Harmonic Pattern Plus and X3 Chart Pattern Scanner are the great harmonic pattern detection indicator. A trader 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 pattern detection algorithm. Harmonic pattern Plus uses the classic pattern detection algorithm, while the X3 Chart pattern scanner uses a no-repaint pattern detection algorithm (ie the latest pattern detection technology).
There may be some overlap in the detected patterns. However, many patterns can be detected at different times. If both indicators detect the same patterns, the patterns are usually more accurate. At the same time, with patterns that don’t overlap, you’re less likely to miss out on good signals.
When you want to use the channel function together with the harmonic pattern, please use the channel function in X3 Chart Pattern Scanner because it is a more advanced version.
Of course, the same logic applies to the harmonic pattern scenario planner.
Link to Harmonic Pattern Plus
Link to X3 Graphics Pattern Scanner