Birth of New Trend Tipple Entry Harmonic Pattern Trading

Harmonic Pattern Indicator Explained (Must Read for Harmonic Pattern Trader)

There are several variations of Harmonic pattern indicators in history of Price Action and Pattern Trading community. Not all the harmonic pattern indicators are the same. In the past the main variations of Harmonic pattern indicators can be categorized as following three different types.

1. Type 1: Non lagging (fast signal) but repainting – option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint.
2. Type 2: Lagging (slow signal) but non repainting – no option to enter at turning point. Indicator does not show the failed pattern but last pattern does not repaint.
3. Type 3: Detecting pattern at point C but repainting – option to enter at turning point. Indicator detect pattern too early and you have to wait until the point D. Pattern may not achieve point D. Indicator does not show the failed pattern and last pattern can repaint.

Type 1. Non lagging (fast signal) but repainting
First type is non lagging but repainting harmonic indicators. This sort of Harmonic pattern indicator is the typical harmonic pattern indicators used by many traders. The advantage is that you do get the signal early as possible. You have an opportunity to trade from the turning point all the ways down to the continued trend. The disadvantage is that you are not able to test your strategy in chart because this type of harmonic pattern indicator does not show the entry of the failed patterns in chart but only successful one. In fact, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are under this category. They would provide the fastest signal but you will not able to test your strategy in your chart because they do not show the failed entry in chart.
Type 2. Lagging (slow signal) but non repainting
The second type is that lagging but non repainting. Some people use pretty words like minimal lag Harmonic pattern indicator or etc. But really lagging is just lagging. You can not make it really pretty though. As the literal meaning of lagging indicates, this type of harmonic pattern indicators provide you the lagging signal comparing to the first type. It will only provide you the signal after some times passed the turning point. Hence, you do not have an option to consider your entry from turning point. Depending on the pattern size, sometimes, the lagging can be only several bars but it can range up to several dozens of bars like 30 or 60 bars. Sometimes, your entry might be at the first reversal after the turning point. Hence you have be careful with this sort of entry. The advantage is that you will not experience repaint with the latest pattern though. I am not sure if non repainting property can offset the disadvantage of lagging signals because professional harmonic pattern traders are looking for the turning point entry.
Type 3. Detecting pattern at point C but repainting
The third type is that detecting pattern at C point completion not at D point completion. This type of Harmonic pattern indicator do exists. This type of Harmonic Pattern indicators detect patterns way too early at the point C. For this reason, you have to wait quite some time to trade at point D. If you are trade on higher time frame like H1 or H4 or D1, you might have to wait at least half days to several days. You might run out of your patience quickly with this type of Harmonic Pattern indicator by just waiting and waiting. Since, it is detecting pattern at point D, you are not able to see any failed entry in your chart either. So it does repaint. What is worse is that the pattern can be disappeared while you have been waiting some time. You are just wasting your time in this case.
Some people asked me if they can trade from point C to D. The answer is no because we only recommend to trade patterns after we have done intensive research. We did not do research on trading from point C to D.
By summarizing above three types of harmonic pattern indicator, we can draw some interesting conclusion. Non lagging means repainting and lagging means non repainting. There seems to be some balance between fast signal and repainting issues. It might be the universal or physical law.
4. Main problem of Harmonic Pattern Trading for starter
At the moment, the main problem of Harmonic pattern trading is that indicator or scanner does not show the failed patterns in chart. In fact, no harmonic pattern indicator or scanner shows anyway. Hence this is not the problem for you only but for entire harmonic pattern trader ( also including Elliott Wave pattern trader too). Because Harmonic pattern indicators (Type 1, 2 and 3) show only successful patterns in chart, some people take them as true success rate. This look like success rate of 90% or something.
But, this is not the true success rate. There are many failed patterns and they are just not shown in chart. Then why harmonic pattern indicator or scanner do not show the failed patterns in chart? Is it because we want to hide the failed patterns in the intention to show some false information to trader? Answer is no and never. We are all honest people. Simply it was considered as being impossible to create such a pattern detection algorithm showing failed patterns in chart. So the reason was simply because of the technological barrier.
Hence, experienced Harmonic pattern trader live with this fact every day including myself and others because no such a tool showing failed historical pattern in chart anywhere. We just use our experience to fill the missing information about the failed patterns.
For starters, however this makes difficult to visually understand and test strategy with patterns from chart. They have to rely on external source to learn strategy. This is hard for starters and even for experienced harmonic pattern trader. Sometimes, starters believe that harmonic pattern indicator provide the success rate that was counted from successful patterns only in chart like 90% or something as they do not know that harmonic pattern indicator (Type 1, 2 and 3) does not show failed patterns in chart.. This should be not the right motivation to get involved with harmonic pattern trading. The right motivation to trade with harmonic pattern is that you have an option to trade from turning point.
Now the question, can we have non lagging and non repainting harmonic pattern indicator showing failed historical patterns in chart? The answer is yes. We have broken the critical technological barrier. Now you can have non repainting and non lagging harmonic pattern indicator giving you the true success rate in your chart.
This would be great guidance and trading resource on its own. Because you can easily learn how to use pattern together with other technical and fundamental tools, this would relieve strategy concern for all harmonic pattern trader. You have to remember that non repainting and non lagging harmonic pattern indicator is superior than above three pattern indicators (Type 1, 2 and 3). However, because non repainting and non lagging harmonic pattern indicator shows failed patterns in chart, you might get the opposite perception. Please don’t. Repainting or lagging harmonic pattern indicator (Type 1, 2 and 3) will have equally bad or even more number of failed patterns comparing to non repainting and non lagging one.
For your advantage, it is always better to work with the indicator giving you the realistic success rate for your trading. Then you will quickly learn how to improve your trading. In long run, non repainting and non lagging harmonic pattern indicator is definitely good one to stick with. You can add extra filter or other secondary confirmation. These efforts are real because you can measure the realistic outcome with non repainting and non lagging indicator. Remember that you can readily find out the true winning system with non repainting and non lagging harmonic pattern indicator whereas it is very hard for repainting or lagging indicators (Type 1, 2 and 3).
5. Can we have non lagging but non repainting Harmonic pattern Indicator?
Now the question, can we have non lagging and non repainting harmonic pattern indicator? The answer is yes. This is the next generation of Harmonic pattern indicator which was born from intensive scientific research. We shipped the technology to our Profitable Pattern Scanner. We have provided it for the first time in history.
This type of non repainting and non lagging indicator will provide you the fastest signal entry like first type of harmonic pattern indicator. At the same time, it will show you the failed entry in your chart. Hence you can build and tune your strategy in your chart with other technical indicators at ease or even in backtesting mode. Since you can trade as you see from chart, the confidence of your trading will increase dramatically. This is the true hybrid of all above three types of harmonic pattern indicators. With little bit of knowledge on Pattern Completion Interval, you could take the entry at your favored risk to rewards ratio. We also provide Potential Continuation Zone to perfect your harmonic pattern trading. 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”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Below is the direct link to X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Scan Supply Demand Zone Across All Timeframe


