[ariel]

Can anybody recommend me a good pattern recognition software for MetaTrader or Ninja Trader 7, I’m tried the AutoChartist software, but I having issues with it and well I found it difficult to use. I just want recognition software that can identify me patterns on different charts and then I decide which one trade.
I harmonic patterns trader, but I also look up for thinks like double top/bottoms.
Thanks.

[UrmaBlume]

When one component of the harmonic does the exact opposite of the other component and does it in the same amount then you have a balanced harmonic. In this case it is a balanced harmonic of order flow or the balance of trade.

You will note that when selling is increasing, the red line moving up, that buying is decreasing, blue line moving down, by the same amount = a balanced true harmonic - one component is a harmonic of the other.

My small group endeavors to explore what we call the physics of market information. The harmonic of trade flow we have shown is designed as a leading indicator of price without any inputs from price. The net of order flow as shown in the graphic is the force and price is the particle or object.

As buying and selling displace each other in harmony (the graphic) so is price displaced.

The definition of simple harmonic motion is simply that the acceleration causing the motion a of the particle or object is proportional and in opposition to its displacement x from its equilibrium position.

Below are shots of two different algorithms that produce true harmonics of buying and selling volumes that, as the graphs show, often lead price.

Please click to enlarge image

cheers

UrmaBlume

[blott]

Originally Posted by ariel »

Can anybody recommend me a good pattern recognition software for MetaTrader or Ninja Trader 7, I’m tried the AutoChartist software, but I having issues with it and well I found it difficult to use. I just want recognition software that can identify me patterns on different charts and then I decide which one trade.
I harmonic patterns trader, but I also look up for thinks like double top/bottoms.
Thanks.

Hi Ariel,
I use korharmonics pattern software. It's free, but he does ask for a contribution to development costs, and there are free updates/improvements. Try korHarmonics

I find them pretty good, combnined with other indications like S&R, candle patterns, volume indications, pin bars etc.


Regards,


Mike

[ariel]

Originally Posted by UrmaBlume »

When one component of the harmonic does the exact opposite of the other component and does it in the same amount then you have a balanced harmonic. In this case it is a balanced harmonic of order flow or the balance of trade.

You will note that when selling is increasing, the red line moving up, that buying is decreasing, blue line moving down, by the same amount = a balanced true harmonic - one component is a harmonic of the other.

My small group endeavors to explore what we call the physics of market information. The harmonic of trade flow we have shown is designed as a leading indicator of price without any inputs from price. The net of order flow as shown in the graphic is the force and price is the particle or object.

As buying and selling displace each other in harmony (the graphic) so is price displaced.

The definition of simple harmonic motion is simply that the acceleration causing the motion a of the particle or object is proportional and in opposition to its displacement x from its equilibrium position.

Below are shots of two different algorithms that produce true harmonics of buying and selling volumes that, as the graphs show, often lead price.

Please click to enlarge image

cheers

UrmaBlume

Thanks for your reply UrmaBlume, well I expected a pattern recognition, but I found your snapshots very interesting and I'd like to learn more about your indicators and the rules of the system.

[ariel]

Originally Posted by blott »

Hi Ariel,
I use korharmonics pattern software. It's free, but he does ask for a contribution to development costs, and there are free updates/improvements.

I find them pretty good, combnined with other indications like S&R, candle patterns, volume indications, pin bars etc.


Regards,


Mike

Hi Mike, I think this could be that I was looking for, thanks for your reply and I'd would like to know how do you apply this software and your general opinion about it, may be some snapshots, thanks again

Ariel

[UrmaBlume]

Originally Posted by ariel »

Thanks for your reply UrmaBlume, well I expected a pattern recognition, but I found your snapshots very interesting and I'd like to learn more about your indicators and the rules of the system.

Thanks for the kind words. The software/indicators are not part of a system but they are part of a package of indicators that is described here.

cheers

UB

[blott]

Originally Posted by ariel »

Hi Mike, I think this could be that I was looking for, thanks for your reply and I'd would like to know how do you apply this software and your general opinion about it, may be some snapshots, thanks again

Ariel

Hi Ariel,
I am using V13. The red/green oblong boxes are (I think) previous S/R clusters, where reversals may occur.

Where the patterns end are the potential reversal points.

I find them usually quite accurate, but you may also be advised to consider whether other signals coincide.

I hope the attached pics re of help.


Mike

[ariel]

Thanks again mike, I'm struggling with the software, I downloaded but when I tried to run the indicator a window appears saying that I have an expired version. I don't know what I'm doing wrong but If you could help me that would be great. I already have the indicator and I'm an AMPAZONE community member.

You already help me a lot, thanks for everything,

Ariel