MonsterDash Harmonic Indicator + Monster Harmonic Indicator

Name: MonsterDash Harmonic Indicator + Monster Harmonic Indicator
SKU: 7669
Price: 18.99 USD
Availability: InStock

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Category: Indicators (MT4) Tags: Need MSIMG32 System B

Product Description

Monster Harmonic Indicator

Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone).

Users can add their own user defined patterns to Monster.

Besides the current pattern, Monster also shows all patterns in the symbols history.

Monster will provide alerts for developing patterns.

Introduced by H.M. Gartley and popularized by Scott M. Carney, harmonic patterns are one of the best instruments in the traders’ toolkit. While the underlying Fibonacci projections and ratios are fairly complex, this indicator makes detection and discovery of the harmonics patterns easy. Monster gives you the right tool to become a better Harmonics trader.

Settings

Monster’s default settings are good enough most of the time. Feel free to fine tune them to your needs.

Show only current patterns? – set to true to detect current patterns only
Show Pattern Projections? – show/hide projected patterns.
Show Invalidated Patterns? – show/hide invalidated patterns.
Minimum Accuracy Percent – minimum accuracy percentage for pattern recognition.
Price Must Touch All Minimum Ratios – set to true to force Monster to touch all minimum ratios, set this if you want the price to touch all minimum ratios and provide even better patterns.
Show ‘PatternName’ Patterns? – show/hide specific pattern.
Show Pattern Label? – set to true to show the pattern label in the chart.
Show Pattern Accuracy? – set to true to show the pattern accuracy in the chart.
Show Ratio Labels and Lines? – set to true to show the ratios of the pattern in the chart..
Show Initialization User Patterns? – set to true to show the results of the initialization of the user patterns in the Experts tab.
Show Fibonacci Projections in PRZ? – show/hide Fibonacci projections in PRZ.
Show Perfect Ratio Levels? – show/hide perfect Fibonacci projections in different color.
Show Risk/Reward in PRZ? – show/hide risk/reward PRZ.
Show Alerts? – enable/disable all alerts.
Alert Projected Patterns? – enable/disable alerts for projected patterns.
Show Screen Alerts? – show/hide screen alerts.
Email Alerts? – set to true to email alerts.
Push Alert Notifications? – set to true to push alerts.
Color Palette – choose a color palette for a ‘Dark’ or ‘Light’ background.
colo(u)rs – you know what to do.
Zigzag parameters – set ZigZag parameters.

The Potential Reversal Zone (PRZ) is split in a Risk and Reward part. The Reward part of the PRZ is the price of the D point of the pattern to the 0.382 Fibonacci retracement from the C or A point (whichever is higher or lower).

User Patterns

Users can add their own patterns to Monster. Just modify the Monster_UserPatterns.csv to include your patterns. The.csv file can be found in the files folder of the User Data Directory. A sample pattern is already included in the file.

Free Demo

Monster will work in the Strategy Tester. It is best tested in Visual Mode as you can see the detected patterns in the display. Try EURUSD on H1 starting January 1, 2017.

Developers

Monster publishes the current pattern through the iCustom() function. See the sample code at the comment #273 (page 14) of the Comments section.

Loose Ends

Monster will only repaint the last point of the pattern (the D point) to its definition, it follows price.

Full Description

Read this blog post for more information on Monster.

Video

MonsterDash Harmonic Indicator

MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns. MonsterDash can open and update charts with the pattern found.

Settings

MonsterDash’s default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for those who ‘gone to the dark side’ (black backgrounds), they are less suitable for white backgrounds.

Check pattern every – Set to the frequency to detect and refresh the patterns. This is independent of the chart timeframe.
Symbols to exclude – This is a comma delimited list of symbols to exclude from pattern recognition. MonsterDash looks at all symbols in the Market Watch window.
Minimum AccuracyPercent – Minimum accuracy percentage for pattern recognition.
Price Must Touch All Minimum Ratios – Set to true to force MonsterDash to touch all minimum ratios, set this if you want the price to touch all minimum ratios and provide even better patterns.
Show Pattern Projections – Show/hide projected patterns.
Check M1, M5, M15, M30, H1, H4, D1, W1, MN1 – Set to true to include the timeframe in the harmonic pattern recognition.
Offline timeframes, comma separated – Set to a comma separated list of all offline timeframes (e.g. 2,3). Useful for Renko of Median charts
Show Command Column – Set to true to show an column with a button to open a chart.
Chart Template – Set to the name of the template (include ‘.tpl’) to apply to the chart to open.
Show Alerts – Set to false to disable all alerts.
Show Screen Alerts – Set to true to show screen alerts.
Email Alerts – Set to true to email alerts.
Push Alert Notifications – Set to true to push alerts.
Show ‘PatternName’ Patterns – Show/hide specific pattern.
Sort Patterns By – Column to sort the information grid to (one of: NoSort, Pattern, Symbol, Timeframe, Direction, Accuracy, Age, Completion, IsProjected).
Sort Direction – Ascending of Descending.
monospacedFont – Pick your favorite font, monospaced is best.
fontSize – Font size.
Show Pattern Label – Set to true to show the pattern name on opened charts.
Show Pattern Accuracy – Set to true to show the pattern accuracy label on opened charts.
Show Initialization User Patterns? – set to true to show the results of the intialization of the user patterns in the Experts tab.
Color Palette – Pick Color Palette for ‘Dark’ or ‘Light’ Backgrounds.
Colo(u)rs – You know what to do.
Zigzag parameters – set ZigZag parameters.

User Patterns

Users can add their own patterns to MonsterDash. Just modify the Monster_UserPatterns.csv to include your patterns. The .csv file can be found in the files folder of the User Data Directory. A sample pattern is already included in the file.

Offline Charts

MonsterDash will read and detect offline charts. Renko or Median charts among others can be used this way. However, offline charts cannot be automatically opened through MonsterDash to show the pattern found, this is a limitation of MetaTrader 4.

Sorting, Scrolling, Opening Charts

The patterns can be sorted on all columns. Click the column headers to sort the grid to the information in the column, click again to reverse the sort. The grid containing all patterns can be scrolled using a standard scrollbar. Clicking the button in the last column of the grid will open or update a chart containing the pattern found.