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Monster Harmonic Indicator

Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone).

Users can add their own user defined patterns to Monster.

Besides the current pattern, Monster also shows all patterns in the symbols history.

Monster will provide alerts for developing patterns.

Introduced by H.M. Gartley and popularized by Scott M. Carney, harmonic patterns are one of the best instruments in the traders' toolkit. While the underlying Fibonacci projections and ratios are fairly complex, this indicator makes detection and discovery of the harmonics patterns easy. Monster gives you the right tool to become a better Harmonics trader.


Monster's default settings are good enough most of the time. Feel free to fine tune them to your needs.

  • Show only current patterns? - set to true to detect current patterns only
  • Show Pattern Projections? - show/hide projected patterns.
  • Show Invalidated Patterns? - show/hide invalidated patterns.
  • Minimum Accuracy Percent - minimum accuracy percentage for pattern recognition.
  • Price Must Touch All Minimum Ratios - set to true to force Monster to touch all minimum ratios, set this if you want the price to touch all minimum ratios and provide even better patterns.
  • Show 'PatternName' Patterns? - show/hide specific pattern.
  • Show Pattern Label? - set to true to show the pattern label in the chart.
  • Show Pattern Accuracy? - set to true to show the pattern accuracy in the chart.
  • Show Ratio Labels and Lines? - set to true to show the ratios of the pattern in the chart..
  • Show Initialization User Patterns? - set to true to show the results of the initialization of the user patterns in the Experts tab.
  • Show Fibonacci Projections in PRZ? - show/hide Fibonacci projections in PRZ.
  • Show Perfect Ratio Levels? - show/hide perfect Fibonacci projections in different color.
  • Show Risk/Reward in PRZ? - show/hide risk/reward PRZ.
  • Show Alerts? - enable/disable all alerts.
  • Alert Projected Patterns? - enable/disable alerts for projected patterns.
  • Show Screen Alerts? - show/hide screen alerts.
  • Email Alerts? - set to true to email alerts.
  • Push Alert Notifications? - set to true to push alerts.
  • Color Palette - choose a color palette for a 'Dark' or 'Light' background.
  • colo(u)rs - you know what to do.
  • Zigzag parameters - set ZigZag parameters.
The Potential Reversal Zone (PRZ) is split in a Risk and Reward part. The Reward part of the PRZ is the price of the D point of the pattern to the 0.382 Fibonacci retracement from the C or A point (whichever is higher or lower).

User Patterns

Users can add their own patterns to Monster. Just modify the Monster_UserPatterns.csv to include your patterns. The.csv file can be found in the files folder of the User Data Directory. A sample pattern is already included in the file.

Free Demo

Monster will work in the Strategy Tester. It is best tested in Visual Mode as you can see the detected patterns in the display. Try EURUSD on H1 starting January 1, 2017.


Monster publishes the current pattern through the iCustom() function. See the sample code at the comment #273 (page 14) of the Comments section.

Loose Ends

Monster will only repaint the last point of the pattern (the D point) to its definition, it follows price.

Full Description

Read this blog post for more information on Monster.

Reviews 34
Doyrun 2021.02.01 16:13 

Very helpful for backtesting!

alexuka 2020.04.27 18:11 

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

serogen 2018.09.20 12:55 

just the best for harmonic patterns! (y)

