The main technical indicator for harmonic trading is the Fibonacci retracement tool. It is used to verify every wave within the pattern, as well as highlight potential profit targets once the pattern has completed.
People also ask
What is the most accurate harmonic pattern indicator?
Top 7 harmonic patterns
The ABCD pattern.
The BAT pattern.
The Gartley pattern.
The butterfly pattern.
The crab pattern.
The deep crab pattern.
The shark pattern.
What is the most effective harmonic pattern?
Scott Carney has stated that he believes the crab pattern is the most reliable of all the harmonics. Like the bat pattern, the crab is essentially similar to a Gartley but with different ratios involved – and again indicates that the original XA move will resume at D, a PRZ.
How accurate is harmonic pattern trading?
Harmonic trading can be seen as high-probability trading. Harmonic patterns are more reliable in M30 and higher timeframes. The general win/loss ratio of harmonic trading strategies is above 70%.
Are harmonic patterns profitable?
Harmonic indicators are extremely reliable and produce highly probable profit settings for the trader. Since they are based on the Fibonacci ratios, trading rules are highly standardised. Other indicators, such as RSI and MACD, can be used in conjunction with these to yield better results.
█ OVERVIEW This indicator automatically detects and draws bearish Cassiopeia C harmonic patterns and price projections derived from the ranges that constitute ...
Duration: 8:50
Posted: Nov 16, 2022
Posted: Nov 16, 2022
Oct 19, 2023 · Hi guys,what is the best paid or free harmonic prediction indicator?
I will guide you through understanding what an indicator is and how to effectively utilize it. Harmonic patterns make up a major part of the many patterns ...
Best Harmonics Indicator For TradingView · 1. Market Scripters – Geometrics Scanner · 2. NXT2017 – Multiple · 3. RicardoSantos – Pattern Recognition v2.
Duration: 8:29
Posted: Nov 24, 2022
Posted: Nov 24, 2022
FREE 14-Day Trial Official Harmonic Pattern Software! Designed by the creator of harmonic patterns, Scott Carney now offers the most advanced software that ...
We build TradingView scanners and indicators to help you quickly and easily identify harmonic patterns on your charts. And we publish trading ideas based on ...
Duration: 18:33
Posted: Oct 14, 2022
Posted: Oct 14, 2022