In Ace Supply Demand Zone indicator, you can scan the supply and demand zone across all timeframe for your Forex trading. This is a powerful feature included in Ace Supply Demand Zone indicator. Controlling the Multiple Timeframe scanning is similar to our other MetaTrader products like Harmonic Pattern Plus or X3 Chart Pattern Scanner. You can control them from the inputs under the Multiple Timeframe Scanning. With the inputs, you can enable or disable multiple timeframe scanning. You can also choose to switch on or off specific timeframe from your dashboard. In addition, you can also control how frequently the indicator should scan. The default value for update frequency is M5 timeframe. However, you can use M1 for update frequency if you need to scan them more frequently.
If you enabled email or push notification in the inputs under General Setting, then you can also receive the alert for the detected supply and demand zone as well as the touched supply and demand zone. The thing you need to understand about multiple timeframe scanning is that it requires multiple computation too per each timeframe. The computation can be heavier up to 7 times or more when you enabled M1 to D1 timeframes. Hence, due to data loading issues, the calculation might be stuck sometimes. In that case, just click Show button to refresh all the calculation. Of course, it is possible to switch off the multiple timeframe scanning if you only want to trade one timeframe.
Ace Supply Demand Zone in MetaTrader 4 and MetaTrader 5
In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. Hence, you can watch this YouTube Video to learn the basic operation with the supply demand zone indicator.
YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo
Landing page for Ace Supply Demand Zone.
https://www.mql5.com/en/market/product/40076
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

