Fibonacci levels have been used in trading for about 85 years, since the creation of the Elliott Wave Theory. Until now, traders use Fibonacci analysis to determine price patterns. However, we couldn’t find any examples of using Fibonacci analysis to work with volatility. The Harmonic Volatility indicator is the first technical tool that uses Fibonacci levels to analyze market volatility. The Harmonic Volatility indicator was originally developed as a way to overcome the limitations and weaknesses of the Gann angle, also known as the “Gann Fan”. We have demonstrated that the Harmonic Volatility indicator can be used on a chart in a similar way to the Gann angle (or Gann Fan). At the same time, since volatility is very important information for traders, the Harmonic Volatility indicator gives traders many other advantages. The Harmonic Volatility indicator can be used to identify pivot points. More importantly, the Harmonic Volatility indicator can be combined with existing technical analysis tools to improve trading. It is also an effective indicator for identifying a mature trend at the final stage. The next level of the Harmonic Volatility indicator is Double Harmonic Volatility, which uses two such indicators to automatically place on the chart at important peaks and troughs. This tool can be used to determine important support and resistance levels, trend reversal points, and trend strength. For the most efficient trading and for your convenience, we have added many automatic functions.

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The Double Harmonic Volatility indicator can operate in more than four different modes.

The indicator has four important parameters for selecting the operating mode.

• Use Double Harmonic Volatility-if set to true, the indicator will work in double Harmonic Volatility mode. If the parameter is set to false, the Expert Advisor will work in daily, weekly or monthly mode.
• Use Daily Harmonic Volatility – this parameter is only active if ‘Use Double Harmonic Volatility’ is set to false.
• Use Weekly Harmonic Volatility-this parameter is only active if ‘Use Double Harmonic Volatility’ is set to false.

For the rest of the parameters, the default values are suitable in most cases.

Most traders trade without seeing the full picture of market volatility. Regardless of your trading strategy, the Double Harmonic Volatility indicator shows a more systematic picture of the current state of the market. For example, you have found a pattern that is suitable for the Fibonacci analysis. Why not make an entry in this case, even if the market volatility is determined by the Fibonacci analysis? Despite all the advantages of using the Harmonic Volatility indicator, you still need knowledge and training to trade successfully in the financial markets. This is not a “bulletproof” trading system.

The Double Harmonic Volatility indicator is a flexible tool that can be combined with other technical analysis methods. It can be combined with any technical indicator or other price action tools. The Double Harmonic Volatility indicator is one of the few tools that directly supports pair trading, also known as”spread trading”. Please test the indicator thoroughly before purchasing.

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