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

The Anti Crab Harmonic Pattern Indicator in MetaTrader 5 uses specific Fibonacci ratios, such as 0.618, 1.27, and 2.27, to accurately identify potential price reversal zones.

Additionally, this trading tool displays bullish patterns in red and bearish patterns in blue.

Anti Crab Harmonic Pattern Specifications Table

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

Uptrend Conditions

The following chart illustrates the Nasdaq (NQ100) index in a 15-minute timeframe. When the Crab pattern is detected, and the price reaches point D, it typically signals a potential bullish trend.

Downtrend Conditions

The price chart below displays the GBP/CHF pair in a 5-minute timeframe.

When the Anti Crab Harmonic Pattern is formed, and the price reaches point D, the market is likely to enter a correction or bearish move.

Indicator Settings

The customizable settings of the Anti Crab Harmonic Pattern Indicator are shown in the following image:

• Minimum Length Of Wave (candle): Minimum wavelength (candlestick)
• Num Of Previous Candle: Number of previous candles to analyze data
• Show Lines: Display lines
• BreakPivot: Display Break pivot
• Original pivot to broken pivot (Pipet): Distance from original to broken pivot (pip)
• Shift: Horizontal shift
• Bullish Pattern: Enable detection of bullish patterns
• Bearish Pattern: Enable detection of bearish patterns
• Style Of Line: Style of pattern lines
• Width Of Line: Line thickness
• 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: Custom color for displayed texts on the chart

Conclusion

The Anti Crab Harmonic Pattern Indicator in MetaTrader 5 is a key tool for identifying market reversal points in Technical analysis.

Its use of specific Fibonacci ratios and complex pattern structure enables traders to perform precise analyses and automatically visualize harmonic formations on the chart.