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Harmonic Trading

This is a discussion on Harmonic Trading within the Trading Systems forums, part of the Trading Forum category; This is the thread about patterns and pattern tools. ZUP_RSI_v48 indicator with template is on this post (the other two ...

          
   
  1. #1
    Administrator newdigital's Avatar
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    Harmonic Trading

    This is the thread about patterns and pattern tools.

    • ZUP_RSI_v48 indicator with template is on this post (the other two template files are here). This version works with Metatrader 4 build 625 and above.
    • ZUP_CCI_v48 indicator with template is on this post. This version works with Metatrader 4 build 625 and above.
    • ZUP_v133 indicator is on this post.
    • ZigZag_nen indicator is here.
    • ZUP_v115 with default settings for Andrews Pitchfork is on this post
    • ZUP_v125 with default settings for searching the patterns is on this post
    • ZUP_v135 PP3 with 37 patterns to be searched is on this post.
    • ZUP_v135 Shark Attack indicator is on this post.
    • ZUP_v135 Easy C Snorm 4 indicator is on this post
    • ZUP_v138 indicators are on this post.
    • ZUP_v139 indicators are on this post.
    • ZUP_v140 indicators are here
    • ZUP_v141 indicators are here
    • ZUP_v142 indicators are on this post to download (bug fixed version)
    • ZUP_v143 indicators are on this post.
    • ZUP_v144 indicators are on this post.
    • ZUP_v145 indicators are on this post. Template for this indicator is on this post.
    • ZUP_v146 indicators (source code) are on this post.
    • ZUP_v148 indicators are on this post. This version works with Metatrader 4 build 625 and above.
    • ZUPp148 new alert1 indicator is on this post. This version works with Metatrader 4 build 625 and above.
    • ZUP_v149 indicator is on this post. This version works with Metatrader 4 build 625 and above.
    • ZUP_v150 indicator is on this post. This version works with Metatrader 4 build 625 and above. New template for this version of ZUP is here.
    • english doc of ZUP parameters by Nen is on this post.


    -----

    QTA (Quick Time Analyser QTA for Harmonic Patterns)
    - the settings explanation - this post;
    - QTA_v4 is on this post. This indicator is using the other indicators from this post.
    - QTA_v4 main chart version is on this post.

    -----

    FAQ about ZUP indicators
    - FAQ about all ZUP indicators is on this post. This is the instruction in Russian language.
    - translation for ZUP 101 input parameters. It is a basic input of ZUP - this post.
    - the setting of ZigZag, as Nen explained in Onix forum, translated in English - this post.
    - Parameters for newer ZUP indicator translated to the English is on this post.
    Will, on111, mr.green and 7 others like this.

  2. #2
    Administrator newdigital's Avatar
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    I think - this is the latest version of ZUP indicator from Nen : ZUP_v133 indicator

    Improvements:
    • algorithm of standard zigzag was changed
    • ZigZag_new_nen6 zigzag indicator was changed to ZigZag_nen



    Harmonic Trading-eurusd-d1-alpari-nz-limited-zup-latest.png



    Harmonic Trading-eurusd-h4-alpari-nz-limited-zup-latest.png



    Harmonic Trading-xauusd-h1-alpari-nz-limited.png



    Harmonic Trading-xauusd-h4-alpari-nz-limited.png
    Attached Files Attached Files
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  3. #3
    Administrator newdigital's Avatar
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    And this is zigzag indicator recommended by Nen (and improved by him), and for now (according to Nen) - this is only one correct zigzag which may be recommended to be used for trading systems and for ZUP for example.

    Harmonic Trading-eurusd-h4-alpari-nz-limited-zigzag-nen.png
    Attached Files Attached Files
    Dormi, jackprobe and mr.green like this.

  4. #4
    Administrator newdigital's Avatar
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    Please find ZUP_v115 which we can use for Andrews Pitchfork (default settings).

    Harmonic Trading-eurusd-h1-alpari-nz-limited-andrewspitchfork.png




    And ZUP_v125 to be used for searching the patterns (by default settings of the indicator too).

