Anti Shark Harmonic Pattern Indicator MT5 Download – Free – [TFLab]

The Anti Shark Harmonic Pattern Indicator on the MetaTrader 5 platform is designed to identify potential "PRZ" (Potential Reversal Zone) points in strongly trending markets.

This trading tool is based on harmonic patterns, and with the help of specific Fibonacciratios, it draws bullish and bearish Anti Shark patterns.

In the Anti Shark Harmonic Pattern Indicator, bullish patterns are shown in pink, and bearish patterns are displayed in dark blue.

Specification Table of the Anti Shark Harmonic Pattern Indicator

The table below describes the specifications of the Anti Shark Harmonic Pattern Indicator:

Bullish Anti Shark Pattern

According to the EUR/USD 4-hour chart, the Anti Shark Harmonic Pattern is completed at point "D."

As seen in the image, point "D" is identified as the PRZ area and acts as a reversal zone. Price movement from this level has taken an upward trend.

Bearish Anti Shark Pattern

According to the XAG/USD (Silver/USD) 1-hour chart, when the bearish Anti Shark pattern is completed at point "D," a price reversal occurs.

In this situation, point "D" acts as a significant reversal zone and is a probable area for the beginning of a bearish price movement.

Settings of the Anti Shark Harmonic Pattern Indicator

The image below displays the settings section of the Anti Shark Harmonic Pattern Indicator in MetaTrader 5:

• 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
• 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 display of the Anti-Shark pattern by the Anti Shark Harmonic Pattern Indicator indicates the end of the current trend and the beginning of a new one.

Point "D" is the completion point of the pattern and serves as the PRZ (Potential Reversal Zone), which is a suitable area for entering or exiting trades.

This indicator can be used in all types of markets, including cryptocurrencies, forex, stocks, and commodities.