Bullish Harmonic Patterns Indicator for Prorealtime
Trade 12 Bullish Harmonic Patterns with a Single Indicator
Bullish Harmonic Patterns Indicator for Prorealtime
Trade 12 Bullish Harmonic Patterns with a Single Indicator
How will the Bullish Harmonics indicator help you?
Trading harmonic patterns is a strategy reserved for experienced traders. Identifying them is challenging and requires a thorough understanding of Fibonacci ratios.
The Bullish Harmonics indicator will help you trade harmonic patterns with ease. It recognizes the twelve most favourable bullish harmonic patterns. It displays the figures with buy signals and price targets on your charts.
✅ The screener will help you discover trade opportunities in real-time.
Try the indicator for Free
Start a FREE TRIAL with the Bullish Harmonics indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Bullish Harmonics indicator is available on the Prorealcode marketplace. After obtaining a license, you will be able to access the indicator and scanner on your Prorealtime platform.
Key Features
Pattern Recognition
The indicator recognizes the twelve most reliable bullish harmonic patterns. You will spot harmonic patterns at a glance.
Buy Signal Detection
The indicator detects and displays buying signals. You will trade numerous opportunities.
Fibonacci Level Display
The indicator displays Fibonacci levels on the chart. You will anticipate consolidations and rebounds.
Signal Confirmation
The indicator contains efficient signal confirmation filters. You will focus on the best opportunities.
Target Display
The indicator displays price targets on the chart. You will optimize your exit conditions.
Stop-loss Display
The indicator displays stop losses on the chart. You will protect your capital.
Market Scanner
A harmonic pattern screener is included with the indicator. You will find opportunities in real time.
Automated Trading
The indicator can be integrated into a backtest. You will test configurations and automate your trades.
Full Customization
The indicator is fully configurable. You will be able to adapt it to your needs.
Available Brokers
The Bullish Harminics indicator is compatible with all versions of Prorealtime. You can install the indicator on any broker that provides this platform. The brokers with which you can use the indicator are Interactive Brokers, IG, Saxo Bank, and Boursorama:
Why trade harmonic patterns?
A harmonic pattern is a chart pattern based on Fibonacci ratios. They rely on precise combinations of waves that form symmetrical structures. When correctly identified, they allow for accurate identification of reversal zones.
The following image shows a harmonic pattern followed by a powerful bull trend:
Why use the Bullish Harmonics indicator?
The Bullish Harmonics indicator contains everything you need to trade bullish harmonic patterns effectively. It displays patterns on your charts with several entry points. In addition, the indicator calculates precise price targets based on Fibonacci ratios.
The indicator is fully customizable. You can choose the pattern(s) of your choice, select signal types, and apply confirmation filters.
1. Harmonic Pattern Recognition
Identifying harmonic patterns on a chart can be a very time-consuming task. It would require knowing all the Fibonacci ratios inside and out. The indicator recognizes the twelve most favourable harmonic patterns. You will immediately spot patterns on your charts.
You can select the patterns of your choice in the indicator settings:
- Bullish Butterfly
- Bullish Bat
- Bullish Crab
- Bullish Cypher
- Bullish 5-0 Pattern
- Bullish AB=CD
- Bullish Gartley
- Bullish Alt Bat
- Bullish Deep Crab
- Bullish Shark
- Bullish Three Drives
- Bullish Alt AB=CD
Here are examples of the twelve harmonic patterns detected by the Bullish Harmonics indicator:
You will spot Harmonic Patterns at a glance on your charts
2. Buying Signal Detections
The indicator detects buy signals specific to each pattern. It incorporates several types of signals to help you adapt to each situation. You will take uptrend reversal, resumption, and continuation signals.
Here are the types of buy signals detected by the Bullish Harmonics indicator:
Bullish Reversal Signals
- Price in Buy Zone
- Breakout of Buy Zone
- Test of Buy Zone
- Breakout of Bottom Trendline
- Test of Bottom Trendline
Uptrend Resumption Signals
- Breakout of Top Trendline
- Test of Top Trendline
Uptrend Continuation Signals
- Breakout of Resistance
- Test of Resistance
Here are examples of the buy signals detected by the Bullish Harmonics indicator:
You will operate several types of markets
3. Buy Signal Confirmation
Harmonic patterns inherently provide excellent signals, but you can further improve performance by confirming them. This involves ensuring that the market is moving in the direction of the signal by checking various indicators.
The Bullish Harmonics indicator contains several options for confirming buy signals. You can enable signal validation and apply volume, strength, and trend filters.
You will boost your trading performance
4. Defining Precise Price Targets
Correctly defining the price target is crucial to the outcome of a trade. It is sometimes difficult to know how far the price can go before consolidating.
The unique feature of harmonic patterns is that they allow you to define precise price targets with a high degree of precision. The indicator uses the construction points of the patterns to calculate Fibonacci ratios. These ratios will be used to define precise price targets.
You will optimize your profit per trade
5. Displaying Fibonacci Levels
You can display Fibonacci levels for a pattern independently of the price target. This will help you visualize rebound and consolidation zones.
You will efficiently manage your trades
6. Stop Loss Display
Harmonic patterns provide excellent signals, but no strategy can be 100% successful. Therefore, you should always add a safety stop to an open position to protect your capital.
By default, the indicator places the stop loss below the last low point of the detected pattern. You will adjust its position in the indicator settings.
You will secure your capital
7. Customizing the Indicator
The indicator is fully customizable. You can choose the pattern(s) of your choice, set their size, select signal types, apply filters, and modify the display.
You will adapt the indicator to your trading style
8. Trading Alerts
The Bullish Harmonics indicator allows for trading alert activations. The Prorealtime platform will notify you when the price breaks a key level.
You will create an alert on all assets in all timeframes.
You will never miss a trade opportunity again
9. Backtest and Automated Trading
You can call the indicator in a ProBuilder backtest. You will test different configurations to find the most profitable one.
You will backtest your strategies and create trader bots
Bullish Harmonic Pattern Screener
The screener provided with the indicator will enable you to identify opportunities in real-time. You will scan hundreds of thousands of stocks in a few minutes. The screener works across all asset classes and time frames.
You will find trade opportunities in real-time
Online Documentation
I provide complete documentation describing the usage and settings of the indicator. I also provide an example of code you can use to backtest your strategies and create an automated trading system. You can consult this documentation at any time on these pages:
Try the indicator for Free
Start a FREE TRIAL with the Bullish Harmonics indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Bullish Harmonics indicator is available on the Prorealcode marketplace. After obtaining a license, you will be able to access the indicator and scanner on your Prorealtime platform.