Name: Best Harmonic Pattern Finder Indicator - Free Download
SKU: 35738
Availability: InStock

HomeMT5IndicatorsBest Harmonic Pattern Finder Indicator – Free Download

Best Harmonic Pattern Finder Indicator – Free Download

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The Harmonic Pattern Finder Indicator acts as your go-to tool for understanding the market better. It looks at up to 300 bars for each pattern and checks a history of 1000 bars. This indicator uses ATR and ZZ indicators to find and draw more than 40 different patterns. The patterns are color-coded, making it easy to see if it’s a bullish or bearish trend. This indicator covers both bullish and bearish versions of each pattern, giving traders a complete view for smarter decision-making. Keep up with the market trends and improve your trading strategy with the Harmonic Pattern Finder Indicator.

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Description

The Best Harmonic Pattern Finder Indicator is a tool for financial markets that helps traders identify potential turning points in price movements. These parameters, such as ATR ZZ ATR multiplier and ATR ZZ ATR period, allow traders to fine-tune the tool to their specific needs. The ATR ZigZag features, including ATR ZZ max period and ATR ZZ min period, provide flexibility in defining the zigzag pattern. Imagine it as a helpful guide for people who buy and sell stocks, currencies, or other financial assets. This indicator looks for specific patterns in price charts, like butterflies, crabs, or bats (only patterns in numbers). These patterns suggest that the price might change direction soon.

It’s like having a map that shows you where the hidden treasures or challenges might be in the market. Traders use this indicator to make more informed decisions, hoping to buy low and sell high. It’s like having a friend who points out interesting things in a big maze, helping you find your way to success in the world of trading.

Pattern Identification:

To refine pattern identification, the tool introduces parameters such as Max. shared points per pattern, Max. slack for fib ratios (range), and Max. slack for fib ratios (unary). These parameters assist in setting criteria for pattern recognition and optimizing the accuracy of identified patterns.

Harmonic patterns are powerful candlestick patterns that make it easier for you to find the trend. This indicator is way better than the built-in indicators like RSI, Bollinger Bands, Moving Averages, and MACD as these indicators are already based on candlestick patterns. So, the harmonic candlestick pattern indicator is always considered a powerful indicator for Japanese candlesticks.

Understanding Harmonic Pattern Finder Indicator:

Harmonic Pattern Finder Indicator uses smart algorithms to find more than 40 patterns, like butterflies and bats, on price charts. What’s great about it is that it’s easy to use. The Harmonic Pattern Finder Indicator uses the Average True Range (ATR) and ZigZag (ZZ) indicators to check price movements. Furthermore, it looks at up to 300 bars for each pattern and studies a history of 1000 bars. Also, the tool gives traders instant alerts about possible harmonic patterns, helping them make quick decisions based on current market situations.

When using the Harmonic Pattern Finder Indicator, here are simple tips for traders. For buying, enter when a positive pattern is done at point D, set a Take Profit (TP) at point C, and use a Stop Loss (SL) based on a set risk to reward ratio. For selling, start at point D for a negative pattern, set SL at point C, and adjust TP based on risk. Moreover, the indicator helps in managing risk by showing potential reward to risk ratios, helping traders decide the right position size for safety. Basically, the Harmonic Pattern Finder Indicator is a useful tool that recognizes patterns, can be customized, and gives real time alerts to help traders feel more confident in the financial markets.

Advantages of Harmonic Pattern Finder Indicator

The Harmonic Pattern Finder Indicator comes with several advantages that make it a valuable indicator for traders in financial markets. Here are some of the key advantages:

Pattern Recognition

The indicator utilizes advanced algorithms to recognize over 40 different harmonic patterns, including butterflies, crabs, bats, and more. Traders can benefit from the precise identification of these patterns, which can signal potential trend reversals or continuation points.

Accuracy

The indicator is designed to provide accurate identification of harmonic patterns, contributing to reliable signals in the market. This accuracy can assist traders in making more informed decisions and improving the overall effectiveness of their trading strategies.

Customization

Traders have the flexibility to customize the indicator according to their preferences and trading strategies. Adjustable settings, such as ATR ZZ multiplier, period and other parameters, allow traders to fine-tune tool to meet specific needs.

