Young Ho Seo / Perfil
- Informações
10+ anos
experiência
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62
produtos
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1178
versão demo
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4
trabalhos
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0
sinais
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0
assinantes
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Harmonic Pattern Indicator - Repainting + Japanese Candlestick Pattern Scanner + Automatic Channel + Many more
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/
Non Repainting and Non Lagging Harmonic Pattern Indicator – Customizable Harmonic + Japanese Candlestic Pattern Scanner + Advanced Channel + Many more
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/
Supply Demand Indicator – Multiple Timeframe Scanning Added + Non Repainting + Professional 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/
Momentum Indicator – Path to Volume Spread Analysis
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621
https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/
Elliott Wave Indicator for the Power User
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472
https://algotrading-investment.com/portfolio-item/elliott-wave-trend/
Forex Prediction - Turn Support and Resistance to the Advanced Strategy
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/
MetaTrader 4 and MetaTrader 5 Product Page: https://www.mql5.com/en/users/financeengineer/seller#products
Free Forex Prediction with Fibonacci Analysis: https://algotrading-investment.com/2020/10/23/forex-prediction-with-fibonacci-analysis/
Free Harmonic Pattern Signal: https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/
============================================================================================================================
Here are the trading education books. We recommend reading these books if you are a trader or investor in Forex and Stock market. In the list below, we put the easy to read book on top. Try to read the easy to read book first and try to read the harder book later to improve your trading and investment.
First Link = amazon.com, Second Link = Google Play Books, Third Link = algotrading-investment.com, Fourth Link = Google Books
Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
https://www.amazon.com/dp/B09L55ZK4Z
https://play.google.com/store/books/details?id=pHlMEAAAQBAJ
https://algotrading-investment.com/portfolio-item/technical-analysis-in-forex-and-stock-market/
https://books.google.co.kr/books/about?id=pHlMEAAAQBAJ
Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
https://www.amazon.com/dp/B0993WZGZD
https://play.google.com/store/books/details?id=MME3EAAAQBAJ
https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/
https://books.google.co.kr/books/about?id=MME3EAAAQBAJ
Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
https://www.amazon.com/dp/B0B2KZH87K
https://play.google.com/store/books/details?id=7KrQDwAAQBAJ
https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/
https://books.google.com/books/about?id=7KrQDwAAQBAJ
Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
https://www.amazon.com/dp/B01MRI5LY6
https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
http://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/
https://books.google.com/books/about?id=8SbMDwAAQBAJ
Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)
https://www.amazon.com/dp/B073T3ZMBR
https://play.google.com/store/books/details?id=5prUDwAAQBAJ
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
https://books.google.com/books/about?id=5prUDwAAQBAJ
Predicting Forex and Stock Market with Fractal Pattern: Science of Price and Time
https://www.amazon.com/dp/B086YKM8BW
https://play.google.com/store/books/details?id=VJjiDwAAQBAJ
https://algotrading-investment.com/portfolio-item/predicting-forex-and-stock-market-with-fractal-pattern/
https://books.google.com/books/about?id=VJjiDwAAQBAJ
Trading Education Book 1 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)
https://books.apple.com/us/book/id1565534211
https://play.google.com/store/books/details?id=HTgqEAAAQBAJ
https://books.google.co.kr/books/about?id=HTgqEAAAQBAJ
https://www.scribd.com/book/505583892
https://www.kobo.com/ww/en/ebook/8J-Eg58EDzKwlpUmADdp2g
Trading Education Book 2 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)
https://books.apple.com/us/book/id1597112108
https://play.google.com/store/books/details?id=shRQEAAAQBAJ
https://books.google.co.kr/books/about?id=shRQEAAAQBAJ
https://www.scribd.com/book/542068528
https://www.kobo.com/ww/en/ebook/X8SmJdYCtDasOfQ1LQpCtg
About Young Ho Seo
Young Ho Seo is an Engineer, Financial Trader, and Quantitative Developer, working on Trading Science and Investment Engineering since 2011. He is the creator of many technical indicators, price patterns and trading strategies used in the financial market. He is also teaching the trading practice on how to use the Supply Demand Analysis, Support, Resistance, Trend line, Fibonacci Analysis, Harmonic Pattern, Elliott Wave Theory, Chart Patterns, and Probability for Forex and Stock Market. His works include developing scientific trading principle and mathematical algorithm in the work of Benjamin Graham, Everette S. Gardner, Benoit Mandelbrot, Ralph Nelson Elliott, Harold M. Gartley, Richard Shabacker, William Delbert Gann, Richard Wyckoff and Richard Dennis. You can find his dedicated works on www.algotrading-investment.com . His life mission is to connect financial traders and scientific community for better understanding of this world and crowd behaviour in the financial market. He wrote many books and articles, which are helpful for understanding the technology and application behind technical analysis, statistics, time series forecasting, fractal science, econometrics, and artificial intelligence in the financial market.
If you are interested in our software and training, just visit our main website: www.algotrading-investment.com
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/
Non Repainting and Non Lagging Harmonic Pattern Indicator – Customizable Harmonic + Japanese Candlestic Pattern Scanner + Advanced Channel + Many more
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/
Supply Demand Indicator – Multiple Timeframe Scanning Added + Non Repainting + Professional 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/
Momentum Indicator – Path to Volume Spread Analysis
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621
https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/
Elliott Wave Indicator for the Power User
https://www.mql5.com/en/market/product/16479
https://www.mql5.com/en/market/product/16472
https://algotrading-investment.com/portfolio-item/elliott-wave-trend/
Forex Prediction - Turn Support and Resistance to the Advanced Strategy
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/
MetaTrader 4 and MetaTrader 5 Product Page: https://www.mql5.com/en/users/financeengineer/seller#products
Free Forex Prediction with Fibonacci Analysis: https://algotrading-investment.com/2020/10/23/forex-prediction-with-fibonacci-analysis/
Free Harmonic Pattern Signal: https://algotrading-investment.com/2020/12/17/harmonic-pattern-signal-for-forex-market/
============================================================================================================================
Here are the trading education books. We recommend reading these books if you are a trader or investor in Forex and Stock market. In the list below, we put the easy to read book on top. Try to read the easy to read book first and try to read the harder book later to improve your trading and investment.
First Link = amazon.com, Second Link = Google Play Books, Third Link = algotrading-investment.com, Fourth Link = Google Books
Technical Analysis in Forex and Stock Market (Supply Demand Analysis and Support Resistance)
https://www.amazon.com/dp/B09L55ZK4Z
https://play.google.com/store/books/details?id=pHlMEAAAQBAJ
https://algotrading-investment.com/portfolio-item/technical-analysis-in-forex-and-stock-market/
https://books.google.co.kr/books/about?id=pHlMEAAAQBAJ
Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave and X3 Chart Pattern (In Forex and Stock Market Trading)
https://www.amazon.com/dp/B0993WZGZD
https://play.google.com/store/books/details?id=MME3EAAAQBAJ
https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/
https://books.google.co.kr/books/about?id=MME3EAAAQBAJ
Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern)
https://www.amazon.com/dp/B0B2KZH87K
https://play.google.com/store/books/details?id=7KrQDwAAQBAJ
https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/
https://books.google.com/books/about?id=7KrQDwAAQBAJ
Guide to Precision Harmonic Pattern Trading (Mastering Turning Point Strategy for Financial Trading)
https://www.amazon.com/dp/B01MRI5LY6
https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
http://algotrading-investment.com/portfolio-item/guide-precision-harmonic-pattern-trading/
https://books.google.com/books/about?id=8SbMDwAAQBAJ
Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave)
https://www.amazon.com/dp/B073T3ZMBR
https://play.google.com/store/books/details?id=5prUDwAAQBAJ
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
https://books.google.com/books/about?id=5prUDwAAQBAJ
Predicting Forex and Stock Market with Fractal Pattern: Science of Price and Time
https://www.amazon.com/dp/B086YKM8BW
https://play.google.com/store/books/details?id=VJjiDwAAQBAJ
https://algotrading-investment.com/portfolio-item/predicting-forex-and-stock-market-with-fractal-pattern/
https://books.google.com/books/about?id=VJjiDwAAQBAJ
Trading Education Book 1 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)
https://books.apple.com/us/book/id1565534211
https://play.google.com/store/books/details?id=HTgqEAAAQBAJ
https://books.google.co.kr/books/about?id=HTgqEAAAQBAJ
https://www.scribd.com/book/505583892
https://www.kobo.com/ww/en/ebook/8J-Eg58EDzKwlpUmADdp2g
Trading Education Book 2 in Korean (Apple, Google Play Book, Google Book, Scribd, Kobo)
https://books.apple.com/us/book/id1597112108
https://play.google.com/store/books/details?id=shRQEAAAQBAJ
https://books.google.co.kr/books/about?id=shRQEAAAQBAJ
https://www.scribd.com/book/542068528
https://www.kobo.com/ww/en/ebook/X8SmJdYCtDasOfQ1LQpCtg
About Young Ho Seo
Young Ho Seo is an Engineer, Financial Trader, and Quantitative Developer, working on Trading Science and Investment Engineering since 2011. He is the creator of many technical indicators, price patterns and trading strategies used in the financial market. He is also teaching the trading practice on how to use the Supply Demand Analysis, Support, Resistance, Trend line, Fibonacci Analysis, Harmonic Pattern, Elliott Wave Theory, Chart Patterns, and Probability for Forex and Stock Market. His works include developing scientific trading principle and mathematical algorithm in the work of Benjamin Graham, Everette S. Gardner, Benoit Mandelbrot, Ralph Nelson Elliott, Harold M. Gartley, Richard Shabacker, William Delbert Gann, Richard Wyckoff and Richard Dennis. You can find his dedicated works on www.algotrading-investment.com . His life mission is to connect financial traders and scientific community for better understanding of this world and crowd behaviour in the financial market. He wrote many books and articles, which are helpful for understanding the technology and application behind technical analysis, statistics, time series forecasting, fractal science, econometrics, and artificial intelligence in the financial market.