    Harmonic Trading-eurusd-m5-alpari-nz-limited-dragon.png


    Harmonic Trading-usdjpy-m30-alpari-nz-limited-bullish.png
    Attached Files Attached Files
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  5. #5
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    Hi Newdigital,

    Thank you for opening this thread and posting the ZUP indicators and several great images.

    I would like to use ZUP indicator but I have not found a description about the meaning of the comments, lines and figures, etc. on the chart. So, I have many questions about the practical usage, a part of them are written below. Attached is an image to illustrate my questions

    Harmonic Trading-eyivoqc.png

    The questions:

    What do the comments in the upper left corner of the indicator mean?

    The upper row
    “MN V 122 0.753 | W1 -|- 156 0.589 | D1 /\ 105 0.873 | “ etc. and for the current time frame "H4 4.62% | 11 / 89 / 5 / 3 / APs-3"
    I guess the meaning:
    Monthly time frame is in downtrend but what is the meaning of 122 and 0.753?
    Weekly time frame is sideways but what are the figures?
    Etc.
    And for the current time frame:
    What is 4.62% for? What does that "11 / 89 / 5 / 3 / APs-3" mean?

    The second row:
    “It is found 8 patterns” – I guess there are 8 different ABCD patterns recognized on the current time frame. Anyway, what are the state of these patterns? Are they open, I mean are they prospective patterns for future trading, or some of them are finished?

    “For pattern N1 – “ Is it pattern Nr.1?
    “Bearish AB=CD [1.128*0.886] “ - This is unambiguous.
    “(AB) = 438 C=108” - I think the AB leg is 438 and the BC leg is 108. OK. What are the measurement units? As far as I can measure using the cross hair tool in MT4, these figures do not mean the pip distance nor the number of bars.

    Then we can go further to the popup windows and lines.
    The popup hint on the image tells the same coordinates for the Green line. I assume this Green line is the AB leg. Am I right?
    In the popup window, what does "1_11Triangle3" mean?

    Regards,

    Chrisstoff

  6. #6
    Administrator newdigital's Avatar
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    Hi Chrisstoff,

    As you know - I am not professional with patterns and with ZUP so I have no idea what is written on the top left corder of the chart. I understand about patterns (prospective to trade, or finished) just looking on the chart/price.

    I went to onix forum now and asked Poruchik (he is friend of Nen and he is admin of onix forum) to explain it. I hope he is having the time to make few posts on this thread for us.

  7. #7
    Administrator newdigital's Avatar
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    Just for example - how I understand it : this pattern is prospective (forming/developing/unfinished) - bullish as it is written on the chart by ZUP

    Harmonic Trading-usdjpy-m30-alpari-nz-limited-bullish.png


    It is true because I made this image on Friday, USDJPY price on this image was 96.29 and for (on Moday) it is around 96.70

  8. #8
    Administrator newdigital's Avatar
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    And I just attached ZUP_v125 to same pair (USDJPY) and I see the other developing (prospective/forming) pattern but for bearish/downtrend. As I understand - this downtrend was not started yet :

    Harmonic Trading-usdjpy-m30-alpari-nz-limited-bearish-continuation.png

  9. #9
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    Quote Originally Posted by newdigital View Post
    Hi Chrisstoff,

    As you know - I am not professional with patterns and with ZUP so I have no idea what is written on the top left corder of the chart. I understand about patterns (prospective to trade, or finished) just looking on the chart/price.

    I went to onix forum now and asked Poruchik (he is friend of Nen and he is admin of onix forum) to explain it. I hope he is having the time to make few posts on this thread for us.
    Hi Newdigital,

    Thank you for your help. Yes, as far as I can assume, Poruchik knows everything about the settings and usage of ZUP indicators, so he is probably the best expert to answer any questions that can emerge concerning ZUP. Unfortunately, I do not speak Russian and therefore I cannot take part in Onix forum's work...
    Thanks again,

    Chrisstoff

  10. #10
    Administrator newdigital's Avatar
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    The Gartley Pattern :

    The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements! It was not until "The Harmonic Trader" was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg. Read more about the pattern at this link: The Great Gartley Controversy.


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