Gartley Pattern Study

This study involves to exam 96 Gartley Patterns, historically formed in Forex and stock market index Chart. First screenshot is taken with Garltey Pattern only. Second screenshot is taken with Gartley pattern + Supply Demand Zone + Bollinger Bands. So there are 192 screenshots (96 x 2) in this study. This study uses non repainting and non lagging Harmonic Pattern detection algorithm. Hence, this study will show both failed and successful pattern to provide you the unbiased results. Typically, a repainting indicator will show the successful pattern making it hard to check the real performance of your strategy in historical study in your chart. If you want to become a profitable trader, you should study the strategy in the scientific manner. It basically involves checking the repeatability or reproducibility. We provide this study to enhance the forex and stock trading for the trading community. We also want to add some scientific value for the Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too. The Gartley Pattern in this study has the following Structure:

1. N: 3, C0: 0.618 to T0: 3
2. R0: 1.272, R1: 0.382 -0.886, R2: 0.618

Points to watch out in this study:

1. Price movement around the Pattern Completion Zone (= Trading Zone) in the Gartley Pattern
2. Supply Demand Zone interaction with Gartley Pattern
3. Risk management around the Trading Zone. Look for the trading entry, where at least, Reward > Risk x 2
4. Possibility for breakout trading around the trading zone (=use them as support and resistance)
5. Look for continuation pattern vs reversal pattern

You can find some Reference for this study below:

1. Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
2. Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
3. Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
4. Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
5. Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)

Here is the YouTube Link for Gartly Pattern Study:

This study was performed using the Robo Advisor built inside Optimum Chart.
https://algotrading-investment.com/2...optimum-chart/
You can also check the similar results using the X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform (Non repainting and non lagging algorithm).
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/
Harmonic Pattern Plus is the repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
Harmonic Pattern Scenario Planner is the advanced repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Mean Reversion Supply Demand

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/p...supply-demand/

Introduction to Advanced Price Pattern Scanner (Non Repainting)

Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. It is non repainting pattern detector.
Detectable Patterns
Following pattern can be detected.
1) Triangle (Pattern Code = 0)
2) Falling Wedge (Pattern Code = 1)
3) Rising Wedge (Pattern Code = 2)
4) Double Top (Pattern Code = 3)
5) Double Bottom (Pattern Code = 4)
6) Head and Shoulder (Pattern Code = 5)
7) Reverse of Head and Shoulder (Pattern Code = 6)
8) Cup and Handle or Cup with Handle (Pattern Code = 7)
9) Reverse of Cup and Handle or Cup with Handle (Pattern Code = 8)
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Main Functionality
1) Pattern Detection in Indicator Window: Detected Patterns are located in the indicator window for your market analysis. To view or hide, just click the Circle button in the indicator window.
2) Pattern Detection in Main Window: Detected patterns are also located in the main window for your market analysis. To view or hide, just click the circle button in the main window.
3) Call Patterns: You can also call any patterns at the desired location in your chart. To access Call Pattern feature, click call button. Now you will have pointer in your chart. Move the pointer anywhere in your chart to located patterns, then click “Call” button again. You will see patterns corresponding to the location of pointer.
4) Multiple Timeframe Pattern Detection: You can also scan above patterns across different timeframe from one indicator. You can also switch on and off any specific timeframe per your need. Please note that Multiple Timeframe Pattern Detection requires much heavier computation.
5) Pattern Locking: You can also lock any patterns in your chart for your future use. Just click over Lock button to lock patterns in your chart.
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Here is a Simple Video Tutorial on Advanced Price Pattern Scanner.
YouTube:
Below are the links to Advanced Price Pattern Scanner.
https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/
https://www.mql5.com/en/market/product/24679
https://www.mql5.com/en/market/product/24678
You can also use this product together with Peak Trough Analysis tool to yield better profit. Peak Trough Analysis is free tool for everyone.
Below is how to download this free peak trough analysis indicator.
https://algotrading-investment.com/2019/08/29/how-to-download-peak-trough-analysis-tool/

