Bat Harmonic Dashboard MT5
- Indicators
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Kestutis Balciunas
With over 16 years of active experience in financial markets, I specialize in developing high-performance forex trading strategies, technical indicators, and automated Expert Advisors for MT4/MT5. My work spans precision-engineered trading systems designed for accuracy, consistency, and real-world - Version: 2.0
- Activations: 10
I built the Forex Bat Harmonic Dashboard because manually finding precise Bat patterns across multiple pairs and timeframes was taking hours — and I was still missing setups constantly.
This is a professional multi-symbol, multi-timeframe scanner that automatically detects Bat harmonic patterns across your entire watchlist using strict Fibonacci ratio validation, with the critical 88.6% XAD retracement that defines true Bats. It runs continuously in the background and displays every confirmed pattern in one clean, organized dashboard.
Every signal is confirmed on a closed bar with proper right-side confirmation (PivotRight = 5 default). Once a Bat pattern appears on the dashboard, it will never disappear or change.
See more MT4 version at: Bat Harmonic Dashboard MT4
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What Makes the Bat Pattern Unique?
The Bat pattern, discovered by Scott Carney, is a 5-point XABCD harmonic structure where Point D retraces exactly 88.6% of XA — deeper than Gartley's 78.6%. This deeper retracement gives you superior entries closer to the reversal zone while keeping stops tight beyond Point X.
Bullish Bat — Pattern: X High → A Low → B High → C Low → D (88.6% XA retracement). Price may reverse upward at D, staying above X.
Bearish Bat — Pattern: X Low → A High → B Low → C High → D (88.6% XA retracement). Price may reverse downward at D, staying below X.
My indicator validates every pattern against these precise Fibonacci criteria:
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XAB Retracement: 38.2% - 50% of XA (tighter than Gartley's 61.8%)
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ABC Retracement: 38.2% - 88.6% of AB
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BCD Extension: 161.8% - 261.8% of BC
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XAD Retracement: 88.6% of XA (KEY Bat characteristic)
Only patterns meeting all four criteria appear on the dashboard. No approximations, no false Bats.
How It Works
Step 1 — Add to any chart
Drop the indicator on any chart. Enter your symbols and enable preferred timeframes. Default settings work immediately.
Step 2 — Automatic scanning
I continuously scan all selected symbols across enabled timeframes using swing pivot detection and full Fibonacci validation including the critical 88.6% XAD check.
Step 3 — Pattern confirmed
When a true Bat completes at Point D on a confirmed closed candle (with PivotRight=5 confirmation), I add it to the dashboard and send your chosen alert.
Step 4 — Instant analysis
Click any dashboard row to jump to that symbol/timeframe. I draw the complete XABCD structure with yellow-filled triangles and clear X,A,B,C,D labels.
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Dashboard Display
Each confirmed Bat shows:
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Symbol — trading instrument
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Timeframe — detection timeframe
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Direction — Bullish/Bearish at Point D
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Pattern Age — bars since confirmation
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Chart — one-click to signal location
Key Features
Multi-symbol scanning — Monitor up to 20 instruments simultaneously (forex, gold, indices, crypto)
Full timeframe coverage — M1 through Monthly, all scanned together
True 88.6% XAD validation — Only genuine Bats with precise D retracement (deeper than Gartley)
Non-repainting confirmation — Signals require PivotRight=5 closed bar confirmation
Complete XABCD visualization — Yellow triangles + X,A,B,C,D labels on charts
Real-time alerts — Popup, sound, email, mobile push notifications
One-click navigation — Instant chart access to any signal
Active signal filter — Show only confirmed Bats, newest first
Full customization — All Fibonacci ratios, tolerances, colors, pivot sensitivity adjustable
Input Parameters
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Symbols List — Comma-separated symbols (up to 20)
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Timeframes — Enable/disable M1-Monthly individually
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XAB Min/Max — XA retracement range (default 38.2%-50%)
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ABC Min/Max — AB retracement range (default 38.2%-88.6%)
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BCD Min/Max — BC extension range (default 161.8%-261.8%)
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XAD Ratio — Critical Bat retracement (default 88.6%)
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PivotLeft/PivotRight — Swing detection sensitivity (default 5/5)
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Alert on Current Bar — False prevents repainting
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All alert types — Popup/sound/email/push fully configurable
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Visual settings — Colors, labels, dashboard position
Bat vs Other Harmonics
Bat's advantages:
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Deeper 88.6% XAD vs Gartley 78.6% = better entries
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Tighter XAB (38.2-50%) vs Gartley 61.8% = more precise
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D stays within X bounds = tight stops beyond X
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Scott Carney validated = battle-tested harmonic structure
Who This Is For
Multi-symbol traders — One dashboard replaces manual chart scanning
Part-time traders — Mobile alerts catch Bats while you're away
Harmonic specialists — Precision 88.6% validation finds true Bats
System builders — Non-repainting signals for strategy development
Gartley/Butterfly traders — Add Bat's superior entries to your arsenal
Frequently Asked Questions
Does it repaint?
No with default settings (PivotRight=5, Alert on Current Bar=false). Patterns require 5 closed bars after D for confirmation. Signals never change once displayed.
Bat vs Gartley difference?
Bat uses 88.6% XAD retracement (deeper entry) vs Gartley's 78.6%. Bat's XAB is tighter (38.2-50% vs 61.8%). Both keep D within X bounds.
What symbols work?
Any MetaTrader symbol — forex pairs, XAUUSD, indices (US30, NAS100), crypto, commodities.
Why fewer signals than indicators?
True Bats require exact 88.6% XAD + 3 other ratios. Quality over quantity — every signal is mathematically validated.
Customizable Fib ratios?
Yes — all ranges adjustable. Defaults follow Scott Carney's original Bat specification.
Mobile alerts setup?
Enable Push Alerts + configure MetaQuotes ID. Full instructions included.
Signal Frequency Note
True Bats with precise 88.6% XAD are rarer than simpler patterns due to multiple Fibonacci requirements. Higher timeframes (H4+) show fewer but larger structures. Lower timeframes (M15-H1) generate more frequent signals. More symbols/timeframes = more total Bats displayed.
Complete User Guide & Trading Manual