Baluda Indicators

[Baluda]

Here are my indicators, I hope you find use for them.

Please go here for my NanningBob and other general indicators and libraries.

1. Mønster
This my Harmonic Pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly and Cypher patterns. Only the most current pattern is shown.

mønster, iv.png

mønster, iii.png

mønster, ii.png

mønster, i.png

mønster, v.png

Current version: v1.0.4
User settings:

• showProjections - show/hide projected patterns
• minAccuracyPercent - minimum accuracy percentage for pattern recognition
• touchMinRatio - set to true to force Mønster to touch all minimum ratios
• show'PatternName' - show/hide specific pattern
• colo(u)rs - you know what to do
• alwaysShowZigzag - set to true to always show Zigzag, even if no pattern is found. Use with care, could crash Empty4 when set to false.
• showFibProjections - show/hide Fibonacci projections in PRZ
• showPerfectFibs - show/hide perfect Fibonacci projections in different color
• showRiskReward - show/hide risk/reward PRZ
• Zigzag parameters - set Zigzag parameters

Perfect Fibonacci projections are the Fibonacci retracement levels where the pattern should retrace or stop according to its definition.

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 target 1.

Mønster now shows projected harmonic patterns!

License valid through 12/31/14. This could grow into a commercial indicator. Let me know what you think.

This is a compiled only version. Please let me know if you like, loathe or love it. I am open to suggestions.

Happy trading!

Paul

[bearshunter]

Dear Baluda,
Thank you so much for all of your great indicators,do you have a mq4 of monster?
i downloaded this exe but it not working.
Million of thanks

[art]

i got to download the indie from the old way of installing indies, although i'm running version 600, wouldnt install from the data folder

[Baluda]

Will check for 600+ compatibility.

New version in a few days. Stay tuned.

Paul

[Geges]

It's working perfect for me...Finfx build 610.

[longytravel]

Very nice!

Thank you for sharing.

Quick one from me. Is there scope so that you can add the indicator on the chart twice using different settings to pick up different sizes of patterns? Having added a second instance of the indicator it moves the measurements to that pattern and seems to stop looking at the first indicator?

[Baluda]

New version Mønster in post 1.

Enjoy,

Paul

[Bruster400]

Hi, Just wanted to say thanks for this great indicator - I've just loaded up the new version and it works really well. Great work!

[Elixe]

This looks great, many thanks for sharing it Baluda

[SpiderX]

Hi Paul,

Can this be used in an automated strategy ?
Possible to code a simple EA for automated testing ?

Cheers