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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.

Comentarios 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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TPA True Price Action MT4 Indicator
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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
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Tuan Anh Dao
⭐⭐⭐  WARRANTY POWERFULL  ⭐⭐⭐ The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 2,3 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You can entry current or new candle Arrows are not re-painted Trade sessions: US section Currency pairs: Any Working time frame: M1 Expiration time: 2,3,4,5 (depend on pair) With auto trading with Bot, buffer 1: call, buffer 0 :
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Pro Currency Strength Meter
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Tuan Anh Dao
⭐⭐⭐    ------ GOOD LUCK   -----   ⭐⭐⭐ (Telegram: @MagicBinary) The indicator allows you to trade binary options. T his indicator give high winning ratio with over 20 years of backtesting  The recommended time frame is М1 and the expiration time is 3, 5 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You can entry current candle /intrabar or can wait until candle close Arrows are not re-painted Trade sessions: Any/ Re
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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 

El usuario no ha dejado ningún comentario para su valoración

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 

El usuario no ha dejado ningún comentario para su valoración

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.

Respuesta al comentario
Versión 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
Versión 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
Versión 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.
Versión 3.0 2016.10.18
* Ghost patterns issue resolved
* Pattern and accuracy label optimized
* User patterns from .csv file
* iCustom buffers introduced
Versión 2.700 2015.10.26
* Dragon pattern
* Issue with repainting patterns resolved
* New user setting 'Maximum Number of Bars to Look Back?', default 2000
Versión 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
Versión 2.500 2015.08.10
New patterns:
- Black Swan
- White Swan
- Shark
Versión 2.400 2015.06.05
Strategy Tester compliance.
Versión 2.300 2015.03.24
- Added control panel
- Optimized accuracy
Versión 2.200 2014.12.12
- Fixed issue with updating on smaller timeframes.
Versión 2.100 2014.12.02
- Alerts; Screen, Email & Push.
- Color Palettes: Pick 'Dark' or 'Light' background.
Versión 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
Versión 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