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Monster Harmonic Indicator

4.59

Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone).

Users can add their own user defined patterns to Monster.

Besides the current pattern, Monster also shows all patterns in the symbols history.

Monster will provide alerts for developing patterns.

Introduced by H.M. Gartley and popularized by Scott M. Carney, harmonic patterns are one of the best instruments in the traders' toolkit. While the underlying Fibonacci projections and ratios are fairly complex, this indicator makes detection and discovery of the harmonics patterns easy. Monster gives you the right tool to become a better Harmonics trader.


Settings

Monster's default settings are good enough most of the time. Feel free to fine tune them to your needs.

  • Show only current patterns? - set to true to detect current patterns only
  • Show Pattern Projections? - show/hide projected patterns.
  • Show Invalidated Patterns? - show/hide invalidated patterns.
  • Minimum Accuracy Percent - minimum accuracy percentage for pattern recognition.
  • Price Must Touch All Minimum Ratios - set to true to force Monster to touch all minimum ratios, set this if you want the price to touch all minimum ratios and provide even better patterns.
  • Show 'PatternName' Patterns? - show/hide specific pattern.
  • Show Pattern Label? - set to true to show the pattern label in the chart.
  • Show Pattern Accuracy? - set to true to show the pattern accuracy in the chart.
  • Show Ratio Labels and Lines? - set to true to show the ratios of the pattern in the chart..
  • Show Initialization User Patterns? - set to true to show the results of the initialization of the user patterns in the Experts tab.
  • Show Fibonacci Projections in PRZ? - show/hide Fibonacci projections in PRZ.
  • Show Perfect Ratio Levels? - show/hide perfect Fibonacci projections in different color.
  • Show Risk/Reward in PRZ? - show/hide risk/reward PRZ.
  • Show Alerts? - enable/disable all alerts.
  • Alert Projected Patterns? - enable/disable alerts for projected patterns.
  • Show Screen Alerts? - show/hide screen alerts.
  • Email Alerts? - set to true to email alerts.
  • Push Alert Notifications? - set to true to push alerts.
  • Color Palette - choose a color palette for a 'Dark' or 'Light' background.
  • colo(u)rs - you know what to do.
  • Zigzag parameters - set ZigZag parameters.
The Potential Reversal Zone (PRZ) is split in a Risk and Reward part. The Reward part of the PRZ is the price of the D point of the pattern to the 0.382 Fibonacci retracement from the C or A point (whichever is higher or lower).


User Patterns

Users can add their own patterns to Monster. Just modify the Monster_UserPatterns.csv to include your patterns. The.csv file can be found in the files folder of the User Data Directory. A sample pattern is already included in the file.


Free Demo

Monster will work in the Strategy Tester. It is best tested in Visual Mode as you can see the detected patterns in the display. Try EURUSD on H1 starting January 1, 2017.


Developers

Monster publishes the current pattern through the iCustom() function. See the sample code at the comment #273 (page 14) of the Comments section.


Loose Ends

Monster will only repaint the last point of the pattern (the D point) to its definition, it follows price.


Full Description

Read this blog post for more information on Monster.

İncelemeler 33
Doyrun
46
Doyrun 2021.02.01 16:13 
 

Very helpful for backtesting!

alexuka
50
alexuka 2020.04.27 18:11 
 

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

serogen
25
serogen 2018.09.20 12:55 
 

just the best for harmonic patterns! (y)