Real time Alerts

The indicator offers real-time alerts, notifying traders when a potential harmonic pattern is forming. This feature enables traders to stay updated on market conditions and take prompt action, enhancing their ability to capitalize on emerging opportunities.

User-Friendly Interface

The indicator comes with a user-friendly interface, making it accessible to traders with varying levels of technical expertise. Easy interpretation of information helps traders quickly understand and apply the insights provided by the indicator.

How to Trade with Harmonic Pattern Finder Indicator?

You can use this 4xPip harmonic pattern finder indicator to open the buy and sell trades as long as the pattern has been completed. For example, in the bullish pattern, you can open the buy trade at the D leg while the TP will be at the C leg, and for SL, you can use the risk-to-reward ratio.

On the other hand, to open a sell trade, open the trade at the D leg of the bearish pattern, the Sl will be at the C leg and the TP will be according to the risk-to-reward ratio.

Features:

4xPip Harmonic Pattern Finder Indicator has several features, making it valuable tool for traders to analyze and navigate financial markets:

Pattern Recognition: It’s equipped with advanced algorithms to recognize specific harmonic patterns, including butterflies, crabs, bats in price charts.

Accuracy: It’s designed to provide accurate identification of harmonic patterns, helping traders make decisions based on reliable signals in market.

Customization: Traders can easily customize this indicator according to their preferences and trading strategies. This may include adjusting the sensitivity of the pattern recognition or selecting specific types of harmonic patterns to focus on.

Real-time Alerts: This indicator offers real-time alerts, notifying traders when a potential harmonic pattern is forming. This helps traders stay updated and act promptly in response to changing market conditions.

User-Friendly Interface: User-friendly interface makes it easy for traders, including those with limited expertise, to interpret information provided by indicator.

Risk Management Tools: This indicator includes risk management features, providing traders with insights into potential reward-to-risk ratios and helping them make more calculated trading decisions.

In short, the Best Harmonic Pattern Finder Indicator combines advanced pattern recognition with user-friendly features, real-time alerts, and customization options, providing traders with a comprehensive tool for effective market analysis and decision-making.

Conclusion

The Best Harmonic Pattern Finder Indicator is a helpful tool for traders. It recognizes over 40 patterns like butterflies and bats, giving accurate alerts in real-time. It’s easy to use for all traders, whether you’re new or experienced. Moreover, you can customize it and manage risks, making it a complete solution for analyzing markets and making decisions. In short, it boosts your ability to spot possible changes in prices and helps you navigate financial markets with confidence.

Settings

ATR ZZ atr multiplier: Multiplier for ATR ZigZag

ATR ZZ atr period: Period for ATR ZigZag

ATR ZZ max period: 10

ATR ZZ min period: 3

ATR ZZ realtime: True => Indicator will show ATR ZZ in real time. False => Indicator will not show ATR ZZ in real time

Max. bars per pattern: 300

Max. history bars to process: 1000

Max. shared points per pattern: 2

Max. slack for fib ratios (range): 0.05

Max. slack for fib ratios (unary): 0.1

Too early timezone: Adjust Too early timezone

Ideal timezone: Set your Ideal timezone

Too late timezone: Adjust Too late timezone

Filter patterns without fib ratios in PRZ: True => Will Filter patterns without fib ratios in PRZ. False => Will not Filter patterns without fib ratios in PRZ

Filter too early patterns: True => Will Filter too early patterns False => Will not Filter too early patterns

Filter too late patterns: True => Will Filter too late patterns False => Will not Filter too late patterns

Color for bullish patterns (5 points): Select any color

Color for bearish patterns (5 points): Select any color

Color for bullish patterns (4 points): Select any color

Color for bearish patterns (4 points): Select any color

Color for proj. bullish patterns (5P): Select any color

Color for proj. bearish patterns (5P): Select any color

Color for proj. bullish patterns (4P): Select any color

Color for proj. bearish patterns (4P): Select any color

Color for focused patterns: Select any color

Fill 5 point patterns found: True => Will Fill 5 point patterns found. False => Will not Fill 5 point patterns found

Show pattern descriptions: True => Will show Pattern description. False => Will not show Pattern description

Show emerging patterns: True => Will show emerging patterns. False => Will not show emerging patterns

Show past patterns: True => Will show past patterns. False => Will not show past patterns

Show “one-ahead” projections: True => Will Show “one-ahead” projections. False => Will not Show “one-ahead” projections

Draw projections bodies in soft color: True => Will Draw projections bodies in soft color. False => Will not Draw projections bodies in soft color.

