Birth of New Trend Tipple Entry Harmonic Pattern Trading

New Article – Insignificant Turning Point, Local Turning Point and Global Turning Point

Here is another article explaining some useful concept for your Forex and Stock Market Trading. Of course, this is free article to improve your trading performance. The article explain what are the insignificant turning point, global turning point and local turning point when you trade with reversal trading setup.
https://algotrading-investment.com/2020/06/01/insignificant-turning-point-local-turning-point-and-global-turning-point/
In addition, you can also have an access to important free articles for your trading here.
https://algotrading-investment.com/2019/07/23/trading-education/
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There are several class of technical analysis useful to pick up the turning point. For example, Harmonic Pattern and Elliott Wave Patterns are one of them. Here is the list of few Harmonic Pattern Indicator available in MetaTrader 4 and MetaTrader 5.
Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them.
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/
X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern, Elliott Wave pattern and X3 pattern Scanner. Below is links for them.
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/
In addition, you can watch the YouTube Video to 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

Showing Historical Patterns in X3 Chart Pattern Scanner

In trading, you get your profits as good as your tools and knowledge. X3 Chart Pattern Scanner is the superb Harmonic Pattern and Elliott Wave Pattern Indicator using the next generation pattern detection algorithm (The first Non Repainting + Non Lagging Harmonic pattern indicator.). To understand and to test your strategy, simply increase bars to scan to some higher number like 5000 or 10,000. Initially bars to scan is set to 250 to save some computation but you can increase as many as you can to just check your strategy. Screenshot shows how to do it.
1. Optimize your Strategy per symbol and per timeframe
As you can see, Harmonic Pattern and Elliott Wave pattern will perform differently per symbol and per timeframe. Hence, check history signals per symbol and per timeframe to optimize your strategy per symbol and per timeframe. While you are studying these patterns with Profitable Pattern scanner, you will gain more and more knowledge and skills for your trading.
2. Secondary Confirmation to improve your profits
To improve success rate, make sure that you are studying various indicators and filters together with the historical signal patterns in the scanner as secondary confirmation. In my opinion, you will gain practical knowledge within few weeks whereas other harmonic pattern trader takes typically 1 to 3 years to grab knowledge of harmonic pattern trading (and 2 to 4 years for Elliott wave trading). This is great advantage with this non repainting indicator.
3. Set Bars to Scan input = default in live trading to save computation
Another important note is that make the “Bars to Scan” input to 250 after you have finished your studying with historical signal patterns. If you leave Bars to Scan = 10,000, etc, this would be too heavy for your MetaTrader. For your live trading, set Bars to Scan = 250 or as small as possible. Since live trading results and historical signals are the same, you will not get lost anything even if you set Bars to Scan = 250 or other reasonably small number.
4. Simple and Easy to trade
Beside all this sophisticated technology running before your PC, trading with X3 Chart Pattern Scanner is easy and simple because of its non repainting features. Just study your charts and trade with what you see from your charts.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/41992
https://www.mql5.com/en/market/product/41993

Generating Income with Chart Patterns

Profitable Chart Patterns include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave, X3 Chart Patterns as well as many other tradable patterns.
Chart Patterns are the good buy and sell signal generator for trading. It provides you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.
In addition, it is useful because it is extremely easy to combine with other analysis technique in your trading decision. In this short book, we provide the details of these chart patterns in Forex market with some practical tutorials.
In this book below, we explain how to make the best use of Chart Patterns for your trading. What is even better, we have included the bonus chapter of support and resistance.
Website links: https://algotrading-investment.com/p...-stock-market/
Below is the Harmonic pattern, Elliott Wave patterns and X3 pattern detection tools developed for MetaTrader, the most popular Forex Trading platform.
1. 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.
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/
2. 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.
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/
3. X3 Chart Pattern Scanner
X3 Chart Pattern is our next generation Chart Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Chart Patterns. It can detect over 20 Chart Patterns. The bonus is that you can also detect around 52 Japanese candlestick patterns.
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/

