In this post i will be giving a brief intro to KorHarmonics. It is a useful indicator in Forex trading which is written in mq4 platforms.With the help of this indicator we can easily check the history and trends of any market and also the present trends which runs on the instrument supported by mq4.Figure given below shows an example of korharmonics v 6.7.13.
This Forex trading application is very useful for the Forex traders in following ways
a. Helps to monitor multiple markets,devices and time frames at a time.
b. Helps the user including the strategies by defining different set of favorite patterns.
c. guarantee that you will get alert for all the moves and alerts for the trade.
d. As it helps the user to access and monitor different markets at a time,so you can easily make the moves and decisions at the right time.
Figure given below, shows how the indicators really look like.
The market continuously behaves like a pendulum meaning by it keeps on repeating on each time frame. It does not draw anything new . It is just important to spot repetitive patterns, in order to remember their past behavior and get alerted on time when they show up next time. korHarmonics supports you in this.There is no indicator that completely replaces an investor’s eyes. Some recognized formations are ‘DO NOT TOUCH”. Some look good, but still fail. It’s the responsibility of each investor to study and learn when to play and when to stay out of the market.Figure below shows example of korharmonics indicator mt4.