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Price Action Triggers indicator uses the purest form of data available in the market (price action) to determine the entry triggers. The signals are formed by observing the shape, positioning and relative size of the candles. The triggers will appear once either a single or a multi candle setup is detected. It is important to note that the triggers will not observe the broader direction of the market (market sentiment). Thus the indicator should not be used as a stand-alone trading system. The P
85 USD
BiB Channel
Siarhei Baranouski
The main objective of the indicator is an accurate forecast of short-term trends. A rising channel is usually broken downwards and replaced with a falling one when confirmed by tick volumes, while a falling one is usually broken upwards and replaced with a rising one again when confirmed by tick volumes. Sometimes, upward and downward channels are replaced with flats. A channel width and duration are defined by the market situation and market phase (bullish or bearish). In our case, tick volumes
99 USD
Candle Power Pro
Thushara Dissanayake
The Candle Power Pro is a real volume data grabbing indicator. It grabs total volume information of candles and display to identify the battle between buyers and sellers as a percentage of the total volume like, Sellers: 10% - Buyers: 90% . This information can be used for any trading strategy. In additionally 5 other volume based indicators are available.   3 Ways to Improve a Strategy Using Real Volume Information. Using buyers and sellers volume to confirm breakouts. Using buyers and seller
99 USD
Volume Confirm Trend Zone
Suriya Thammalungka
Volume Confirm Trend Zone is the indicator for filtering sideways and confirm trend to help your system trading. Indicator can use every currency pairs, every time frame, and every broker. You can see trend zone when color to change in volume indicator. Features When the color changes to the blue: Buy Zone is a strong trend. When the color changes to the red: Sell Zone is a strong trend.
89 USD
Shepherd Harmonic Pattern
Abdullah Alrai
This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: https://www.mql5.com/en/blogs/post/719257 There is a free version to try this product. You can use it to detect Gartley and Nenstar patterns: https://www.mql5.com/en/market/product/30181 Notes Indicator has control panel and it will save every (chart & timeframe) settings. You can minimize it to have more space on chart and you can press close button
100 USD
MACD Currency Meter
Emir Revolledo
telegram link : https://t.me/joinchat/RTSgzlmYXyj7_8oP WELCOME to the very new algorithm in the market which you have never seen before.  MACD Currency Strength Meter: 2 indicators in 1! MACD Currency Meter : A MACD indicator with the power of Currency Strength Meter.  MACD  - a indicator which is good to know the momentum of a Pair Currency Strength Meter is used for tracing market trends..  If you are a fan of MACD and Currency Strength Meter, this indicator is the one for you. MACD-CSM is s
120 USD
More from author
Engulfing Bars
Paul Geirnaerdt
The Engulfing Bars indicator shows Engulfing Bars, the signal and the suggested stoploss and take profit. Engulfing Bars are an important price action pattern. The price action of an Engulfing Bar completely covers the price action of the previous bar. Engulfing Bars are most often used on higher timeframes. Settings Engulfing Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. Show Engulfing Bars - Set to true to show Engulfing Bars. Body size pe
30 USD
Better Support Resistance
Paul Geirnaerdt
Better Support & Resistance shows the best support and resistance lines and zones. It is based on Fractals with the factor of your choice. All fractals are assembled, weighted, extended and merged into a clear set of support and resistance lines. The immediate nearby lines are shown as zones when price is in that zone. Better Support & Resistance gives you the best overview of the important price levels. Settings Better Support & Resistance's default settings are good enough most of the time.
30 USD
TMA Currency Meter
Paul Geirnaerdt
TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
59 USD
Divergence Dash
Paul Geirnaerdt
Diverence Dash is a MACD, RSI, OBV, Momentum, Stochastic or Standard Deviaviation Divergence Dashboard. It will scan all symbols and timeframes you want. Also, Divergence Dash can open charts with the divergence found using the template of your choice. Divergences are often used as a leading indicator and, by using Divergence Dash, are easy to spot. The risk/reward ratio in divergence trading is very low. What can Divergence Dash for you: Find MACD, RSI, OBV, Momentum, Stochastic or Standard Dev
59 USD
Paul Geirnaerdt