If you are interested in our software and training, just visit our main website: www.algotrading-investment.com
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Advanced Harmonic Pattern Detection Indicator for MetaTrader 4
Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator for MetaTrader 4 platform, the most popular Forex trading platform since 2008.
Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability, non of other indicators has such a capability in the world.
Monte Carlo Simulation bring your trading strategy beyond just the reversal trading. It will reveal the probable market scenario automatically in just one button click. Then you choose the best scenario increasing your odd of winning.
Here is the product link to Harmonic Pattern Scenario Planner for MetaTrader 4. You can find more about the features of this advanced Harmonic Pattern Scenario Planner.
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
Harmonic Pattern Scenario Planner is an advanced Harmonic Pattern Detection Indicator. This is probably the most sophisticated harmonic pattern detection indicator for MetaTrader 4 platform, the most popular Forex trading platform since 2008.
Harmonic Pattern Scenario planner can be used like Harmonic Pattern Plus. Hence, it is easy and friendly to use. At the same time, it combines powerful Monte Carlos Simulation to provide you advanced harmonic pattern search capability, non of other indicators has such a capability in the world.
Monte Carlo Simulation bring your trading strategy beyond just the reversal trading. It will reveal the probable market scenario automatically in just one button click. Then you choose the best scenario increasing your odd of winning.
Here is the product link to Harmonic Pattern Scenario Planner for MetaTrader 4. You can find more about the features of this advanced Harmonic Pattern Scenario Planner.
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
![](https://c.mql5.com/1/228/harmonic-pattern-detection-indicator-MT4__4.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Excessive Momentum Indicator and Trading Operation
Excessive Momentum Indicator automatically detects the broken balance between supply and demand 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 process of Excessive Momentum Indicator. 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).
YouTube Video Momentum Indicator: https://youtu.be/oztARcXsAVA
=============================================
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/
Excessive Momentum Indicator automatically detects the broken balance between supply and demand 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 process of Excessive Momentum Indicator. 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).
YouTube Video Momentum Indicator: https://youtu.be/oztARcXsAVA
=============================================
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/
![](https://c.mql5.com/1/228/Excessive_Momentumn_Indicator_Trading_Operation.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
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/
In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
=============================
Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each 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/
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/
In addition, you can watch the YouTube Video titled feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
=============================
Here are some list of the harmonic pattern indicators available in MetaTrader 4 and MetaTrader 5 platform. We also include some description for each 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/
![](https://c.mql5.com/1/228/harmonic-pattern-detection-indicator-MT4__3.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Ace Supply Demand Zone Indicator – How to Remove Take Profit and Stop Loss Levels
One of the greatest advantage of Ace Supply Demand Zone indicator is that it provide a flexible Profit and stop target for your trading. After you have learnt how to use this profit targets, now you want to learn how to remove them. Of course, there is a way to remove them. The trick is simply moving the stop text above the Entry text (for the case of buy). You will do the opposite for the case of sell. In the screenshot, the bottom image describe how to remove the targets from your chart.
There is another approach to remove take profit and stop loss targets. We provide the shortcut in keyboard for doing the same task. Simply hit “z” button in your keyboard. This will also remove the stop loss and take profit targets if you do not need them any longer.
In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to learn the basic operation with the supply demand zone indicator.
YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo
Below is 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/
One of the greatest advantage of Ace Supply Demand Zone indicator is that it provide a flexible Profit and stop target for your trading. After you have learnt how to use this profit targets, now you want to learn how to remove them. Of course, there is a way to remove them. The trick is simply moving the stop text above the Entry text (for the case of buy). You will do the opposite for the case of sell. In the screenshot, the bottom image describe how to remove the targets from your chart.
There is another approach to remove take profit and stop loss targets. We provide the shortcut in keyboard for doing the same task. Simply hit “z” button in your keyboard. This will also remove the stop loss and take profit targets if you do not need them any longer.
In addition, we provide the YouTube video for Ace Supply Demand Zone Indicator. In terms of indicator operation, both mean reversion supply demand and ace supply demand zone indicator are similar. Hence, you can watch this YouTube Video to learn the basic operation with the supply demand zone indicator.
YouTube “Supply Demand Zone Indicator”: https://youtu.be/lr0dthrU9jo
Below is 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/
![](https://c.mql5.com/1/228/Ace-Supply-Demand-Zone-Indicator-How-to-Remove-Targets.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
How To Use Market Prediction for Forex Trading and for Free
In this article, we will explain how to use Market Prediction for Forex Trading and for Free in two steps. In the first step, you can access our Market Prediction Webpage for Forex Trading from the following link. You will get free Market Prediction too. Just book mark this web page below for your trading or investing.
https://algotrading-investment.com/2020/10/23/price-prediction-for-day-trading/
From above page, you will get access to the turning point prediction for Forex market including EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD and so on. Not all the market prediction is friendly and useful for your trading. Most of statistical predictions are not compatible with the actual trading strategy used by the real world trader. However, the turning point probability (and also the trend probability = 1 – turning point probability) is useful because the predictions were measured from the Fractal Wave. Remember that many good and important technical analysis are derived from Fractal Wave too. For example, Support, Resistance, Fibonacci Ratio Analysis, Harmonic Pattern, Elliott Wave Theory, X3 Chart Pattern, Symmetric Triangle Pattern, Rising Wedge Pattern, Falling Wedge pattern, Double Top, Double Bottom, Channel, Renko Chart and so on are such technical analysis derived from Fractal Wave. You can consider the turning point probability as the quantified version of the price patterns. Hence, using the turning point probability along with these price pattern is really beneficial in assessing the trend strength and risk for your trading.
In the second step, you can visualize the turning point probability and trend probability with the free Market Prediction tool from our website or from google drive. Anyway, you will get the same files.
Download Market Prediction Tool (Free, No Installation, No Signup and Use Straight After Download)
https://drive.google.com/file/d/1hzM8FBCMW1ZcVeMhwLTV7TEFM65o3AKg/view?usp=sharing
How to use this Market Prediction Tool is simple. Once, you have downloaded the MarketPrediction.zip file, then extract them anywhere in your hard drive. Then run the Market Prediction.exe file. After, you will find a simple user interface. Copy and paste the rows of data from the Market Prediction Webpage from the link. You can copy multiple rows if you wish. Next, click “Show Prediction” button. The Market Prediction software will automatically visualize the turning point probability and trend probability in more trader friendly format. When you use this Market Prediciton Tool, you will also get familiar with the Fibonacci Probability Graph provided from Fractal Pattern Scanner in MetaTrader and Optimum Chart. Below is the landing page for Fractal Pattern Scanner in MetaTrader version, which you can get the real time prediction in MetaTrader.
