trading. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.
https://algotrading-investment.com/p...monic-pattern/

We provide many sophisticated trading system in our website to construct the sound portfolio in your investment and to increase your capitals in your trading. Mean Reversion Supply Demand is the powerful Supply and Demand Zone indicator you can use in your collection in Forex and Stock market trading.
With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.
Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart. For your winning trading, this is the must have tool.
https://www.mql5.com/en/market/product/16851
https://www.mql5.com/en/market/product/16823
https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

Advanced Harmonic Pattern Detection Indicator

Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator in the market.
Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability.
Monte Carlo Simulation can help you to find future reversal points in advance.
For your information, we provide two YouTube videos with title and links below. Although these two videos are not created using the Harmonic Pattern Scenario Planner, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Here is the product link to Harmonic Pattern Scenario Planner. You can find more about the features of this advanced Harmonic Pattern Scenario Planner.
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Chart Pattern Detection on Multiple Timeframe

X3 Chart Pattern Scanner comes with the ability of detecting pattern across different timeframe. This feature is handy because you can scan potential buy and sell signal from one chart only. Here we show how to do it in your chart. Simply go to input setting. Then set “Use Multiple Timeframe Pattern Detection” = true. Check the screenshot for the procedure.
Of course, the pattern detection at multiple timeframe will force 6 to 9 times heavier computation to your MetaTrader. Hence, this will push your CPU and Memory higher. Before using this multiple timeframe feature, please do understand the trade off between heavy computation and the CPU and memory. If your computer has strong CPU and bigger RAM, then this would be no problem.
Link to X3 Chart Pattern Scanner
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/

Trading with Turning Point and Trend


In the trend strategy, your entry will be at the strong trend movement during the growth phase. This might be good if our entry is not too late. However, if we are late, then we will encounter the loss from early enterers starting to materialize their profits. In the turning point strategy, we are trying to pick up the new trend as early as possible in their birth stage. Therefore, it gives you the opportunity to become the early enterer. Hence, the profitable range is longer than typical trend strategy. In addition, you can also quit your position much earlier than other trend strategy players can.

The longer profitable range means that we need fewer trades to achieve good profits. At the same time, there are some weaknesses of the turning point strategy too. For example, turning point strategy might signal buy or sell entry too early while the ongoing trend was not finished. Since both trend and turning point strategy have their own strength and weakness, it is possible that you can compromise between turning point strategy and trend strategy too. For example, you do not immediately trade at the turning point signal but you can wait until you observe that some price movement is following the new trend direction. Therefore, this becomes semi-turning point strategy. Many of good traders use semi-turning point strategy since they are the hybrid of turning point strategy and trend strategy. The fact is that skills to predict the turning point is important for the successful trading. Even though you are trading with trend strategy, it is still advantageous to have good skills in predicting turning point. Hence, the methodology of predicting turning point was sought after by many legendary traders in the financial market nearly 100 years. It is one clear piece of winning logic for successful trading helping “You act faster than other trader.”

Figure 1-6: Profitable range for turning point strategy, semi –turning point strategy and trend strategy
About this Article
This article is the part taken from the draft version of the Book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern.
https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/
You can also use Harmonic Pattern Plus in MetaTrader to accomplish your technical analysis. Below are the Links to Harmonic Pattern Plus
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
Below is the landing page for Optimum Chart, which is the standalone tool to scan the trading opportunities for all symbols and all timeframe in one button click.
https://algotrading-investment.com/2019/07/23/optimum-chart/

