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TrendWavePattern

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TrendWavePattern  an another way to trade with a harmonic pattern, a maestro classic pattern . I made some improvements and combinations with my own strategy. Trend direction, buy-sell signal ,hi-low area and pivot line. These will be helpful for trader to read the current market condition. So it is not blindly following the pattern itself but also following other informations from the market.

Readable chart appearance. Designed to be user friendly even you are a new trader. BUY-SELL zone, TakeProfit and StopLoss price,current market trend and current bearish and bullish pattern. There are 3 Take Profit levels defined by Fibonacci levels and single stoploss drawn up automatically when the pattern triggered .

FEATURES

TimeFrame: Recommended M5 – H4

Currency Pair: Any Currency Pair

Also we ca use it on Renko Chart

HOW TO TRADE

There are 2 ways to trade with TrendWavePattern Indicator

 1. Follow Pattern Direction, In case BUY order ( vice versa for SELL  ) :

  • ¬†Bullish Pattern triggered , indicator will provide alert for this.
  • ¬†Current Trend is UP Trend
  • ¬†Price is on BUY ZONE , it is closely on Point D.¬†
  • ¬†Buy signal arrow triggered ( Candle Close ).
  • ¬†Stop Loss on ” StopLoss Buy ” line
  • ¬†TakeProfit on Fibonacci level between BUY ZONE and SELL ZONE. There are 3 levels of TakeProfit line. You can choose one of them or you can place 3 buy orders at the same time and price with 3 different takeprofit for each order.

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 2. Ignore the direction of Pattern. We can place order buy/sell on every pattern triggered. In case BUY order ( Vice versa for SELL ): 
  • ¬†Pattern triggered ( No matter Bullish/Bearish Pattern ), indicator will provide alert for this.
  • ¬†Current Trend is UP Trend
  • ¬†Price is on BUY ZONE , it can be around Point D or Point C.
  • ¬†Buy signal arrow triggered¬† ( Candle Close ).
  • ¬†Stop Loss on ” StopLoss Buy ” line
  • ¬†TakeProfit on Fibonacci level between BUY ZONE and SELL ZONE. There are 3 levels of TakeProfit line. You can choose one of them or you can place 3 buy orders at the same time and price with 3 different takeprofit for each order.
¬†Stop Loss on ” StopLoss Buy ” line

PARAMETERS

Please feel free to contact me or post it on comment section for any questions. 

Please feel free to contact me or post it on comment section for any questions. 

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