Harmonic Patterns is an indicator which displays up to 7 types of patterns (ABCD, bat, butterfly, gartley, shark, crab and deep crab) detected on higher timeframe charts (H1-D1). Each pattern might be turned on/off on the panel on the chart and all visual elements might be changed in the indicator settings. The user can set (in the settings of the indicator) initial activation of pattern detection, colors for displayed patterns and visible text, type of alerts (Pop-up window, email) send by the indicator and maximum number of bars in which patterns are detected. The location of the panel on the chart can be set in the parameters. Indicator is working only on H1, H4 and Daily chart. The MT5 version is available at Fxmerge.
as in my previous response, there are thousands of indicators and scanners out there. Most of those are of inferior quality. You need to evaluate this Harmonic Patterns Indicator. Then publish the result in this thread. If the result is horrific, then please advise members not to use it. Are you getting a commission from FXmerge?
I don't publish results, because it is not EA, robot or other strategy, just tools that help with trading. No, fxmerge doesn't offer affiliate programs, just they share free tools with traders.
Learning about harmonic patterns can be beneficial for traders. Harmonic patterns are formations that can provide insights into potential price reversals and trend continuations. Maybe these guides will help: https://insights.primecodex.com/butterfly-harmonic-pattern https://insights.primecodex.com/gartley-harmonic-pattern https://insights.primecodex.com/bat-harmonic-pattern https://insights.primecodex.com/abcd-patternhttps://insights.primecodex.com/cypher-harmonic-pattern