Anti Crab Harmonic Pattern Indicator for MT4 Download - [TradingFinder]

The Anti-Crab Harmonic Pattern Indicator is a technical analysis tool for MetaTrader 4 that identifies price reversal points using specific Fibonacci ratios, such as 0.618, 1.27, and 2.27.

This indicator automatically draws anti-crab patterns on the chart, highlighting bullish patterns in red and bearish patterns in blue.

Anti-Crab Harmonic Pattern Specifications Table

The general specifications of the Anti Crab Harmonic Pattern Indicator are shown in the table below.

Uptrend Conditions

On the USD/CAD currency pair's one-hour price chart, when the anti-crab pattern forms and the price reaches point D, it likely signals the start of a bullish move.

Downtrend Conditions

When the Anti Crab pattern appears in a downtrend for the DOGE/USD pair and the price hits point D, this may signal the beginning of a market correction or bearish move. Once the pattern completes, point D serves as the entry signal.

Indicator Settings

The settings panel of the Anti Crab Harmonic Pattern Indicator is shown in the image below:

• Minimum Length Of Wave (candle): Minimum wavelength (in candles)
• Num Of Previous Candle: Number of previous candles to analyze data
• Show Lines: Display pattern lines
• Break Pivot: Display Break pivot
• Original pivot to broken pivot (Pipet): Distance between original and broken pivot
• Shift: Horizontal shift
• Bullish Pattern: Enable detection of bullish patterns
• Bearish Pattern: Enable detection of bearish patterns
• Style Of Line: Style of pattern lines
• 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: Custom color for displayed texts on the chart

Conclusion

The Anti Crab Harmonic Pattern Indicator is one of the most effective Harmonic pattern tools for identifying market reversal points.

Its use of specific Fibonacci ratios and complex structure offers traders precise analysis and detailed insights while automatically displaying the patterns.