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/
In this article, we will explain how to use Market Prediction for Forex Trading and for Free in two steps. In the first step, you can access our Market Prediction Webpage for Forex Trading from the following link. You will get free Market Prediction too. Just book mark this web page below for your trading or investing.
https://algotrading-investment.com/2020/10/23/price-prediction-for-day-trading/
From above page, you will get access to the turning point prediction for Forex market including EURUSD, GBPUSD, USDJPY, BTCUSD, ETHUSD and so on. Not all the market prediction is friendly and useful for your trading. Most of statistical predictions are not compatible with the actual trading strategy used by the real world trader. However, the turning point probability (and also the trend probability = 1 – turning point probability) is useful because the predictions were measured from the Fractal Wave. Remember that many good and important technical analysis are derived from Fractal Wave too. For example, Support, Resistance, Fibonacci Ratio Analysis, Harmonic Pattern, Elliott Wave Theory, X3 Chart Pattern, Symmetric Triangle Pattern, Rising Wedge Pattern, Falling Wedge pattern, Double Top, Double Bottom, Channel, Renko Chart and so on are such technical analysis derived from Fractal Wave. You can consider the turning point probability as the quantified version of the price patterns. Hence, using the turning point probability along with these price pattern is really beneficial in assessing the trend strength and risk for your trading.
In the second step, you can visualize the turning point probability and trend probability with the free Market Prediction tool from our website or from google drive. Anyway, you will get the same files.
Download Market Prediction Tool (Free, No Installation, No Signup and Use Straight After Download)
https://drive.google.com/file/d/1hzM8FBCMW1ZcVeMhwLTV7TEFM65o3AKg/view?usp=sharing
How to use this Market Prediction Tool is simple. Once, you have downloaded the MarketPrediction.zip file, then extract them anywhere in your hard drive. Then run the Market Prediction.exe file. After, you will find a simple user interface. Copy and paste the rows of data from the Market Prediction Webpage from the link. You can copy multiple rows if you wish. Next, click “Show Prediction” button. The Market Prediction software will automatically visualize the turning point probability and trend probability in more trader friendly format. When you use this Market Prediciton Tool, you will also get familiar with the Fibonacci Probability Graph provided from Fractal Pattern Scanner in MetaTrader and Optimum Chart. Below is the landing page for Fractal Pattern Scanner in MetaTrader version, which you can get the real time prediction in MetaTrader.
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/
![](https://c.mql5.com/1/228/How_to_Use_Market_Prediction_for_Forex_Trading.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Using Harmonic Pattern Plus and X3 Chart Pattern Scanner Together
Harmonic Pattern Plus and X3 Chart Pattern Scanner are the great harmonic pattern detection indicator. Some trader asked me if they can use Harmonic Pattern Plus and X3 Chart Pattern Scanner together.
The short answer is yes. It is possible to combine them. Even though both indicators detect harmonic patterns, they are using completely different pattern detection algorithm. Harmonic pattern Plus uses the classic pattern detection algorithm whereas X3 Chart Pattern Scanner uses non repainting pattern detection algorithm (i.e. latest pattern detection technology).
There can be some overlapping in the detected patterns. However, many patterns can be detected in different timing. If both indicator detect the same patterns, then the patterns are often more accurate. At the same time, with non overlapping patterns, you have less chance to miss out the good signals.
When you want to use the channel function together with Harmonic Pattern, then use the channel function in X3 Chart Pattern Scanner because it is more advanced version. Of course, the same logic applies to Harmonic Pattern Scenario planner.
In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator (Repainting but non lagging)”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Link 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/
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/
Harmonic Pattern Plus and X3 Chart Pattern Scanner are the great harmonic pattern detection indicator. Some trader asked me if they can use Harmonic Pattern Plus and X3 Chart Pattern Scanner together.
The short answer is yes. It is possible to combine them. Even though both indicators detect harmonic patterns, they are using completely different pattern detection algorithm. Harmonic pattern Plus uses the classic pattern detection algorithm whereas X3 Chart Pattern Scanner uses non repainting pattern detection algorithm (i.e. latest pattern detection technology).
There can be some overlapping in the detected patterns. However, many patterns can be detected in different timing. If both indicator detect the same patterns, then the patterns are often more accurate. At the same time, with non overlapping patterns, you have less chance to miss out the good signals.
When you want to use the channel function together with Harmonic Pattern, then use the channel function in X3 Chart Pattern Scanner because it is more advanced version. Of course, the same logic applies to Harmonic Pattern Scenario planner.
In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator (Repainting but non lagging)”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Link 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/
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/
![](https://c.mql5.com/1/228/Harmonic-Pattern-Plus-and-Profitable-Pattern-Scanner.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Using Spread Chart from the Pairs Trading Station in MetaTrader
From Pairs Trading Station in MetaTrader version, you can access the Spread Chart, which is mathematically processed to show the distance between two financial instruments (or between two assets).
You can access the Spread Chart by clicking << button or >> button near the Spread button.
Here is the brief guide on how to interpret the Spread Chart. In this example, we use AUDUSD and XAUUSD as asset 1 and asset 2. The absolute magnitude of these two assets are compared in the normalized sense to compare apple to apple and pear to pear. Two cases exist including the positive spread and negative spread.
In positive spread, AUDUSD (i.e. asset 1) is greater than XAUUSD (i.e. asset 2). Higher the positive spread means that AUDUSD is much greater than XAUUSD in the normalized sense. If the positive spread is small, then the difference between AUDUSD and XAUUSD is also small.
In negative spread, AUDUSD (i.e. asset 2) is smaller than XAUUSD (i.e. asset 2). Higher the negative spread means that AUDUSD is much smaller than XAUUSD in the normalized sense. If the negative spread is small, then the difference between AUDUSD and XAUUSD is also small.
Further you can access more detailed trading operation with below Pairs Trading Manual.
https://algotrading-investment.com/2015/11/14/introduction-to-pair-trading-station_ati/
In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station
https://youtu.be/fAE9pByxZDA
To help you understand the spread chart, we also attach the screenshot.
Pair Trading Station is very unique trading system based on Statistical Arbritage trading principle. Below is the direct link to Pair Trading Station for MetaTrader 4 and MetaTrader 5 platform:
https://algotrading-investment.com/portfolio-item/pair-trading-station/
https://www.mql5.com/en/market/product/3303
https://www.mql5.com/en/market/product/3304
So far, we have explained the functionality of Pairs Trading Station in MetaTrader version, covering both MetaTrader 4 and MetaTrader 5. In addition, we also provide the Pairs Trading Station in Optimum Chart too with more advanced features.
https://algotrading-investment.com/2019/07/23/optimum-chart/
From Pairs Trading Station in MetaTrader version, you can access the Spread Chart, which is mathematically processed to show the distance between two financial instruments (or between two assets).
You can access the Spread Chart by clicking << button or >> button near the Spread button.
Here is the brief guide on how to interpret the Spread Chart. In this example, we use AUDUSD and XAUUSD as asset 1 and asset 2. The absolute magnitude of these two assets are compared in the normalized sense to compare apple to apple and pear to pear. Two cases exist including the positive spread and negative spread.
In positive spread, AUDUSD (i.e. asset 1) is greater than XAUUSD (i.e. asset 2). Higher the positive spread means that AUDUSD is much greater than XAUUSD in the normalized sense. If the positive spread is small, then the difference between AUDUSD and XAUUSD is also small.
In negative spread, AUDUSD (i.e. asset 2) is smaller than XAUUSD (i.e. asset 2). Higher the negative spread means that AUDUSD is much smaller than XAUUSD in the normalized sense. If the negative spread is small, then the difference between AUDUSD and XAUUSD is also small.
Further you can access more detailed trading operation with below Pairs Trading Manual.
https://algotrading-investment.com/2015/11/14/introduction-to-pair-trading-station_ati/
In addition, you can watch this YouTube Video titled as How to use Pairs Trading Station
https://youtu.be/fAE9pByxZDA
To help you understand the spread chart, we also attach the screenshot.