Fractalicious shows Fractals of any length, higher or lower highs and lower of higher lows, the fractal channel and the breakout of the channel. Fractals are an important trend and price action pattern. Fractalicious can be used on any timeframe and symbol. Settings Fractalicious default settings are good enough most of the time. Feel free to fine tune them to your needs. Show last fractal - Set to true to show fractals from the last completed bar. (This could move the fractal if the current b
30 USD
MonsterDash Harmonic Indicator
Paul Geirnaerdt
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
139 USD
Paul Geirnaerdt
Riskscope shows all relevant information about your trades on screen. Information on Stop Loss and Take Profit can be shown as price, pips or exposure. Besides, Riskscope can display a high- and low-watermark of the total of your basket of trades. Settings Riskscope's default settings are good enough most of the time. Nearly all of them are fairly standard. Here are the ones that need some explanation. Monospaced font - set this to the (name of) the font you want to use. A monospaced font looks
13 USD
Paul Geirnaerdt
Pivots is an indicator to show pivots for relevant time frames. Besides the pivots the indicator can also show daly open line, the resistance and support levels, the ADR Fibonacci levels and the order of the pivots. Pivots includes an intelligent algorithm to eliminate Sunday candles, but only if your broker provides those. Pivots are significant price levels that may serve as support, resistance or breakout levels Settings textFont - font to use for the labels. textSize - font size. textColor -
29 USD
Inside Bars
Paul Geirnaerdt
The Inside Bars indicator shows Inside Bars, the Breakout Zone and Breakouts thereof. Inside Bars are an important price action pattern. The price action of an Inside Bar is completely covered by the price action of the previous bar. Inside Bars are most often used on higher timeframes. Settings Inside Bars default settings are good enough most of the time. Feel free to fine tune them to your needs. ATR factor to skip large candles - very large candles should be filtered as they often cover othe
30 USD
Candle Patterns
Paul Geirnaerdt
The Candle Patterns indicator shows popular candle patterns on the chart. The possible patterns are Inside Bar, Large Wick, Engulfing, Marubozu, Hammer, Shooting Star, Three White Soldiers and Three Black Crows. Candles are colored to easily identify the patterns. Also, a point and click function displays the pattern found. Settings Message box - when a candle is clicked, the pattern identified will be shown in a Message Box on the charts. All 'Message Box' settings pertain to the box. Show In
30 USD
Flying Volume
Paul Geirnaerdt
The Flying Volume indicator is a specialized volume indicator. It deciphers the volume data after heavy proprietary number crunching. When a main signal is found Flying Volume will look for possible continuation points. The main signal is shown by arrows, the continuation points by dots. Volume indicators are most often used on higher timeframes. Features Main Buy or Sell signals Continuation signals No repainting One signal per bar Settings Flying Volume default settings are good enough mos
30 USD
Breakout Hero
Paul Geirnaerdt
Breakout Hero is a Multi Symbol , Auto Timeframe , Breakout Expert Advisor . It recognizes breakout patterns and will set pending trades. When triggered Breakout Hero will monitor trades and adjust the stop loss. Breakout Hero is a multi symbol EA, it will trade EURUSD, GBPUSD, USDJPY and USDCAD. Also, Breakout Hero is auto timeframe. Just drop Breakout Hero on any chart and start trading. Only one chart is needed, Breakout Hero will trade the symbols you pick from the settings. You can monitor
99 USD
Dark Rider
Paul Geirnaerdt
Dark Rider  is a Night Scalper Expert Advisor . It recognizes overbought and oversold conditions in the hours after close of the New York Exchange and trades accordingly. Dark Rider features an on screen monitor and settings panel on which you can monitor your status and progress.  A signal for Dark Rider can be found here . New in version 1.5 The option 'Stay in trending trades' is new for version 1.5. It will keep you in trending trades. Profitability has been increased while drawdown has be
149 USD
Fusion Trader
Paul Geirnaerdt
Fusion Trader   is a   Multi Symbol ,   Auto Timeframe ,   Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader is a multi symbol EA, For now, it will trade EURUSD, GBPUSD, GBPJPY and EURGBP. Also, Fusion Trader is auto timeframe. Just drop the EA on any chart and start trading. Only one chart is needed, Fusion Trader will trade the symbols you pick from the settings. You can monitor your p
79 USD
MonsterDash Harmonic Indicator MT5
Paul Geirnaerdt
MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for th
169 USD
faithdefender 2021.01.14 21:21 

