Harmonic Pattern Pro for NinjaTrader 8
$299.00
📌 It detects ALL 6 popular harmonic patterns: Gartley, Buterfly, Crab, Bat, Cypher, Shark.
📌 Displays all historical patterns as well as newly formed patterns…
📌 Gives you alerts as soon as a valid pattern forms…
This Harmonic Pattern Indicator identifies ALL of the most popular harmonic patterns in REAL TIME for you. It does the heavy lifting for you when it comes to automatically detecting high-probability patterns.
Plus, it also gives you all kinds of alerts as soon as a valid pattern is completed.
Anyway, let’s dive right in…
Here’s the first pattern the indicator helps you spot:
Harmonic Pattern Indicator Detects “Shark” Pattern In REAL Time On All Time Frames…
Take a look at an example of how well the Harmonic Pattern Indicator works when it comes to identifying the Shark price pattern – one of the most popular harmonic patterns:
This example illustrates an important advantage harmonic patterns give you: These patterns might precede an upcoming market reversal.
In this case, the formation of a “Bat” harmonic pattern marks the end of the previous downtrend, and the beginning of a new uptrend. And the Harmonic Pattern Indicator does all the hard work and identifies this pattern for you.
Moving on, here’s an example of a bearish Bat pattern identified by the Harmonic Pattern Indicator:
This is on the USD/JPY 30-minute time frame. And as you can see, the Harmonic Pattern Indicator alerts you to a high-probability long trade setup by identifying a Bullish Gartley harmonic pattern.
Here's my own personal rules for trading these harmonic patterns. And you have my permission to use it as a starting point to build your OWN trading plan…
Let me give you my own trading rules for trading harmonic patterns.
We’ll use this bullish “Cypher” harmonic pattern (detected by the Harmonic Pattern Indicator on USD/CHF 2h) to illustrate how these trading rules work:
Entry Rule – Once the indicator detects a complete BULLISH harmonic pattern, we place a pending BUY order just above the close of the last bar within the pattern.
In this example, shortly after the bullish Cypher pattern is completed, the price moves up and triggers our pending buy order. And now that we’re in a long trade, we need clear exit and stop loss rules.
Exit & Stop Loss Rule – Our rule is simple: We use a trailing stop of 3 x ATR. So, let’s say the ATR value is 50 pips, then we’d use a trailing stop of 3 x 50 = 150 pips.
So, for this example, with the 3 x ATR trailing stop, let’s see how this trade works out:
Here's another harmonic pattern that the indicator detects for you: the Crab pattern…
Take a look at this example on EUR/USD 15-minute time frame:
In this case, the Harmonic Pattern Indicator detects a Crab harmonic pattern for us. And this pattern marks the beginning of the new downtrend.
Amazing, isn’t it?
By the way, it’s very very easy to trade with Harmonic Pattern indicator because you’ll also get:
Timely alerts, so you won't miss out on important trades.
You’ll get Message & Sound notifications as soon as a new zone appears…
And you can customize these alerts in any way you want.