The indicator detects harmonic patterns that are plotted on the graph using manual and automatic methods. The
consumer’s manual is available at this link:
This is the free version of the product. You can use it to detect Gartley and Nenstar patterns:
- If you’re using Windows 10, click the MetaTrader icon > “Compatibility” > > “Override
High-resolution Zoom style” > > > “System (Advanced)” to get the best display settings (for
- This indicator is an interpretation of the theory of harmonic trading to determine the harmonic patterns on the
chart. You can read it in a book by Scott Carney called “Harmonic Trading vol 1 and 2”.
- The indicator has price and time lines for alerts.
- The indicator builds a Fibonacci fan on the detected patterns.
- The indicator builds beams of Pivots/Camarilla/Patterns.
- You can load manually drawn objects from higher timeframes to lower timeframes.
- The reset button clears all saved timeframe settings (all / current).
- The indicator has a built-in system for sending alerts / alerts, which provides goal points/stop levels/entry points in the form of
- The indicator detects divergences (yellow and orange arrows), which serve as a good confirmation.
- The indicator calculates the best lot size for each pattern that corresponds to the balance risk specified in the settings.
- The indicator also detects price action patterns (Pinbar, insidebar,outsidebar).
- You can use the buffers of this indicator to create Expert Advisors using the following code:
- use_system_visuals – enable / disable the visual appearance of the indicator.
- show_last_candle_counter – enable / disable the candle timer.
- candle_counter_color – color of the candle timer.
- accuracy_percent – percentage for the accuracy of determining the proportions of patterns.
- Bullish_Pattern_Color – the color of the bullish patterns.
- Bearish_Pattern_Color – the color of the bearish candlestick patterns.
- abcd_color – color of the AB=CD patterns.
- manual_pattern_color – color of the hand-drawn patterns.
- show_proportions – show / hide the proportions of the patterns.
- show_prz – show / hide potential reversal zones.
- targets_only_completed_d – enable / disable displaying target levels only on completed patterns.
- Font_Color – color of the text.
- fan_color – the color of the Fibonacci fan.
- send_alert – enable / disable alerts.
- send_notification – enable / disable notifications.
- send_email – enable / disable email notifications.
- insidebar_sensor-enable / disable recognition of insidebar price action patterns.
- outsidebar_sensor-enable / disable recognition of outsidebar price action patterns.
- pinbar_sensor-enable / disable pinbar price action pattern recognition.
- risk_percent – risk percentage for calculating the stop loss value based on patterns and account balance.
- history_bars – the maximum number of bars used for calculations.