What is korHarmonics indicator for MT4 platform ?

korHarmonics is an indicator written in mq4 for Metatrader4 (MT4) platforms.

It automatically looks and presents (real-time and history) harmonic and price patterns appearing on any market and instrument supported by MT4.

For the user it means:

• possibility to monitor multiple markets, instruments, timeframes
• possibility to define set of favorite patterns to look for
• assurance that each pattern will be spotted and the user alerted
• at the end spending less time looking at the monitor, but not missing an opportunity

The market repeats continuously and on each timeframe. It does not draw anything new and will never draw anything new. It is just important to spot repetitive patterns, in order to remember their past behavior and get alerted on time when they show up next time. korHarmonics supports you in this.

There is no indicator that completely replaces an investor’s eyes. Some recognized formations are ‘DO NOT TOUCH”. Some look good, but still fail. It’s the responsibility of each investor to study and learn when to play and when to stay out of the market.

See www.TradingArsenal.com. This sub-forum Forum: KorHarmonics Indicator Releases is dedicated to the korHarmonics indicator and korHarmonics related initiatives. You may ask questions, look for the answers, share your strategies and entries screenshots. You will find there also information related to the latest public versions of the indicator and comments to your ideas.

Functionality in the last publicly available korHarmonics version (6.7.13):

1.       Automatic real-time and history harmonic and price patterns recognition and presentation. See korHarmonics manual korHarmonics Manual Documentation for the full list of supported formations.

2.       Support for multiple markets, instruments and timeframes

3.       Early identification of the emerging/potential formations (“Emerging patterns”).

4.       ZIGZAG with its price and time relationships

5.       Possibility to automatically save found pattern picture into a GIF file.

6.       Alerts and sound alarms.

7.       Choosing favorites patterns, filtering out the others

8.       Templates with predefined optimal parameters

9.       Default MinSwing pre-configuration for ZIGZAGs

10.    Integration with korSigMonitor the indicator which allows you to monitor multiple formations, markets, instruments, timeframes on the single page.

The latest official public version of the korHarmonics indicator is available here -> korHarmonics indicator - the latest official public release - FREE download