Young Ho Seo / Perfil

Harmonic Pattern Signal – Free

Harmonic Pattern Trading Signal provides a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with other technical indicators. Especially, we provide the Harmonic Pattern Signal for your trading. It is absolutely free of charge. The Harmonic Pattern Signal can be accessible from the link below.

https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/

We present the trading signal in the simple table form. To use this trading signal, you need to mark up the location of the Harmonic Pattern in your chart. You can do this in any trading platform including MetaTrader, Trading View, Ninja Trader and so on. Follow the two steps below:

Open the Chart with the same timeframe shown in the table
Mark up the pattern location using Price at Point D and Date at Point D
That is all. Check the attached screenshot and more detailed Instruction can be found from the above link. Our Harmonic Pattern Trading signal is absolutely free. It is a good staring point for anyone who are interested in trading Forex market. At the same time, we provide the MetaTrader 4 and MetaTrader 5 version of Harmonic Pattern Scanner. If you prefer the indicator version of Harmonic Pattern Signal, then you can visit the product page for Harmonic Pattern Plus or X3 Chart Pattern Scanner.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Below are the Links to X3 Chart Pattern Scanner.

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Support and Resistance Trading

In the trading community, support and resistance was not viewed as the scientific tool until it was pin down as the price pattern derived from the fractal wave. After we have connected the concept of support and resistance to Fractal wave, we have learnt what they are, how to use and how to improve them. Now, it is the scientific tool as it was introduced in the book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading). If it is used by the right hand, it is the tool that can bring you a lot of benefit for your trading beyond any technical indicators.

Support is the price level at which buying is stronger than selling. Hence, the declining of the price below the support levels is often refused. Typically, support level is located below the current market price. Likewise, resistance is the price level at which selling is stronger than buying. Hence, the rising of the price above the resistance level is often refused. Typically, the resistance level is located above the current market price. In fact, several support and resistance techniques are the geometric pattern recognition derived from the fractal wave analysis.

Diagonal support and resistance shares the identical concept to the horizontal support and resistance. Diagonal support and resistance line are also called as the trend line. Diagonal support and resistance are also the price pattern derived from fractal wave analysis. When the connected peaks and troughs provide the diagonal slope rather than the horizontal line, the slope can be considered as the diagonal support and resistance. However, there can be more variations comparing to the horizontal case.

The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is an dedicated book for the support and resistance. This book will provide the scientific rational for support and resistance, connection with economics, chart examples, how to use them and how to improve them in Forex and Stock market. Even if you are new or existing traders, we recommend this book because the book shares many fresh new ideas towards your day trading. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

Use support and resistance together with Fibonacci-Probability graph. Fibonacci-Probability graph will provide you the turning point probability, trend probability and Fibonacci ratio analysis in price and time to bring the strategy to another level of trading. How to improve the support and resistance with turning point probability (=1.0 – trend probability) is explained in the book. Fibonacci-Probability graph is exclusively available from Fractal Pattern Scanner in MetaTrader 4 and MetaTrader 5. It could be used to identify the turning point and breakout opportunity. Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Turning Point Prediction for Forex Trading

Fractal Pattern Scanner provides the ability to predict the turning point in the financial market. In this article, we provide the practical guide line on how to use the provided turning point prediction for your day trading. The turning point prediction consists of two prediction types. The first one is the prediction of trough. In the trough prediction, we are trying to predict the possible bullish turning point while the price is falling. The second one is the prediction of Peak. In peak prediction, we are trying to predict the possible bearish turning point while the price is rising. The turning point prediction is useful because it tells us the complete story of the price series. For example, it will provide you the visual guidance of price movement + it will also provides the probability information. It is a true hybrid of statistical prediction and technical analysis. As a trader, we can manage the entry and exit with the turning point prediction. Another advantage is that the probability provides us the opportunity for the second level of decision making. This is in fact the important part because many other technical indicator miss to provide the probability information, which we can use for the more advanced level of decision making. With ability to read these probability, practically we can use these turning point prediction to decide the price action in the financial market. They are the good predictor of the price movement assuming you are not misusing the probability information.