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Daniel Stein
4.67 (6)
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Noha Mohamed Fathy Younes Badr
5 (8)
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Marzena Maria Szmit
5 (3)
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Bu gösterge paneli, seçilen semboller için mevcut en son harmonik kalıpları gösterir, böylece zamandan tasarruf edersiniz ve daha verimli olursunuz / MT5 sürümü . Ücretsiz Gösterge: Basic Harmonic Pattern Gösterge sütunları Symbol : seçilen semboller görünecektir Trend: yükseliş veya düşüş Pattern : desen türü (gartley, kelebek, yarasa, yengeç, köpekbalığı, cypher veya ABCD) Entry : giriş fiyatı SL: zararı durdur fiyatı TP1: 1. kar alma fiyatı TP2: 2. kar alma fiyatı TP3: 3. kar alma fiya
Currently Price 20% OFF ( for unlimited use )   BONUS  AUX VIP Club 2024 : Include  EA Airbag  and  Load Data History  to enhance the performance of this tool to its maximum potential  Click Here to Download Files   ( for users only )   Hello World! Introducing.. SMCpro VIP tool and Indicator for MetaTrader 4, designed to revolutionize your trading experience with the ICT Smart Money Concept. This system is meticulously crafted to empower traders with advanced insights and precision in
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Bogdan Ion Puscasu
4.33 (6)
Tanıtımı       Quantum Heiken Ashi PRO   çizelgeleri Pazar eğilimleri hakkında net bilgiler sağlamak için tasarlanan Heiken Ashi mumları, gürültüyü filtreleme ve yanlış sinyalleri ortadan kaldırma yetenekleriyle ünlüdür. Kafa karıştırıcı fiyat dalgalanmalarına veda edin ve daha sorunsuz, daha güvenilir bir grafik sunumuna merhaba deyin. Quantum Heiken Ashi PRO'yu gerçekten benzersiz kılan şey, geleneksel şamdan verilerini okunması kolay renkli çubuklara dönüştüren yenilikçi formülüdür. Kırmızı v
Öncelikle, bu Trading Sisteminin Non-Repainting, Non-Redrawing ve Non-Lagging Gösterge olduğunu vurgulamak önemlidir, bu da profesyonel ticaret için ideal hale getirir. Çevrimiçi kurs, kullanıcı kılavuzu ve demo. "Smart Support and Resistance Trading System", yeni ve deneyimli tüccarlar için özel olarak tasarlanmış gelişmiş bir göstergedir. Forex piyasasında tüccarları hassasiyet ve güvenle donatır. Bu kapsamlı sistem, 7'den fazla strateji, 10 gösterge ve günlük ticaret stratejisi, swing ticare
The LineMagnit Indicator for MT4 is a highly precise tool that builds support and resistance levels which magnetically attract prices. This feature allows traders to easily determine the most probable entry and exit points in the market, as well as identify the market's directional forces, as levels are based on capital inflows into the instrument. Equipped with an intuitively understandable graphical interface, the LineMagnit Indicator enables users to quickly locate and analyze support and res
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Robert Gerald Wood
3 (2)
If you've not already learnt about The Strat trading strategy , go google it now. I promise it won't be a waste of your time, and you will likely learn some new tricks whether you use it or not. OK, so now you know what TheStrat is, you will be able to understand what this indicator can do for you. Key Features In short, the Indicator will: Show Timeframe Continuity for all supported timeframes Supports two timeset views, Day trader and Swing trader Show when Full Timeframe Continuity is in pl
Reincarnations
Maryna Shulzhenko
The Reincarnations trend indicator is used to determine the strength and direction of a trend and to find price reversal points. This tool scans the market looking for the correct entry. You can see and evaluate it yourself, perhaps it will suit you for a number of tasks related to forecasting price movements. It uses only price data and analytics to calculate entry points. Does not use auxiliary indicators. It has two parameters for customization. Indicator setting. Interval - price analysis
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PZ TRADING SLU
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5 (3)
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Paul Geirnaerdt
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Paul Geirnaerdt
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Paul Geirnaerdt
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MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for th
NEWS Price v4 now $799 for a limited period. Fusion Trader v4  is a  Multi Symbol ,  Auto Timeframe ,  Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v4  is a partial rewrite from v3, it trades differently and more symbols. The Scalping system now uses market orders instead of stop orders. It is 100% Metatrader 5 compatible. Fusion Trader v4 is a multi symbol EA, For now, it will tra
Filtrele:
Suat Emre
1875
Suat Emre 2022.02.18 19:27 
 

good product

Doyrun
46
Doyrun 2021.02.01 16:13 
 

Very helpful for backtesting!

faithdefender
1736
faithdefender 2021.01.14 21:21 
 

If you have read my reviews, I am consistent with my evaluations. Quality and price! Does the indicator work and is the price commensurate with the quality? This harmonic indicator does, in deed, work. Does it find everything? No. But I own four others and this, for the price and the quality, is one of the better ones that I own. And it permits you to add your own "user defined patterns" which the vendor helped me out with. I will use it for a couple of months and if I make money, I will return with another star. I would like to see Paul address the recommendations above from OFFSHOREX7. 2-12-21 update; I have been unsatisfied with the system I put together. This system has caused me to lose money. I purchased both the Monster Dash and the Monster Harmonic. It appears, after a couple of months of use, the scanner cannot be trusted since it repaints the D point continuously. I think the price is ok for the Monster (if you pay the sale price) but again, it was done as a system and since the two do not work in harmony there is no use in depending upon using the pattern if the scanner is not accurate. The Monster does create patterns. The vendor has not reached out. UPDATE. 8-17-21. No response from the Vendor. Downgrade 1 star. Update 7-23-23. Never heard from the Vendor. Hope that lets others know he is not concerned.

lns777
177
lns777 2020.12.25 01:33 
 

This indicator has good accuracy, but needs to be combined with an effective strategy and discipline to make it profitable.

Nicolas Dobrovsky
814
Nicolas Dobrovsky 2020.11.23 08:41 
 

I test this indicator along with divergence. Unfortunately, I have only a 50% success rate.

alexuka
50
alexuka 2020.04.27 18:11 
 

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

Nicola Furini
945
Nicola Furini 2019.05.12 18:20 
 

Kullanıcı incelemeye herhangi bir yorum bırakmadı

palmesop
49
palmesop 2019.03.06 21:24 
 

Kullanıcı incelemeye herhangi bir yorum bırakmadı

ksanaga
354
ksanaga 2018.10.02 01:31 
 

I just purchased this indicator but I am having difficulty installing it on the MT4. When I click on the link "Install on the terminal" in MQL5.com, nothing happens. I verified that the one month subscription (Rented until November 1st)" is available. Can someone share the link to this indicator so I can install the old fashion way? (zip file or download button)?