How To Use Forex Prediction With Fibonacci Analysis For Free

In this article, we will explain how to use Forex Prediction with Fibonacci Analysis For Free in two steps. In the first step, you can access the Forex Prediction Webpage from the following link. You can book mark this Forex Prediction page below so you can access Forex Prediction any time.
https://algotrading-investment.com/2...acci-analysis/
From above page, you will get access to the turning point prediction for Forex market including EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD and so on. In fact, most of statistical predictions are not compatible with the actual trading strategy used by the real world trader. However, the turning point probability (and also the trend probability = 1 – turning point probability) is useful because the predictions were measured from the Fractal Wave. Remember that fractal wave is the direct representation of price action. For example, Support, Resistance, Fibonacci Ratio Analysis, Harmonic Pattern, Elliott Wave Theory, X3 Chart Pattern, Symmetric Triangle Pattern, Rising Wedge Pattern, Falling Wedge pattern, Double Top, Double Bottom, Channel, Renko Chart and so on are such technical analysis derived from Fractal Wave. You can consider the turning point probability as the quantified version of the price patterns. Hence, using the turning point probability with these price pattern is really beneficial in assessing the trend strength and risk for your trading. Especially, we recommend using the turning point probability together with any horizontal support resistance. For example, you can use the hand drawn support resistance, supply demand analysis, round number (=psychological number), pivot analysis, Fibonacci analysis, and so on. I am sure you can think of many horizontal support and resistance of your own.
In the second step, you can visualize the turning point probability and Fibonacci Analysis with this free Market Prediction tool from our website or from google drive. Anyway, you will get the same files.
Download Market Prediction Tool (Free, No Installation, No Signup and Use Straight After Download)
https://drive.google.com/file/d/1hzM...ew?usp=sharing
How to use this Market Prediction Tool is simple. Once, you have downloaded the MarketPrediction.zip file, then extract them anywhere in your hard drive. Then run the Market Prediction.exe file. After, you will find a simple user interface. Copy and paste the rows of data from the Market Prediction Webpage from the link. You can copy multiple rows if you wish. Next, click “Show Prediction” button. The Market Prediction software will automatically visualize the turning point probability and trend probability in friendly format.
If you want to use the premium version of the Forex Prediction, then you can use Fractal Pattern Scanner in MetaTrader or Optimum Chart. Below is the landing page for Fractal Pattern Scanner in MetaTrader version, which you can get the real time prediction in MetaTrader.
https://www.mql5.com/en/market/product/49170
https://www.mql5.com/en/market/product/49169
https://algotrading-investment.com/p...ttern-scanner/

Turning Point Prediction for Forex Trading

Fractal Pattern Scanner provides the ability to predict the turning point in the financial market. In this article, we provide the practical guide line on how to use the provided turning point prediction for your day trading. The turning point prediction consists of two prediction types. The first one is the prediction of trough. In the trough prediction, we are trying to predict the possible bullish turning point while the price is falling. The second one is the prediction of Peak. In peak prediction, we are trying to predict the possible bearish turning point while the price is rising. The turning point prediction is useful because it tells us the complete story of the price series. For example, it will provide you the visual guidance of price movement + it will also provides the probability information. It is a true hybrid of statistical prediction and technical analysis. As a trader, we can manage the entry and exit with the turning point prediction. Another advantage is that the probability provides us the opportunity for the second level of decision making. This is in fact the important part because many other technical indicator miss to provide the probability information, which we can use for the more advanced level of decision making. With ability to read these probability, practically we can use these turning point prediction to decide the price action in the financial market. They are the good predictor of the price movement assuming you are not misusing the probability information.
Here are the breakdown of the price action with the turning point prediction. We also provide the screenshot to explain each peak and trough cases with some visual aid. As you can see from the screenshot, we can respectively draw two price action for each peak and trough prediction.
When We Predict the Peak:
1. Possible bullish breakout trading opportunity at low probability area
2. Possible bearish reversal trading opportunity at high probability area
When We Predict the Trough:
1. Possible bearish breakout trading opportunity at low probability area
2. Possible bullish reversal trading opportunity at high probability area.
Probably, guessing of these price actions is so natural during the turning point prediction. The screenshot below is for you to confirm your understanding. If the term of peak and trough is not familiar to you, then google some physics articles explaining Peak and Trough in wave cycle. We are using the identical term here as we do not want to reinvent the wheel again. Once, you understand the cycle with peak and trough in those articles, it would be much easier to project the action items for your trading with this article too. In my opinion, the turning point prediction is in its unique position between the statistical prediction and technical analysis. Probably we can consider it as the hybrid of both world. We will recommend you enjoying this scientific advancement for your trading.
For example, you can watch this video titled as “Breakout Trading vs Reversal Trading – Turn Support & Resistance to Killer Strategy” to understand how to control the market timing with this probability tool.
YouTube:

