Anti Cypher Harmonic Pattern Indicator MT4 Download – Free – [TradingFinder]

The Anti Cypher Harmonic Pattern Indicator, unlike the classic"Cypher" pattern, seeks a specific ratio in the XA, AB, BC, and CD waves. This indicator is designed based on harmonic pattern concepts and identifies hidden trading structures.

This trading tool draws the bullish pattern in pink and the bearish pattern in dark blue on the chart.

Specifications of the Anti Cypher Harmonic Pattern Indicator

The features of the Anti Cypher Harmonic Reversal Pattern Indicator are as follows:

Bullish Trend Condition

On the 30-minute chart of Cardano (ADA), after the completion of the bullish pattern and as the price reaches point "D," a strong upward trend has started.

This bullish movement reflects the market's positive reaction to the reversal zone at point "D," confirming the signal of the bullish Anti Cypher Harmonic Pattern.

Bearish Trend Condition

According to the EUR/USD hourly chart, the Anti Cypher Harmonic Pattern Indicator marks the bearish pattern with bluelines.

The image shows that after the pattern is completed and the price reachespoint "D," the previous upward trend stops, and a downward move begins.

Anti Cypher Harmonic Reversal Pattern Indicator Settings

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

• Minimum Length of Wave (candle): Minimum number of candles to form each wave
• Num of Previous Candle: Number of previous candles for identifying waves
• Show Lines: Show pattern lines
• Break Pivot: Show or hide broken lines on the chart
• Original pivot to broken pivot (Pipet): Allowed distance between the original and broken pivot
• Shift: Move pattern lines forward or backward on the chart
• Bullish Pattern: Display bullish Anti Cypher pattern
• Bearish Pattern: Display bearish Anti Cypher pattern
• Style of Line: Type of line connecting the pattern points
• Width of Line: Thickness of the drawn pattern lines
• Custom Color Lines (Bearish Harmonic): Select a color for bearish pattern lines
• Custom Color Lines (Bullish Harmonic): Select a color for bullish pattern lines

Conclusion 

The Anti Cypher Harmonic Pattern Indicator detects reversal structures and misleading market breakouts. Displaying this pattern often indicates a tendency for market direction change and can facilitate identifying trade entrypoints.

This indicator can be used across all markets, including crypto currencies, forex, stocks, and commodities.