Harmonic Pattern Scanner

<p>Harmonic Pattern Scanner </p>
<p>Harmonic Pattern Scanner is the automated tool to detect harmonic patterns. Here is very simple explanation on type of pattern detection algorithm behind Harmonic Pattern Scanner. Not all the harmonic pattern detection algorithms are the same. In the past the main variations of Harmonic pattern detection algorithms can be categorized as following four types.</p>
<p> Type 1:&nbsp;&nbsp;Non lagging (fast signal) but repainting – option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint.</p>
<p> Type 2:&nbsp; Lagging (slow signal) but non repainting – no option to enter at turning point (i.e. early signal). Indicator does not show the failed pattern but last pattern does not repaint.</p>