Gartley Pattern – Harmonic Pattern

We provides the testing results for Gartley Pattern in Forex and stock market. Gartley Pattern is considered as the harmonic pattern too. This study uses non repainting and non lagging Harmonic Pattern detection algorithm and the detection algorithm is synchrozined between history and live trading. Hence, this study will show both failed and successful pattern to provide the unbiased results, which is close to the real performance. Typically, a repainting indicator will show the successful pattern only making it hard to check the real performance of your strategy. Hence, you can not check the real performance of the strategy using the repainting indicator. With our Pattern Detection algorithm, you can trade what you see. That can be done by only one button click.
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 Fibonacci pattern, Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too.
We used the Optimum Chart to test this pattern. You can also use X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 to get similar results. 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. Risk management around the Trading Zone. Look for the trading entry, where at least, Reward > Risk x 2
3. Possibility for breakout trading around the trading zone (=use them as support and resistance)
4. Look for continuation pattern vs reversal pattern

You can use this Reference to find out how to use these price patterns for your trading.

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 PDF file presenting Gartley Pattern In Forex Market.
https://algotrading-investment.com/m...in%20Forex.pdf
Here is the PDF file presenting Gartley Pattern in Stock Market.
https://algotrading-investment.com/m...k%20Market.pdf
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

Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

Multiple Timeframe Analysis is a convenient feature when you want to trade with Harmonic Pattern. It allows you to alert the latest harmonic pattern across all timeframe. It is handy that you can view all these patterns in one place. Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all. Also there is small “M” button in your chart in case, you want to refresh multiple timeframe pattern scanning manually. If you are using MetaTrader 5 platform, then you might need this sometimes when data is not fully loaded in your MetaTrader. Especially, in MetaTrader 5 platform, it can take sometime to load data on lower and higher timeframe. However, once they are loaded, you should be able to see the patterns detected across all timeframe. In fact, this longer data loading is done because MetaTrader 5 platform is loading tick by tick data, which is really heavy for your CPU and Memory and this can not be controlled by the indicator. Hence, we can not blame the platform builder anyway as they tried to do something good intentionally in their end. Since in MetaTrader 4, they only load Open, High, Low and close price, the data loading time is pretty fast and not noticeable most of time. Please have a look at the YouTube video to understand the multiple timeframe analysis better with Harmonic Pattern.
Please watch YouTube video for full explanation:
Link to Harmonic Pattern Plus
https://algotrading-investment.com/p...-pattern-plus/
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
Link to Harmonic Pattern Scenario Planner
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 List for Day Trading

Volatility indicator can help you to detect any statistical advantage for your trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend to use the Volatility indicator together with your strategy. 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 too.
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.
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/

MetaTrader Elliott Wave Indicator

We provide two powerful Elliott Wave Indicators in both MetaTrader 4/ MetaTrader 5. Hence, you have two choice in selecting Elliott Wave Indicators for your trading.

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/p...tt-wave-trend/
X3 Chart Pattern Scanner
X3 Chart Pattern Scanner is specialized tools in detecting profitable patterns including Harmonic Pattern and Elliott Wave Patterns. Pattern detection process is fully automatic + you can even create customized Elliott wave patterns if you wish.
https://www.mql5.com/en/market/product/35602
https://www.mql5.com/en/market/product/35603
https://algotrading-investment.com/p...ttern-scanner/

Bat Pattern – Harmonic Pattern

We provide the testing results for Bat Pattern in Forex and stock market. Bat Pattern is the harmonic pattern used by technical analyst. This study uses non repainting and non lagging Harmonic Pattern detection algorithm and the detection algorithm is synchrozined between history and live trading. Hence, this study will show both failed and successful pattern to provide the unbiased results, which is close to the real performance. Typically, a repainting indicator will show the successful pattern only making it hard to check the real performance of your strategy. Hence, you can not check the real performance of the strategy using the repainting indicator. With our Pattern Detection algorithm, you can trade what you see. That can be done by only one button click.
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 Fibonacci pattern, Harmonic Pattern, X3 Chart Pattern and Elliott Wave Pattern too.
We used the Optimum Chart to test this pattern. You can also use X3 Chart Pattern Scanner in MetaTrader 4 and MetaTrader 5 to get similar results. The Bat Pattern in this study has the following Structure:

1. N: 3, C0: 0.886 to T0: 3
2. R0: 1.618-2.618, R1: 0.382 -0.886, R2: 0.382-0.500

Points to watch out in this study:

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

You can use this Reference to find out how to use these price patterns for your trading.