Show comment box: True =>Will Show comment box. False => Will not Show comment box

Pattern line width: 2

Emerging patterns line width: 1

Focused patterns line width: 3

Font size: 8

Style for 5 points patterns: Select style either STYLE_DASH, STYLE_DASHDOT, STYLE_DASHDOTDOT, STYLE_DOT, or STYLE_SOLID

Style for 4 points patterns: Style

Style for projections: Style

Style for ratio lines: Style

Style for PRZ: Style

Display AB=CD patterns: True => Indicator will display AB=CD pattern. False => Indicator will Not display AB=CD pattern

Display 1.27 AB=CD patterns: True => Will Display 1.27 AB=CD patterns / False => Will not Display 1.27 AB=CD patterns

Display 1.61 AB=CD patterns: True => Will Display 1.61 AB=CD patterns / False => Will not Display 1.61 AB=CD patterns

Display Rec. AB=CD patterns: True => Will Display Rec. AB=CD patterns / False => Will not Display Rec. AB=CD patterns

Display Rec. 1.27 AB=CD patterns: True => Will Display Rec. 1.27 AB=CD patterns / False => Will not Display Rec. 1.27 AB=CD patterns

Display Rec. 1.61 AB=CD patterns: True => Will Display Rec. 1.61 AB=CD patterns / False => Will not Display Rec. 1.61 AB=CD patterns

Display normal 5-point patterns: True => Will Display normal 5-point patterns/ False => Will not Display normal 5-point patterns

Display anti-5-point patterns: True => Will Display normal anti-5-point patterns/ False => Will not Display normal anti-5-point patterns

Display Trendlike AB=CD #1: Will Display Trendlike AB=CD #1/ False => Will not Display Trendlike AB=CD #1

Display Trendlike AB=CD #2: Will Display Trendlike AB=CD #2/ False => Will not Display Trendlike AB=CD #2

Display Perfect AB=CD: Will Display Perfect AB=CD / False => Will not Display Perfect AB=CD

Display Ideal AB=CD #1: Will Display Ideal AB=CD #1/ False => Will not Display Ideal AB=CD #1

Display Ideal AB=CD #2: Will Display Ideal AB=CD #2/ False => Will not Display Ideal AB=CD #2

Display Rangelike AB=CD: Will Display Rangelike AB=CD / False => Will not Display Rangelike AB=CD

Display Trendlike 1.27 AB=CD #1: Will Display Trendlike 1.27 AB=CD #1/ False => Will not Display Trendlike 1.27 AB=CD #1

Display Trendlike 1.27 AB=CD #2: Will Display Trendlike 1.27 AB=CD #2/ False => Will not Display Trendlike 1.27 AB=CD #2

Display Perfect 1.27 AB=CD: Will Display Perfect 1.27 AB=CD / False => Will not Display Perfect 1.27 AB=CD

Display Ideal 1.27 AB=CD #1: Will Display Ideal 1.27 AB=CD #1/ False => Will not Display Ideal 1.27 AB=CD #1

Display Ideal 1.27 AB=CD #2: Will Display Ideal 1.27 AB=CD #2/ False => Will not Display Ideal 1.27 AB=CD #2

Display Rangelike 1.27 AB=CD: Will Display Rangelike 1.27 AB=CD / False => Will not Display Rangelike 1.27 AB=CD

Display Trendlike 1.61 AB=CD #1: Will Display Trendlike 1.61 AB=CD #1/ False => Will not Display Trendlike 1.61 AB=CD #1

Display Trendlike 1.61 AB=CD #2: Will Display Trendlike 1.61 AB=CD #2/ False => Will not Display Trendlike 1.61 AB=CD #2

Display Perfect 1.61 AB=CD: Will Display Perfect 1.61 AB=CD / False => Will not Display Perfect 1.61 AB=CD

Display Ideal 1.61 AB=CD #1: Will Display Ideal 1.61 AB=CD #1/ False => Will not Display Ideal 1.61 AB=CD #1

Display Ideal 1.61 AB=CD #2: Will Display Ideal 1.61 AB=CD #2/ False => Will not Display Ideal 1.61 AB=CD #2