Excessive Momentum Indicator and Trading Operation

Excessive Momentum Indicator automatically detects the broken balance between supply and demand in the financial market. Detection of this broken balance provides the great market timing for the entry and exit for our trading. In this short article, we explain some of the controllable inputs in the Excessive Momentum Indicator.
There are the four main inputs, controlling the calculation process of Excessive Momentum Indicator. They are:
* Bars To Scan: amount of candle bars to calculate the indicator. Choose bigger numbers if you want to see the calculation over longer historical period.
* Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It can stay between 0.1 and 0.5. In theory, it can go up to 1.0. However, you will not get many signals to trade. The default setting is 0.1. You can try various Momentum Strength Factor to optimize your trading performance if you wish.
* Equilibrium Fractal Wave Scale: This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.
* Detrending Period: This input controls the statistical calculation in the algorithm. It should stay between 20 and 50.
Above four inputs are important because they can affect the number and quality of trading signals. You can use the default setting most of time. However, it is also possible that you can try different inputs and check how they perform in the historical data. Rest of inputs are probably self-explanatory from their name.
Now, let us cover the trading signals. In the Excessive Momentum indicator, you get two signal alerts. Firstly, you will get alert when the Excessive Momentum is starting in the market. In this case, it will notify you the starting price. At this stage, the excessive momentum is not completely expanded yet.
Secondly, you will get alert when the Excessive Momentum is completed in the market. At this stage, you will be notified both starting price and ending price of Excessive Momentum.
Both starting price and ending price of Excessive Momentum form the Excessive Momentum Zone. At which signal you want to trade is up to your choice. You can use the zone as the breakout trading when the zone is narrow. When the zone is sufficiently large, it might be possible to aim some reversal trading opportunity too.
At the same time, this Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version).
YouTube Video Momentum Indicator: https://youtu.be/oztARcXsAVA

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Below is the landing page for Excessive Momentum Indicator.
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

Here is the link to Volume Spread Pattern Indicator (Paid and Advanced Version).
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Here is the link to Volume Spread Pattern Detector (Free and Light Version).
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

Technical Analysis Course

We provide a technical analysis course to raise the Top Trader, capable to use advanced technology and trading philosophy for profiting. In this technical analysis course, we are not only sharing with the practical trading strategy but also we can set your profit goal precisely according to your personal circumstance. In our training course, we will show you how you can maximize your potential profit but in achievable manner with technical analysis. You will learn the best practice to predict market direction and managing your trading risk. In the technical anlaysis course, we will provide the trading stratgy and disclipline that can beat the fund manager and other alternative investment. We welcome both the part time and full time trader as long as you have a time to attend our technical analysis course.
Who need Technical Analysis Course?
In the past, we have communicated with many traders who have traded longer than 3 years. Amazingly, many of them were still far from being disciplined for their trading. Unfortunatley, years you traded in the market does not mean that you are properly educated to survive in the market as there are certain knowedge and practice you need to get covered. Especially, when your goal and result does not align together, this is the sign that you are not ready for your trading. In this case, we do recommend to join our technical analysis course. Then we will help you to get the full control over your trading plan, trading strategy and risk management.
Technical Analysis Course with Price Action and Price Pattern
This technical analysis course makes the heavy use of Price Action and Price Pattern for market timing. Price Action and Price Pattern is easy and scientific. Our Price Action and Pattern Trading does not leave you many grey area for your trading. We will cover you every aspect of your trading with clear manual and instructions. This Practical Training Course is for the people looking to build serious discipline for their trading career. Even if you have the full time job or if you are new to trading, you can still join this technical analysis course. The course will emphasize more on practical part. In our training, we will heavily focus on passing on hand on experience using the trading strategies and the trading software:

