HARMONIC PATTERN [tambangEA]
HARMONIC PATTERN [tambangEA] is a professional harmonic pattern indicator for MetaTrader 5 designed to identify potential market reversal structures using confirmed pivot points and Fibonacci ratio validation.
The indicator automatically detects and displays harmonic formations directly on the chart, calculates possible Entry, Stop Loss, Take Profit, and Risk-to-Reward levels, and presents all important information through a modern interactive dashboard.
It is suitable for Forex, Gold, indices, cryptocurrencies, and other instruments available in MetaTrader 5.
Supported Harmonic Patterns
The indicator can detect:
- Gartley
- Bat
- Butterfly
- Crab
- Shark
- ABCD
Pattern validation is based on Fibonacci ratio ranges rather than a single fixed ratio, allowing more realistic harmonic pattern recognition while maintaining configurable tolerance.
Main Features
Automatic Harmonic Pattern Detection
The indicator automatically identifies bullish and bearish harmonic structures based on confirmed swing points.
Each detected pattern can display:
- X, A, B, C, and D points
- Harmonic pattern connecting lines
- Pattern name
- Bullish or bearish direction
- Pattern quality score
- Fibonacci retracement levels
Fibonacci Projection
The indicator displays the following Fibonacci levels:
- 0.000
- 0.236
- 0.382
- 0.500
- 0.618
- 0.786
- 1.000
Fibonacci labels and guide lines are positioned to reduce overlap with the Risk-to-Reward information.
Automatic Trade Levels
For every valid setup, the indicator can calculate:
- Entry level
- Stop Loss
- Take Profit 1
- Take Profit 2
- Take Profit 3
- Risk-to-Reward ratio for each target
Default profit targets are based on the A–D range:
- TP1: 38.2%
- TP2: 61.8%
- TP3: 100.0%
The ratios can be adjusted from the indicator inputs.
Modern Dashboard
The dashboard provides a complete summary of the current primary pattern:
- Market direction: Bullish or Bearish
- Primary harmonic pattern
- Entry alert status
- Number of visible patterns
- Fibonacci display mode
- Trade-level display mode
- Pattern age from point D
- Entry price
- Stop Loss
- TP1, TP2, and TP3
- Risk-to-Reward map
- Pattern score
- Signal classification
- Number of detected pivot highs and lows
The dashboard can be:
- Expanded or minimized
- Dragged to another chart position
- Saved in its last position
- Used without disturbing chart scrolling
Multi-Symbol Navigation
The indicator includes a configurable MultiPair symbol dashboard.
Clicking a symbol button immediately changes the active chart to the selected instrument while preserving:
- Current timeframe
- Dashboard position
- Expanded or minimized panel condition
The symbol list can be customized from the indicator inputs.
The indicator also supports broker symbol suffixes and prefixes where available.
Pattern Score
Each harmonic pattern receives a score from 0 to 100 based on how closely its Fibonacci ratios match the accepted harmonic ranges.
The dashboard classifies the setup as:
- Conservative
- Moderate
- Aggressive
The score represents geometric Fibonacci conformity. It is not a guaranteed probability of profit.
Entry Alerts
The indicator can notify the user when price enters the configured Entry zone.
Available alert options:
- MetaTrader popup alert
- Sound alert
- Primary-pattern-only alert
- Adjustable Entry-zone distance
The alert identification system uses stable pattern information based on pivot time and price to reduce duplicate alerts when a new candle appears.
Historical Pattern Mode
The indicator can display either:
- Only the latest patterns
- Latest and historical patterns
Historical patterns can use a simplified visual mode to keep the chart clean.
Users can also control:
- Maximum number of displayed patterns
- Minimum distance between patterns
- Pivot search depth
- Maximum leg distance
- Historical scan range
Recommended Use
HARMONIC PATTERN [tambangEA] can be used for:
- Reversal analysis
- Fibonacci-based trade planning
- Intraday trading
- Swing trading
- Multi-symbol market scanning
- Entry-zone monitoring
- Risk-to-Reward planning
- Technical confluence analysis
For stronger confirmation, combine harmonic patterns with:
- Support and resistance
- Supply and demand zones
- Trend direction
- Market structure
- Moving averages
- RSI or momentum indicators
- ATR volatility
- Higher-timeframe analysis
Basic Operating Procedure
- Attach the indicator to a chart.
- Select the harmonic patterns to be detected.
- Set the pivot lookback and Fibonacci tolerance.
- Choose the number of visible patterns.
- Enable or disable Fibonacci and trade levels.
- Review the primary pattern in the dashboard.
- Check the Entry, SL, TP, RR, and pattern score.
- Wait for additional confirmation before making a trading decision.
- Use the MultiPair buttons to review other symbols quickly.
Important Information
The indicator uses confirmed pivot points. Therefore, a pattern appears only after the required number of candles confirms the swing point.
This confirmation process helps reduce unstable signals, but it also means that point D is not displayed immediately at the exact moment the market reaches the turning point.
The indicator:
- Does not automatically open trades
- Does not manage trading positions
- Does not guarantee that every pattern will reverse
- Should not be used as the only basis for a trading decision
Risk Warning
Trading Forex, CFDs, commodities, indices, and cryptocurrencies involves substantial risk. Historical performance and technical patterns do not guarantee future results.
Always use appropriate:
- Stop Loss
- Position sizing
- Risk management
- Maximum daily loss limits
- Independent market analysis
The developer is not responsible for trading losses resulting from the use of this indicator.