Here are the breakdown of the price action with the turning point prediction. We also provide the screenshot to explain each peak and trough cases with some visual aid. As you can see from the screenshot, we can respectively draw two price action for each peak and trough prediction.

When We Predict the Peak:

1. Possible bullish breakout trading opportunity at low probability area

2. Possible bearish reversal trading opportunity at high probability area

When We Predict the Trough:

1. Possible bearish breakout trading opportunity at low probability area

2. Possible bullish reversal trading opportunity at high probability area.

Probably, guessing of these price actions is so natural during the turning point prediction. The screenshot below is for you to confirm your understanding. If the term of peak and trough is not familiar to you, then google some physics articles explaining Peak and Trough in wave cycle. We are using the identical term here as we do not want to reinvent the wheel again. Once, you understand the cycle with peak and trough in those articles, it would be much easier to project the action items for your trading with this article too. In my opinion, the turning point prediction is in its unique position between the statistical prediction and technical analysis. Probably we can consider it as the hybrid of both world. We will recommend you enjoying this scientific advancement for your trading.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Most advanced Elliott Wave Software for your Trading

Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, etc. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

Link to Elliott Wave Trend.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16472

https://www.mql5.com/en/market/product/16479

Forex Trading For Beginners

The foreign exchange market, also known as the Forex market, is a global marketplace where currencies are traded. Currencies are important because we need them to purchase goods and services locally and across borders. There is no central marketplace for the Forex market. The forex market is the largest financial market in the world. It is even bigger than the entire US stock market. There are various participants with different purpose trading currencies in the Forex market. The participants in the Forex market include banks, international companies, hedge funds, money managers, tourists, and individual investors. Just like the price of a stock, the price of a currency is fluctuating every day. The price of a stock is often affected by the intrinsic value of the company and the national economic conditions. Depending on your knowledge and skills, the Forex trading can be your opportunity or risk. To get into the Forex trading, you need some knowledge to be covered. Although the following list is not the exhausted list, it contains some essential elements for the Forex trading.

Brokers
Trading Platform
Chart Reading
Understand the market driver
Risk Management
The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is an dedicated book for the Forex trading for Beginners. This book will provide some basic and advanced knowledge towards Forex trading. Even if you are new or existing traders, we recommend this book because the book shares many fresh new ideas towards your day trading. Especially, many people thinks that chart reading is difficult. This book provides the scientific rational + many good examples for the chart analysis. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

In the modern electronic trading environment, good tools are the priority for winning trading performance. MT4 Harmonic Pattern Scanner is such a tool you must have in your trading arsenal. MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide a range of powerful harmonic pattern scanner particularly desinged for MetaTrader 4 platform. Likewise, all these indiator and pattern scanners are available in the next generation trading platform, MetaTrader 5 too.

1. Harmonic Pattern Plus for MetaTrader 4 and MetaTrader 5

One of the first automated Harmonic Pattern Scanner released in 2014. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. This is the repainting pattern scanner.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. Harmonic Pattern Scenario Planner for MetaTrader 4 and MetaTrader 5

It is an advanced Harmonic Pattern Scanner. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern scanner designed for Professional harmonic pattern trader. This is the repainting pattern scanner with predictive algorithm.

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

3. Price Breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5

Price Breakout Pattern Scanner is the popular Breakout Pattern Scanner with affordable price with many powerful features. It can detect Triangle, Falling Wedge, Rising Wedge pattern, Head and Shoulder Pattern, Double top and Double Bottom. As a added bonus, you have access to 52 Japanese candlestick pattern + Smart Renko. However, this scanner can repaint. It does not support multiple timeframe pattern scanning. This is the repainting pattern scanner.

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Powerful Non Repainting Supply Demand Zone MetaTrader Indicator

Ace Supply Demand Zone is specially designed non-repainting Supply Demand indicator. Since you have an access to fresh supply and demand zone as well as archived supply demand zone, you can achieve much better profiling on price movement in Forex market.

