Trading
Indicator is the realization of particular theory  or trading strategy or trading ideas for real world trading. There is always gap
between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.

Hence,
not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as
following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic
patterns.


Type 1:  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. This is almost considered as
standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the
harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but
historical patterns can not be used to fine tune your strategy.


Type 2:  Lagging (slow signal) but non repainting

no
option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average
cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use
historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical
patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.


Type 3: Detecting pattern at point C but repainting

option
to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact,
price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last
pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. 
Probably about 1% of harmonic pattern indicator is this type.


Type 4:  Non lagging (fast signal) and non repainting

option
to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as
the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune
your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.



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