Pattern plus and profitable pattern scanner are the great harmonic pattern detection indicator. Some trader asked me if they can use
Harmonic Pattern Plus and Profitable Pattern Scanner together.
short answer is yes. It is possible to combine them. Even though both indicators detect harmonic patterns, they are using completely
different pattern detection algorithm. Harmonic pattern Plus uses the classic pattern detection algorithm whereas Profitable Pattern
Scanner uses non repainting pattern detection algorithm (i.e. latest pattern detection technology).
can be some overlapping in the detected patterns. However, there are also many different patterns can be detected. If both indicator detect
the same patterns, then the patterns are often more accurate. At the same time, with non overlapping patterns, you have less chance to miss
out the good signals.
you want to use channel function together with Harmonic Pattern, then use the channel function in Profitable Pattern Scanner because it is
more advanced version.
course, the same thing applies to Harmonic Pattern Scenario planner.
to Harmonic Pattern Plus
to Profitable Pattern Scanner
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