Harmonic Pattern Collection NT 7M
From harmonics pattern creator and pioneer Scott Carney comes this harmonic pattern recognition toolkit exclusively for Ninja Trader. The Harmonic Pattern Collection makes Harmonic Trading easy, as it automatically scans and identifies trading opportunities, doing all of the work for you. Over the past decade, harmonic patterns have become one of the most popular technical tools used by traders today. Created as a part of the Harmonic Trading methodology, these patterns identify important structural signals unlike any other strategy. Carney first introduced harmonic patterns in his first book, “The Harmonic Trader” (1998) and defined the rules that validated these structures as profitable opportunities. He produced an effective program that correctly measures and defines the best structural trading opportunities based upon harmonic patterns. A comprehensive and highly-configurable collection of harmonic pattern indicators suitable for use on all timeframes. A total of seven patterns are covered (AB=CD, Bat, Butterfly, Crab, and Gartley). Each pattern has a Watchlist as well as a Chart component. Monitor baskets of securities for pattern activity in realtime using the Watchlist components. You can easily track the status of patterns via the Watchlist interface. Visualize all historical, pending, and potential patterns using the Chart components. Audible and popup alerts can be generated for all pending and potential patterns. All of the pattern indicators are highly configurable with options provided to control pattern logic, adjust the cosmetics, and for alert generation.
Harmonic Strength Index (HSI) Indicator for NT7
The Harmonic Strength Index (HSI) is a newly-developed oscillator that seeks to optimize the signaling properties identified in RSI by Scott Carney for the methodology of harmonic trading. Co-developed by Scott Carney and Keegan McClellan, it represents a new perspective on Wilder’s original work.
Its principal advantage exists in the confirmation of harmonic patterns, assistance in entry point identification, measurement and monitoring of trend segments and identification of trend integrity, identification of key inflection points in price and as a tool for position management. It is designed to replace RSI for harmonic traders.
Subscription will be billed in monthly installments. All cancellations must be submitted in writing and will be applied to the next billing cycle.