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 PDF document presenting Bat Pattern In Forex Market.
https://algotrading-investment.com/m...in%20Forex.pdf
Here is the PDF document presenting Bat Pattern in Stock Market.
https://algotrading-investment.com/m...k%20Market.pdf
Here is the YouTube Video for Bat Pattern in Forex Market.

Here is the YouTube Video for Bat Pattern in Stock Market.

Bat pattern detection 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

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/

Harmonic Pattern Indicator List for MetaTrader 4

Harmonic Pattern Indicator provide a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic harmonic pattern detection for your trading ?
We provide the list of Harmonic Pattern Indicator for your MetaTrader 4 platform. These harmonic pattern indicators are not only detecting harmonic pattern but they also provide the addtional features to help you to win in your trading.
1. Harmonic Pattern Plus for MetaTrader 4
Harmonic Pattern Plus is the harmonic pattern scanner. It can detect harmonic patterns with predefined 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, automatic channel, etc.
https://www.mql5.com/en/market/product/4488
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. X3 Chart Pattern Scanner for MetaTrader 4
X3 Chart Pattern Scanner is non repainting and non lagging pattern scanner for Harmonic Pattern, Elliott Wave pattern and X3 patterns. It is the most advanced but user friendly harmonic pattern indicator. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns + advanced Channel features. This is the most advanced Harmonic and Elliott wave scanner in the market. You must try.
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

3. Harmonic Pattern Scenario Planner for MetaTrader 4
With additional features of predicting future harmonic patterns, this is the tactical harmonic pattern indicator with advanced simulation capability on top of many powerful features of harmonic pattern plus. Try it then you will know its power.
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

In addition, you can watch the YouTube Video to 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

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/p...-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/p...ttern-scanner/

Price Breakout Pattern Scanner for Metatrader

Price Breakout Pattern Scanner is the powerful pattern scanner designed to solve the puzzle of the market geometry beyond the technical indicators. With built in Japanese candlestick patterns + Smart Renko features together, Price Breakout pattern scanner can help you to define the accurate market entry for your breakout trading. Here is some screenshots from Price Breakout 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/p...ttern-scanner/
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”:

Fractal Pattern Scanner – Trading Operation

In this short article, we will explain the trading operation with turning point probability for Fractal Pattern Scanner in MetaTrader and in Optimum Chart. Fractal Pattern Scanner is the powerful tool to predict the Forex and Stock market. It is the highly predictive tool that quantifies the price action at every wave in your chart. Fractal Pattern Scanner provides three main features. The three features include:
1. Turning Point Probability Measurement (Essential feature that you can use everyday)
2. Breakout and Reversal Trading Signal Detection with Mother Wave detection
3. Automatic Gann Angles (Bonus feature and optional use only)
The turning point probability measurement is the essential to your daily trading. The turning point probability basically quantifies the price action in your chart. Quantifying the price action will provide you the another level of trading experience. Capability to access the turning point probability in one button click is really handy feature for every day trader on the earth. In addition, Fractal Pattern Scanner provides the probability scanning capability across all timeframe. You can also switch on and off the multiple timeframe pattern detection. When you set Detect Mother Wave = false, you can run the Fractal Pattern Scanner as the pure probability machine.

The turning point probability is a powerful tool that you can use it as both reversal trading or breakout trading within your technical analysis. You can watch this YouTube video titled as “Breakout Trading vs Reversal Trading (Turn Support & Resistance to Killer Strategy)” in this link below to get some hands on practice with breakout and reversal trading opportunity with Support and Resistance Technical Analysis.
YouTube Video Link:

Mother wave pattern detection can be considered as the statistical representation of the Elliott Wave Theory. For example, Mother wave pattern detect the pattern inside pattern structure, where small patterns are jagged inside big pattern, like the Elliott Wave pattern. We can use this pattern inside pattern to trade both reversal and breakout trading. Fractal Pattern Scanner does the excellent job in detecting these signals automatically. When you set Detect Mother Wave = true, then Fractal Pattern Scanner will detect trading signal using Mother wave pattern detection. Even in that, you can also perform both breakout and reversal trading automatically.