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.
https://www.mql5.com/en/market/product/49170
https://www.mql5.com/en/market/product/49169
https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Intro Video for Advanced Price Pattern Scanner

Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detects many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check the YouTube Video titled as “Intro Video to Advanced Price Pattern Scanner”. This video covers some basic operation with Advanced Price Pattern Scanner in MetaTrader.
Advanced Price Pattern Scanner YouTube Video:
In addition, you can watch the following YouTube Video to understand why price pattern is so important for your technical analysis.
Fractal to Advanced Technical Analysis YouTube Video:
Below is the direct link to Advanced Price Pattern Scanner. As usual, we provide it for both MetaTrader 4 and MetaTrader 5 platforms.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/24679
https://www.mql5.com/en/market/product/24678

Removed Contents

Advanced Harmonic Pattern Detection Indicator

Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator in the market.

Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability.

Monte Carlo Simulation can help you to find future reversal points in advance.

For your information, we provide two YouTube videos with title and links below. Although these two videos are not created using the Harmonic Pattern Scenario Planner, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like.

YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk

YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ

Here is the product link to Harmonic Pattern Scenario Planner. You can find more about the features of this advanced Harmonic Pattern Scenario Planner.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Pattern Completion Interval and Basic Order Management for harmonic Pattern Trading

Many harmonic pattern trader uses arbitrary order management. Some just uses Fibonacci levels but they are not able to measure or think how each winning and losing trades can affect their trading balance. You do need to know this to grow your capital safely. Risk and Order management is not the concept you can skip regardless of your trading strategy and signals.
Pattern Completion Interval is the concept, first introduced in the Book (Guide to Precision Harmonic Pattern Trading), to help you to trade with harmonic pattern in more scientific Risk management. Here is the link to the Book: Guide to Precision Harmonic Pattern Trading.
https://algotrading-investment.com/p...ttern-trading/
Especially, it helps you to achieve the desired Reward/Risk ratio while you are trading in real time tick by tick data. Here is one of many approaches how you may use the Pattern Completion Interval concept for your trading. Of course, this approach is compatible with your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. We produce this diagram so you can understand this approach intuitively without any calculator in your hands. Tr = Take Profit Ratio and Sr = Stop Loss Ratio. The diagram shows the case of two orders but you can even generate more orders taking this example further. Hopefully this new diagram is easier to understand than previous one.
Of course, this precision trading frame work is applicable to our Harmonic Pattern Indicator ranges including Harmonic Pattern Plus and Harmonic Pattern Scenario Planner and X3 Chart Pattern Scanner. These indicators are available for both MetaTrader 4 and MetaTrader 5 platforms.
https://algotrading-investment.com/p...-pattern-plus/
https://algotrading-investment.com/p...nario-planner/
https://algotrading-investment.com/p...ttern-scanner/

Combining Price Breakout Pattern with Support and Resistance

Price Breakout Patterns are in fact the extension of support and resistance trading. When you grab the idea of support and resistance with Price Breakout Patterns, you can really advance your trading a lot. With Price Breakout Pattern Scanner, this is easy task because it provide the built in support and resistance mode.
In the support and resistance mode, your price breakout patterns will be turned into support and resistance. In doing so, you need to set support and resistance mode in your input setting. We will show this in our screenshot.
Once this setup is in place, Price Breakout Pattern will become support and resistance for your trading. With conventional support and resistance together, this could indicate highly probable trading entry.
Below is the YouTube Video link for Price Breakout Pattern Scanner:
YouTube Video Link:
Below are the links to Price breakout Pattern Scanner
https://www.mql5.com/en/market/product/4859
https://www.mql5.com/en/market/product/4858
https://algotrading-investment.com/p...ttern-scanner/

