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MQL Harmonic Indicator

mql harmonic indicator
Summary

The MQL Harmonic indicator scans the chart for current Harmonic patterns based on Fibonacci ratios. The indicator is easy to use since it doesn't have a large complicated list of adjustable settings. Unlike other Harmonic indicators, it scans using combinations of ZigZag settings instead of just a single set of settings. It will keep considering combinations of settings and scanning for harmonic patterns until it finds one. It scans for the Gartley, Bat, Alt Bat, Butterfly, Crab, Deep Crab, Cypher, Shark, Five Zero, ABCD, ABCD Ext, and Three Drives patterns. The indicator works on any standard MT4 chart and it works on any broker's MT4 platform.




Benefits
  • The indicator considers many combinations of settings until it finds a pattern.
  • It doesn't have a large list of complicated settings.
  • It is easy to use and understand.
  • Based on Fibonacci ratios which are proven to work and very effective.



Inputs
  • Min. Depth
    This is related to the 'Depth' input in the ZigZag indicator. This sets the minimum # for 'Depth' that the scanning will process.
  • Max. Depth
    This is related to the 'Depth' input in the ZigZag indicator. This sets the maximum # for 'Depth' that the scanning will process.
  • Min. Deviation
    This is related to the 'Deviation' input in the ZigZag indicator. This sets the minimum # for 'Deviation' that the scanning will process.
  • Max. Deviation
    This is related to the 'Deviation' input in the ZigZag indicator. This sets the maximum # for 'Deviation' that the scanning will process.
  • Min. Backstep
    This is related to the 'Backstep' input in the ZigZag indicator. This sets the minimum # for 'Backstep' that the scanning will process.
  • Max. Backstep
    This is related to the 'Backstep' input in the ZigZag indicator. This sets the maximum # for 'Backstep' that the scanning will process.
  • Deviation %
    This controls the allowed deviation from the defined pattern that a recognized pattern can be. The higher the number, the more deviation is allowed and the indicator will be less strict when recognizing patterns. Therefore, it would be more likely that a pattern will be found, but the pattern will be less accurate compared to the actual pattern definition.
  • Draw Old Patterns?
    If true, the indicator will draw old patterns on the chart using the chosen ZigZag settings that were used for the most current pattern.
  • History Candles
    This controls how many candles back to draw the old patterns.



Notes

  • The remaining inputs not mentioned above are self-explanatory inputs and do not need separate explanations. For example, there are simple inputs for enabling/disabling certain patterns and setting their colors.
  • Updates will be made based on customer feedback. Feel free to comment or send recommendations.
  • This indicator will work on any standard MT4 broker and chart.



Example




Purchase
  • The current version is v1.51. Updates will be made based on customer feedback.
  • If you would like to pay with another method other than Paypal, just let us know. We accept many forms of payment
  • Payment is a one-time fee. You pay once and you are done.
  • All orders are processed manually. Expect delivery within 12 hours after payment is received.
  • Your purchase entitles you to free support and updates in the future. It is the responsibility of the customer to check back for updates. We do not do this for you. If you are a customer and want an updated version, simply send us an email and we would be happy to send you the update free.
  • Your purchase entitles you to use this indicator with no expiration date.
  • Your purchase entitles you to use this indicator on 5 different account numbers total. The broker, server, and type of account does not matter. If you use more than 5 account numbers, you will need to purchase again.
  • After payment, email us your account number(s) that you want this indicator to work on. You do not need to use all 5 account numbers at once. You can wait to use the remaining account numbers at a later time.
  • There are no refunds. Ask any questions and see examples before paying. Once payment is received, it is final.



Price: $75


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