Harmonic Indicator for NT8


Automation

The Harmonic Indicators detects automatically partials and valid harmonic patterns from your chart, in real time.

9 Patterns

ABCD, Bat, Butterfly, Crab, Cypher, Gartley, Shark, 5-0 and 3Drive.

Features

Many features are available like : Volumes, Smart toolbar, Guide Lines, PRZs , Anticipation of pattern, Audio Alert, Market Analyzer and many more to come.

Settings

Everything is configurable directly from the embedded toolbar, so you can change the parameters without reloading the chart.

Harmonic Theory


ABCDTh_dskThe Harmonic trading is a technique that uses the recognition of specific figures based on the Fibonacci ratios and applied on prices to determine the reversal points (potential reversal zone – PRZ) highly probable. As often in Chart analysis, the goal is to identify the figures, and the entry and exit of a position by the assumption that the price action in the past will happen again in the future.

One of the first references to Harmonic Trading can be found in the work of J. M. Hurst. It was developed and popularized by Scott M Carney, who  wrote several books about this subject, and few others, like for example Darren Oglesbee who discovered the Cypher pattern.

The important concept to understand is that the separate price movements of each other are actually related. In addition, the Fibonacci ratios and patterns on prices of their relationship provide a way to determine where the turning points will occur. When these points are identified correctly, trades are executed at a price level where the cycle is potentially changing.

These trades are executed “in harmony” with the market. FigPartielle_dsk_UKTransactions are executed in areas where the rhythmic nature of the market is changing. In addition, these technical measures can provide a lot of technical information about the potential direction of future price action.

This is particularly evident when the calculation of several harmonics converge in a specific price zone, defining a support or resistance. This area is known as the “potential Reversal Zone” or (PRZ).

9 Patterns and Partial Patterns

It can detect ABCD / Bat / Butterfly / Crab / Cypher / Gartley / Shark / 5-0 / 3Drive patterns.

The indicator can also show the figures before they are 100% valid (displayed in dash lines). Since the apparition of the preceding PRZ point, it is possible to know the future configuration to trade and thus to anticipate the entry point at the PRZ.

You can also disable this option to only show the valid patterns.

The PRZ is an area where prices have a high probability of recovery. According to the harmonic theory, this zone is the optimal entry point to enter the initial movement with a low risk of failure. The indicator respects the theory, but it is possible to add a degree of freedom by allowing to exceed this area without compromising the validation of the pattern.

Similarly, it is possible to define a theoretical error margin around the exact level of each anchor of the pattern.

For each pattern, you can display the Guide lines and choose to display the Volumes.

Various Features

The Harmonic Indicator comes with various features such as :

  • Partial Patterns and PRZ
  • Audio alert: An audio alert indicates if there is a partial or complete pattern detected.
  • Market Analyzer : it is possible to configure the Market Analyzer so that you can find harmonics patterns on different time frames and different instruments
  • Exposed patterns in C#: this feature is for advanced programmers who want to program their own automatic strategies, backtests or derived indicators.
  • Display options : for each figure, it is possible to view only its route, and/or its PRZ. Numeric price levels of the PRZ are displayed on the chart and can be hidden in one click directly from the toolbar

Smart Toolbar

The toolbar allows you in only one-click to display or hide different chartist patterns detected. So you can focus on one type of pattern, or trade only the last pattern found by hiding the others and get the chart lighter.

The toolbar is also retractable or can be dettached in a separate window to avoid overloading the main toolbar.

Automate your Harmonic Trading


Applied manually Harmonic trading techniques can not be used on any time frame. The reason is that this technique is enormously time-consuming in terms of analysis. It is best to use on daily, weekly and monthly charts.

If you want to trade Harmonic patterns on lower time frames, you have to master the theory and be able to identifies patterns just by looking to the chart. You must know the exact ratio for each wave and for each pattern.

Or, you can use an automated tool to find Harmonic patterns in real-time, on any time frame and instrument like the Harmonic Indicator.

Sure, automation is rigid and not always right, in a sens that someone who master harmonic trading may find other patterns even if they are not 100% conform to the theory, by adding its own feeling and by taking into account the market context.

But automation is the first process to learn how to apply something theoretical and to help you avoid hesitation. With this tool, you have on your chart, in real-time whatever the time frame, every pattern conform to the theory. Then you can perform your own analysis by taking the context into account and other personal factors to decide either to enter or not in the market.

Important notice : Product 100% digital. No physical product will be sent.

Frequently Asked Questions

I still use NinjaTrader 7. Does your indicator work on NT7 ?

Indicators are not compatible between NT7 and NT8. We do provide the indicator in both versions so you can use it on your preferred platform. However, the NT7 version has less features than the NT8 version.

Can I use the indicator on multiple PCs?

The sale is for one license, corresponding to only one PC. When you purchase the indicator, we ask you to give us your NinjaTrader MachineID. At each utilization, the indicator check your grants on NinjaTrader license server as well as on our own license server, and it will work for this MachineID only. If you are interested in a second license for your personal use, don’t hesitate to contact us to get a discount.

What is your refund policy?

As the item you are purchasing is digital goods, by downloading the item you have taken ownership of the item, and we cannot offer refunds or exchanges due to a change of mind. We strongly encourage you to test the indicator with the Trial version to be sure the product fits your needs and is compatible with hardware configuration before purchasing the Yearly or Lifetime License.

Does the Harmonic Indicator matches 100% of the theory?

The indicator is programmed to stick at best to the theory. However, this is an automated process that is not perfect, and therefore may miss some patterns, or find patterns which in practice are not really valid (eg by taking a pivot in the middle a trend).

Will you continue to give support for the NT7 version ?

As long as NinjaTrader 7 is offically supported by NinjaTrader, we will give support to our indicators working on NT7. However, all new functionalities and updates (except for bugs) will be done on the NT8 version. Considering the massive changes in NT8, we strongly encourage you to switch to this version as soon as you can

If I purchase the NT7 version now, will I have to pay to get the NT8 version?

Absolutely not. The upgrade to NT8 is 100% FREE, as long as you purchased a Lifetime License. When you are ready to use NT8, just send us an email at contact@ninja-addons.com with your name and MachineID so we send you the NT8 version.

Plans and Pricing


Trial
(Try Full Version During 14 days)
$
14

ONE-TIME payment ONLY!

100% deductible on purchase
  • No risk. Try it for 14 days
  • 9 Harmonic Patterns
  • Display Guide and Zones
  • WPF GUI toolbar
  • Market Scanner
  • Access to Member Area
  • Access to Special Gift Area
  • 65+pages Users Manual
  • 7 video tutorials
  • Include Chart Templates
  • Include Scanner Templates
  • Trial available on NT8 (and NT7 with less features)
  • 100% FREE Updates and Upgrades
  • 9 Harmonic Patterns
  • Display Guide and Zones
  • WPF GUI toolbar
  • Market Scanner
  • Access to Member Area
  • Access to Special Gift Area
  • 65+pages Users Manual
  • 7 video tutorials
  • Include Chart Templates
  • Include Scanner Templates
  • Available on NT8 (and NT7 with less features)

See what our customers are saying


The screenshots below are from real customers and taken from our previous website.

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