• New-Harmonic Pattern MT4 Tool: 
• Supported Pairs: Any
• Trading Time: Any
• Time-Frame: 5 Minutes & Above
• Recommended Broker: Robo-Forex Platform
• How to Apply? Harmonic Patterns Scanner is an indicator used for detection of harmonic patterns using calculations based on Fibonacci ratios. Harmonic Scanner is a multi-currency and a multi-time frame indicator – on the same chart it displays detected harmonic patterns for all symbols and time frames simultaneously. The main purpose of the tool is to correctly identify harmonic patterns to improve the accuracy of price movements’ prediction and trades’ entries.

Harmonic Scanner is an informative dashboard that displays the results of a technical analysis of all trading instruments available in your MT4 terminal on all time frames, which allows the trader to instantly assess market conditions and to not miss the opportunity to open a profitable trade and to be able to earn significantly more profit.

Effective developed scanner algorithm ensures high accuracy of pattern identification, speed of calculations and quick response of the program to evolving market conditions.

The dashboard contains:

• symbol
• timeframe
• name of the pattern that has been identified as the closest one to the current market price
• direction of a potential trade: a signal to buy (Up) or sell (Down)
• price of point D (the entry price at which the pattern is considered as formed and a trade should be executed)
• number of pips remained to point D level

Convenient scanner functionality eliminates the need to clutter up your trading terminal with dozens of charts, and then switch through them looking for trading signals.

All the necessary information about Harmonic Patterns detected on currency pairs and timeframes is presented in one window in the dashboard, using which you can switch between charts in one click.

The dashboard is not piled up with various graphical analytical tools and additional calculations displayed on the chart, which allows the trader to see only the most important information and focus on decision making.

The scanner provides notifications functionality that can be used to receive emails, mobile phone notifications and MT4 alerts upon trading signal occurrence.

Calculation Ratios

The scanner identifies the most popular among traders harmonic patterns, which are recognized as universal and can be applied to all markets and time intervals. Each pattern has bullish and bearish versions, which determines the direction of a trade (buy or sell):

• Bat
• Gartley
• Butterfly
• Crab
• Cypher
• Shark