If you have read my reviews, I am consistent with my evaluations. Quality and price! Does the indicator work and is the price commensurate with the quality? This harmonic indicator does, in deed, work. Does it find everything? No. But I own four others and this, for the price and the quality, is one of the better ones that I own. And it permits you to add your own "user defined patterns" which the vendor helped me out with. I will use it for a couple of months and if I make money, I will return with another star. I would like to see Paul address the recommendations above from OFFSHOREX7. 2-12-21 update; I have been unsatisfied with the system I put together. This system has caused me to lose money. I purchased both the Monster Dash and the Monster Harmonic. It appears, after a couple of months of use, the scanner cannot be trusted since it repaints the D point continuously. I think the price is ok for the Monster (if you pay the sale price) but again, it was done as a system and since the two do not work in harmony there is no use in depending upon using the pattern if the scanner is not accurate. The Monster does create patterns. The vendor has not reached out.

Doyrun 2021.02.01 16:13 

Very helpful for backtesting!

lns777 2020.12.25 01:33 

This indicator has good accuracy, but needs to be combined with an effective strategy and discipline to make it profitable.

Nicolas Dobrovsky
Nicolas Dobrovsky 2020.11.23 08:41 

I test this indicator along with divergence. Unfortunately, I have only a 50% success rate.

alexuka 2020.04.27 18:11 

i got this indicator and i tried it for 3 months. this indicator is the best ever. i strongly recommend this indicator. thanks paul for been the best GOD BLESS

Nicola Furini
Nicola Furini 2019.05.12 18:20 

User didn't leave any comment to the rating

palmesop 2019.03.06 21:24 

I just purchased this indicator today. I'm experienced with harmonic patterns, I will update review 30 days from now to share progress.

ksanaga 2018.10.02 01:31 

I just purchased this indicator but I am having difficulty installing it on the MT4. When I click on the link "Install on the terminal" in MQL5.com, nothing happens. I verified that the one month subscription (Rented until November 1st)" is available. Can someone share the link to this indicator so I can install the old fashion way? (zip file or download button)?


Thanks for enabling this software in my first MT4. I would like to add it to a second MT4 and would like to ask for your help again. As before, click on "Install on the terminal" does not work unless you push down to my terminal session (next to trading).

serogen 2018.09.20 12:55 

just the best for harmonic patterns! (y)

sunflower007 2018.08.26 14:07 

Is the ratio of balance to stop loss 1:1.5?

Is the software setting the most conservative percentage?

offshorex7 2018.08.19 01:19 

best pattern indicator. and it will be the greatest if only we can see a pourcentage ratio board of validated pattern/failed pattern on the chart to let the user choose the best setting and the best timeframe... maybe on weekly chart pattern are 100% validated but we cannot know because there is no past history for failed pattern... so it will be a great helps if!!. And also add the "completion max price" level of each pattern on the chart it will help for "the stop loss set up" :) thanks for you patience sir Paul :) i hope we will see these two revolution on the next update!!! you the man! 5 stars here!

Peterson Ndugga
Peterson Ndugga 2017.10.13 03:29 

Software is a scam/gabbage.

Cristian Eriksson
Cristian Eriksson 2017.09.05 18:08 

After all the updates removing the clutter, I can finally say that this is an excellent product. But beginners don't get your hopes too high, you'll stil need to lern to trade these formations manually to make full use of this indicator. But lerning theses things manually and where to find them is an amazing skill that you'll never regret.

Remco De Lil
Remco De Lil 2017.08.23 20:26 

User didn't leave any comment to the rating

RHarmonic 2017.08.04 20:32 


ibdejesus 2017.07.21 11:36 

Great indicator for finding patterns! A word of caution though that seeing a pattern doesn't mean you should trade it.

CM Financial Trading Holdings Ltd
Daniel Sesay 2017.07.01 15:57 

Pretty good so far. Harmonics is what it is, this just takes the load of plotting on each chart. The theory stands up relative,not a holy grail there is lots of stuff out there, no matter what anyone does people will lose money as emotions take over. I am pleased with this, great coding!

Jose Saul Martinez
Jose Saul Martinez 2017.06.27 20:05 

I have download it I rent it for 1 month first day of work is doing what it says on description...

I will write a second review before the end of my rent period.


zufferey 2017.06.12 10:52 

Great indicator! Thanks a lot! five stars!

Berk Turker
Berk Turker 2017.02.11 12:54 

Excellent indicator, very helpful

pnutfx503 2017.02.10 23:24 

Does everything that it's supposed to do very good. Use it right and it's free.

pluginfx 2017.01.27 04:53 

use with AO Indicator to confirm is so good.

Nikolay Granadskiy
Nikolay Granadskiy 2017.01.13 11:35 

Хороший индикатор. Если правильно применить настройка и соблюдать риски, то прибыль будет безусловно.

