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Harmonic Patterns for ThinkorSwim Bat, Butterfly, Crab, and Gartley

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Product Description

Harmonic Patterns: Bundle—Bat, Butterfly, Crab, and Gartley

Harmonic patterns (Gartley, bat, butterfly, and crab) available on ThinkorSwim. 

Harmonic Trading

Harmonic Trading utilizes the best strategies of Fibonacci and pattern recognition techniques to identify, execute, and manage trade opportunities. These techniques are extremely precise and comprise a system that requires specific conditions to be met before any trade is executed. The Harmonic Trading approach offers information regarding the potential state of future price action like no other technical methods. 

The Potential Reversal Zone

This area is marked as a highly probable area for a reversal. This potential reversal zone is marked once point “C” is identified. By calculating the various Fibonacci aspects of a specific price structure, harmonic patterns can indicate a specific area to examine for potential turning points in price action.

These are zero-lag indicators that rely on price action alone. As such, points “C” and “D” will redraw until the associated peak or valley has fully formed.

These indicators will work on any chart time frame and with any instrument (stocks, futures, currency pairs, etc.) A few more examples are shown below.

These indicators do not include entry or exit signals. The trader is responsible for deciding when to enter and exit a position. 

Since there is no scanner, the patterns are identified on the charts early to allow the trader time to monitor for the potential reversal. They start drawing once point “C” has been verified.

The harmonic patterns available in this indicator include bullish and bearish versions of:                                            
  1. Gartley 
  2. Bat
  3. Butterfly
  4. Crab    

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