Locked PZ Harmonacci Patterns 11.6 for MT4

Discussion in 'Forex Indicators MT4' started by SozidateL, 1 December 2019.

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    3. Yarvua, 4. (anonym)
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    5. spqwaw, 6. Tony Mc;
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  1. SozidateL

    SozidateL Member

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    #1 SozidateL, 1 December 2019
    Last edited by a moderator: 21 April 2023
    PZ Harmonacci Patterns 11.6 for MT4



    The Harmonacci Patterns 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.

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  2. Yarvua

    Yarvua Well-Known Member

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    Hi,

    Yes, I found the (unofficial) version 10 on the internet and
    I immediately loved this very reliable indicator.

    That's why I launched this GB for version 11.6.

    You don't want to share it here ? :D
     
  3. Niko23

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  4. Yarvua

    Yarvua Well-Known Member

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    Hi Chris,

    It is simple

    Create a post in this section and put the link to a folder on Google Drive (or something like that).

    https://clubbingbuy.com/forums/indicators.39/

    That's it ! ;)

    Thanks in advance :)
     
  5. Chris Daly

    Chris Daly Member

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  6. Yarvua

    Yarvua Well-Known Member

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    Niko23 likes this.
  7. Niko23

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    Already paid by XRP.
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