With the Ability to trade the original supply demand zone trading, you can also perform highly accurate Angled Supply Demand zone trading as a bonus. With a lot of sophisticated gadgets built inside, Ace Supply Demand Zone indicator will provide you unmatched performance against other Supply Demand zone indicator out there.

Here is the link to Ace Supply Demand Zone Indicator.

https://www.mql5.com/en/market/product/40076

https://www.mql5.com/en/market/product/40075

https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/

Scan and search future harmonic patterns with Harmonic Pattern Scenario Planner

Harmonic Pattern Scenario Planner is a tool you can scan and search future harmonic patterns in just one button click. It would detect any potential future harmonic patterns in your search range using the algorithm like Monte Carlo simulation. You can even get the potential take profit and stop loss of the future patterns even before they form. What is even more, you can use all the features and functionality of harmonic pattern plus from your harmonic pattern scenario planner too.

Have watched this interesting movie called “Next” ? Check out the guy can see the few minutes into the futures. How powerful the 2 minutes vision for future is. Predicting future is very tactical game but it is hard because future keep changing based on the presents. However, it is definitely an interesting game. As a trader, you can gain a lot of advantage over other traders by predicting futures.

http://www.imdb.com/title/tt0435705/

This movie like predicting concept was equipped in our Harmonic Pattern Scenario Planner. check the power of predictive harmonic pattern for your trading. We are only one selling this future predictive harmonic pattern scanner in the universe.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Chart Pattern in Forex and Stock Market Trading

Learning the geometric shape of the chart patterns might be not sufficient to apply them well in the financial market. If we understand why the chart patterns exist in the financial market, we can use them more accurately. Hence, it is important to understand the underlying science behind the chart patterns. In doing so, we need to understand the trend and cycle. Then we need to see the connection of fractal wave with trend and cycle. Finally, when we recognize the fractal wave as the superior analytical method to the existing methods, we will understand why chart patterns were used in the financial market over 100 years.

The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is an dedicated book for the chart pattern analyst. This book will provide the scientific rational for chart patterns, connection with economics, chart pattern detection examples, how to use them and how to improve them in Forex and Stock market. Even if you are new or existing traders, we recommend this book because the book shares many fresh new ideas towards your day trading. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

If you want to use the chart patterns in your trading, you might look at these two automatic price pattern scanner. They are Advanced Price Pattern Scanner and Price Breakout Pattern Scanner. Advanced Price Pattern Scanner is the non repainting price pattern scanner whereas Price Breakout Pattern Scanner is based on repainting pattern detection. You will feel that Advanced Price pattern Scanner is using completely new pattern detection algorithm from Price Breakout Pattern Scanner. Even same patterns are detected in different timing between them due the the different pattern detection algorithm.

However, Advanced Price Pattern Scanner is more expensive. Hence, if you are concerned with the price. Then you can still go ahead with Price Breakout Pattern Scanner. Price Breakout Pattern Scanner will do generally everything for your need from price pattern detection + Japanese candle stick pattern detection and so on. If you need the non repainting price pattern scanner, we certainly recommend to use Advanced Price Pattern Scanner. In addition, Advanced Price Pattern Scanner also provides the multiple timeframe pattern detection helping you to reduce number of charts to open.

Here are the links for Advanced price Pattern Scanner.

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

https://www.mql5.com/en/market/product/24679

https://www.mql5.com/en/market/product/24678

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Mean Reversion Supply Demand Basic Guideline

Supply and Demand zone is the extended version of support and resistance trading with more skills. We provide our own Supply and Demand Zone indicator, Mean Reversion Supply Demand.

Here is the really basic guideline in using Mean Reversion Supply Demand.

H4 = Zone detected in H4 timeframe
S3 = Zone Strength 3
You can also show or hide zones from your chart using button click.

