Harmonic Patterns Scanner MT5

Overview of Harmonic Patterns Scanner MT5

• The Harmonic Patterns Scanner is a powerful tool for traders using the MetaTrader 5 platform, designed to identify significant price movements through harmonic patterns.
• This scanner applies Fibonacci levels to detect patterns like Gartley, Bat, Crab, and Butterfly, effectively predicting potential market reversals. 🦋
• It allows for scanning across multiple time frames and trading instruments including Forex, cryptocurrencies, indices, and commodities with just a click of a button.

Main Features

• Detection of various harmonic patterns: Gartley, Bat, Crab, Butterfly, Cypher, Shark, among others.
• Built-in notification system for alerts on stop-loss, entry points, and take-profit levels, making it user-friendly and efficient.
• Potential Reversal Zone (PRZ) and Potential Continuation Zone (PCZ) detection, which assists in making informed trading decisions.
• Ability to visualize the ABCD projection on the price chart, adding clarity to traders’ analysis.
• No repainting or lagging, ensuring reliable and real-time detection of patterns at critical market points. 📈

How to Use

• Simply drag and drop the indicator onto your MT5 chart to start using it.
• Set pattern detection options to TRUE for patterns you wish to focus on, such as ABCD and Gartley.
• Adjust the deviation settings to modify the sensitivity of pattern recognition; a higher deviation will yield more patterns detected.
• Customize visual aspects like colors for better visibility of patterns on your charts.
• Toggle alerts for ENTRY POINT, TP, and SL as per your trading preferences, keeping you notified in real-time.

Future Updates and Development

• The development roadmap for the scanner includes adding more patterns such as Butterfly, Bat, and Crab in future versions.
• There are plans for a comprehensive dashboard for better pattern monitoring across all pairs and timeframes.
• Ongoing enhancements like improved notification systems and pattern detection algorithms aim to enhance user experience and trading efficacy.

User Ratings and Feedback

• The scanner has received strong user ratings, with an average score of 4.72, indicating high satisfaction among users.
• Users appreciate its ease of use and its accuracy in detecting harmonic patterns effectively and timely. ⚡
• Engagement with the community through groups for sharing experiences and tips provides an added value to users.