Harmonic Trading

Yes newdigital is right about HWAFM Expert tool. The best free tool available for MT5.

Originally Posted by matfx

Bearish Butterfly has formed on daily and H4 chart of AUDNZD. The bearish move still be happen next week.

Attachment 7652

Attachment 7653

Hi matfx thanks for sharing this, but I have one question why pattern doesnt have color like yours???

and how to read that parameter with that arrow?

Hi himsly,

To show color on pattern set VisibleLineOrTriangle to false.



The big text size on right show pattern ratio connected between 2 legs. It is in this following order :

Name Pattern/XD/XB/AC/BD

Originally Posted by matfx

Hi himsly,

To show color on pattern set VisibleLineOrTriangle to false.



The big text size on right show pattern ratio connected between 2 legs. It is in this following order :

Name Pattern/XD/XB/AC/BD

Thank you very much, I really appreciated your answer

one question again, I open position Buy on that price, because there was a red rectangle before right on below that candle, but candle still go down. what's wrong???

thank you for your answer.

Originally Posted by himsly

one question again, I open position Buy on that price, because there was a red rectangle before right on below that candle, but candle still go down. what's wrong???

thank you for your answer.

You can use some oscillator to filter the PRZ.

Originally Posted by matfx

You can use some oscillator to filter the PRZ.

What oscillator that you recommend to me and What is the best way to determinate PRZ? Thank you

Originally Posted by matfx

You can use some oscillator to filter the PRZ.

Is there any confirmation technique about PRZ matfx when to buy or when to sell on the right time?

Originally Posted by himsly

Is there any confirmation technique about PRZ matfx when to buy or when to sell on the right time?

It has been discussed years among harmonics pattern traders about this PRZ confirmation buy sell. Unfortunately no concrete answer. Some may work, some are not. What i know of among indicators/technique used, RSI, Stochastic, Cycle indicator, fibo time zone, market cycle, trendlines, support & resistance, and also congestion break-out, volatility.

You may check out our trading tools section. Igorad created/share many great indicators.