1. If you want to use Breakout Trading Mode, then set Detect Breakout Opportunity = true.
2. If you want to use Reversal Trading Mode, then set Detect Breakout Opportunity = false.

You can also watch the YouTube Video titled as “Breakout Trading Signal Explained” to understand the breakout trading with mother wave detection.
YouTube video link:

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Mother Wave Pattern Explained further
The idea behind the Breakout trading with Mother wave is to detect mother wave relatively young and fresh. Those young and fresh mother wave will be typically found in the low turning point probability area. Then what does “First Child Price Probability” input do ? It is the criteria for how small first child wave could be when the mother wave pattern is detected. If this is even hard to understand, then you can think it is the size of mother wave.
If you set the First Child Price Probability = 30%, then Fractal Pattern Scanner will detect first child wave with its size less than 30% amplitude. Likewise, if you set the First Child Price Probability = 50%, then Fractal Pattern Scanner will detect first child wave with its size less than 50%. For your information, the detected mother wave patterns does not provide any sort of geometric regularity detection in the case of breakout trading. We have taught you several geometric regularity detection like support, resistance and triangle and wedge patterns. You will need similar sort of operation here.
In the reversal trading mode with Mother Wave, the size of first child wave is no longer required to be controlled. However, we can control the size of Mother wave. The idea behind the reversal trading mode is to detect mature mother wave pattern that are likely to make reversal movement. Hence, it is better to find these mother wave patterns in high probability area in the probability graph.
For this reason, we have set the mother wave price probability = 80%. You can set even higher number if you wish. When you are using reversal trading mode, we provide automatic Fibonacci expansion to help you to decide the final turning point. This is sort of geometric regularity you can use. But you can use any other geometric regularity we have taught you in our articles and books too like Harmonic Pattern or Elliott Wave patterns, etc if you are good with them.
Here is some important tips. From our experience, some Forex symbols are better with breakout trading mode. Some Forex symbols are better with reversal trading mode. To find out the best trading approach, just set Bars to Scan = 6000 or higher. Just find how each trading mode is profitable in the chart.
You can also use strategy tester for this purpose too. When you are using the strategy tester, then set Calculating with Trailing Data = true. This will tell the Fractal Pattern Scanner to calculate the probability with trailing data (i.e. technical analysis approach) rather than the statistical approach. When you are using technical analysis approach, the probability will be calculated like other technical indicators like Moving average indicator or RSI indicator using trailing data. In statistical approach, the entire data will be used to calculate probability.
Statistical approach and technical analysis approach does not matter for the latest pattern to trade. It is only matter for historical patterns for your information. I personally prefer to calculate the probability using Statistical approach because it provides the identical probability across all price series.
I guess it is too much mathematical talk. I will cut it out. If you do not want to think, then just remember these two cases.
A. If you want to see the historical patterns in your chart, then set “Calculating with Trailing Data” = false.
B. When you are using the strategy tester, then set “Calculating with Trailing Data” = true.
Landing Page to Fractal Pattern Scanner
https://www.mql5.com/en/market/product/49170
https://www.mql5.com/en/market/product/49169
https://algotrading-investment.com/p...ttern-scanner/

Landing Page to Optimum Chart
https://algotrading-investment.com/2...optimum-chart/

Price Patterns to Identify the Potential Turning Point and Trend

To understand the technical turning point, it is important to check its connection with economics. For example, in Stock market trading, the underlying value of a company can explain the occurrence of the major turning point in the market. Likewise, in the foreign exchange market, the strength and weakness of a currency is often influenced by the fundamental value of a country. The fundamental and economic data release can cause to change the direction of the current price movement. As a result, they often become the major driving force behind the bullish and bearish turning point. Hence, to understand why an important turning point occurs in the financial market, we recommend you to look at following three cases.

