What is the Harmonic Analyzer?
The Harmonic AnalyzerTM is an incredibly effective analytical charting program that defines profitable trading opportunities unlike any other software available.
What are Harmonic Patterns?
To learn more about the patterns, visit the following link: Harmonic Price Patterns
Does the Harmonic Analyzer follow EXACTLY the theory exposed in his books Harmonic Trading ( Vol 1 ad Vol 2)?
Yes, Mr. Carney personally developed this program according to his exact rules. This was the first harmonic pattern program on the market and is still one of the best.
In what markets do Harmonic Patterns work?
Harmonic Price Patterns work in ALL financial markets: stocks, currencies, commodities, futures and options!
How can I get a trial?
Go to the website www.harmonicanalyzer.com and click the download link. After you download the program, follow the setup and terms and conditions instructions. After you fill out your email address, we will receive the information, generate your license and send your key to your email.
What is the difference between Pro and Basic?
Ha Basic allows you to analyze End of Day data whereas HA Pro allows you to analyze intraday data as well as End of Day data. Visit the Features page for full details on features and required data providers.
What Harmonic Patterns does HA scan for?
The Harmonic AnalyzerTM automatically identifies, calculates and illustrates Harmonic Price Patterns, including: AB=CD , Bat , Butterfly, Crab & Gartley.
How are the scans run?
Scans are run manually. See the Features page for full details on scans and the User Guide and HA Quick start Guide for instruction on how to run scans.
Am I allowed t select the ideal or near to ideal paterns?
Yes, the software shows you patterns that are completing and patterns that have completed in the past. There is a user guide and a quick start menu to help you with the program. There are numerous videos on the YouTube channel and website as well as other articles and a free book that can be accessed at my website.
What types of data are compatible?
HA Pro requires ESignal's 'third party software compatible' data feed. HA Basic is compatible with Yahoo's free EOD data, TC2000, ESignal and .CSV file. Find all our compatible data sources here: http://www.harmonicanalyzer.com/featuresdata.htm
Does the DEMO accept .csv data files? Any format?
Yes, there are specific instructions on the homepage that show exactly how to format the spreadsheet.
May I export data from Metatrader to the DEMO HA?
How do I set up ESignal to work with HA?
See the support section of our website for details on setting up ESignal feeds: http://www.harmonicanalyzer.com/featureshatips.htm
Can I use Harmonic Analyzer with MT4 or other trading platorm?
As HA is a stand alone software, it does not require a trading platform to perform. You need only a compatible data source. Free EOD data is available for HA Basic via Yahoo and for HA PRO, contact your ESignal rep for details on their 'third party software compatible' data feed. Data (including foreign market data) can also be imported via .CSV file. Please find all our compatible data sources here: http://www.harmonicanalyzer.com/featuresdata.htm
Can I analyze foreign market data?
Yes. If data is not available through a compatible data source then it may be imported via csv file. Consult your license activation email for details.
What is the proper symbol formatting for HA?
Details on proper symbol formatting and file naming as contained in your License Activation Email. Also, find proper formatting for symbols here: http://www.harmonicanalyzer.com/symboldownload.htm
What is the 'Last Bar In Pattern Max PRZ Diff' filter?
This filter simply looks at the last bar in the pattern and determines how far away from the PRZ the bar is (either High/Low or Close - see checkboxes above the slider). By reducing this value patterns will be filtered out of the match list which are too far away from completion or have already reversed/failed.
What is the 'Damping Factor' filter?
You may find for some volatile stocks that the HA is finding too many matches due to erratic price swings. Increasing the Damping Factor slider desensitizes the HA to these smaller erratic price swings and filters these out from the match list. There is no single setting for this slider and it needs to be set on a symbol by symbol basis.
What is the 'Previous Leg Retrace Threshold' filter?
By default the HA finds patterns just about anywhere in a price move. Referring to Mr. Carney's book you will see he says that the very best patterns form after extended rallies/selloffs. By increasing the value of this slider the HA will filter out patterns that do not appear at rallies/selloffs. The higher the value the more extreme the rally/selloff needs to be for the pattern to appear in the match list.
Where are the 'Last Bar In Pattern Max PRZ Diff', 'Damping Factor', and 'Previous Leg Retrace Threshol' filters located?
In the "Advanced" tab in the pre/post scan filters.
Does the HA offer the PRZ automatically calculated? (Price retracement zones)
Does the HA offer the StopLoss level automatically calculated on the chart for me?
No. In Harmonic Analyzer, the stop loss is not calculated.
Does the HA offer also the Take profit calculated automatically?
No. In Harmonic Analyzer the Take profit is not calculated automatically.
When will the new version of Harmonic Analyzer be released?
Harmonic Analyzer is currently in development. Email email@example.com RE: Notify HA Release to be notified when the release date is set if you have not already joined the mailing list.