Gartley Harmonic Pattern MT4 Indicator - Free Download

The Gartley Harmonic Pattern Indicator is one of the harmonic pattern indicators in MetaTrader 4, designed to detect harmonic price patterns and market reversal points.

This indicator utilizes Fibonacci ratios and the defined Gartley structure to help traders predict trend changes and identify optimal entry and exit points.

The Gartley pattern is one of the most popular harmonic patterns due to its reliability and simplicity in Technical analysis, attracting special attention from technical analysts.

Gartley Harmonic Pattern Indicator Table

Below are the general specifications of the Gartley Harmonic Pattern Indicator.

Bullish Gartley Harmonic Pattern

In the 15-minute GBP/USD chart, a bullish Gartley harmonic pattern is detected by the indicator, which plots the lines and marks key points on the chart.

Traders can use this indicator to identify bullish Gartley patterns and enter buy trades after confirming the pattern formation. This tool provides traders with more accurate trading opportunities based on upward trends.

Bearish Gartley Harmonic Pattern

In the 1-hour EUR/USD chart, a bearish Gartley harmonic pattern is formed. Traders can use the Gartley Harmonic Pattern Indicator to detect this pattern and enter a sell trade once its formation is confirmed.

This indicator, using its proprietary algorithm, identifies Gartley harmonic patterns and displays them on the chart by drawing precise lines, simplifying analysis and decision-making for traders.

Gartley Harmonic Pattern Indicator Settings

Below are the settings for the Gartley Harmonic Pattern Indicator:

• Minimum Length of Wave (candle): Set the minimum wave length based on candles.
• Num of Previous Candle: Set the number of past candles.
• Show Lines: Enable/disable displaying lines.
• Break Pivot: Enable/disable displaying pivot breaks.
• Original Pivot to Broken Pivot (Pipet): Set the pivot from original to broken pivot.
• Shift: Adjust the shift amount.
• Bullish Pattern: Enable/disable displaying bullish pattern.
• Bearish Pattern: Enable/disable displaying bearish pattern.
• Style of Line: Set the type of line drawing.
• Width of Line: Adjust the line thickness.
• Custom Color Lines (Bearish Harmonic): Set the color for bearish harmonic patterns.
• Custom Color Lines (Bullish Harmonic): Set the color for bullish harmonic patterns.
• Custom Color of Text: Set the text color.

Conclusion

The Gartley Harmonic Pattern Indicator is one of the classic and chart indicators in MetaTrader 4, ideal for traders seeking a more precise market analysis using harmonic patterns.

This tool is designed to detect market reversal points by displaying the Gartley harmonic pattern, allowing traders to reduce risk and increase their chances of success. The indicator enhances precision in forecasting and trade management.