If you're into trading, you know that harmonic patterns can be a game-changer. These patterns rely on five price extremes and specific relationships between them, but spotting them can be tricky. That’s where our handy tool, the Harmonic Pattern Finder, comes into play. Now in its second version, this indicator boasts several upgrades that make it faster and easier to use than ever!
- Discover over 50 new patterns.
- Enjoy a more appealing visualization and styling.
- Utilize an improved matching algorithm for identifying emerging patterns analytically.
- Get insights on potential reversal zones (P.R.Z.), pattern names, and point labels.
- Choose from multiple ZigZag options in the settings.
Installation:
The Harmonic Pattern Finder relies on a ZigZag indicator to pinpoint peaks and troughs, so make sure you've got at least one ZigZag indicator installed in your "Indicators/Downloads" directory. Here are the compatible ZigZags you can use:
- Fast ZigZag
- Professional ZigZag (Note: You’ll need to place alexstal_outsidebar.mqh in the "Include" directory)
- Swingchart
If you’ve downloaded these ZigZag indicators before, you won’t need to reinstall them. If not, don’t worry—they’re included with this download!
Fig. 1: End of the P.R.Z. shown as lines, helping you assess risk before making a trade.
Fig. 2: Patterns can be filled, and emerging patterns shown, allowing you to anticipate trading opportunities ahead of time.
Authors:
This indicator is the result of a fantastic collaboration between Andre Enger and David Gadelha.
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