1. Turning point in the Stock market with “Value investing”
2. Turning point in the Forex market with “Fundamental analysis”
3. Pairs Trading with turning point

When you understand the driving force of the turning point in connection with economics, it helps you to follow the flow of the smart money from the investment banks and hedge funds. Besides, the price pattern can also help you to predict the turning point technically. When you apply the price pattern together with the knowledge of the fundamental driving force of the turning point, you can increase your performance marginally. Therefore, it is important to understand the price patterns used by the trading community last 100 years. We list the important price patterns for your technical analysis below.

1. Horizontal support and resistance
2. Diagonal support and resistance (i.e. trend lines)
3. Triangles and wedge patterns
4. Fibonacci analysis
5. Harmonic pattern
6. Elliott wave theory
7. X3 Chart Pattern

To apply these price patterns better in practice, we must understand the origin of these price patterns with the scientific view. Fractal and fractal wave can explain the scientific rational behind these price patterns. Hence, we will look at how these price patterns are connected with “Fractal” and “Fractal Wave”. The scientific knowledge around these price patterns will help you to understand the flow of the financial market as said by Mark Twain “History Doesn’t Repeat, But It Often Rhymes”. In addition, you will find out that “Fractal” and “Fractal Wave” is the powerful tool to overcome the limitation of the modern trend and cycle analysis. The price patterns are in fact the practical application of “Fractal” and “Fractal Wave” in the financial market. Furthermore, we will provide the universal pattern framework to help you understand these price patterns with one unified knowledge. Therefore, we will make use of the X3 Pattern Framework while educating these price patterns.


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. Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/
With Fractal Pattern Scanner, you can quantify your trading opportunity with the support and resistance whether they are diagonal or horizontal. 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/
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/

Advanced Price Pattern Scanner Versus Price Breakout Pattern Scanner

Many of you can be curious how our Advanced Price Pattern Scanner and Price Breakout Pattern Scanner are different from each other. Simply speaking, Advanced Price Pattern Scanner is the non repainting price pattern scanner whereas Price Breakout Pattern Scanner is based on repainting pattern detection. You will feel that Advanced Price pattern Scanner is using completely new pattern detection algorithm from Price Breakout Pattern Scanner. Even same patterns are detected in different timing between them due the the different pattern detection algorithm.
However, Advanced Price Pattern Scanner is more expensive. Hence, if you are concerned with the price. Then you can still go ahead with Price Breakout Pattern Scanner. Price Breakout Pattern Scanner will do generally everything for your need from price pattern detection + Japanese candle stick pattern detection and so on. If you need the non repainting price pattern scanner, we certainly recommend to use Advanced Price Pattern Scanner. In addition, Advanced Price Pattern Scanner also provides the multiple timeframe pattern detection helping you to reduce number of charts to open.
Here are the links for Advanced price Pattern Scanner.
https://algotrading-investment.com/p...ttern-scanner/
https://www.mql5.com/en/market/product/24679
https://www.mql5.com/en/market/product/24678
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/

New Article –Rolling Ball Effect and Harmonic Pattern Trading

Rolling ball effect is something you must understand for your reversal trading. Especially, if you are interested in harmonic pattern trading or elliott wave trading or rising wedge or falling wedge patterns, then this is a must understand concept before using them in practice. You can save tons of money in trading by reading this simple article.
Read entire free article from below link:
https://algotrading-investment.com/2...ttern-trading/
In addition, you can also have an access to important free articles for your trading here.
https://algotrading-investment.com/2...ing-education/
You can watch the YouTube Video to 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”:
In addition, here is the landing page for two harmonic pattern scanner available in MetaTrader 4 and MetaTrader 5 platform in regards to above YouTube video. First one is harmonic pattern plus and the second one is the X3 Chart Pattern Scanner.
Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the powerful harmonic pattern indicator at affordable cost with tons of advanced features. Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. Below is links for Harmonic Pattern Plus.
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/p...-pattern-plus/
X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and X3 Price Pattern Scanner. In addition, X3 Chart Pattern Scanner is built in with 52 Japanese Candlestick patterns + advanced Channel. Below is links for 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/

