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Thread: Different Confirmation Techniques for Harmonic Patterns

  1. #11
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    How do I get this Indicator
    Could you share it ...
    Different Confirmation Techniques for Harmonic Patterns-cycles.jpg

    Tanks

  2. #12
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    on this video tutorial, You can see, how to combine different Fibonacci Measurements with trading harmonic patterns. Fibonacci Retracement Levels create a fibo-cluster, which is high-probabilty turning point on the market:


  3. #13
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    Another great way to confirm your entry, this time the band indicator. Right below the video you will find the indicator that we used in this video, but beare in mind that this video presents the concept, so you can use any other band indi for this.



    Indicator from the video: TMA+CG.mq4
    Last edited by ziemo; 11-27-2011 at 09:00 PM.

  4. #14
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    In this video You can see, how to take advantage on gaps and wide range bars. It's a very good confirmation for Your entry at D point when You spot it.


  5. #15
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    I see that you're developing a powerful algorithm based on powerful indicators, nice work

  6. #16
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    Quote Originally Posted by Admin View Post
    Candle Volume Analysis

    Volume is an important aspect in Technical Analysis as it can be used to confirm price patterns / harmonic patterns.


    Attachment 7
    Hi,
    This picture shows RSI (4) divergence and falling downward volume, indicating a lack of interest by the Smart Money. Price goes up.Different Confirmation Techniques for Harmonic Patterns-eurusd-m5-rsi-divergence-plus-falling-volume.jpg

    Cheers,


    Mike

  7. #17
    50d
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    these methods are good for comfirmation... but one that seems to work 90% of the times is divergence+ reversal candle.
    great job ziemo and kor.

  8. #18
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    ok, let's have a look..

    you can see 2 pictures about same pair but in 2 different TimeFrame: H1, M15.. bollinger seems work well in association with our harmonic patterns (in this case korharmonics). I'm curious to try RSI too in the same chart.

    The graphs you see are probably too complex, because I added lines (Moving avarage) as filters. What do you think?
    Attached Thumbnails Attached Thumbnails Different Confirmation Techniques for Harmonic Patterns-schermata-2011-12-08-11.25.46.jpg   Different Confirmation Techniques for Harmonic Patterns-schermata-2011-12-08-11.25.22.jpg  

  9. #19
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    and... here we go.. not bad, vertical red lines are indications of reversing areas: the MA crosses place & harmonic reverse place & bollinger reverse place..
    Attached Thumbnails Attached Thumbnails Different Confirmation Techniques for Harmonic Patterns-schermata-2011-12-08-11.40.37.jpg  

  10. #20
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    look at the first red vertical line (starting from the right).. Time frame H1, there is a 121 pattern (bearish) on upper bollinger band level, confirmed by the RSI cross.. not bad
    Attached Thumbnails Attached Thumbnails Different Confirmation Techniques for Harmonic Patterns-schermata-2011-12-08-11.53.24.jpg  

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