Pair Trading Station is very unique trading system based on Statistical Arbritage trading principle. Below is the direct link to Pair Trading Station for MetaTrader 4 and MetaTrader 5 platform:
https://algotrading-investment.com/portfolio-item/pair-trading-station/
https://www.mql5.com/en/market/product/3303
https://www.mql5.com/en/market/product/3304
So far, we have explained the functionality of Pairs Trading Station in MetaTrader version, covering both MetaTrader 4 and MetaTrader 5. In addition, we also provide the Pairs Trading Station in Optimum Chart too with more advanced features.
https://algotrading-investment.com/2019/07/23/optimum-chart/
![](https://c.mql5.com/1/228/Spread_Chart_in_Pairs_Trading_Station_e1.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Trading Zone Extended From Support Resistance
Trading zone in technical analysis is the extended concept from the horizontal support and resistance. The zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Especially, when the zone is drawn around the significant peak and trough, the value for the trading zone is precious. When you use Harmonic Pattern or X3 Chart Pattern, the trading zone can be identified using the Pattern Completion Interval. The detailed process is well described in the Book: Guide to Precision Harmonic Pattern Trading (2016). When you use the supply demand analysis, the zone is identified from the base location. Especially, it is even better if the trading zone is non repainting. The non repainting zone become the powerful tool to decide the entry and exit for your trading because they stay in the location always as the reference.
https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
The trading zone is useful if your trading strategy is based on predicting the market direction. In such a case, the trading zone can provide a sensible place for stop loss. Then you can scale up your take profit target according to your anticipated location. Even if your trading strategy is not based on predicting market direction, the trading zone is still useful. For example, let’s say that you never want to predict the market, but you want to react the market so that you will trade in the direction in which the price is pushed by crowd like support and resistance style. In this case, the trading zone acts like the horizontal support resistance. But the managing your reward and risk is much easier than other mean of support and resistance.
I used the word minimum stop loss instead of the stop loss because sometimes, you might need to make your stop loss slightly bigger than the actual zone. The margin for the stop loss will be depending on your reward to risk ratio. How this reward to risk system works is well described in the latest book: Technical Analysis in Forex and Stock Market (2021).
https://play.google.com/store/books/details?id=pHlMEAAAQBAJ
For your information, we also provide the MetaTrader 4 and MetaTrader 5 indicators that provide the non repainting trading zone. You can have a look at these automated scanner, which you can trade with the direction prediction strategy as well as the react to market strategy.
Here is the link to Ace Supply Demand Zone Indicator for MetaTrader 4/MetaTrader 5.
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/
Here is the link to X3 Chart Pattern Scanner for MetaTrader 4/ MetaTrader 5.
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/
Trading zone in technical analysis is the extended concept from the horizontal support and resistance. The zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Especially, when the zone is drawn around the significant peak and trough, the value for the trading zone is precious. When you use Harmonic Pattern or X3 Chart Pattern, the trading zone can be identified using the Pattern Completion Interval. The detailed process is well described in the Book: Guide to Precision Harmonic Pattern Trading (2016). When you use the supply demand analysis, the zone is identified from the base location. Especially, it is even better if the trading zone is non repainting. The non repainting zone become the powerful tool to decide the entry and exit for your trading because they stay in the location always as the reference.
https://play.google.com/store/books/details?id=8SbMDwAAQBAJ
The trading zone is useful if your trading strategy is based on predicting the market direction. In such a case, the trading zone can provide a sensible place for stop loss. Then you can scale up your take profit target according to your anticipated location. Even if your trading strategy is not based on predicting market direction, the trading zone is still useful. For example, let’s say that you never want to predict the market, but you want to react the market so that you will trade in the direction in which the price is pushed by crowd like support and resistance style. In this case, the trading zone acts like the horizontal support resistance. But the managing your reward and risk is much easier than other mean of support and resistance.
I used the word minimum stop loss instead of the stop loss because sometimes, you might need to make your stop loss slightly bigger than the actual zone. The margin for the stop loss will be depending on your reward to risk ratio. How this reward to risk system works is well described in the latest book: Technical Analysis in Forex and Stock Market (2021).
https://play.google.com/store/books/details?id=pHlMEAAAQBAJ
For your information, we also provide the MetaTrader 4 and MetaTrader 5 indicators that provide the non repainting trading zone. You can have a look at these automated scanner, which you can trade with the direction prediction strategy as well as the react to market strategy.
Here is the link to Ace Supply Demand Zone Indicator for MetaTrader 4/MetaTrader 5.
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/
Here is the link to X3 Chart Pattern Scanner for MetaTrader 4/ MetaTrader 5.
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/
![](https://c.mql5.com/1/228/Trading_Zone_from_Support_Resistance__1.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Diagonal Support and Resistance
In the financial market, we can observe the diagonal price patterns frequently. Diagonal support and resistance are the typical price patterns we can observe as the results of the combined effect of Equilibrium and Fractal Wave process. Diagonal support and resistance are not different from the horizontal support and resistance. When the connected peaks and troughs provide the diagonal slope rather than the horizontal line, then that slope can be considered as the diagonal support and resistance. However, there can be more variations comparing to the horizontal case. Firstly, we can have the ascending diagonal support and resistance. Secondly, we can also have the descending diagonal support and resistance. For your convenience, we have listed all the possible diagonal support and resistance patterns in Table 2-2. We have also listed the corresponding example for each pattern from Figure 2-6 to Figure 2-13. How to trade diagonal support and resistance levels are the same as the horizontal support and resistance. You can apply the proportional threshold method and the Fibonacci threshold method for your entry for the case of diagonal support and resistance too. The trading example is shown in Figure 2-14. How to calculate the threshold level for Y Buy and Y Sell are identical to the case of horizontal support and resistance. As in the horizontal support and resistance, it is sensible to set your stop loss level greater than the minimum stop level.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detect many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check the YouTube Video titled as “Intro Video to Advanced Price Pattern Scanner”. This video covers some basic operation with Advanced Price Pattern Scanner in MetaTrader.
Advanced Price Pattern Scanner YouTube Video: https://www.youtube.com/watch?v=A1-IUr6u5Tg
Here are the links for Advanced price Pattern Scanner for Metatrader 4 and MetaTrader 5.
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
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. Below are the links to Price breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5.
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/
The main difference is that Price Breakout Pattern Scanner is repainting pattern scanner whereas Advanced Price Pattern Scanner is non-repainting pattern scanner.
In the financial market, we can observe the diagonal price patterns frequently. Diagonal support and resistance are the typical price patterns we can observe as the results of the combined effect of Equilibrium and Fractal Wave process. Diagonal support and resistance are not different from the horizontal support and resistance. When the connected peaks and troughs provide the diagonal slope rather than the horizontal line, then that slope can be considered as the diagonal support and resistance. However, there can be more variations comparing to the horizontal case. Firstly, we can have the ascending diagonal support and resistance. Secondly, we can also have the descending diagonal support and resistance. For your convenience, we have listed all the possible diagonal support and resistance patterns in Table 2-2. We have also listed the corresponding example for each pattern from Figure 2-6 to Figure 2-13. How to trade diagonal support and resistance levels are the same as the horizontal support and resistance. You can apply the proportional threshold method and the Fibonacci threshold method for your entry for the case of diagonal support and resistance too. The trading example is shown in Figure 2-14. How to calculate the threshold level for Y Buy and Y Sell are identical to the case of horizontal support and resistance. As in the horizontal support and resistance, it is sensible to set your stop loss level greater than the minimum stop level.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
Advanced Price Pattern Scanner is the non repainting pattern scanner designed for both MetaTrader 4 and MetaTrader 5. It can detect many important price patterns for your trading like rising wedge, falling wedge, head and shoulder patterns, Cup and Handle, etc. Here is an intro video for Advanced Price Pattern Scanner from YouTube. Please check the YouTube Video titled as “Intro Video to Advanced Price Pattern Scanner”. This video covers some basic operation with Advanced Price Pattern Scanner in MetaTrader.
Advanced Price Pattern Scanner YouTube Video: https://www.youtube.com/watch?v=A1-IUr6u5Tg
Here are the links for Advanced price Pattern Scanner for Metatrader 4 and MetaTrader 5.
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
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. Below are the links to Price breakout Pattern Scanner for MetaTrader 4 and MetaTrader 5.