Below are the links to the Mean Reversion Supply Demand indicator for MetaTrader 4/MetaTrader 5.

https://www.mql5.com/en/market/product/16823

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

Chart Pattern Detection on Multiple Timeframe

X3 Chart Pattern Scanner comes with the ability of detecting pattern across different timeframe. This feature is handy because you can scan potential buy and sell signal from one chart only. Here we show how to do it in your chart. Simply go to input setting. Then set “Use Multiple Timeframe Pattern Detection” = true. Check the screenshot for the procedure.

Of course, the pattern detection at multiple timeframe will force 6 to 9 times heavier computation to your MetaTrader. Hence, this will push your CPU and Memory higher. Before using this multiple timeframe feature, please do understand the trade off between heavy computation and the CPU and memory. If your computer has strong CPU and bigger RAM, then this would be no problem.

Link to X3 Chart Pattern Scanner

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Turning Point and Trend

When you trade in the financial market, the first thing you need to understand is the turning point and trend. Especially, this is important in the context of your trading strategy. If you read many trading articles and books, you will find the diverse opinion over turning point and trend. Many people view turning point and trend as two separate subjects. However, it might be better to understand turning point and trend as one subject. Let us try to understand the trend. To do so, let us take human as an analogical example. We are born, we grow up, we become mature, and then we die. During this process, we can observe that there are four main stages. These four stages are universal across many creatures and objects observable in the earth.

Stage 1: Birth
Stage 2: Growth
Stage 3: Maturity
Stage 4: Death
To find the location of trend and turning point during these four stages, please check the attached screenshot. For your forex and stock market trading, it is important to understand where your entry will be placed among the four stages. As well as understanding the momentum and mean reversion trading, the turning point and trend are also the important market timing knowledge for your forex and stock market trading.

The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the untold story of the trend and turning point strategies. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

After understanding the trend and turning point, we can improve your forex and stock market trading in many different ways. One way we did it was to combine the turning point probability and trend probability with your traidng. The direct representation of its principle can be found from our Fractal Pattern Scanner. You have the full access to the turning point probability and trend probability from Fractal Pattern Scanner to improve your support and resistance trading. Please have a look at the indicator.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

At the same time, you can use Harmonic Pattern to predict the potential turning point. However, Harmonic Pattern Detection could be tedious process if you have to do them manually. You can use the automated tool for your trading. If you are looking for the Harmonic Pattern Scanner, then here are some choice between repainting harmonic pattern scanner and non repainting harmonic pattern scanner. We present one repainting and one non repainting harmonic pattern scanner for your information below.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Harmonic Pattern Indicator List for MetaTrader 4

Harmonic Pattern Indicator provide a mean of detecting the turning point in the market. It is one way to solve the puzzle of market geometry, which is often not solvable with technical indicators. How about automatic harmonic pattern detection for your trading ?

We provide the list of Harmonic Pattern Indicator for your MetaTrader 4 platform. These harmonic pattern indicators are not only detecting harmonic pattern but they also provide the addtional features to help you to win in your trading.

1. Harmonic Pattern Plus for MetaTrader 4

Harmonic Pattern Plus is the harmonic pattern scanner. It can detect harmonic patterns with predefined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, automatic channel, etc.

https://www.mql5.com/en/market/product/4488

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. X3 Chart Pattern Scanner for MetaTrader 4

X3 Chart Pattern Scanner is non repainting and non lagging pattern scanner for Harmonic Pattern, Elliott Wave pattern and X3 patterns. It is the most advanced but user friendly harmonic pattern indicator. As a bonus, this tool can detect around 52 bearish and bullish Japanese candlestick patterns + advanced Channel features. This is the most advanced Harmonic and Elliott wave scanner in the market. You must try.

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

3. Harmonic Pattern Scenario Planner for MetaTrader 4

With additional features of predicting future harmonic patterns, this is the tactical harmonic pattern indicator with advanced simulation capability on top of many powerful features of harmonic pattern plus. Try it then you will know its power.

https://www.mql5.com/en/market/product/6240

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

Excessive Momentum Indicator and Trading Operation

Excessive Momentum Indicator automatically detects the broken balance between supply and demand of investors in the financial market. Detection of this broken balance provides the great market timing for the entry and exit for our trading. In this short article, we explain some of the controllable inputs in the Excessive Momentum Indicator.

