MetaTrader 4 Harmonic Patterns Scanner

MT4 Harmonic Patterns Indicator
MetaTrader 4 Harmonic Patterns Scanner is an indicator used for automatic and continuous detection of harmonic patterns on price charts identified using calculations based on Fibonacci ratios.

Harmonic Scanner is specially adapted for use in MetaTrader 4 platform and is a multi-currency and multi-time frame indicator – on the same chart it displays detected harmonic patterns for all symbols and time frames simultaneously: from one minute (M1) to one month (MN).

Harmonic Scanner is a professional tool for a trader which main purpose is to correctly and fully automatically identify harmonic patterns to improve the accuracy of price movements’ prediction and trades’ entries.



Scanner interface and functionality

MT4 Harmonic Patterns Scanner
MetaTrader 4 Harmonic Patterns Scanner
Harmonic Scanner is an informative dashboard that displays the results of a technical analysis of all trading instruments available in your MT4 terminal on all time frames, which allows the trader to instantly assess market conditions and to not miss the opportunity to open a profitable trade and to be able to earn significantly more profit.

Effective developed scanner algorithm ensures high accuracy of pattern identification, speed of calculations and quick response of the program to evolving market conditions.

The dashboard contains:
  • symbol
  • timeframe
  • name of the pattern that has been identified as the closest one to the current market price
  • direction of a potential trade: a signal to buy (Up) or sell (Down)
  • price of point D (the entry price at which the pattern is considered as formed and a trade should be executed)
  • number of pips remained to point D level
Convenient scanner functionality eliminates the need to clutter up your trading terminal with dozens of charts, and then switch through them looking for trading signals.

All the necessary information about Harmonic Patterns detected on currency pairs and timeframes is presented in one window in the dashboard, using which you can switch between charts in one click.

The dashboard is not piled up with various graphical analytical tools and additional calculations displayed on the chart, which allows the trader to see only the most important information and focus on decision making.

The scanner provides notifications functionality that can be used to receive emails, mobile phone notifications and MT4 alerts upon trading signal occurrence.

Calculation ratios

The scanner identifies the most popular among traders harmonic patterns, which are recognized as universal and can be applied to all markets and time intervals. Each pattern has bullish and bearish versions, which determines the direction of a trade (buy or sell):
  • Bat
  • Gartley
  • Butterfly
  • Crab
  • Cypher
  • Shark
Harmonic Patterns
6 most popular Harmonic Patterns
PatternABBCCDXDXC
Bat0.618
retracement of XA
0.382-0.886
retracement of AB
1.128-1.618
extension of BC
0.786
retracement of XA
X
Gartley0.382-0.5
retracement of XA
0.382-0.886
retracement of AB
1.618-2.618
extension of BC
0.886
retracement of XA
X
Butterfly0.786
retracement of XA
0.382-0.886
retracement of AB
1.618-2.618
extension of BC
1.272–1.618
extension of XA
X
Crab0.382–0.618
retracement of XA
0.382-0.886
retracement of AB
2.24–3.618
extension of BC
1.618
extension of XA
X
Shark0.382–0.618
retracement of XA
1.128-1.618
extension of AB
1.618–2.236
extension of BC
0.886-1.128
retracement of XA
X
Cypher0.382–0.618
retracement of XA
X0.786
retracement of XA
X1.272-1.414
extension of XA


If you need your own scanner designed for your individual requirements, make a request for a free consultation with our team of professional MQL4 developers and find out the cost and terms of developing your project. Our solutions are recognized by competent software architecture and high quality code. You will receive a product that simplifies technical analysis and improves your trading efficiency.
NORDMAN ALGORITHMS

TRADING SOFTWARE DEVELOPMENT

With financial background, using excellent programming techniques, developing automated trading systems of a splendid quality that serve your investing purpose.

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RISK DISCLOSURE

Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

Please note, that testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.