Shepherd Harmonic Pattern Indicator MT4

What is Shepherd Harmonic Pattern Indicator?

The Shepherd Harmonic Pattern Indicator is a cutting-edge tool designed for traders who seek to leverage the power of harmonic patterns in their trading strategies. Harmonic patterns, known for their predictive accuracy in identifying potential market reversals, are complex configurations of price movements that follow specific Fibonacci ratios. This indicator not only automates the detection of these patterns but also enhances manual chart analysis, making it a versatile asset for both beginners and seasoned traders.

Key Features

• Automated and Manual Pattern Detection: Seamlessly identifies harmonic patterns on charts, supporting both automated scanning and manual adjustments for tailored analysis.
• Dynamic Control Panel: Offers a customizable control panel that saves settings for each chart and timeframe, optimizing your trading workspace.
• Enhanced Compatibility: Optimized for Windows 10 with High DPI settings adjustment for crystal-clear chart visuals.
• Comprehensive Educational Resource: Acts as a practical application of Scott Carney’s harmonic trading theory, encouraging traders to deepen their understanding.
• Advanced Alert System: Includes price, time alerts, and notifications for entry, stop, and target points, ensuring traders never miss an opportunity.
• Additional Tools and Settings: Features Fibonacci fans, pivots, rays, and the ability to import manually drawn patterns from other timeframes, alongside a sophisticated risk and lot size calculator.

Benefits

• Precision Trading: Increases the accuracy of trades by identifying high-probability reversal zones.
• Customization: Tailors analysis with adjustable settings, color schemes, and the ability to save and load templates.
• Educational Value: Offers a hands-on approach to learning harmonic trading principles.
• Risk Management: Integrates risk calculation tools to determine the optimal lot size for each pattern, enhancing balance protection.

How It Works

Utilizing a complex algorithm, the Shepherd Harmonic Pattern Indicator scans the market for price movements that align with harmonic patterns. Once identified, it provides visual cues on the chart, complete with Fibonacci levels, to indicate potential reversal points. Traders can customize the indicator’s settings to match their trading style, including adjusting pattern accuracy, color schemes, and alert preferences.

Why Choose Shepherd Harmonic Pattern Indicator?

• Exceptional Support: Beyond its technical capabilities, the Shepherd Harmonic Pattern Indicator comes with unparalleled customer support, ensuring traders can maximize its benefits.
• User-Friendly: Designed with both novice and expert traders in mind, it offers a balance of simplicity and depth.
• Versatility: Effective across various markets, including forex and stocks, making it a valuable tool for diversified trading strategies.

Reviews

Suleiman Alhawamdah:

“Thanks for the new update. Exceptional support and functionality.”

Trinh Tien:

“This is the best indicator I ever bought. Works well in forex and stock. The developer is very supportive. A scanner function would be a great addition.”

David Gakuya Kariuki:

“Combines market action, Harmonics, and Elliott Wave perfectly. The developer is approachable and supportive.”

Conclusion

The Shepherd Harmonic Pattern Indicator is not just a tool but a comprehensive solution for traders aiming to harness the predictive power of harmonic patterns. With its blend of automation, customization, and educational value, coupled with exceptional support, it stands out as a must-have for traders looking to elevate their trading strategy. Whether you’re a beginner or an expert, this indicator offers a unique blend of functionality and support, making it an invaluable addition to your trading arsenal.

The package includes:

+ Link download indicator: Shepherd Harmonic Pattern .ex4

More Information:

+ https://www.mql5.com/en/market/product/15212