------------------------------

Thanks for enabling this software in my first MT4. I would like to add it to a second MT4 and would like to ask for your help again. As before, click on "Install on the terminal" does not work unless you push down to my terminal session (next to trading).

serogen
25
serogen 2018.09.20 12:55 
 

just the best for harmonic patterns! (y)

sunflower007
103
sunflower007 2018.08.26 14:07 
 

Is the ratio of balance to stop loss 1:1.5?

Is the software setting the most conservative percentage?

offshorex7
201
offshorex7 2018.08.19 01:19 
 

best pattern indicator. and it will be the greatest if only we can see a pourcentage ratio board of validated pattern/failed pattern on the chart to let the user choose the best setting and the best timeframe... maybe on weekly chart pattern are 100% validated but we cannot know because there is no past history for failed pattern... so it will be a great helps if!!. And also add the "completion max price" level of each pattern on the chart it will help for "the stop loss set up" :) thanks for you patience sir Paul :) i hope we will see these two revolution on the next update!!! you the man! 5 stars here!

Peterson Ndugga
264
Peterson Ndugga 2017.10.13 03:29 
 

Software is a scam/gabbage.

Cristian Eriksson
8165
Cristian Eriksson 2017.09.05 18:08 
 

After all the updates removing the clutter, I can finally say that this is an excellent product. But beginners don't get your hopes too high, you'll stil need to lern to trade these formations manually to make full use of this indicator. But lerning theses things manually and where to find them is an amazing skill that you'll never regret.

Remco De Lil
28
Remco De Lil 2017.08.23 20:26 
 

Kullanıcı incelemeye herhangi bir yorum bırakmadı

RHarmonic
52
RHarmonic 2017.08.04 20:32 
 

Great!

ibdejesus
196
ibdejesus 2017.07.21 11:36 
 

Great indicator for finding patterns! A word of caution though that seeing a pattern doesn't mean you should trade it.

CM Financial Trading Holdings Ltd
182
Daniel Sesay 2017.07.01 15:57 
 

Pretty good so far. Harmonics is what it is, this just takes the load of plotting on each chart. The theory stands up relative,not a holy grail there is lots of stuff out there, no matter what anyone does people will lose money as emotions take over. I am pleased with this, great coding!

Jose Saul Martinez
229
Jose Saul Martinez 2017.06.27 20:05 
 

I have download it I rent it for 1 month first day of work is doing what it says on description...

I will write a second review before the end of my rent period.

Thanks...

zufferey
241
zufferey 2017.06.12 10:52 
 

Great indicator! Thanks a lot! five stars!

12
İncelemeye yanıt
Sürüm 3.3 2018.07.24
* Optimized code to correct use on templates
* Removed Control Panel
* Added Alt Bat, Deep Crab, 3 Drives & 5-0 patterns
* Alerts for projected patterns
* Setting to detect only current patterns
* Alerts for patterns that change into other patterns
Sürüm 3.2 2017.08.10
* Minor code optimalization
* Delete obsolete Monster objects on initialization
* Added user setting to show or hide ratio lines and labels
Sürüm 3.1 2017.04.14
* Ghost patterns now (finally) resolved
* Monster will show invalidated patterns on forward backtesting or use.
* User patterns can be easily recognized by the '*' added to the name.
Sürüm 3.0 2016.10.18
* Ghost patterns issue resolved
* Pattern and accuracy label optimized
* User patterns from .csv file
* iCustom buffers introduced
Sürüm 2.700 2015.10.26
* Dragon pattern
* Issue with repainting patterns resolved
* New user setting 'Maximum Number of Bars to Look Back?', default 2000
Sürüm 2.600 2015.09.16
Monster Harmonics v.2.6
* Issue with overlapping triangles resolved
* Minor bug in Cypher PRZ resolved
* Optimized function Period() to PeriodSeconds()
* Improved object naming
Sürüm 2.500 2015.08.10
New patterns:
- Black Swan
- White Swan
- Shark
- AB=CD
Sürüm 2.400 2015.06.05
Strategy Tester compliance.
Sürüm 2.300 2015.03.24
- Added control panel
- Optimized accuracy
Sürüm 2.200 2014.12.12
- Fixed issue with updating on smaller timeframes.
Sürüm 2.100 2014.12.02
- Alerts; Screen, Email & Push.
- Color Palettes: Pick 'Dark' or 'Light' background.
Sürüm 2.0 2014.10.31
This is a major upgrade.

* Monster now shows current as well as past patterns
* Optimized code
* Advanced caching
* Improved performance
Sürüm 1.1 2014.10.21
* Optimized code
* Added color parameter for pattern label
* Changed PRZ ratio label position
* Added label when no patterns are found