There are the four main inputs, controlling the calculation. They are:

* Bars To Scan: amount of candle bars to calculate the indicator. Choose bigger numbers if you want to see the calculation over longer historical period.

* Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It can stay between 0.1 and 0.5. In theory, it can go up to 1.0. However, you will not get many signals to trade. The default setting is 0.1. You can try various Momentum Strength Factor to optimize your trading performance if you wish.

* Equilibrium Fractal Wave Scale: This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.

* Detrending Period: This input controls the statistical calculation in the algorithm. It should stay between 20 and 50.

Above four inputs are important because they can affect the number and quality of trading signals. You can use the default setting most of time. However, it is also possible that you can try different inputs and check how they perform in the historical data. Rest of inputs are probably self-explanatory from their name.

Now, let us cover the trading signals. In the Excessive Momentum indicator, you get two signal alerts. Firstly, you will get alert when the Excessive Momentum is starting in the market. In this case, it will notify you the starting price. At this stage, the excessive momentum is not completely expanded yet.

Secondly, you will get alert when the Excessive Momentum is completed in the market. At this stage, you will be notified both starting price and ending price of Excessive Momentum.

Both starting price and ending price of Excessive Momentum form the Excessive Momentum Zone. At which signal you want to trade is up to your choice. You can use the zone as the breakout trading when the zone is narrow. When the zone is sufficiently large, it might be possible to aim some reversal trading opportunity too.

At the same time, this Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version).

Below is the landing page for Excessive Momentum Indicator.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Here is the link to Volume Spread Pattern Indicator (Paid and Advanced Version).

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Here is the link to Volume Spread Pattern Detector (Free and Light Version).

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

Mean Reversion and Momentum Trading Strategy

If you are the newbie in the day trading business, you must understand the difference between Mean Reversion and Momentum Trading in the Forex and Stock Market. Mean reversion and momentum trading are the two dominating trading strategies used in the Forex and Stock Market. Most of trading strategy we can think of will fall under a category of mean reversion or momentum trading. These two trading strategies show completely different market timing. For example, momentum trading tries to take the entry when the price shows a strong directional movement. Momentum trading is often considered as the trend following strategy. On the other hand, mean reversion trading tries to take the entry when the price is far from the mean. Mean Reversion trading is often the core trading principle behind “Buy Low and Sell High” strategy like value investing. In momentum trading, the trader tries to pick trend whereas in the mean reversion trading, trader tries to pick the turning point. We have briefly covered some basics of Mean Reversion and Momentum Trading strategy. You need to dig deep on this topic if you really want to survive in the day trading business. The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the untold story of the mean reversion and momentum trading strategies. The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

After you have understood the difference between momentum trading and mean reversion trading, next you will need to understand the tools to perform the strategies. There could be many tools from value investing, pairs trading, fundamental analysis, support, resistance, trend line, triangle pattern, rising wedge, falling wedge, channels, Fibonacci ratio analysis, Harmonic pattern, Elliott wave theory, and X3 Chart pattern. We provides the automated pattern scanner to ease your trading. You can have a look at these two patterns scanner to accomplish either your momentum trading or mean reversion trading strategies.

1. Harmonic Pattern Plus

Harmonic pattern plus is extremely good product for the price although this is repainting harmonic pattern indicator. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. Price Breakout Pattern Scanner

Price Breakout Pattern Scanner is the powerful pattern scanner designed to solve the puzzle of the market geometry beyond the technical indicators. With built in Japanese candlestick patterns + Smart Renko features together, Price Breakout pattern scanner can help you to define the accurate market entry for your breakout trading. Here is some screenshots from Price Breakout Pattern Scanner.

