Anti-Gartley Harmonic Pattern Indicator in MT4 – [TradingFinder]

The Anti-Gartley Harmonic Pattern indicator is considered a practical analytical tool in the MetaTrader 4 environment designed to identify the structure of harmonic patterns.

This indicator detects the Anti-Gartley harmonic pattern by determining five key points (pivots) on the chart and displays it by drawing specific lines.

Users can identify bullish and bearish patterns by combining this indicator with technical analysis, performing more specialized and professional analyses on the price chart.

Anti-Gartley Harmonic Pattern Indicator Table

The general specifications of the Anti-Gartley Harmonic Pattern indicator are listed in the section below.

Bullish Pattern

On the 30-minute chart of the USDJPY currency pair, a bullish Anti-Gartley harmonic pattern has formed.

Traders looking to identify this type of pattern on the price chart can detect the formation of this pattern using the Anti-Gartley Harmonic Pattern indicator and enter a buy trade by observing point D as the potential price reversal area (PRZ).

Bearish Pattern

On the 4-hour GBPUSD chart, the Anti-Gartley Harmonic Pattern indicator has displayed a sell trading position by identifying and drawing a bearish Anti-Gartley pattern on the chart.

Traders looking to identify this pattern on the price chart can use this indicator to identify a suitable entry point for selling and enter a trade.

Anti-Gartley Harmonic Pattern Indicator Settings

The settings for the Anti-Gartley Harmonic Pattern indicator are provided in the section below.

• Minimum Length Of Wave (candle): Select the minimum length of a wave (in terms of the number of candles);
• Num Of Previous Candle: Select the number of previous candles to examine the market;
• Show Lines: Select whether to display pattern lines;
• Break Pivot: Select whether to check for pivot breakouts;
• Original pivot to broken pivot (Pipet): Select the distance (in pipettes) between the original pivot and the broken pivot;
• Shift: Select the horizontal shift of the lines;
• Bullish Pattern: Select whether to display bullish patterns;
• Bearish Pattern: Select whether to display bearish patterns;
• Style Of Line: Select the line type;
• Width Of Line: Select the width of the lines;
• Custom Color Lines (Bearish Harmonic): Select the color for bearish harmonic pattern lines;
• Custom Color Lines (Bullish Harmonic): Select the color for bullish harmonic pattern lines;
• Custom Color Of Text: Select the color for the explanatory text on the chart.

Conclusion

The Anti-Gartley Harmonic Pattern indicator is known as an advanced trading strategy in the Forex market that is useful for traders to better understand the price market structure by drawing the Anti-Gartley harmonic pattern.

This tool provides ideal conditions for entering buy or sell positions by identifying the pattern and displaying potential price reversal areas (PRZ).

Using this indicator can improve trading performance and strengthen traders' analytical view regarding reversal points.