Display Rangelike 1.61 AB=CD: Will Display Rangelike 1.61 AB=CD / False => Will not Display Rangelike 1.61 AB=CD

Display Rec. Trendlike AB=CD #1: Will Display Rec. Trendlike AB=CD #1/ False => Will not Display Rec. Trendlike AB=CD #1

Display Rec. Trendlike AB=CD #2: Will Display Rec. Trendlike AB=CD #2/ False => Will not Display Rec. Trendlike AB=CD #2

Display Rec. Perfect AB=CD: Will Display Rec. Perfect AB=CD / False => Will not Display Rec. Perfect AB=CD

Display Rec. Ideal AB=CD #1: Will Display Rec. Ideal AB=CD #1/ False => Will not Display Rec. Ideal AB=CD #1

Display Rec. Ideal AB=CD #2: Will Display Rec. Ideal AB=CD #2/ False => Will not Display Rec. Ideal AB=CD #2

Display Rec. Rangelike AB=CD: Will Display Rec. Rangelike AB=CD / False => Will not Display Rec. Rangelike AB=CD

Display Rec. Trendlike 1.27 AB=CD #1: Will Display Rec. Trendlike 1.27 AB=CD #1/ False => Will not Display Rec. Trendlike 1.27 AB=CD #1

Display Rec. Trendlike 1.27 AB=CD #2: Will Display Rec. Trendlike 1.27 AB=CD #2/ False => Will not Display Rec. Trendlike 1.27 AB=CD #2

Display Rec. Perfect 1.27 AB=CD: Will Display Rec. Perfect 1.27 AB=CD / False => Will not Display Rec. Perfect 1.27 AB=CD

Display Rec. Ideal 1.27 AB=CD #1: Will Display Rec. Ideal 1.27 AB=CD #1 / False => Will not Display Rec. Ideal 1.27 AB=CD #1

Display Rec. Ideal 1.27 AB=CD #2: Will Display Rec. Ideal 1.27 AB=CD #2 / False => Will not Display Rec. Ideal 1.27 AB=CD #2

Display Rec. Rangelike 1.27 AB=CD: Will Display Rec. Rangelike 1.27 AB=CD / False => Will not Display Rec. Rangelike 1.27 AB=CD

Display Rec. Trendlike 1.61 AB=CD #1: Will Display Rec. Trendlike 1.61 AB=CD #1/ False => Will not Display Rec. Trendlike 1.61 AB=CD #1

Display Rec. Trendlike 1.61 AB=CD #2: Will Display Rec. Trendlike 1.61 AB=CD #2/ False => Will not Display Rec. Trendlike 1.61 AB=CD #2

Display Rec. Perfect 1.61 AB=CD: Will Display Rec. Perfect 1.61 AB=CD / False => Will not Display Rec. Perfect 1.61 AB=CD

Display Rec. Ideal 1.61 AB=CD #1: Will Display Rec. Ideal 1.61 AB=CD #1/ False => Will not Display Rec. Ideal 1.61 AB=CD #1

Display Rec. Ideal 1.61 AB=CD #2: Will Display Rec. Ideal 1.61 AB=CD #2/ False => Will not Display Rec. Ideal 1.61 AB=CD #2

Display Rec. Rangelike 1.61 AB=CD: Will Display Rec. Rangelike 1.61 AB=CD / False => Will not Display Rec. Rangelike 1.61 AB=CD

Display Gartley: Will Display Gartley / False => Will not Display Gartley

Display Perfect Gartley: Will Display Perfect Gartley / False => Will not Display Perfect Gartley

Display Gartley 113: Will Display Gartley 113/ False => Will not Display Gartley 113

Display Max. Gartley: Will Display Max. Gartley / False => Will not Display Max. Gartley

Display Bat: Will Display Bat / False => Will not Display Bat

Display Perfect Bat: Will Display Perfect Bat / False => Will not Display Perfect Bat

Display Alt. Bat: Will Display Alt. Bat / False => Will not Display Alt. Bat

Display Max. Bat: Will Display Max. Bat / False => Will not Display Max. Bat

Display Crab: Will Display Crab / False => Will not Display Crab

Display Perfect Crab: Will Display Perfect Crab / False => Will not Display Perfect Crab

