Anti Bat Harmonic Pattern Indicator for MT5 - Download-[TradingFinder]

The Anti Bat Harmonic Pattern Indicator is an advanced technical analysis tool that automatically scans market movements and identifies valid patterns on the chart using modern algorithms, price structure analysis, and Fibonacci ratios.

Anti Bat Harmonic Pattern Specifications Table

The table below outlines the key features of the Anti Bat Harmonic Pattern Indicator.

Uptrend Conditions

A buying opportunity emerges in the 30-minute Nasdaq 100 (ND100) chart once the bullish Anti-Bat pattern is fully formed.

At this point, the price reaches the key D level, which is considered a Potential Reversal Zone (PRZ) and an entry point for long positions.

Downtrend Conditions

In the AUD/USD currency pair chart, the Anti Bat Harmonic Pattern Indicator has accurately identified the formation of a bearish structure.

As the price reaches point D, located within the PRZ, a short position entry is signaled, initiating a new downward trend.

Anti-Bat Harmonic Pattern Indicator Settings

Settings for the Anti Bat Harmonic Pattern Indicator are shown below:

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

Conclusion

The Anti Bat Harmonic Pattern Indicator is an advanced tool available in MetaTrader 5 that automatically detects harmonic patterns and identifies potential price reversal zones based on precise Fibonacci relationships.