Harmonic Patterns Indicator

Harmonic Patterns 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

ZigZag Indicator Parameters:

• Depth
• Deviation
• Backstep

Pattern Selection:

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

Manual Settings:

• AB_Min - Minimum Fibonacci retracement of XA leg which produces AB leg.
• AB_Max - Maximum Fibonacci retracement of XA leg which produces AB leg.
• BC_Min - Minimum Fibonacci retracement of AB leg which produces BC leg.
• BC_Max - Maximum Fibonacci retracement of AB leg which produces BC leg.
• CD_Min - Minimum Fibonacci retracement of BC leg which produces CD leg.
• CD_Max - Maximum Fibonacci retracement of BC leg which produces CD leg.
• AD_Min - Minimum Fibonacci retracement of XA leg which produces AD leg.
• AD_Max - Maximum Fibonacci retracement of XA leg which produces AD leg.

Number of Bars:

• Max_Bars - Number of bars in chart to check for patterns.