The Harmonacci Patterns indicator is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels.
It detects 19 different harmonic price formations
It plots primary, derived and complementary fibonacci projections
It evaluates past price action and displays every past pattern
The indicator analyzes its own quality and performance
It includes a multi-symbol and multi-timeframe scanner
It displays suitable stop-loss and take-profit levels
It uses breakouts to signal suitable trades
It plots all the pattern ratios on the chart
It implements email/sound/visual alerts
Inspired by Mr. Scott M. Carney's book -Harmonic Trading Vol. 1-, this indicator has been designed to fulfill the needs of the most purist and exigent traders. However, it implements a twist to make it easier to trade: it waits for a donchian breakout in the right direction before signaling the trade, making its signals very reliable.
Fibonacci projections are vector-independent
It implements email/sound/push alerts
It plots the ABCD projection
Usage Tips
The amplitude parameter controls the pattern size in bars
Load the scanner indicator once to monitor many symbols and timeframes
Patterns can expand but signal breakouts mostly do not: wait for signals
Avoid trading if higher timeframes display a strong trend against your trade
Use the suitable SL and TP levels displayed by the indicator
Technical Information
The indicator evaluates at bar closing only
Patterns are displayed as soon as the XD and CD ratios are valid
Patterns can expand, repaint and become other patterns, with different names
Breakouts are mostly non repainting and enough to reverse the market movement
Set a higher breakout period to decrease the odds of the indicator repainting
Stop-loss and take-profit levels are calculated using fibo ratios
The scanner loads blank, it never scans patterns to the past
The scanner opens charts using your default chart template
Important: Some pattern names have been renamed to self-explanatory alternatives to comply with a trademark complaint from Mr. Scott M. Carney, who owns the following trademarks in the USA: Harmonics, Harmonic Trading, Bat Pattern, Butterfly Pattern, Shark Pattern, Crab Pattern and Five-O Pattern.
Supported Harmonic Price Formations
Name Min XB Max XB Min AC Max AC Min DB Max BD Min XD Max XD
Flying Fox 0.382 0.5 0.382 0.886 1.618 2.618 0.886 0.886
Gartley 0.618 0.618 0.382 0.886 1.272 1.618 0.786 0.786
Lobster 0.382 0.618 0.382 0.886 2.24 3.618 1.618 1.618
Dragonfly 0.718 0.718 0.382 0.886 1.618 2.618 1.272 1.618
Cypher 0.382 0.618 1.13 1.414 1.272 2.0 0.786 0.786
Barracuda - - 1.13 1.618 1.618 2.24 0.886 1.13
Alt Flying Fox 0.382 0.382 0.382 0.886 2.0 3.618 1.13 1.13
Deep Lobster 0.886 0.886 0.382 0.886 2.618 3.618 1.618 1.618
White Swan 1.382 2.618 0.236 0.5 1.128 2.0 1.126 2.618
Black Swan 0.382 0.724 2.0 4.237 0.5 0.886 0.382 0.886
Max Bat 0.382 0.618 0.382 0.886 1.272 2.618 0.886 0.886
Max Gartley 0.382 0.618 0.382 0.886 1.128 2.236 0.618 0.786
Max Dragonfly 0.618 0.886 0.382 0.886 1.272 2.618 1.272 1.618
Alt Barracuda 0.446 0.618 0.618 0.886 1.618 2.618 1.128 1.128
A Lobster 0.276 0.446 1.128 2.618 1.618 2.618 0.618 0.618
A Dragonfly 0.382 0.618 1.128 2.618 1.272 1.272 0.618 0.786
A Flying Fox 0.382 0.618 1.128 2.618 2 2.618 1.128 1.128
A Gartley 0.618 0.786 1.128 2.618 1.618 1.618 1.272 1.272
Sea Pony 0.128 3.618 0.382 0.5 1.618 2.618 0.618 3.618