YouTube Video for X3 Chart Pattern Scanner
Video can explain a lot of details about how things works. You can use this video for first guide on using X3 Chart Pattern Scanner.
This video was originally created for the previous Optimal Turning Point Pattern Scanner. However, X3 Chart Pattern Scanner uses almost same user interface (with a lot of powerful additional features). Hence, you can use this video for X3 Chart Pattern Scanner too. For your information, since X3 Chart Pattern Scanner comes with a lot of new additional features, the video does not cover for those features. For example, X3 Chart pattern scanner can provide

1. Harmonic Patterns
2. X3 Chart Patterns
3. 52 Japanese candlestick patterns
4. Automatic double standard deviation channel
5. and many more powerful features

Non Repainting Non Lagging Harmonic Pattern Scanner:

Chart Pattern Scanner:
Also here is the product page for the X3 Chart Pattern Scanner. Enjoy the powerful non repainting and non lagging Harmonic Pattern, X3 Pattern and Elliott Wave Pattern indicator.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/

Elliott Wave Indicator for Objective Elliott Wave Trading

Elliott Wave is popular Trading strategy in the trading world. The Elliott Wave Theory was originally developed by Ralph Nelson Elliott. It was populated by Robert Prechter.
In the original Elliott Wave Theory, Ralph Nelson Elliott left three Wave rules in counting Elliott Wave. A correct Elliott Wave counting must observe three rules:

1. Wave 2 never retraces more than 100% of wave 1.
2. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
3. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.

These three rules are the very general statement about the movement of the financial market. There are a lot of subjectivity when we apply these original rules in trading. Hence, we do not recommend you to trade with these general rules.
In practice, we need more specific and objective rules instead of above general rules. Yes, we will follow the general rules but we will measure the accuracy of Wave Pattern Structure to eliminate bad Elliott Wave patterns in trading.
Elliott Wave Trend is the first indicator that provides the objective measurement around the Elliott Wave pattern structure. Wave structural score will guide you to trade with more accurate and defined Elliott Wave pattern structure. Two Wave structural scores we are using are:
1) Impulse Wave Structure Score (IWS Score) – measure the accuracy of Impulsive Elliott Wave in percents. For example, IWS Score can be used to detect Elliott Wave 123, Elliott Wave 1234 or Elliott Wave 12345 patterns.
2) Corrective Wave Structure Score (CWS Score) – measure the accuracy of Corrective Elliott Wave in percents. For example, CWS Score can be used to detect Corrective Wave ABC patterns.
With these two Wave Structure Score, you can identify the correct Elliott wave patterns from many candidate Wave patterns.
Of course, in Elliott Wave Trend, these two Wave Score will be automatically calculated and presented for your trading. In addition, Elliott Wave Trend presents you candidate Wave patterns automatically so that you do not have to spend time on drawing these patterns manually.
In the screenshot below, we shows the Elliott Wave 12345 pattern with IWS Score of 89.9% (IWS Score > CWS Score). With this high Wave Structure score for Elliott Wave 12345 pattern, you have a high chance to spot the market turning point correctly.
Elliott Wave Trend is the Advanced Elliott Wave Indicator for your trading. Stay with Objective Elliott Wave Trading for the best possible trading performance.
Here are the links for Elliott Wave Trend.
https://algotrading-investment.com/p...tt-wave-trend/
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472

List of Features for Harmonic Pattern Indicator

We provide the harmonic pattern indicator with multiple of built in features. These features are powerful in helping you to trade with better accuracy.