Новичкам не подойдет. Нужен опыт торговли и своя торговая стратегия.

Qingshan Li
Qingshan Li 2016.09.05 22:18 

this is a great indicator, I rent for month to test first and looking for discount to get this indicator. THanks Paul for your hard work .

Gursimran Singh Bharaj
Gursimran Singh Bharaj 2016.07.21 06:06 

it is an excellent indicator for trading harmonic patterns. but before buying i request all of you to know and read about harmonic patterns. it is not a holy grail but a tool that can be used in your arsenal. overall a very good product.

darktideac2 2016.04.08 11:18 

Best harmonics indicator I have seen so far!

et6688 2016.02.27 02:02 

High quality indicator, provides all the key metrics for harmonic trading with flexible settings. Paul's support is very good, and he is continuously improving and developing his products which is very pleasing to see.

Thank you Paul!

zielbin 2016.01.12 16:21 

Great value indicator. It shows all patterns as it should. A lot of parameters can be customize. Nice visibility, all pattern values, TP, SL, variant targets are shown on the chart. Very good contact and help from author. Thanks

Svenson 2015.10.04 23:01 

this is one of the best Harmonic Pattern Indicator out there I've ever use. For real.

202033 2015.09.04 17:27 

I am renting this for a month because I am new to harmonic patterns (although love using my fib tool). I am extremely impressed! The projected patterns have been accurate as have the actual pattern SL and TP levels. Currently testing it on demo on forex and commodities, it has worked on both. If the rest of the month carries on with this level of success I will definitely buy this indicator. Highly recommended.

Olivier Nomblot
Olivier Nomblot 2015.07.19 11:59 

Good Indicator clearly sits on my charts normal and more importantly Renko . It is a nice visual compliment to my EA . Highly recommended. Cant wait for the new patterns !

aussiedoc 2015.06.24 03:15 

Paul, thanks very much for this great indicator. I use it to trade daily from both my desktop or laptop when I travel. Cheers Doc

Hanfei Zhu
Hanfei Zhu 2015.03.07 15:05 

Lovely interface -- clean and easy.

Looking forward to using this. Thanks for your wonderful work.

hamed raji
hamed raji 2015.02.26 11:38 

Very usefull indicator.

Reply to review
Version 3.3 2018.07.24
* Optimized code to correct use on templates
* Removed Control Panel
* Added Alt Bat, Deep Crab, 3 Drives & 5-0 patterns
* Alerts for projected patterns
* Setting to detect only current patterns
* Alerts for patterns that change into other patterns
Version 3.2 2017.08.10
* Minor code optimalization
* Delete obsolete Monster objects on initialization
* Added user setting to show or hide ratio lines and labels
Version 3.1 2017.04.14
* Ghost patterns now (finally) resolved
* Monster will show invalidated patterns on forward backtesting or use.
* User patterns can be easily recognized by the '*' added to the name.
Version 3.0 2016.10.18
* Ghost patterns issue resolved
* Pattern and accuracy label optimized
* User patterns from .csv file
* iCustom buffers introduced
Version 2.700 2015.10.26
* Dragon pattern
* Issue with repainting patterns resolved
* New user setting 'Maximum Number of Bars to Look Back?', default 2000
Version 2.600 2015.09.16
Monster Harmonics v.2.6
* Issue with overlapping triangles resolved
* Minor bug in Cypher PRZ resolved
* Optimized function Period() to PeriodSeconds()
* Improved object naming
Version 2.500 2015.08.10
New patterns:
- Black Swan
- White Swan
- Shark
Version 2.400 2015.06.05
Strategy Tester compliance.
Version 2.300 2015.03.24
- Added control panel
- Optimized accuracy
Version 2.200 2014.12.12
- Fixed issue with updating on smaller timeframes.
Version 2.100 2014.12.02
- Alerts; Screen, Email & Push.
- Color Palettes: Pick 'Dark' or 'Light' background.
Version 2.0 2014.10.31
This is a major upgrade.

* Monster now shows current as well as past patterns
* Optimized code
* Advanced caching
* Improved performance
Version 1.1 2014.10.21
* Optimized code
* Added color parameter for pattern label
* Changed PRZ ratio label position
* Added label when no patterns are found