HARMONIC PATTERNSFOREX HISTORY KEEPING TOOL

in-depth view for forex tool #25
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This is one of three tools dedicated to keeping history, it is responsible for saving harmonic patterns found in any of the 10 harmonic tools.

The tool keeps as much data as possible for each saved harmonic pattern, providing detailed numerical values and visual representation for any selected pattern.

Furthermore, a saved pattern can be reloaded into its originating tool, or have its tracking data or final output updated directly inside this tool.

This page will cover everything regarding this tool in details, covering the data flow, and the tool's contents and structure. All screenshots used will show just the part of the tool being explained, a native screenshot for the tool as a whole can be viewed/saved using the link above.

TOOL'S DATA FLOW

The below illustration details the type of data flow between this tool and other directly connected tools, to see the bigger picture for the whole toolkit's data flow please check this illustration.

Detailed data flow from/to "Harmonic Patterns" history keeping tool

detailed data flow from/to "Harmonic Patterns" history tool

Patterns created in any of the 10 harmonic tools can be directly saved to history once the pattern reach proactive status for its final point(PRZ).

The 8 tools with "take trade" functionality, will automatically save the pattern to history before sending the trade setup to "Custom Trade" trading tool.

Any saved pattern can be reloaded back into its originating tool directly from inside this history tool.

TOOL'S CONTENTS & STRUCTURE

In-depth demonstration for the tool's contents

The tool consists of 3 main parts, 1: Sorting which is used to sort saved harmonic patterns with up to three conditions, 2: Pattern setup which will show the main tracking and technical details for the saved patterns, and finally 3: Pattern details which will show all data saved for a specific pattern alongside a visual representation for that pattern.

The screenshots in this page shows the last 10 saved patterns using the different harmonic tools, and the pattern details for Crab pattern #15, that was traded on checkpoint #9.

SORTING

"Harmonic Patterns" history keeping tool in-depth: 3 levels sorting

3 levels sorting

Sorting of saved harmonic patterns can be done with up to three conditions that can be selected from he available drop-down menus.

This three levels depth makes it super easy to pinpoint any specific pattern, as well as studying and analyzing data as needed. For example, to study the relation of PRZ size in relation to the pattern size for each harmonic type, "pattern type" can be selected as primary sorting option to stack similar types together, and "PRZ/Pattern" selected as secondary sorting option to sort the individual pattern within each type either ascending or descending, that way, it is easy to study which ones ended with hitting the target just by looking at the pattern's outputs for the sorted data and know the relation between the PRZ and pattern for those profiting patterns.

Sorting used for our example makes use of a single condition "Pattern #" since that reference is unique and can't be duplicated. We used that straight forward sorting to make it easy to understand this tool with respect to the trading cycle used to demonstrate the different tools in the kit.

PATTERN SETUP

"Harmonic Patterns" history keeping tool in-depth: pattern setup - tracking details

pattern setup - tracking details

The first part of pattern setup shows "tracking details" for 10 patterns per page.

  • #: pattern's reference that was automatically assigned to the pattern when it was saved.
  • Pattern type: type of the harmonic pattern as per the originating tool.
  • Currency: currency pair and timeframe as chosen when saving the pattern.
  • Creation date: date and time of saving the pattern.
  • First candle (X or A): date and time of the first candle of the pattern.
"Harmonic Patterns" history keeping tool in-depth: pattern setup - points details

pattern setup - points details

The second part of pattern setup shows "points details", showing each point's rate and its precision with respect to the Fibonacci relation it represents. Patterns saved at "Proactive PRZ" status won't show rate or precision for that point, while pattern saved with a rate for point D will show the complete data for all the points.

  • X: rate for point X, will be blank if pattern is AB=CD.
  • A: rate for point A.
  • B: rate for point B.
  • C: rate for point C.
  • D: rate for point D, will be blank if pattern was saved at "Proactive PRZ" status.
  • B precision: precision of point B with respect to the Fibonacci relation respresented by that point.
  • C precision: precision of point C with respect to the Fibonacci relation respresented by that point.
  • D precision: precision of point D with respect to critical relation of PRZ, will be blank if pattern was saved at "Proactive PRZ" status.
"Harmonic Patterns" history keeping tool in-depth: pattern setup - pattern and PRZ details

pattern setup - pattern and PRZ details

The third and final part of pattern setup shows details for the pattern output and PRZ details.

  • Pattern size: total pip distance between highest and lowest rates of the pattern's points.
  • PRZ size: total pip distance between the highest and lowes rates of the PRZ components.
  • PRZ / Pattern: percentage of the PRZ size compared to the pattern size.
  • 1st hit: pattern output, can be (NA, SL, T1 or T2).

PATTERN DETAILS

"Harmonic Patterns" history keeping tool in-depth: pattern details - tracking and technical

pattern details - tracking and technical

The first part of pattern details shows all the tracking & technical details for the pattern, providing options to (delete, update, and reload) the selected pattern.

  • Pattern #: pattern reference number that was automatically assigned to the pattern when it was saved.
  • Creation date: date and time of saving the pattern.
  • Pattern type: type of the harmonic pattern, "reload pattern" will send the pattern back to the originating tool.
  • Deviation setup: the deviation value as entered in the path setup.
  • Pattern size: total pip distance between highest and lowest rates of the pattern's points.
  • Used point D: rate of point D used for calculations.
  • Pair: currency pair and timeframe as chosen when saving the pattern, can be directly updated here.
  • First candle (X or A): date and time of the first candle of the pattern, can be directly updated here.
  • 1st hit: pattern output, can be (NA, SL, T1 or T2) as saved with the pattern, can be directly updated here.
  • T1 rate: rate of calculated first target.
  • T1 pips: pip distance from PRZ critical rate to first target rate.
  • T1 R:R: reward/risk ratio of first target compared to stop loss.
  • T2 rate: rate of calculated second target.
  • T2 pips: pip distance from PRZ critical rate to second target rate.
  • T2 R:R: reward/risk ratio of second target compared to stop loss.
  • SL rate: rate of calculated stop loss.
  • SL pips: pip distance from PRZ critical rate to stop loss rate.
  • B, C , and D: shows the Fibonacci relation for each point, alongside the ideal & actual fibonacci levels, and the point's precision.
  • PRZ: shows the Fibonacci relation and level for all the PRZ components, alongside the pip distance of the PRZ and its percentage in relation to the pattern size.
"Harmonic Patterns" history keeping tool in-depth: pattern details - visualization chart

pattern details - visualization chart

The second part of pattern details shows shows a visual representation for the pattern as it was saved. All the points, targets & stop loss levels, and PRZ components are plotted on the chart with their numerical rates. Patterns are saved with the same exact path entered in the originating tool, thus point D won't be plotted unless it was defined in the path setup.