1. Introduction to Chart Pattern and Technical Analysis
2. Supply Demand Analysis and Trading
3. Support, Resistance, Triangle, Rising Wedge, Falling Wedge and Channel Patterns
4. Fibonacci Analysis and Trading
5. Harmonic Pattern and X3 Chart Pattern
6. Elliott Wave Theory and Elliott Wave Pattern
7. Value Investing, Fundamental Analysis and Pairs Trading (featured with Correlation and Cointegration)
8. Turning Point Probability and Trend Probability to Predict Market Movement (i.e. Fractal Pattern Scanner)
9. Fractal Cycle Analysis for Advanced Market Timing
10. Risk Management and Hedging
11. and so on

Note that you can apply this course to Forex, Stock Index, Future, Commodity and Bitcoin Trading too. You can check the course details from the link below:
https://algotrading-investment.com/t...alysis-course/

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/2019/07/07/patterns-are-the-good-predictor-of-market-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”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
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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/portfolio-item/harmonic-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/portfolio-item/harmonic-pattern-scenario-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/portfolio-item/profitable-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/

Gartley Pattern Trading

This study provides the guidance for Gartley Pattern Trading by examing 96 Gartley Patterns, historically formed in Forex and stock market index Chart. First screenshot is taken with Garltey Pattern only. Second screenshot is taken with Gartley pattern + Supply Demand Zone + Bollinger Bands. So there are 192 screenshots (96 x 2) in this study. This study uses non repainting and non lagging Harmonic Pattern detection algorithm. Hence, this study will show both failed and successful pattern to provide you the unbiased results. Typically, a repainting indicator will show the successful pattern making it hard to check the real performance of your strategy in historical study in your chart. If you want to become a profitable trader, you should study the strategy in the scientific manner. It basically involves checking the repeatability or reproducibility. We provide this study to enhance the forex and stock trading for the trading community. We also want to add some scientific value for the Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too. The Gartley Pattern in this study has the following Structure:

1. N: 3, C0: 0.618 to T0: 3
2. R0: 1.272, R1: 0.382 -0.886, R2: 0.618

Points to watch out in this study:

1. Price movement around the Pattern Completion Zone (= Trading Zone) in the Gartley Pattern
2. Supply Demand Zone interaction with Gartley Pattern
3. Risk management around the Trading Zone. Look for the trading entry, where at least, Reward > Risk x 2
4. Possibility for breakout trading around the trading zone (=use them as support and resistance)
5. Look for continuation pattern vs reversal pattern

You can find some Reference for this study below:

1. Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
2. Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
3. Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
4. Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
5. Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)

Here is the YouTube Link for Gartly Pattern Trading:

This study was performed using the Robo Advisor built inside Optimum Chart.
https://algotrading-investment.com/2...optimum-chart/
You can also check the similar results using the X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform (Non repainting and non lagging algorithm).
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/
Harmonic Pattern Plus is the repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
Harmonic Pattern Scenario Planner is the advanced repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Volatility Indicator for Day Trading

Volatility indicator can help you to detect any statistical advantage for your day trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend using the Volatility indicator together with your strategy. Without the volatility indicator, you can make small and big mistakes often. We provide the advanced volatility indicators for MetaTrader 4 and MetaTrader 5 platform.