Below are the links to Price breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Most advanced Elliott Wave Software for your Trading

Elliott Wave Trend is the most advanced Elliott Wave Trading software, which helps you to trade with various Elliott Wave patterns like Wave .12345 pattern and Wave .ABC and Wave .ABCDE, etc. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

Link to Elliott Wave Trend.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16472

https://www.mql5.com/en/market/product/16479

New Article –Rolling Ball Effect and Harmonic Pattern Trading

Rolling ball effect is something you must understand for your reversal trading. Especially, if you are interested in harmonic pattern trading or elliott wave trading or rising wedge or falling wedge patterns, then this is a must understand concept before using them in practice. You can save tons of money in trading by reading this simple article.

Read entire free article from below link:

https://algotrading-investment.com/2020/06/01/rolling-ball-effect-and-harmonic-pattern-trading/

In addition, you can also have an access to important free articles for your trading here.

https://algotrading-investment.com/2019/07/23/trading-education/

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the powerful harmonic pattern indicator at affordable cost with tons of advanced features. Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. Below is links for Harmonic Pattern Plus.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and X3 Price Pattern Scanner. In addition, X3 Chart Pattern Scanner is built in with 52 Japanese Candlestick patterns + advanced Channel. Below is links for X3 Chart Pattern Scanner.

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Trend Probability in Forex and Stock market trading

In this article, we will introduce the trend probability for your Forex and Stock market trading. When the turning point probability is high, we can expect the turning point to arrive within the fractal cycle. Like the margin of safety described by Benjamin Graham, it is safe to use the turning point probability in conservative manner. We should only look for the turning point within the higher probability area. The margin of safety will tell that higher turning point probability is safer to predict the turning point. On the other hand, we can look for the breakout opportunity or we can expect the price to move in the same direction within the lower turning point probability area. We can consider the trend probability providing the opposite concept of the turning point probability. In a simple math, we can derive the trend probability by subtracting the turning point probability from one like “1.0 – the turning point probability”. Or if you prefer the percent, we can derive the trend probability by subtracting the turning point probability (%) from one hundred percent like “100% – turning point probability (%)”. Since the turning point probability is drawn from the peak trough transformation directly, the conversion of the trend probability from the turning point probability should be taken as the rule of thumb guideline for your trading. As in the turning point probability, the margin of safety will tell that higher trend probability is safer to predict the breakout or price continuation. This information was taken from the book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading). This book will provide the scientific rational for chart patterns, connection with economics, chart pattern detection examples, how to use them and how to improve them in Forex and Stock market.

The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

https://play.google.com/store/books/details?id=MME3EAAAQBAJ

You have the full access to the turning point probability and trend probability from Fractal Pattern Scanner to improve your Forex and Stock Market Trading. As it was suggested from the book, the display probability in the Fibonacci Probability Graph is the turning point probability. You will use the turning point probability to gauge the trend probability as it was guided from the book. Please have a look at the indicator. Of course, you have this tool built in our Optimum Chart too.

Below is the landing page for Fractal Pattern Scanner in MetaTrader version.

https://www.mql5.com/en/market/product/49170

https://www.mql5.com/en/market/product/49169

https://algotrading-investment.com/portfolio-item/fractal-pattern-scanner/

Harmonic Pattern – Predict Turning Point
Before using Harmonic Patterns, it is necessary to ask the rational behind the harmonic pattern. In fact, you will do the same for any trading strategy. You should never blindly trade because some one recommend you any particular strategy or you read some articles on website. You need to take sufficient time to understand the rational behind the trading strategy and then you will move on to the operation with the trading strategy. This article “Patterns are the Good Predictor of Market Turning Point” is such an article helping you to understand the rational behind the harmonic patterns and its trading strategy. If you are harmonic pattern trader, then you must read this article.

https://algotrading-investment.com/2019/07/07/patterns-are-the-good-predictor-of-market-turning-point/

Below is link to the automated harmonic pattern indicator.

