Harmonic Pattern Collection Plugin Download for NinjaTrader

Harmonic Pattern Collection Plugin Download for NinjaTrader, Indicator is a powerful technical analysis and Harmonic-pattern recognition tool for retail traders. These patterns represent price structures that contain combinations of distinct and consecutive Fibonacci retracements and projections.

This indicator Harmonic Pattern Collection Plugin Download for NinjaTrader will draw onto the chart when any one of the following patterns are formed, click on any of the links below for more information.

• Butterfly a.k.a Gartley butterfly patterns 
• Crab – The harmonic Crab is an extreme harmonic pattern which means price action will typically be volatile.
• Gartley – Very popular, it is a retracement and continuation pattern that occurs when a trend temporarily reverses direct.
• Cypher – This is a is a four-leg reversal pattern and the pattern follows a specific Fibonacci ratio.
• Shark – This is a combination of a ‘failed’ wave, an extreme harmonic impulse wave and the famous 0.886 retracements.
• Bat – This is made up of 5 swing points, X, A, B, C and D and come in Bullish and Bearish bat variations.

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Harmonic pattern rules

Unlike traditional chart trading patterns​, such as triangles, head and shoulders, and wedges, a harmonic pattern must meet specific movement requirements to be considered valid and thus tradable. This removes a lot of the subjectivity of trading traditional chart patterns and makes trading more objective. The movement requirements are based on Fibonacci retracements and extensions, so knowledge of these Fibonacci tools is a requirement for trading harmonics. Read more about how to calculate Fibonacci retracements​ here.

Best harmonic patterns in trading

There are a number of harmonic patterns shown on traditional price charts, which includes the bat, Gartley, butterfly, 5.0, crab, and AB=CD patterns. Each of these has a bearish and bullish version, meaning that the pattern’s formation can signal a rise or fall in price when the pattern is upside down. Each pattern has a specific formation and, more importantly, specific Fibonacci ratios that must be met for the pattern to be valid and project future price action​​.

Harmonic patterns can be applied to all financial markets, including stocks, commodities, and the forex market. Each of the patterns discussed below has a trading strategy attached to it, including entry points, stop-losses, and profit targets.