Turning Point and Trend

When you trade in the financial market, the first thing you need to understand is the turning point and trend. Especially, this is important in the context of your trading strategy. If you read many trading articles and books, you will find the diverse opinion over turning point and trend. Many people view turning point and trend as two separate subjects. However, it might be better to understand turning point and trend as one subject. Let us try to understand the trend. To do so, let us take human as an analogical example. We are born, we grow up, we become mature, and then we die. During this process, we can observe that there are four main stages. These four stages are universal across many creatures and objects observable in the earth.

1. Stage 1: Birth
2. Stage 2: Growth
3. Stage 3: Maturity
4. Stage 4: Death

To find the location of trend and turning point during these four stages, please check the attached screenshot. For your forex and stock market trading, it is important to understand where your entry will be placed among the four stages. As well as understanding the momentum and mean reversion trading, the turning point and trend are also the important market timing knowledge for your forex and stock market trading.
The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the untold story of the trend and turning point strategies. 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/

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.
After understanding the trend and turning point, we can improve your forex and stock market trading in many different ways. One way we did it was to combine the turning point probability and trend probability with your traidng. The direct representation of its principle can be found from our Fractal Pattern Scanner. You have the full access to the turning point probability and trend probability from Fractal Pattern Scanner to improve your support and resistance trading. Please have a look at the indicator.
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/p...ttern-scanner/
At the same time, you can use Harmonic Pattern to predict the potential turning point. However, Harmonic Pattern Detection could be tedious process if you have to do them manually. You can use the automated tool for your trading. If you are looking for the Harmonic Pattern Scanner, then here are some choice between repainting harmonic pattern scanner and non repainting harmonic pattern scanner. We present one repainting and one non repainting harmonic pattern scanner for your information below.
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/

Scan and search future harmonic patterns with Harmonic Pattern Scenario Planner

Harmonic Pattern Scenario Planner is a tool you can scan and search future harmonic patterns in just one button click. It would detect any potential future harmonic patterns in your search range using the algorithm like Monte Carlo simulation. You can even get the potential take profit and stop loss of the future patterns even before they form. What is even more, you can use all the features and functionality of harmonic pattern plus from your harmonic pattern scenario planner too.
Have watched this interesting movie called “Next” ? Check out the guy can see the few minutes into the futures. How powerful the 2 minutes vision for future is. Predicting future is very tactical game but it is hard because future keep changing based on the presents. However, it is definitely an interesting game. As a trader, you can gain a lot of advantage over other traders by predicting futures.
http://www.imdb.com/title/tt0435705/
This movie like predicting concept was equipped in our Harmonic Pattern Scenario Planner. check the power of predictive harmonic pattern for your trading. We are only one selling this future predictive harmonic pattern scanner in the universe.
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

Conquer Profitable Chart Patterns for Forex

Chart Patterns study is the different animal for your trading in comparison to technical indicators. It is the ultimate tool to solve the market geometry for the Forex and Stock market trader. We went beyond any individual in developing the powerful Pattern detection indicators and scanner in last 10 years. These tools are already appreciated by top professional trader in the world. We supply these powerful pattern detection indicator and pattern scanner in both MetaTrader 4 and MetaTrader 5.
1) 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.
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/
2) 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.
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/
3) X3 Chart Pattern Scanner
X3 Chart Pattern Scanner is our next generation Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Chart Patterns. It can detect over 20 Chart Patterns. The bonus is that you can also detect around 52 Japanese candlestick patterns. In addition, we have added the powerful channel function for more accurate buy and sell decision making.
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/
Together with above indicators, you can also use Volume Spread Zone analysis. Our volume spread analysis is free tools you can use. This means absolutely free to download and to use.
https://algotrading-investment.com/2019/09/06/harmonic-pattern-with-volume-zone-oscillator/

Volatility Indicator List for Day Trading

Volatility indicator can help you to detect any statistical advantage for your trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend to use the Volatility indicator together with your strategy. 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 too.
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.
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/