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/
The main difference is that Price Breakout Pattern Scanner is repainting pattern scanner whereas Advanced Price Pattern Scanner is non-repainting pattern scanner.
![](https://c.mql5.com/1/228/Figure-2-14_-Resistance-Trading-example-as-in-the-direct-pattern-recognition-on-GBPUSD-H4-timeframe..png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Fight Corona Virus Together Discounts
Our life before and after the Corona Virus is significantly different. We feel the pain just like you when we look around. But some people are working hard to find the cure for this virus. I am sure we will get there pretty soon. Let us wait and help each other until then.
During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.
Discounted price is shown in the screenshot for the following six products.
Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)
This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.
https://www.mql5.com/en/users/financeengineer/seller#products
https://www.algotrading-investment.com/
Here are some simple tips for you to stay safe from this Covid19 Crisis.
Wear mask as much as you can if there are people
Don’t touch your face – Avoid touching your eyes, nose and mouth.
Don’t cough or sneeze into your hands – Cover your mouth and nose with your elbow or tissue when coughing or sneezing. Dispose of used tissue immediately.
Keep your distance – Maintain a distance of at least 2 meter from people who are coughing or sneezing.
Wash, wash, wash your hands
Take care of loved ones
Our life before and after the Corona Virus is significantly different. We feel the pain just like you when we look around. But some people are working hard to find the cure for this virus. I am sure we will get there pretty soon. Let us wait and help each other until then.
During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.
Discounted price is shown in the screenshot for the following six products.
Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)
This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.
https://www.mql5.com/en/users/financeengineer/seller#products
https://www.algotrading-investment.com/
Here are some simple tips for you to stay safe from this Covid19 Crisis.
Wear mask as much as you can if there are people
Don’t touch your face – Avoid touching your eyes, nose and mouth.
Don’t cough or sneeze into your hands – Cover your mouth and nose with your elbow or tissue when coughing or sneezing. Dispose of used tissue immediately.
Keep your distance – Maintain a distance of at least 2 meter from people who are coughing or sneezing.
Wash, wash, wash your hands
Take care of loved ones
![](https://c.mql5.com/1/228/Beat_Corona_Virus_Together_Discounts_for_Victory__1.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Introduction to the Wave Principle
Ralph Nelson Elliott was one of very first person who believed that he could predict the stock market by studying the repeating price patterns in the price series. The Wave Principle from Elliott states that the wave patterns in different scales are repeating and superimposing on each other forming complex wave patterns. If harmonic pattern directly focuses on the short patterns made up from five points, the Wave Principle, developed by Ralph Nelson Elliott, describe how the financial market evolve to meet the equilibrium with the repeating wave patterns, equilibrium fractal waves. The advantage of Elliott Wave theory is that it is comprehensive as the theory provides multiple trading entries on different market conditions. With Elliott Wave theory, traders can perform both momentum trading and mean reversion trading. The disadvantage of Elliott Wave theory is that it is more complex comparing to other trading techniques. In addition, there are still some loose ends in detecting Elliott wave patterns. For this reason, many traders heavily criticize the lack of scientific methods of counting Elliott Waves.
Elliott Wave theory received good attention from many traders and investors for several decades. Elliott Wave theory is a useful technique to deal with the financial market with the dominating Equilibrium Fractal-Wave process. For the financial market with strong Equilibrium Wave process (2nd, 3rd and 4th columns in the Price Pattern Table), traders must use alternative methodology over Elliott Wave techniques because Elliott Wave Theory is not meant to deal with Wave process. Seasonality or other cyclic fluctuations can be dealt better with other techniques. For example, Seasonal Exponential Smoothing, Fourier Transform, Principal Component Analysis or Wavelet Transformation might do better job for such a case. Some literature review and empirical research can yield helpful insight on which market trader can trade better with Elliott Wave Theory. In our Book, we will introduce the fundamentals of the Wave Principle. At the same time, we will introduce the template and pattern approach towards more scientific wave counting for traders.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-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, and so on. 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. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.
YouTube Link: https://youtu.be/Oftml-JKyKM
Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links 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
EFW Analytics provide the graphic rich and fully visual trading styles. In default trading strategy, you will be looking at the combined signal from Superimposed pattern + EFW Channel or Superimposed pattern + Superimposed Channel. In addition, you can perform many more trading strategies in a reversal and breakout mode. You can also run two different timeframes in one chart to enforce your trading decision. Sound alert, email and push notification are built inside the indicator.
Below is the link to the EFW Analytics:
https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/
https://www.mql5.com/en/market/product/27703
https://www.mql5.com/en/market/product/27702
Ralph Nelson Elliott was one of very first person who believed that he could predict the stock market by studying the repeating price patterns in the price series. The Wave Principle from Elliott states that the wave patterns in different scales are repeating and superimposing on each other forming complex wave patterns. If harmonic pattern directly focuses on the short patterns made up from five points, the Wave Principle, developed by Ralph Nelson Elliott, describe how the financial market evolve to meet the equilibrium with the repeating wave patterns, equilibrium fractal waves. The advantage of Elliott Wave theory is that it is comprehensive as the theory provides multiple trading entries on different market conditions. With Elliott Wave theory, traders can perform both momentum trading and mean reversion trading. The disadvantage of Elliott Wave theory is that it is more complex comparing to other trading techniques. In addition, there are still some loose ends in detecting Elliott wave patterns. For this reason, many traders heavily criticize the lack of scientific methods of counting Elliott Waves.
Elliott Wave theory received good attention from many traders and investors for several decades. Elliott Wave theory is a useful technique to deal with the financial market with the dominating Equilibrium Fractal-Wave process. For the financial market with strong Equilibrium Wave process (2nd, 3rd and 4th columns in the Price Pattern Table), traders must use alternative methodology over Elliott Wave techniques because Elliott Wave Theory is not meant to deal with Wave process. Seasonality or other cyclic fluctuations can be dealt better with other techniques. For example, Seasonal Exponential Smoothing, Fourier Transform, Principal Component Analysis or Wavelet Transformation might do better job for such a case. Some literature review and empirical research can yield helpful insight on which market trader can trade better with Elliott Wave Theory. In our Book, we will introduce the fundamentals of the Wave Principle. At the same time, we will introduce the template and pattern approach towards more scientific wave counting for traders.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-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, and so on. 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. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.
YouTube Link: https://youtu.be/Oftml-JKyKM
Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links 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
EFW Analytics provide the graphic rich and fully visual trading styles. In default trading strategy, you will be looking at the combined signal from Superimposed pattern + EFW Channel or Superimposed pattern + Superimposed Channel. In addition, you can perform many more trading strategies in a reversal and breakout mode. You can also run two different timeframes in one chart to enforce your trading decision. Sound alert, email and push notification are built inside the indicator.
Below is the link to the EFW Analytics:
https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/
https://www.mql5.com/en/market/product/27703
https://www.mql5.com/en/market/product/27702
![](https://c.mql5.com/1/228/Figure-9-12.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Harmonic Pattern Detection Indicator
Trading Indicator is the realization of particular theory or trading strategy or trading ideas for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.
Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.
Type 1: Non lagging (fast signal) but repainting
option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.
Type 2: Lagging (slow signal) but non repainting
no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 3: Detecting pattern at point C but repainting
option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 4: Non lagging (fast signal) and non repainting
option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.
To accomplish this post, you can read the full blog article about the types of Harmonic Pattern Indicator from the link below.
https://algotrading-investment.com/2019/03/03/harmonic-pattern-indicator-explained/
In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Here is the list of Harmonic Pattern Indicators for MetaTrader 4 and MetaTrader 5.
1. Harmonic Pattern Plus (2014)
Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.
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. Harmonic Pattern Scenario Planner (2014)
With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.
Below are the Links to Harmonic Pattern Scenario Planner
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. 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/
Trading Indicator is the realization of particular theory or trading strategy or trading ideas for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.
Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.
Type 1: Non lagging (fast signal) but repainting
option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.
Type 2: Lagging (slow signal) but non repainting
no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 3: Detecting pattern at point C but repainting
option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 4: Non lagging (fast signal) and non repainting
option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.
To accomplish this post, you can read the full blog article about the types of Harmonic Pattern Indicator from the link below.
https://algotrading-investment.com/2019/03/03/harmonic-pattern-indicator-explained/
In addition, you can watch the YouTube Video to feel what is the automated harmonic pattern indicator like. For your information, we provides two YouTube videos with title and links below.
