Anti Butterfly Harmonic Pattern Indicator MT4 Download - [TFlab]

The Anti Butterfly Harmonic Pattern Indicator precisely identifies the pivotal points X, A, B, C, and D, automatically plotting the harmonic pattern structure on the chart.

The Anti Butterfly Harmonic Pattern Indicator highlights bullish patterns in red and bearish patterns in blue across different market trends.

Anti Butterfly Harmonic Pattern Specifications Table

The table below presents the key features of the Anti Butterfly Harmonic Pattern Indicator:

Uptrend Conditions

The chart below shows the SOL/USD (Solana) pair in the 1-hour timeframe. The indicator detects a bearish Anti-Butterfly pattern, identifies point D as the Potential Reversal Zone (PRZ), and generates a buy signal.

Downtrend Conditions

The following chart shows the GBP/USD pair in a 30-minute timeframe. In this case, the indicator identifies an Anti Butterfly Harmonic Pattern forming at the market top, with point D signaling an entry for sell positions.

Indicator Settings

The image below displays the settings panel of the Anti Butterfly Harmonic Pattern Indicator:

• Minimum Length Of Wave (candle): Minimum wavelength (measured in candles)
• Num Of Previous Candle: Number of previous candles analyzed
• Show Lines: Display pattern lines
• BreakPivot: Display Break pivot
• Original pivot to broken pivot (Pipet): Distance from original pivot to broken pivot
• Shift: Amount of horizontal shift
• Bullish Pattern: Display bullish patterns
• Bearish Pattern: Display bearish patterns
• Style Of Line: Line style
• Width Of Line: Line thickness
• Custom Color Lines (Bearish Harmonic): Custom color for bearish harmonic pattern lines
• Custom Color Lines (Bullish Harmonic): Custom color for bullish harmonic pattern lines
• Custom Color Of Text: Text color for annotations

Conclusion

The Anti-Butterfly Harmonic Pattern Indicator is valuable for identifying harmonic patterns and price reversal points in financial markets such as cryptocurrencies, Forex, and commodities.

This indicator accurately identifies entry and exit points by utilizing precise Fibonacci ratios and distinct geometric structures.