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Harmonic Patterns Detector

30 USD

Demo downloaded: 67

Published: 18 January 2021

Current version: 1.2

Harmonic Patterns Detector

Indicators
Zakri Bin Othman
Version: 1.2
Updated: 21 November 2022
Activations: 5

Leave a review for this product, and receive another "Free" product that you choose.

You can see my other products here:

https://www.mql5.com/en/users/zakri/seller

Harmonic Patterns Detector indicator draws harmonic patterns on chart.

Harmonic patterns have a high hit-rate of around 80% and are excellent for trade entries.

They are used as price reversal points.

Some of them have a long history of usage and were created by famous traders like H. M. Gartley.

Many harmonic patterns are included in this indicator.

The patterns include:

AB=CD
Perfect AB=CD
Reciprocal AB=CD
Three Drives
5-0
Gartley
Perfect Gartley
Anti Gartley
Bat
Perfect Bat
Alternate Bat
Anti Bat
Butterfly
Perfect Butterfly
Anti Butterfly
Crab
Perfect Crab
Deep Crab
Anti Crab
White Swan
Black Swan
Nen Start
Anti Nen Star
Shark
Alternate Shark
Anti Shark
Anti Alternate Shark
Cypher
Anti Cypher

Indicator Parameters

Pattern Size: - You can choose to show smaller/medium/big patterns on chart.

Small
Medium
Big

Pattern Selection:

Pattern - You can choose the pattern type you want to be drawn on chart.

Manual Settings:

AB Leg Minimum - Minimum Fibonacci retracement of XA leg which produces AB leg.
AB Leg Maximum - Maximum Fibonacci retracement of XA leg which produces AB leg.
BC Leg Minimum - Minimum Fibonacci retracement of AB leg which produces BC leg.
BC Leg Maximum - Maximum Fibonacci retracement of AB leg which produces BC leg.
CD Leg Minimum - Minimum Fibonacci retracement of BC leg which produces CD leg.
CD Leg Maximum - Maximum Fibonacci retracement of BC leg which produces CD leg.
AD Leg Minimum - Minimum Fibonacci retracement of XA leg which produces AD leg.
AD Leg Maximum - Maximum Fibonacci retracement of XA leg which produces AD leg.

There are some options for changing visual appearance of the indicator.

Also you can enable different Alerts for new patterns shown on chart.

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Ehsan Jigal 2021.02.23 13:35 #

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Version 1.2 2022.11.21

Added Timeframe to Alerts.

Version 1.1 2022.11.20

Max Bars Limit Added.