Fibonacci Volatility Indicator
Fibonacci Volatility indicator can provide the market volatility in visual form in your chart for your trading. You can use Daily, Weekly, Monthly and Yearly Volatility for your trading. The most important application of this Volatility indicator is to detect the potential breakout area, potential bullish reversal area and potential bearish reversal area. When you want to visualize the Volatility for your trading, this is the best tool available in the market. Additionally, you can also use the Movable Volatility indicator and you can set the alert at low and high volatile area in your chart.
https://www.mql5.com/en/market/product/52671
https://www.mql5.com/en/market/product/52670
https://algotrading-investment.com/p...ity-indicator/
Harmonic Volatility Indicator
Harmonic Volatility indicator also provides the market volatility in visual form in your chart for your trading. This tool can be used to visualize the Daily, Weekly, Monthly and Yearly Volatility. The difference between Harmonic Volatility indicator and Fibonacci Volatility indicator is that you can only use Probability Configuration mode in the Harmonic Volatility indicator whereas in the Fibonacci Volatility indicator you can access both Probability Configuration and Z Score configuration. This is cheaper than Fibonacci Volatility indicator. Hence, this is the light version of the Fibonacci Volatility indicator.
https://www.mql5.com/en/market/product/29008
https://www.mql5.com/en/market/product/29004
https://algotrading-investment.com/p...ity-indicator/
Double Harmonic Volatility Indicator
This is the cheapest Volatility indicator. This indicator is specialized in the Movable Volatility indicator mostly. Hence, if you only need the Movable Volatility indicator and you want to have more cost effective tool, then use this. However, if you want to have more choice in the Volatility visualization, then use either Harmonic Volatility indicator or Fibonacci Volatility indicator.
https://www.mql5.com/en/market/product/23779
https://www.mql5.com/en/market/product/23769
https://algotrading-investment.com/p...ity-indicator/
GARCH improved Nelder Mead – Free indicator
This is free Volatility indicator that implements the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) methods with Nelder Mead algorithm. This is bit of experimental indicator to realize the GARCH (1,1) model. Hence, we provide this indicator for free. It would be interesting to see how this Volatility indicator works for your trading.
https://www.mql5.com/en/market/product/6918
https://www.mql5.com/en/market/product/6910
https://algotrading-investment.com/p...d-nelder-mead/

In addition, you can watch this YouTube video titled as “Volatility Indicator for Day Trading” to feel what the Volatility indicator looks like in MetaTrader 4 and MetaTrader 5 platform.
YouTube Video “Volatility Indicator for Day Trading” :

Harmonic Pattern Indicator with Japanese Candlestick Pattern

Apparently Japanese Candlestick patterns are popular and helpful tools to trader to predict the market direction. It is possible to use Japanese Candlestick patterns in your Harmonic Pattern Trading. These Japanese candlestick patterns include “Hammer”, “Doji Star”, “Harami”, “Inverted Hammer”, “Break away” and so on.
Here is some short article on how to use Japanese candlestick pattern with Harmonic Pattern Plus. This article meant to be quick guideline on enabling Japanese Candlestick pattern together with Harmonic Pattern. In addition, you can use the Japanese Candlestick Patterns from X3 Chart Pattern Scanner too.
https://algotrading-investment.com/2019/04/19/using-japanese-candlestick-patterns-with-harmonic-pattern-plus/
Link 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/

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/portfolio-item/profitable-pattern-scanner/

Japanese CandleStick Pattern in Price Pattern Scanner

Japanese candle stick patterns are built in feature inside Price Breakout Pattern Scanner. This is kind of bonus feature for customers who are buying our Price Breakout Pattern Scanner.
In Japanese candlestick inputs, you can switch on and off Candlestick pattern according to their type. For example, there are Japanese candlestick pattern made up from one candle bar, two candle bar, three candle bar, etc. You can switch on and off each according to your preference.
As a default setting, Pattern Name will be printed in chart. At the same time, you can bring your mouse over to each Japanese candlestick pattern to float pattern name in tool tip box (MT5 is more responsive than MT4 for this tool tip box) Alternatively, you can also change the angle of pattern name from horizontal to vertical or vice versa depending on your readability. In addition, we provide the YouTube Video for Price Breakout Pattern Scanner. With the video, you can see some basic operation of the price breakout pattern scanner. This video is applicable to both MetaTrader 4 and MetaTrader 5 platforms.
YouTube Video “How To Use Price Breakout Pattern Scanner”:
Download the latest version for the maximum performance and more profits.
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/

Harmonic Pattern – Turning Point and Trend

This article “Turning Point and Trend” tries to answer you on when to use Harmonic Pattern Trading in terms of the four market cycle including Birth, Growth, Maturity and Death. If you want to become profitable trader, then you need to decide when your capital to dive into the market. The best way is doing it with the market rhythm, i.e. the market cycle. This article will provide you the clear answer on how to tune your entry with the market. This is the first step for any trader in choosing their strategy in fact. You would also revise the pros and cons of the turning point strategy, semi turning point strategy and trend strategy.
https://algotrading-investment.com/2...int-and-trend/
Below are the list of automated Harmonic pattern Indicator developed for MetaTrader 4 and MetaTrader 5 platform.
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/portfolio-item/harmonic-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/portfolio-item/harmonic-pattern-scenario-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. 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/

