Harmonic Patterns by ZZ MT4

Overview

Harmonic Patterns MT4 is a technical analysis indicator designed for the MetaTrader 5 platform. It identifies and displays harmonic price patterns, such as Butterfly, Cypher, Crab, Bat, Shark, and Gartley, in both bullish and bearish directions. The indicator calculates key price levels, including entry, stop loss, and three take-profit levels, to assist traders in analyzing market movements. Visual elements and customizable alerts enhance usability on the chart.

Features

  • Detects six harmonic patterns: Butterfly, Cypher, Crab, Bat, Shark, and Gartley.

  • Supports bullish and bearish pattern directions.

  • Displays pattern points (X, A, B, C, D) with customizable visibility and color.

  • Plots entry, stop loss, and three take-profit levels with adjustable line styles and colors.

  • Provides alerts for each pattern type, configurable for bullish and bearish occurrences.

  • Uses a ZigZag algorithm to identify significant price points for pattern formation.

  • Allows customization of pattern detection parameters, such as Depth, Deviation, Back Step, and Error Percentage.

Input Parameters

Common Settings

  • Depth: Defines the minimum number of bars for ZigZag calculation (default: 7).

  • Deviation: Sets the minimum price movement for ZigZag points (default: 5).

  • Back Step: Controls the recalculation step for ZigZag (default: 3).

  • Error %: Specifies the acceptable error percentage for pattern detection (default: 0).

Patterns Settings

  • Use Butterfly: Enable/disable Butterfly pattern detection (default: true).

  • Use Cypher: Enable/disable Cypher pattern detection (default: true).

  • Use Crab: Enable/disable Crab pattern detection (default: true).

  • Use Bat: Enable/disable Bat pattern detection (default: true).

  • Use Shark: Enable/disable Shark pattern detection (default: true).

  • Use Gartley: Enable/disable Gartley pattern detection (default: true).

Display Settings

  • Show Pattern Points: Toggle visibility of pattern points (default: true).

  • Pattern Points Color: Set color for pattern point labels (default: Orange).

  • Show Entry Line: Toggle visibility of entry level line (default: true).

  • Entry Line Style: Set style for entry line (default: Dot).

  • Entry Line Color: Set color for entry line (default: Blue).

  • Show Stop Loss Line: Toggle visibility of stop loss line (default: true).

  • Stop Loss Line Style: Set style for stop loss line (default: Solid).

  • Stop Loss Line Color: Set color for stop loss line (default: Red).

  • Show Take Profit #1 Line: Toggle visibility of first take-profit line (default: true).

  • Take Profit #1 Line Style: Set style for first take-profit line (default: Solid).

  • Take Profit #1 Line Color: Set color for first take-profit line (default: LimeGreen).

  • Show Take Profit #2 Line: Toggle visibility of second take-profit line (default: true).

  • Take Profit #2 Line Style: Set style for second take-profit line (default: Solid).

  • Take Profit #2 Line Color: Set color for second take-profit line (default: LimeGreen).

  • Show Take Profit #3 Line: Toggle visibility of third take-profit line (default: true).

  • Take Profit #3 Line Style: Set style for third take-profit line (default: Solid).

  • Take Profit #3 Line Color: Set color for third take-profit line (default: LimeGreen).

Alerts Settings

  • Bull/Bear Butterfly Alert: Enable/disable alerts for bullish/bearish Butterfly patterns (default: true).

  • Bull/Bear Cypher Alert: Enable/disable alerts for bullish/bearish Cypher patterns (default: true).

  • Bull/Bear Crab Alert: Enable/disable alerts for bullish/bearish Crab patterns (default: true).

  • Bull/Bear Bat Alert: Enable/disable alerts for bullish/bearish Bat patterns (default: true).

  • Bull/Bear Shark Alert: Enable/disable alerts for bullish/bearish Shark patterns (default: true).

  • Bull/Bear Gartley Alert: Enable/disable alerts for bullish/bearish Gartley patterns (default: true).


