What are Harmonic Patterns and how can they work for me?
Harmonic Pattern trading is based on a geometrical approach using a myriad of Fibonacci extensions, retracements and overlaps. It is important to sport Harmonic patterns before they complete as the resulting trade after completion is high probability. The difficult issue for most traders is the knowledge and the technical skills to achieve this. Also, by the time they have made all the calculations and drawings on the chart, it could be too late.
The Auto Harmonic Pattern Recognition software for Tradingview is designed to do all the technical stuff for traders by identifying Harmonic Patterns before they complete and labelling them. Then it prints where the pattern should complete for the highest probability resulting trade.
Auto harmonic patterns
Indicator For TradingView
The Auto Harmonic Pattern recognition software is designed to take the heavy lifting out of a traders Harmonic trading strategy. The Software automatically Identifies and Projects Harmonic Pattern Completion Zones for the 6 most trade-able Harmonic Patterns. If the Pattern Completes in the projected zone, then there is a high probability of the resulting trade being successful. Please view the chart images on the left to help visualize how simple we have made Harmonic Pattern Trading for both Long and Short trades.
The 2021 Game Changer For TradingView
NOTE: FOR AUTO HARMONIC TRADINGVIEW USERS
There is a limit of around 50 drawings (depending on server activity) per study in TradingView. This includes all labels and the lines used to draw the patterns themselves. To mitigate this there are options to enable/disable all of the drawings in the study to get more mileage (if we want to try and see the patterns drawn for bars much further back).