ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Personal Finance Software

Harmonic Analysis Tools and Harmonic Trader Software

Updated on December 18, 2011

Harmonic trading is fast becoming a popular way to trade forex. This is because, like other pattern based trading, harmonics analysis focuses purely on trading what you see, not what you think. The psychology of currency trading is just as important as the fundamental and technical elements. Traders are often advised to leave their emotions at the door.

Leaving your emotions at the door is extremely difficult. Softwares, auto traders, and expert advisors take some of the emotion out of trading. There are a few indicators and harmonic softwares out there with varying degrees of popularity.


ZUP Indicator

ZUP stands for Zigzag Universal Pattern. ZUP is considered one of the more relevant indicators where harmonic analysis is concerned. It connects swing highs and lows with trend lines, to find forex trading patterns. This is why it is favored by pattern traders, but it is not designed specifically for harmonic patterns, and so;

  • Is commonly slammed for giving a lot of alerts that need to be sorted through to find anything relevant to harmonics analysis.
  • Notorious for the complexity of its programming, making it very hard to program into an ea.
  • Known to repaint because it works on historical data and can readjust itself. Repainting is a common behaviour of many indicators and is also known as lag.
  • Alleged memory leaks, causing excessive memory use of the forex traders hard drive.

Anyone trading live knows how important the speed and reliability of hardware, software and internet connection is.

Where harmonic analysis is concerned, the ZUP indicator doesn't take into account the swing high or low preceding an emerging harmonic pattern because it is a zigzag indicator, not a harmonic indicator. The ZUP indicator is better used in conjunction with other tools. At the moment there isn't a harmonic expert advisor made with ZUP available.



KorHarmonics for Meta Trader 4, looks specifically for harmonic patterns. This harmonic indicator can be used on any market, not just the foreign currency exchange. There are many good reviews on the forex forums and KorHarmonics is also frequently updated to be bigger, better, faster! You get the picture, there's support with this software.

AMP Indicator

An indicator in the pipelines at the moment is the AMP indicator. Still in beta testing stages with, AMP stands for Any Market Pattern. At the moment it is still in development, but if it is released at the end of testing it will include harmonic price recognition with alarm/alert tool and be flexible across any market, not just forex.

Software and Training Packages

Elemental Trader

Elemental Trader is promoted as an entire training and trading course, that will teach the user to build profits over time, that's pretty cool, because that's what an investment is supposed to do. Elemental Trader includes training modules and learning manuals to increase the users knowledge base on harmonic analysis and trading. This software costs near on $2000, but a lot of the reviews on many of the reputable forex forums are saying that it is quite honestly, very awesome stuff.

Harmonic Analyzer

Harmonic Analyzer is considered one of the best tools out there for harmonic traders. It is standalone charting software that requires esignal software and a compatible data feed, but does not need a platform to run.

Like all good softwares, it doesn't come cheap. Harmonic Analyzer will set you back to the tune of $1499.95 a year, or you can purchase it for something in the vicinity of $4500. It is also leased on a quarterly year basis or a 30 day trial for $30. According to many forums, this software is worth every cent for the serious harmonic trader.

Wowsers! Hope it's worth it...

Like anything, profitability of these tools relies solely on the trader, and how they are used. Anyone can trade on the foreign currency exchange, not everyone can profit consistently. One key to being successful in any endeavor, is knowledge. Just like the famous phrase (attributed to Sir Francis Bacon, the biblical Book of Proverbs, and Ferdowsi's Shahnameh) says, knowledge is power.

Trading using Harmonic analysis requires a lot of learning, and study on the subject. Once mastered a trader can fully appreciate the profitability of trading what you see, and not what you think.

© 2011 courtneyk all rights reserved


    0 of 8192 characters used
    Post Comment


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: ""

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)