Harmonic Pattern Plus

One of the first automated Harmonic Pattern detection tool released in 2014. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

Harmonic Pattern Scenario planner

It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders. Please note that this is repainting and non lagging harmonic pattern trading system.

https://www.mql5.com/en/market/product/6240

https://www.mql5.com/en/market/product/6101

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

Both Harmonic pattern plus and Harmonic Pattern Scenario planner are the excellent trading system at affordable cost. However, if you do not like repainting Harmonic pattern indicator, then we also provide the non repainting and non lagging harmonic pattern trading. Indeed, the X3 Chart Pattern Scanner is the most advanced Harmonic Pattern and Elliott Wave pattern scanner. Just check the X3 Chart Pattern Scanner below.

Link to X3 Chart Pattern Scanner

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

How to Change Renko Brick Size in Smart Renko

In Renko Chart, Renko brick size is the most important control variable in your trading. You have a choice of brick size. However, it is typically recommended to use multiple of 10 or 5 as the choice. For example, you can use following brick size depending on the size of price range in your chart.

Recommended brick size: 20 pips, 25 pips, 50 pips, 100 pips, 200 pips, 2000 pips, 20000 pips, etc.

If you have a math background and if you do understand standard deviation, it is good to guess these numbers around 1 standard deviation. This is just some idea for your trading.

For some futures, commodities, Stock price, you need to have 1 or 2 more zeros in your brick size in comparison to Forex market. Just do some experiment to find the suitable and sensible brick size for your trading.

This Renko tools are available in both Smart Renko and Price Breakout Pattern Scanner. Hence this article applies to Smart Renko and Price Breakout Pattern Scanner.

For MetaTrader 4 users, to calculate bricks, you have to download historical data before using our Smart Renko chart.

* Below is link to Smart Renko

https://www.mql5.com/en/market/product/9911

https://www.mql5.com/en/market/product/9944

https://algotrading-investment.com/portfolio-item/smart-renko/

* Below is link to Price Breakout Pattern Scanner

https://www.mql5.com/en/market/product/4859

https://www.mql5.com/en/market/product/4858

https://algotrading-investment.com/portfolio-item/price-breakout-pattern-scanner/

Science of Harmonic Pattern in Forex and Stock Market

Harmonic Pattern in Forex and Stock market is an advanced technique for your trading although it is hard to find out any scientific reference to its usage. We know that harmonic pattern is originated from Fibonacci Ratio Analysis. However, that is not sufficient to bring your harmonic pattern trading to another level. There is a need to pin down the harmonic pattern in terms of the science, that are the price dynamics and cycles.

Although the harmonic pattern are used by many successful trading strategies, no book or article will really pin down the science behind the harmonic pattern. The book: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading) is exactly the book dedicated for this topic. This book will tell you the wisdom behind the harmonic pattern in Forex and Stock market trading.

Understanding the scientific principle always help you to bring it further than other traders. This book incorporates the price dynamics and cycles to explain why and how the harmonic patterns are formed in your chart. This also covers why the harmonic pattern and other Fibonacci based patterns are repainting. The book also provides how to detect them as well as how to trade them.

The book can be found in all the major book distributors in the world. Please choose the best book distributor you like from the link below including amazon.com, Google Play Book, scribd.com, Apple Book and so on.

https://www.scribd.com/book/515253555/Science-Of-Support-Resistance-Fibonacci-Analysis-Harmonic-Pattern-Elliott-Wave-and-X3-Chart-Pattern

https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

https://www.amazon.com/dp/B0993WZGZD

Harmonic Pattern Detection could be tedious process if you have to do them manually. You can use the automated tool for your trading. If you are looking for the Harmonic Pattern Scanner, then here are some choice between repainting harmonic pattern scanner and non repainting harmonic pattern scanner. We present one repainting and one non repainting harmonic pattern scanner for your information below.

1. Harmonic Pattern Plus (2014)

Harmonic pattern plus is extremely good product for the price although this is repainting harmonic pattern indicator. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing.

Below are the Links to Harmonic Pattern Plus

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

2. X3 Chart Pattern Scanner (2019)

X3 Chart Pattern Scanner is next generation tools to trade with X3 price patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect with advanced Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. X3 Chart Pattern Scanner is type 4 harmonic pattern indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/