Anti Shark Harmonic Pattern Indicator MT4 Download – Free – [TFLab]

The Anti Shark Harmonic Pattern indicator on MetaTrader 4 effectively detects sharp changes and pricereversals in strong trending markets. This trading tool identifies potential trend reversal zones and provides a precise view of marketsentiment.

The Anti Shark Harmonic Pattern indicator is based on harmonic pattern principles. It draws bullishpatterns in pink and bearishpatterns in darkblue.

Anti Shark Harmonic Pattern Indicator Specification Table

Below is a table showing the features of the Anti-Shark Harmonic Pattern indicator:

Bullish Anti Shark Pattern

According to the Dogecoin (DOGE) one-hour chart, the Anti Shark harmonic pattern completes at point "D." As shown in the illustration, point "D" serves as the PRZ, a potential reversal zone; from this area, an upward trend initiates.

Bearish Anti Shark Pattern

According to the GBP/USD 30-minute chart analysis, after the bearishAnti Shark pattern is completed at point "D," the price reverses direction. Point "D" is a suitable zone for initiating sell setups in such cases.

Anti Shark Harmonic Pattern Indicator Settings

The following image shows the settings section of the Anti-Shark Harmonic Pattern indicator:

• Minimum Length of Wave (candle): Minimum number of candles to form each wave
• Num of Previous Candle: Number of past candles for wave identification
• Show Lines: Display 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 pivots
• Shift: Move pattern lines forward or backward on the chart
• Bullish Pattern: Display bullish Anti-Shark pattern
• Bearish Pattern: Display bearish Anti-Shark pattern
• Style of Line: Connecting lines between pattern points
• Width of Line: Thickness of the pattern lines
• Custom Color Lines (Bearish Harmonic): Choose the color for bearish patterns
• Custom Color Lines (Bullish Harmonic): Choose the color for bullish patterns
• Custom Color of Text: Set color for labels and text

Conclusion 

The Anti Shark Harmonic Pattern indicator, by displaying bullish and bearish anti Shark patterns, facilitates the identification of potential entry and exitpoints.

This tool also offers various settings, such as changing pattern colors and, for different trading strategies, calculations based on candle count, and is compatible with all of them.