Anti Alternate Shark Harmonic Pattern Indicator MT4 - [TradingFinder]

The Anti Alternate Shark Harmonic Pattern Indicator is one of the advanced tools developed based on harmonic patterns in technical analysis, designed with a focus on deep reversal zones and overextended price behavior.

Unlike the classic Shark pattern, this version relies on structural changes in wavelength and direction to offer more precise reversal zones.

Anti Alternate Shark Harmonic Pattern Specifications Table

The features of the Anti Alternate Shark Harmonic Pattern Indicator are presented in the table below.

Uptrend Conditions

In the 1-minute Bitcoin Cash price chart, the formation of a bullish Anti Alternate Shark Harmonic Pattern is identified when point D lies within the 0.886 to 1.13 Fibonacci range of wave XA.

If the price stabilizes within this zone, it indicates a strong reversal area, with the potential for a bullish correction toward levelsCand A.

Downtrend Conditions

When the bearish Anti Alternate Shark Harmonic Pattern is applied to the EUR/GBP chart on a 1-minute timeframe, point D similarly appears in the 0.886 to 1.13 Fibonacci range of wave XA.

This area is identified as a reversal zone and a valid entry point for sell positions on the upward path.

Anti Alternate Shark Harmonic Pattern Indicator Settings

The image below shows the customizable settings of the Anti Alternate Shark Harmonic PatternIndicator:

• Minimum Length Of Wave (candle): Minimum wavelength (in candles)
• Num Of Previous Candle: Number of previous candles to analyze
• Show Lines: Display pattern lines
• Break Pivot: Pivot breakout
• Original pivot to broken pivot (Pipet): Distance between original and broken pivot
• Shift: Horizontal shift
• Bullish Pattern: Enable bullish pattern detection
• Bearish Pattern: Enable bearish pattern detection
• Style Of Line: Line style
• Width Of Line: Line thickness
• Custom Color Lines (Bearish Harmonic): Custom color for bearish harmonic lines
• Custom Color Lines (Bullish Harmonic): Custom color for bullish harmonic lines
• Custom Color Of Text: Custom color for on-chart labels

Conclusion

The Anti Alternate Shark Harmonic Pattern Indicator is a tool for identifying market reversal zones based on Fibonacci ratios within the XABCD structure.

Once the harmonic pattern is fully formed and point D is plotted, the indicator defines the reversal area, which serves as a technical basis for entry or exit in both bullish and bearish scenarios.