Take advantage of our Free Harmonic Patterns Indicator for MetaTrader 4/5 platforms.
Free Harmonic Patterns is an indicator which displays up to 7 types of patterns (ABCD, bat, butterfly, gartley, shark, crab and deep crab) detected on higher timeframe charts (H1-D1). The ABCD (or AB=CD) pattern is composed of three movements and four points. The BAT pattern has one leg more than the ABCD pattern, and one extra point (X). The Gartley pattern has two key rules. The butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. The Crab follows an X-A, A-B, B-C and C-D pattern. GOLD Deep Pattern this is a slightly different version of the Crab pattern. The the shark pattern has some similarities with the crab patterns. Each pattern might be turned on/off on the panel on the chart and all visual elements might be changed in the indicator settings. The user can set (in the settings of the indicator) initial activation of pattern detection, colors for displayed patterns and visible text, type of alerts (Pop-up window, email) send by the indicator and maximum number of bars in which patterns are detected. The location of the panel on the chart can be set in the parameters. Indicator is working only on H1, H4 and Daily chart. This indicator can be launched instantly on the MetaTrader 4 and MetaTrader 5 platforms. The installation process is very simple, and you can use the indicator completely for free!