If you need to accurately predict the turning point of the market, then Harmonic Pattern Plus is the best tool in its kind. With our own research, our Harmonic Pattern Plus uses the precision harmonic pattern trading as its default trading strategy with Pattern Completion Interval, Potential Continuation Zone and Potential Reversal Zone. Yet, there are many other powerful features built in together for your superb trading experience.

List of Features for Harmonic Pattern Indicator.

11 Harmonic Pattern Detection
Automatic stop loss and take profit recognition for superb risk management
Pattern Completion Interval for precision trading
Potential Continuation Zone detection for future price prediction
Potential Reversal Zone detection for Point D identification
Automatic Channel Detection to go with Harmonic Pattern (Optional)
Multiple timeframe Pattern Analysis
Multiple timeframe Pattern Detection
Guided Trading Instruction for professional traders
Pattern Locking and Unlocking feature in your chart
Even more, please find it out.
Below is the direct link to the information page:

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Trading Price Patterns

Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are the powerful tools to trade with Price Patterns. To improve its trading performance, you might use other technical indicators to assist your trading decision. However, you can also use Peak Trough Analysis tool together.

I use this Peak Trough Analysis together with Advanced Price Pattern Scanner and Price Breakout Pattern Scanner. I basically try to find the intersection or overlapping of the patterns detected by indicator and by peak trough analysis. This approach hybridizes the price pattern trading. This approach can help to detect the true breakout direction.

Here is the download link for the free Peak Trough Analysis Tool for MetaTrader 4 and MetaTrader 5. They are absolutely free. Make sure to spend some time on Peak Trough Analysis tools to get comfortable with them.

https://www.mql5.com/en/market/product/23797

https://www.mql5.com/en/market/product/22420

https://algotrading-investment.com/portfolio-item/peak-trough-analysis-tool/

Below are the links to Advanced Price Pattern Scanner.

https://www.mql5.com/en/market/product/24679

https://www.mql5.com/en/market/product/24678

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Volume Spread Analysis Indicator List
We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.
These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.
Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.
Here is the link to Volume Spread Pattern Indicator.
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/p...ern-indicator/
Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/p...tern-detector/
Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you can use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector. In addition, we provide the YouTube video to accomplish the basic operations of Excessive Momentum Indicator.
YouTube Video (Momentum Indicator):
Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.
https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621
Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.
https://algotrading-investment.com/p...ne-oscillator/

Supply Demand Zone Indicator on MetaTrader 5

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is accessible for free of charge for any trader from all over the world. More and more brokers are now offering MetaTrader 5 trading options even including US based firms.
Here is the list of Advanced Supply Demand Zone Indicator. These supply and demand zone indicators are rich in features with many powerful features to help you to trade the right supply and demand zone to trading. Also note that supply demand zone indicator can be used as a great support and resistance indicator too. So if you are looking for good support resistance indicator, then these tools are good too. Please check it out.

Mean Reversion Supply Demand MT5
Mean Reversion Supply Demand indicator is our earliest supply demand zone indicator and loved by many trader all over the world. It is great to trade with reversal and breakout. You can also fully setup your trading with stop loss and take profit target.
Below are the links to MT5 version of the Mean Reversion Supply Demand indicator.
https://www.mql5.com/en/market/product/16823
https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand
Ace Supply Demand Zone Indicator MT5
Ace Supply Demand Zone indicator is our next generation supply demand zone indicator. It was built in non repainting and non lagging algorithm. On top of many powerful features, you can also make use of archived supply and demand zone in your trading to find more accurate trading opportunity.
Below are the links to MT5 version of the Ace Supply Demand Zone indicator.
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone
In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to accomplish the supply demand zone indicator.
YouTube “Supply Demand Zone Indicator”:
For your information, both indicators provides many powerful features to complete for your trading. You can also use this indicators together with Harmonic pattern and Elliott wave pattern indicators.