YouTube “Harmonic Pattern Indicator”: https://youtu.be/CzYUwk5qeCk
YouTube “Non Repainting Non Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Here is the list of Harmonic Pattern Indicators for MetaTrader 4 and MetaTrader 5.
1. Harmonic Pattern Plus (2014)
Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.
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. Harmonic Pattern Scenario Planner (2014)
With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.
Below are the Links to Harmonic Pattern Scenario Planner
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. 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/
![](https://c.mql5.com/1/228/harmonic-pattern-detection-indicator-MT4__2.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
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, and so on. 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. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.
In the following article, we explain some basics operation with Elliott Wave Trend in MetaTrader.
https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/
At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.
YouTube Link: https://youtu.be/Oftml-JKyKM
Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links 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
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, and so on. 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. Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 platform.
In the following article, we explain some basics operation with Elliott Wave Trend in MetaTrader.
https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/
At the same time, you can watch YouTube video titled as “Elliott Wave Trend Intro to find out more about Elliott Wave Trend Indicator.
YouTube Link: https://youtu.be/Oftml-JKyKM
Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. Here are the links 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
![](https://c.mql5.com/1/228/elliott-wave-indicator-mt5__1.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Volume Spread Analysis Indicator List
We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.
These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.
Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.
Here is the link to Volume Spread Pattern Indicator.
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/
Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.
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/
Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you can use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector. In addition, we provide the YouTube video to accomplish the basic operations of Excessive Momentum Indicator.
YouTube Video (Excessive Momentum Indicator): https://youtu.be/oztARcXsAVA
YouTube Video (Excessive Momentum Indicator Explained): https://youtu.be/A4JcTcakOKw
Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.
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
Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.
https://algotrading-investment.com/portfolio-item/volume-zone-oscillator/
We provide three different Volume Spread Analysis indicators and volume based tools. Our volume spread analysis tools are the hybrid of volume spread analysis and signal processing theory.
These tools will help you to complete your trading decision with high precision. As long as you understand the concept of the Accumulation and Distribution area in the volume spread analysis, these tools will help you to predict the presence of Accumulation and Distribution area. Hence, you can predict the best trading opportunity.
Firstly, Volume Spread Pattern Indicator is the powerful volume spread analysis indicator that operated across multiple timeframe. Volume Spread Pattern Indicator will not only provide the bearish and bullish volume spread pattern in the current time frame but also it will detect the same patterns across all timeframe. You just need to open one chart and you will be notified bullish and bearish patterns in all timeframe in real time.
Here is the link to Volume Spread Pattern Indicator.
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/
Secondly, Volume Spread Pattern Detector is the light version of Volume Spread Pattern Indicator above. This is free tool with some limited features. However, Volume Spread Pattern Detector is used by thousands of traders. Especially, it works great with the support and resistance to confirm the turning point. This is free tool. Just grab one.
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/
Both Volume Spread Pattern Indicator and Volume Spread Pattern Detector works well with Excessive Momentum indicator as Excessive Momentum indicator helps to detect the potential Accumulation and Distribution area automatically. Hence, if you are using Excessive Momentum Indicator, then you can use one between Volume Spread Pattern Indicator or Volume Spread Pattern Detector. In addition, we provide the YouTube video to accomplish the basic operations of Excessive Momentum Indicator.
YouTube Video (Excessive Momentum Indicator): https://youtu.be/oztARcXsAVA
YouTube Video (Excessive Momentum Indicator Explained): https://youtu.be/A4JcTcakOKw
Here is link to Excessive Momentum Indicator for MetaTrader 4 and MetaTrader 5.
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
Thirdly, we provide the volume Zone Oscillator. This is another useful free tool that utilizes the volume information for your trading. You can use these tools for volume spread analysis, Harmonic Pattern, Elliott Wave Pattern, X3 Price Pattern further. This is free tool. Just grab one.
https://algotrading-investment.com/portfolio-item/volume-zone-oscillator/
![](https://c.mql5.com/1/228/Volume_Spread_Analysis_Indicators.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Horizontal Support and Resistance
Support and resistance techniques are one of the most popular trading strategy for many day traders. 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 of the instrument. In fact, several support and resistance techniques are the direct pattern recognition techniques to deal with the equilibrium fractal waves in the price series. However, trader should note that not all the support resistance techniques are the valid tool to deal with the equilibrium fractal waves. For example, the pivot levels derived from the pivot analysis can be used as support and resistance for your trading. In fact, many textbook will introduce the pivot analysis as the kind of the support and resistance tool. However, consider how to derive the pivot levels from the standard pivot calculation equations below:
Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = (P x 2) – High
Support 2 (S2) = P – (High – Low)
Resistance 1 (R1) = (P x 2) – Low
Resistance 2 (R2) = P + (High – Low)
, where High, Low and Close are the High, Low and Close of the previous candle bar.
As you can see, the median price, Pivot Point, of the previous candle bar is calculated first. Then the median price is used to derive the support and resistance 1 and 2. We can clearly see that this pivot analysis have nothing to do with any pattern recognition from your chart. It rather uses the concept of averaging and volatility from the centre of the pivot point. One can extend the standard pivot analysis using Fibonacci ratio. However, the extended pivot analysis is still not the direct pattern recognition either.
When we say the support and resistance as in the direct pattern recognition, we are talking about creating support and resistance levels by connecting peak to peak and by connecting trough to trough in your chart. For example, Figure 2-1 shows the support example on GBPUSD H4 timeframe. By connecting three troughs in the chart, we could identify the important support level and we can project the level for the next point for our trading. When the price was approaching to the support level fourth time, the price made a reversal (turning point) movement on the support level. This is what happened at least on the surface. However, what is exactly going on behind the scene? In fact, the support levels are the manifest of the propagation of the Equilibrium Fractal Wave through the price. To demonstrate the propagation of the Equilibrium Fractal Wave, we have added the Zig Zag line on each trough in Figure 2-1. When the price touches the support level each time, new triangle is added to the price wave. The price can continue like this making few more touches on the support level. Sometimes, it is common to see the support with five or more touches. In general, when the vertexes of several non-overlapping triangles are aligned through a straight line below the market price, the straight line becomes the support level.
In our first support example (Figure 2-1), we have visualized the reversal price action around the support. However, it is possible that we can have the support predicting the breakout movement instead of the reversal. For example, the USDJPY in Figure 2-2 penetrated through the support making the breakout on its fourth touch. When the price breakout below the support level, we can see that the size of the last triangle was transformed to be bigger. This is the typical price action when the new equilibrium source is introduced to the market.
Figure 2-1: Support example as in the direct pattern recognition on GBPUSD H4 timeframe.
Figure 2-2: Support Example as in the direct pattern recognition on USDJPY H4 timeframe.
Now let us have a look at the resistance example. As before, we can identify the important resistance levels by connecting peak to peak. In Figure 2-3, we have connected three peaks to identify the resistance level. The price made a reversal (turning point) in its fourth touch on the resistance level. As in the support level, the resistance levels are formed when the vertexes of the several non-overlapping triangles are aligned near the same horizontal level. In this time, the horizontal levels will be located above the market price. As in the support example, it is possible to have a breakout through the resistance too. For example, the EURUSD in Figure 2-4 made a clean breakout on its seventh touch on the resistance level. In this example, the last triangle was transformed in its size as in the support example of Figure 2-2. By summarizing both support and resistances examples, we can identify four different horizontal support and resistance patterns for your trading as shown in Table 2-1.
Figure 2-3: Resistance example as in the direct pattern recognition on GBPUSD H4 timeframe.
Figure 2-4: Resistance example as in the direct pattern recognition on EURUSD H4 timeframe.
Support and resistance Price Action Direction Example
Horizontal Support Reversal Buy Figure 2-1
Horizontal Support Breakout Sell Figure 2-2
Horizontal Resistance Reversal Sell Figure 2-3
Horizontal Resistance Breakout Buy Figure 2-4
Table 2-1: List of horizontal support and resistance patterns for your trading.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
You can also use Ace Supply Demand Zone Indicator in MetaTrader to accomplish your support resistance analysis. Ace Supply Demand Zone indicator is non repainting and non lagging indicator with a lot of powerful features built on. Especially, you can use it like the horizontal support and resistance for your trading as well as the direction prediction trading strategy.
