This week featured product is an harmonic patterns indicator that we have been impressed with!

We have been lucky enough to test a trial version of this indicator provided by automatictrading.it

For a week we were able to check the different harmonic patterns that the indicator can find on the price charts.

The Euhythmic patterns indicator utilizes the recognition of specific structures that possess distinct and consecutive Fibonacci ratio alignments that quantify and validate harmonic patterns. These patterns calculate the Fibonacci aspects of these price structures to identify highly probable reversal points in the financial markets. This methodology assumes that harmonic patterns or cycles, like many patterns and cycles in life, continually repeat. The key is to identify these patterns and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. (source: Wikipedia)

A large number of patterns were discovered on all types of instruments and on all timeframes that we could test.

The harmonic patterns indicator allows you to filter which patterns to look for and display on the chart, and also includes a set of parameters that allow you to filter the accuracy thresholds according to the Fibonacci retracement rules that determine the patterns. This makes it possible to vary this threshold to check whether patterns lower than a quality threshold of 90% could have been found, sometimes even below this threshold, the indications remain relevant.

We are not specialists in this type of trading, but we are convinced that the quality of this product will delight the aficionados of harmonic patterns!

The author also tells us that the indicator is accompanied by a screener issued free for any purchase, allowing you to scan in real time all groups of instruments that you want, to don’t miss any trading opportunity!

We thank and congratulate the author for the quality of this product.

Read more and ask questions to the author on the product page:

Eurhythmic Patterns: Harmonic trading with market patterns detection