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This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
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Zero Lag SMA for MT5 The Zero Lag SMA (ZLSMA) indicator for MT5 provides a variation of the Simple Moving Average (SMA) designed to minimize lag, offering traders a more responsive moving average that adjusts more quickly to price changes. This makes it useful for identifying potential trend reversals and key price levels in a timely manner. If you want to see more high-quality products or order the development/conversion of your own products, visit my partners' website: 4xDev Get 10% OFF on m
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Overview The %R Trend Exhaustion Indicator is a powerful technical analysis tool adapted from TradingView for MetaTrader 4. It helps traders identify trend exhaustion points, potential reversals, and trend continuation signals across various market conditions. With multiple display modes, customizable settings, and enhanced features, this indicator is suitable for diverse trading strategies. If you want to see more high-quality products or order the development/conversion of your own products,
Overview The Market Perspective Structure Indicator is a comprehensive MetaTrader indicator designed to provide traders with a detailed analysis of market structure across multiple timeframes. It identifies and visualizes key price action elements, including swing highs and lows, Break of Structure (BOS), Change of Character (CHOCH), internal structures, equal highs/lows, premium/discount levels, previous levels from higher timeframes, and trading session zones. With extensive customization opt
MACD ADX Oscillator – a powerful indicator that combines the best of the Moving Average Convergence Divergence (MACD) and the Average Directional Index (ADX) to provide unparalleled insights into market momentum and trend strength. Key Features: Dual Momentum Analysis: This indicator merges MACD's ability to detect changes in market momentum with ADX's strength measurement, giving you a comprehensive view of the market's direction and power. Customizable Settings: Tailor the indicator to your t
Percentage Price Oscillator (PPO) for MT5 – a dynamic tool designed to measure price momentum and trend direction with precision. Core Features: Flexible Configuration : Customize the PPO to match your trading approach by adjusting the Fast Length, Slow Length, and Signal Length. The indicator is also versatile enough to adapt to any market condition with various source inputs. Intuitive Histogram Display : Choose to visualize the difference between the PPO and Signal lines with a histogram, pro
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Overview Heiken Ashi CE Filtered MT5 is a technical indicator for the MetaTrader 5 platform. It integrates smoothed candlestick charting with a dynamic exit strategy and a customizable trend filter to deliver clear buy and sell signals. The indicator is designed to improve trend detection and signal reliability by reducing market noise. If you want to see more high-quality products or order the development/conversion of your own products, visit my partners' website: 4xDev Get 10% OFF on manual
Triple EMA Trend Following + Signals indicator is a tool for traders who are looking for accurate trend identification and buy/sell signals! Key Features: Triple EMA Trend Analysis: This indicator uses two Triple Exponential Moving Averages (TEMA1 and TEMA2) to capture short-term and long-term trends effectively. TEMA1 reacts to rapid price changes, while TEMA2 filters out market noise, helping you stay on the right side of the trend. RSI and ATR Filters: It incorporates the RSI (Relative Streng
Trend Lines Supports and Resistances is an indicator that analyses the market structure, identifies Pivot Points, displays active Support/Resistance zones and trend levels. Main Features: Defining and displaying Pivot Points. Analyse Pivot Points to build and display trend lines. Setting up visual display of trend lines. Setting up trend lines broken notifications. Analyse Pivot Points to define and display support and resistance levels. Setting up visual display of support and resistance leve
Trend Levels Indicator Elevate your trading strategy with the Trend Levels Indicator , a sophisticated tool designed to detect market trends and highlight critical price levels. This cutting-edge indicator is packed with features to simplify trend analysis and empower your decision-making process. Key Features: Dynamic Trend Levels : Accurately plots high, mid, and low levels based on market dynamics. Custom Alerts & Notifications : Get real-time alerts and notifications when trends change, ensu
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Overview Short-Term Basket EA MT5 is an Expert Advisor for the MetaTrader 5 platform, designed to manage a sequence of trades with a basket trading strategy, aiming to achieve a specified profit target. Features Opens an initial trade in a user-specified direction. Reopens a trade in the same direction with the same lot size and target if the previous trade closes in profit. Opens a hedge trade in the opposite direction with the same lot size and target, plus an additional trade in the opposite
The Koncorde Plus Indicator is a sophisticated and versatile technical analysis tool for MetaTrader 5 (MT5), meticulously converted and enhanced from the acclaimed Koncorde [+] indicator on TradingView. Optimized for Forex volume analysis while preserving the original algorithm for all volume-based markets, it integrates six core components—four trend-based (RSI, MFI, Bollinger Bands, Stochastic) and two volume-based (Positive Volume Index (PVI) and Negative Volume Index (NVI))—to deliver a comp
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