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/
Turning Point Probability and Trend Probability can be measured with Fractal Pattern Scanner at every price action in your chart. The turning point probability can improve the accuracy of trading with horizontal support and resistance. You can watch this YouTube video how you can turn the support resistance into the killer strategy with the turning point probability in Fractal Pattern Scanner.
Below is the landing page to Fractal Pattern Scanner in MetaTrader 4 and MetaTrader 5.
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/
Support and resistance techniques are one of the most popular trading strategy for many day traders. 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 of the instrument. In fact, several support and resistance techniques are the direct pattern recognition techniques to deal with the equilibrium fractal waves in the price series. However, trader should note that not all the support resistance techniques are the valid tool to deal with the equilibrium fractal waves. For example, the pivot levels derived from the pivot analysis can be used as support and resistance for your trading. In fact, many textbook will introduce the pivot analysis as the kind of the support and resistance tool. However, consider how to derive the pivot levels from the standard pivot calculation equations below:
Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = (P x 2) – High
Support 2 (S2) = P – (High – Low)
Resistance 1 (R1) = (P x 2) – Low
Resistance 2 (R2) = P + (High – Low)
, where High, Low and Close are the High, Low and Close of the previous candle bar.
As you can see, the median price, Pivot Point, of the previous candle bar is calculated first. Then the median price is used to derive the support and resistance 1 and 2. We can clearly see that this pivot analysis have nothing to do with any pattern recognition from your chart. It rather uses the concept of averaging and volatility from the centre of the pivot point. One can extend the standard pivot analysis using Fibonacci ratio. However, the extended pivot analysis is still not the direct pattern recognition either.
When we say the support and resistance as in the direct pattern recognition, we are talking about creating support and resistance levels by connecting peak to peak and by connecting trough to trough in your chart. For example, Figure 2-1 shows the support example on GBPUSD H4 timeframe. By connecting three troughs in the chart, we could identify the important support level and we can project the level for the next point for our trading. When the price was approaching to the support level fourth time, the price made a reversal (turning point) movement on the support level. This is what happened at least on the surface. However, what is exactly going on behind the scene? In fact, the support levels are the manifest of the propagation of the Equilibrium Fractal Wave through the price. To demonstrate the propagation of the Equilibrium Fractal Wave, we have added the Zig Zag line on each trough in Figure 2-1. When the price touches the support level each time, new triangle is added to the price wave. The price can continue like this making few more touches on the support level. Sometimes, it is common to see the support with five or more touches. In general, when the vertexes of several non-overlapping triangles are aligned through a straight line below the market price, the straight line becomes the support level.
In our first support example (Figure 2-1), we have visualized the reversal price action around the support. However, it is possible that we can have the support predicting the breakout movement instead of the reversal. For example, the USDJPY in Figure 2-2 penetrated through the support making the breakout on its fourth touch. When the price breakout below the support level, we can see that the size of the last triangle was transformed to be bigger. This is the typical price action when the new equilibrium source is introduced to the market.
Figure 2-1: Support example as in the direct pattern recognition on GBPUSD H4 timeframe.
Figure 2-2: Support Example as in the direct pattern recognition on USDJPY H4 timeframe.
Now let us have a look at the resistance example. As before, we can identify the important resistance levels by connecting peak to peak. In Figure 2-3, we have connected three peaks to identify the resistance level. The price made a reversal (turning point) in its fourth touch on the resistance level. As in the support level, the resistance levels are formed when the vertexes of the several non-overlapping triangles are aligned near the same horizontal level. In this time, the horizontal levels will be located above the market price. As in the support example, it is possible to have a breakout through the resistance too. For example, the EURUSD in Figure 2-4 made a clean breakout on its seventh touch on the resistance level. In this example, the last triangle was transformed in its size as in the support example of Figure 2-2. By summarizing both support and resistances examples, we can identify four different horizontal support and resistance patterns for your trading as shown in Table 2-1.
Figure 2-3: Resistance example as in the direct pattern recognition on GBPUSD H4 timeframe.
Figure 2-4: Resistance example as in the direct pattern recognition on EURUSD H4 timeframe.
Support and resistance Price Action Direction Example
Horizontal Support Reversal Buy Figure 2-1
Horizontal Support Breakout Sell Figure 2-2
Horizontal Resistance Reversal Sell Figure 2-3
Horizontal Resistance Breakout Buy Figure 2-4
Table 2-1: List of horizontal support and resistance patterns for your trading.
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
You can also use Ace Supply Demand Zone Indicator in MetaTrader to accomplish your support resistance analysis. Ace Supply Demand Zone indicator is non repainting and non lagging indicator with a lot of powerful features built on. Especially, you can use it like the horizontal support and resistance for your trading as well as the direction prediction trading strategy.
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/
Turning Point Probability and Trend Probability can be measured with Fractal Pattern Scanner at every price action in your chart. The turning point probability can improve the accuracy of trading with horizontal support and resistance. You can watch this YouTube video how you can turn the support resistance into the killer strategy with the turning point probability in Fractal Pattern Scanner.
Below is the landing page to Fractal Pattern Scanner in MetaTrader 4 and MetaTrader 5.
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/
![](https://c.mql5.com/1/228/Figure_2-5__Support_Trading_example_as_in_the_direct_pattern_recognition_on_GBPUSD_H4_timeframe..png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Beat Corona Virus Together Discounts for MetaTrader
Since December 2019, we have observed the loss of lives due to this COVID-19 pandemic. Apart from this, COVID-19 has severely demobilized the global economy. Many of the affected countries have undergone the complete lock down. Life after the COVID 19 is tough for the entire society. We never knew that this will last this long.
During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.
Discounted price is shown in the screenshot for the following six products.
Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)
This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.
https://www.mql5.com/en/users/financeengineer/seller#products
https://www.algotrading-investment.com/
Here are some simple tips for you to stay safe from this Covid19 Crysis.
Don’t touch your face – Avoid touching your eyes, nose and mouth.
Don’t cough or sneeze into your hands – Cover your mouth and nose with your elbow or tissue when coughing or sneezing. Dispose of used tissue immediately.
Keep your distance – Maintain a distance of at least 2 meter from people who are coughing or sneezing.
Wash, wash, wash your hands
Finally, care the loved one.
Since December 2019, we have observed the loss of lives due to this COVID-19 pandemic. Apart from this, COVID-19 has severely demobilized the global economy. Many of the affected countries have undergone the complete lock down. Life after the COVID 19 is tough for the entire society. We never knew that this will last this long.
During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.
Discounted price is shown in the screenshot for the following six products.
Ace Supply Demand Zone indicator
Advanced Price Pattern Scanner
Elliott Wave Trend
Price Breakout Pattern Scanner
Harmonic Pattern Scenario Planner
X3 Chart Pattern Scanner (=Profitable Pattern Scanner)
This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.
https://www.mql5.com/en/users/financeengineer/seller#products
https://www.algotrading-investment.com/
Here are some simple tips for you to stay safe from this Covid19 Crysis.
Don’t touch your face – Avoid touching your eyes, nose and mouth.
Don’t cough or sneeze into your hands – Cover your mouth and nose with your elbow or tissue when coughing or sneezing. Dispose of used tissue immediately.
Keep your distance – Maintain a distance of at least 2 meter from people who are coughing or sneezing.
Wash, wash, wash your hands
Finally, care the loved one.
![](https://c.mql5.com/1/228/Beat_Corona_Virus_Together_Discounts_for_Victory.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Projecting Significant Channels into Future with EFW Analytics
EFW Analytics is a powerful tool for your trading. EFW analytics contains multiple of features. One of them is project significant channels into future (available from version 10.6). The concept behind this is similar to viewing neighboring Channel feature. The difference is that this feature project the channels into future instead of showing them the past footage. Of course, this is fully automatic feature in just one button click. To project the channels into upper price range, just click “Upper” button. To project the channels into lower price range, just click “Lower” button. Once button is clicked, EFW analytics will show 1 to several important lines for your trading. If you want to fine tune the lines, then you can check their rating information. To do so, just move your mouse over each line. Then you can read rating of each channel in your chart. If you believe that some lines are absolutely important, then make sure that you lock them in your chart for nurture reference. To lock the lines, just click over the lines. That is all. Your trading will be ready in 1 minutes. No rocket science at all. It is just one button click.