Winning Trading Logic – Detecting Supply and Demand Unbalance

As we have pointed out in our article, detecting the supply and demand unbalance is the most important key in making profits in Financial market. The excessive momentum indicator is the automated tool to detect these unbalance in supply and demand for your trading. With excessive momentum drawn in your chart, it is much easier to predict the timing of new trend and its direction.
Here is the insightful article explaining where the profits comes and how the profits are captured with the knowledge of excessive momentum. If you really want to make money in the market, must read this article. Reading does not cost you anything.
https://algotrading-investment.com/2...entum-trading/
This Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version). You can watch the YouTube videos to find more about the Excessive Momentum Indicator.
YouTube Video Momentum Indicator:
Here is link to Excessive Momentum Indicator available on MetaTrader 4 and MetaTrader 5 platform.
https://algotrading-investment.com/p...tum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621

Using Spread Chart from the Pairs Trading Station in MetaTrader

From Pairs Trading Station in MetaTrader version, you can access the Spread Chart, which is mathematically processed to show the distance between two financial instruments (or between two assets).

You can access the Spread Chart by clicking << button or >> button near the Spread button.
Here is the brief guide on how to interpret the Spread Chart. In this example, we use AUDUSD and XAUUSD as asset 1 and asset 2. The absolute magnitude of these two assets are compared in the normalized sense to compare apple to apple and pear to pear. Two cases exist including the positive spread and negative spread.
In positive spread, AUDUSD (i.e. asset 1) is greater than XAUUSD (i.e. asset 2). Higher the positive spread means that AUDUSD is much greater than XAUUSD in the normalized sense. If the positive spread is small, then the difference between AUDUSD and XAUUSD is also small.
In negative spread, AUDUSD (i.e. asset 2) is smaller than XAUUSD (i.e. asset 2). Higher the negative spread means that AUDUSD is much smaller than XAUUSD in the normalized sense. If the negative spread is small, then the difference between AUDUSD and XAUUSD is also small.

Further you can access more detailed trading operation with below Pairs Trading Manual.

https://algotrading-investment.com/2...g-station_ati/

In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station

To help you understand the spread chart, we also attach the screenshot.

Pair Trading Station is very unique trading system based on Statistical Arbritage trading principle. Below is the direct link to Pair Trading Station for MetaTrader 4 and MetaTrader 5 platform:
https://algotrading-investment.com/p...ading-station/
https://www.mql5.com/en/market/product/3303
https://www.mql5.com/en/market/product/3304

So far, we have explained the functionality of Pairs Trading Station in MetaTrader version, covering both MetaTrader 4 and MetaTrader 5. In addition, we also provide the Pairs Trading Station in Optimum Chart too with more advanced features.
https://algotrading-investment.com/2...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/

Most advanced Elliott Wave Software for MetaTrader 5

MetaTrader 5 is the next generation trading platform developed by Meta Quote who developed MetaTrader 4. MetaTrader 5 is far exceeding trading platform of its predecessor, 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.
Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, etc. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.
Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.
https://algotrading-investment.com/2...g-performance/
At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.
YouTube Link:
Link to Elliott Wave Trend.
https://algotrading-investment.com/p...tt-wave-trend/
https://www.mql5.com/en/market/product/16472
https://www.mql5.com/en/market/product/16479

Gartley Pattern Trading

This study provides the guidance for Gartley Pattern Trading by examing 96 Gartley Patterns, historically formed in Forex and stock market index Chart. First screenshot is taken with Garltey Pattern only. Second screenshot is taken with Gartley pattern + Supply Demand Zone + Bollinger Bands. So there are 192 screenshots (96 x 2) in this study. This study uses non repainting and non lagging Harmonic Pattern detection algorithm. Hence, this study will show both failed and successful pattern to provide you the unbiased results. Typically, a repainting indicator will show the successful pattern making it hard to check the real performance of your strategy in historical study in your chart. If you want to become a profitable trader, you should study the strategy in the scientific manner. It basically involves checking the repeatability or reproducibility. We provide this study to enhance the forex and stock trading for the trading community. We also want to add some scientific value for the Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too. The Gartley Pattern in this study has the following Structure:

1. N: 3, C0: 0.618 to T0: 3
2. R0: 1.272, R1: 0.382 -0.886, R2: 0.618

Points to watch out in this study:

1. Price movement around the Pattern Completion Zone (= Trading Zone) in the Gartley Pattern
2. Supply Demand Zone interaction with Gartley Pattern
3. Risk management around the Trading Zone. Look for the trading entry, where at least, Reward > Risk x 2
4. Possibility for breakout trading around the trading zone (=use them as support and resistance)
5. Look for continuation pattern vs reversal pattern

You can find some Reference for this study below:

1. Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
2. Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
3. Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
4. Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
5. Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)

Here is the YouTube Link for Gartly Pattern Trading:

This study was performed using the Robo Advisor built inside Optimum Chart.
https://algotrading-investment.com/2...optimum-chart/
You can also check the similar results using the X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 platform (Non repainting and non lagging algorithm).
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/p...ttern-scanner/
Harmonic Pattern Plus is the repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
Harmonic Pattern Scenario Planner is the advanced repainting Harmonic Pattern Scanner with tons of powerful features at affordable cost.
https://algotrading-investment.com/p...nario-planner/
https://www.mql5.com/en/market/product/6101
https://www.mql5.com/en/market/product/6240

Turning Point Prediction Review

The new turning point prediction method consists of the turning point probability and fractal cycle analysis. Currently, the turning point prediction method is exclusively used for Forex and Stock market. In fact, the turning point probability and fractal cycle analysis are integrated in the calculation phase of this turning point prediction method. Several terminologies can describe their application. We ordered the terminologies by their word length.

1. Geometric volatility
2. Quantified price action
3. Fractal wave modelling
4. Stochastic cycle modelling
5. Geometric analysis combined with statistics
6. Peak and trough analysis combined with statistics
7. Fractal decomposition or Fractal wave decomposition
8. Price action combined with math or mathematical price action

The above terminologies can be applied to describe the application of the turning point probability and fractal cycle analysis in real world. However, some of the terminology can appeal more to different audience. For example, “stochastic cycle modelling” might be more appealing to the forecasting scientist as they knew some data are more complex beyond the deterministic cycles. Likewise, for the day trader, “price action combined with math” or “mathematical price action” might be more appealing to them if they heard about the price action. Especially, the term “geometric volatility” might provide a lot of insight behind this prediction algorithm to mathematician, even though they have not read this book at all.

In addition, the price tends to move extremely fast when the price starts to reveal their direction. Hence, even though you have waited long time around support or resistance level, the chance of buying at low price or selling at high price can be thin with the market reaction strategy. You just need to be really fast and accurate to get the early entry before other people act. When you predict the market direction with the turning point probability, this helps to get early entry. You have the better chance to get early entry as you have some clue about the market direction from the turning point probability. This can provide a solid advantage to your trading as you can achieve high reward with less effort.
You can read full article about reviewing the turning point prediction from link below.
https://algotrading-investment.com/2...o-years-usage/
Or You can get the entire book: Predicting Forex and Stock Market with Fractal Pattern (Science of Price and Time) from the book distributors. The same chater can be found from Turning Point Prediction After Two Years Usage.
https://algotrading-investment.com/p...actal-pattern/
The turning point probability and fractal cycle analysis are fully implemented in Fractal Pattern Scanner. Below is the landing page for Fractal Pattern Scanner for MetaTrader 4 and MetaTrader 5. The same products are available on www.mql5.com too.
https://www.mql5.com/en/market/product/49170
https://www.mql5.com/en/market/product/49169
https://algotrading-investment.com/p...ttern-scanner/
Below is the landing page for Optimum Chart
https://algotrading-investment.com/2...optimum-chart/