Harmonic Pattern Plus and X3 Chart Pattern Scanner is a great indicator for detecting harmonic patterns. Some traders asked me if they can use Harmonic Pattern Plus and X3 Chart Pattern Scanner together.
The short answer is yes. It is possible to combine them. Although both indicators detect harmonic patterns, they use a completely different algorithm to detect patterns. Harmonic Pattern Plus uses classic pattern detection algorithm while X3 Chart Pattern Scanner uses non-repaint pattern detection algorithm (i.e. latest pattern detection technology).
There could be some overlap in the patterns detected. However, many patterns can be detected at different times. If both indicators detect the same patterns, the patterns are often more accurate. At the same time, with non-overlapping patterns, you have less chance of missing out on good signals.
When you want to use Channel function with Harmonic Pattern, use Channel function in X3 Chart Pattern Scanner because it is more advanced version. Of course, the same logic applies to the harmonic model scenario diagram.
Additionally, you can watch a YouTube video to get a feel of what an automated harmonic pattern indicator looks like. For your information, we provide two YouTube videos with the title and links below.
YouTube “Harmonic Pattern Indicator (Repaint But No Delay)”: https://youtu.be/CzYUwk5qeCk
YouTube “Non-Repaint, Non-Lagging Harmonic Pattern Indicator”: https://youtu.be/uMlmMquefGQ
Link to Harmonic Pattern Plus
Link to X3 Chart Pattern Scanner