Below is the link to the EFW Analytics (Equilibrium Fractal Wave Analytics):
https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/
https://www.mql5.com/en/market/product/27703
https://www.mql5.com/en/market/product/27702
EFW Analytics is a powerful tool for your trading. EFW analytics contains multiple of features. One of them is project significant channels into future (available from version 10.6). The concept behind this is similar to viewing neighboring Channel feature. The difference is that this feature project the channels into future instead of showing them the past footage. Of course, this is fully automatic feature in just one button click. To project the channels into upper price range, just click “Upper” button. To project the channels into lower price range, just click “Lower” button. Once button is clicked, EFW analytics will show 1 to several important lines for your trading. If you want to fine tune the lines, then you can check their rating information. To do so, just move your mouse over each line. Then you can read rating of each channel in your chart. If you believe that some lines are absolutely important, then make sure that you lock them in your chart for nurture reference. To lock the lines, just click over the lines. That is all. Your trading will be ready in 1 minutes. No rocket science at all. It is just one button click.
Below is the link to the EFW Analytics (Equilibrium Fractal Wave Analytics):
https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/
https://www.mql5.com/en/market/product/27703
https://www.mql5.com/en/market/product/27702
![](https://c.mql5.com/1/228/Equilibrium-Fractal-Wave-Analytics-S015-1.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
New Version of X3 Chart Pattern Scanner Coming For MetaTrader 4 and MetaTrader 5
In version 8.71, we reinforced the zone concept in X3 Chart Pattern Scanner. Zone is the extended concept from the Horizontal Support and Resistance in technical analysis. Zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Since we understand the importance of the zone concept, we provide the reinforced version of the Pattern Completion Interval for Harmonic Pattern and X3 Chart Pattern in the new version of X3 Chart Pattern Scanner. As before, you can lock this trading zone for the multiple timeframe analysis. New version is both applicable to both MetaTrader 4 and MetaTrader 5 products. Please download the latest version of X3 Chart Pattern Scanner from the link below.
Link to X3 Chart Pattern Scanner Download Page.
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/
In version 8.71, we reinforced the zone concept in X3 Chart Pattern Scanner. Zone is the extended concept from the Horizontal Support and Resistance in technical analysis. Zone is the great tool to decide your trading entry and exit as well as managing your risk and reward. Since we understand the importance of the zone concept, we provide the reinforced version of the Pattern Completion Interval for Harmonic Pattern and X3 Chart Pattern in the new version of X3 Chart Pattern Scanner. As before, you can lock this trading zone for the multiple timeframe analysis. New version is both applicable to both MetaTrader 4 and MetaTrader 5 products. Please download the latest version of X3 Chart Pattern Scanner from the link below.
Link to X3 Chart Pattern Scanner Download Page.
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/
![](https://c.mql5.com/1/228/Trading_Zone_in_X3_Chart_Pattern_Scanner__2.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
Support and Resistance
As a trader, I can not emphasize enough about the importance of support and resistance. Support and resistance is the most popular technical analysis tool in the world of trading. Furthermore, the concept of support and resistance are the basis of many advanced trading strategies too. In fact, many of the advanced trading strategies taught in this book including Harmonic Pattern and Elliott Wave are also partly based on the concept of support and resistance. If you do not have good understanding over the support and resistance, it is recommended staying away from the day trading. Many educational materials do mention about support and resistance but in brief. Different textbooks only discuss them in several different angles and it is difficult to find some unified language talking over the support and resistance. Many book will suggest that support and resistance consists of three or more points touching the same line. On the other hand, some book might mention that support and resistance are the respective levels that you should watch out for your trading. They are correct. However, comparing to its mega popularity, most of the textbook provide the very brief description only. As in the Fibonacci analysis, support resistance is another technique lacks with scientific relevance. In this book, we will use the concept of the Equilibrium Fractal-Wave to visualize the price action around the support and resistance. At the same time, the visualized price action can be further used to derive entry and exit for your trading. In addition, we will show you several important classes of support and resistance for your trading. To visualize the price action around the support and resistance, we use the Peak Trough Transformation with ZigZag indicator. We use the free Peak Trough Analysis tool from the website: www.algotrading-investment.com.
● Horizontal Support and Resistance
https://algotrading-investment.com/2020/06/04/horizontal-support-and-resistance/
● Diagonal Support and Resistance
https://algotrading-investment.com/2020/06/04/diagonal-support-and-resistance/
● Identification of Support and Resistance with the Template and Pattern Approach
https://algotrading-investment.com/2020/06/04/identification-of-support-and-resistance-with-the-template-and-pattern-approach/
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
You can also use Ace Supply Demand Zone Indicator in MetaTrader to accomplish your support resistance analysis. Ace Supply Demand Zone indicator is non repainting and non lagging indicator with a lot of powerful features built on. Especially, you can use it like the horizontal support and resistance for your trading as well as the direction prediction trading strategy.
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/
Turning Point Probability and Trend Probability can be measured with Fractal Pattern Scanner at every price action in your chart. The turning point probability can improve the accuracy of trading with horizontal support and resistance. You can watch this YouTube video how you can turn the support resistance into the killer strategy with the turning point probability in Fractal Pattern Scanner.
Below is the landing page to Fractal Pattern Scanner in MetaTrader 4 and MetaTrader 5.
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/
As a trader, I can not emphasize enough about the importance of support and resistance. Support and resistance is the most popular technical analysis tool in the world of trading. Furthermore, the concept of support and resistance are the basis of many advanced trading strategies too. In fact, many of the advanced trading strategies taught in this book including Harmonic Pattern and Elliott Wave are also partly based on the concept of support and resistance. If you do not have good understanding over the support and resistance, it is recommended staying away from the day trading. Many educational materials do mention about support and resistance but in brief. Different textbooks only discuss them in several different angles and it is difficult to find some unified language talking over the support and resistance. Many book will suggest that support and resistance consists of three or more points touching the same line. On the other hand, some book might mention that support and resistance are the respective levels that you should watch out for your trading. They are correct. However, comparing to its mega popularity, most of the textbook provide the very brief description only. As in the Fibonacci analysis, support resistance is another technique lacks with scientific relevance. In this book, we will use the concept of the Equilibrium Fractal-Wave to visualize the price action around the support and resistance. At the same time, the visualized price action can be further used to derive entry and exit for your trading. In addition, we will show you several important classes of support and resistance for your trading. To visualize the price action around the support and resistance, we use the Peak Trough Transformation with ZigZag indicator. We use the free Peak Trough Analysis tool from the website: www.algotrading-investment.com.
● Horizontal Support and Resistance
https://algotrading-investment.com/2020/06/04/horizontal-support-and-resistance/
● Diagonal Support and Resistance
https://algotrading-investment.com/2020/06/04/diagonal-support-and-resistance/
● Identification of Support and Resistance with the Template and Pattern Approach
https://algotrading-investment.com/2020/06/04/identification-of-support-and-resistance-with-the-template-and-pattern-approach/
About this Article
This article is the part taken from the draft version of the Book: Scientific Guide to Price Action and Pattern Trading (Wisdom of Trend, Cycle, and Fractal Wave). Full version of the book can be found from the link below:
https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/
You can also use Ace Supply Demand Zone Indicator in MetaTrader to accomplish your support resistance analysis. Ace Supply Demand Zone indicator is non repainting and non lagging indicator with a lot of powerful features built on. Especially, you can use it like the horizontal support and resistance for your trading as well as the direction prediction trading strategy.
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/
Turning Point Probability and Trend Probability can be measured with Fractal Pattern Scanner at every price action in your chart. The turning point probability can improve the accuracy of trading with horizontal support and resistance. You can watch this YouTube video how you can turn the support resistance into the killer strategy with the turning point probability in Fractal Pattern Scanner.
Below is the landing page to Fractal Pattern Scanner in MetaTrader 4 and MetaTrader 5.
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/
![](https://c.mql5.com/1/228/Supply_Demand_Zone_for_Support_Resistance.png)
![Young Ho Seo](https://c.mql5.com/avatar/2014/1/52E29441-6BDD.jpg)
Young Ho Seo
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
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
![](https://c.mql5.com/1/228/harmonic-pattern-detection-indicator-MT4__1.png)
: