professional Forex EA+indicator 100% accurate expert advisor (boot) (mt4)

The indicator is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels.

It detects 19 different harmonic price formations

It plots primary, derived and complementary fibonacci projections

It evaluates past price action and displays every past pattern

The indicator analyzes its own quality and performance

It includes a multi-symbol and multi-timeframe scanner

It displays suitable stop-loss and take-profit levels

It uses breakouts to signal suitable trades

It plots all the pattern ratios on the chart

It implements email/sound/visual alerts

Inspired by Mr. Scott M. Carney's book -Harmonic Trading Vol. 1-, this indicator has been designed to fulfill the needs of the most purist and exigent traders. However, it implements a twist to make it easier to trade: it waits for a donchian breakout in the right direction before signaling the trade, making its signals very reliable.

Fibonacci projections are vector-independent

It implements email/sound/push alerts

It plots the ABCD projection

Usage Tips

The amplitude parameter controls the pattern size in bars

Load the scanner indicator once to monitor many symbols and timeframes

Patterns can expand but signal breakouts mostly do not: wait for signals

Avoid trading if higher timeframes display a strong trend against your trade

Use the suitable SL and TP levels displayed by the indicator

Technical Information

The indicator evaluates at bar closing only

Patterns are displayed as soon as the XD and CD ratios are valid

Patterns can expand, repaint and become other patterns, with different names

Breakouts are mostly non repainting and enough to reverse the market movement

Set a higher breakout period to decrease the odds of the indicator repainting

Stop-loss and take-profit levels are calculated using fibo ratios

The scanner loads blank, it never scans patterns to the past

The scanner opens charts using your default chart template

Important: Some pattern names have been renamed to self-explanatory alternatives to comply with a trademark complaint from Mr. Scott M. Carney, who owns the following trademarks in the USA: Harmonics, Harmonic Trading, Bat Pattern, Butterfly Pattern, Shark Pattern, Crab Pattern and Five-O Pattern.