Display Deepcrab: Will Display Deepcrab / False => Will not Display Deepcrab

Display Butterfly: Will Display Butterfly / False => Will not Display Butterfly

Display Perfect Butterfly: Will Display Perfect Butterfly / False => Will not Display Perfect Butterfly

Display Max. Butterfly: Will Display Max. Butterfly / False => Will not Display Max. Butterfly

Display Butterfly 113: Will Display Butterfly 113/ False => Will not Display Butterfly 113

Display 5-0: Will Display 5-0/ False => Will not Display 5-0

Display Three Drives: Will Display Three Drives / False => Will not Display Three Drives

Display Cypher: Will Display Cypher / False => Will not Display Cypher

Display Shark: Will Display Shark / False => Will not Display Shark

Display Nen Star: Will Display Nen Star / False => Will not Display Nen Star

Display Black Swan: Will Display Black Swan / False => Will not Display Black Swan

Display White Swan: Will Display One2One / False => Will not Display One2One

Display One2One: Will Display One2One / False => Will not Display One2One

Display New Cypher: Will Display New Cypher / False => Will not Display Navarro 200

Display Navarro 200: Will Display Navarro 200 / False => Will not Display Navarro 200

Display Leonardo: Will Display Leonardo / False => Will not Display Leonardo

Display Kane: Will Display Kane / False => Will not Display Kane

Display Garfly: Will Display Garfly / False => Will not Display Garfly

Display Anti Gartley: Will Display Anti Gartley / False => Will not Display Anti Gartley

Display Anti Bat: True => Will Display Anti Bat / False => Will not Display Anti Bat

Display Anti Alt. Bat: True => Will Display Anti Alt. Bat / False => Will not Display Anti Alt. Bat

Display Anti 5-0: True=>Will Display Anti 5-0 / False=> Will not Display Anti 5-0

Display Anti Butterfly: True => Will Display Anti Butterfly / False => Will not Display Anti Butterfly

Display Anti Crab: True => Will Display Anti Crab / False => Will not Display Anti Crab

Display Anti Deepcrab: True => Will Display Anti Deepcrab / False => Will not Display Anti Deepcrab

Display Anti Three Drives: True => Will Display Anti Three Drives / False => Will not Display Anti Three Drives

Display Anti Cypher: True => Will Display Anti Cypher / False => Will not Display Anti Cypher

Display Anti Shark: True => Will Display Anti Shark / False => Will not Display Anti Shark

Display Anti Nen Star: True => Will Display Anti Nen Star / False => Will not Display Anti Nen Star

Display Anti Black Swan: True => Will Display Anti Black Swan / False => Will not Display Anti Black Swan

Display Anti White Swan: True => Will Display Anti White Swan / False => Will not Display Anti White Swan

Display Anti One2One: True => Will Display Anti New One2One / False => Will not Display Anti New One2One

Display Anti New Cypher: True => Will Display Anti New Cypher / False => Will not Display Anti New Cypher

Display Anti Navarro 200: True => Will Display Anti Navarro 200 / False => Will not Display Anti Navarro 200

Display Anti Leonardo: True => Will Display Anti Leonardo / False => Will not Display Anti Leonardo

Display Anti Kane: True => Will Display Anti Kane / False => Will not Display Anti Kane

Display Anti Garfly: True => Will Display Anti Garfly / False => Will not Display Anti Garfly

Display Anti Max. Bat: True => Will Display Anti Max. Bat / False => Will not Display Anti Max. Bat

Display Anti Max. Gartley: True => Will Display Anti Max. Gartley / False => Will not Display Anti Max. Gartley

Display Anti Max. Butterfly: True => Will Display Anti Max. Butterfly / False => Will not Display Anti Max. Butterfly

Display Anti Gartley 113: True => Will Display Anti Gartley 113/ False => Will not Display Anti Gartley 113

Display Anti Butterfly 113: True => Will Display Anti Butterfly 113/ False => Will not Display Anti Butterfly 113

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Q & A

How does the Harmonic Pattern Finder Indicator contribute to traders' confidence? Lysandra Decaprio asked on March 14, 2024

The indicator enhances traders' confidence by providing accurate alerts in real time, allowing them to spot possible changes in prices and navigate financial markets with greater assurance.