Hi,
I am looking for a correctly coded harmonic indicator that shows most if not all of the standard harmonic patterns (shark, abcd, gartley, butterfly, crab, etc)
There are many out there such as the Korharmonics and ZUP indicator, but both of these have the same issue with the last leg of the pattern repainting itself. This is due to the fact that they both use the zig zag indicator as its primary measurement for highs and lows and pattern formations. This is absolutely incorrect and not the way it should be done. What happens is that when you get a harmonic pattern formation but the final validation lag will go up and down with the zig zag thus you have no idea when or where the pattern ends and are left guessing as to its validity.
The harmonic patterns should be drawn and based off math. Not the zig zag indicator. Once a pattern has formed, it has formed and that is it.
Anyone have such an indicator?
- forexmmm
I am looking for a correctly coded harmonic indicator that shows most if not all of the standard harmonic patterns (shark, abcd, gartley, butterfly, crab, etc)
There are many out there such as the Korharmonics and ZUP indicator, but both of these have the same issue with the last leg of the pattern repainting itself. This is due to the fact that they both use the zig zag indicator as its primary measurement for highs and lows and pattern formations. This is absolutely incorrect and not the way it should be done. What happens is that when you get a harmonic pattern formation but the final validation lag will go up and down with the zig zag thus you have no idea when or where the pattern ends and are left guessing as to its validity.
The harmonic patterns should be drawn and based off math. Not the zig zag indicator. Once a pattern has formed, it has formed and that is it.
Anyone have such an indicator?
- forexmmm
harmonic indicator
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