Deep Crab Harmonic Pattern Indicator MT5 - Free Download

The Deep Crab Harmonic Pattern Indicator is a tool for identifying harmonic patterns on price charts. Designed specifically for the MetaTrader 5 platform, it plots pivot points and uses Fibonacci ratios to detect the Deep Crab pattern, visually displaying it on the chart.

Traders can utilize this indicator alongside their technical analysis and trading strategy systems to identify potential Price Reversal Zones (PRZ) and enter buy or sell positions accordingly.

Deep Crab Harmonic Pattern Indicator Table

Below is a summary of the main specifications of the Deep Crab Harmonic Pattern Indicator.

Bullish Pattern Formation

On the 4-hour chart of the USDJPY currency pair, a bullish Deep Crab harmonic pattern was formed.

Classic-style traders can use the indicator to detect this bullish formation and, upon confirmation, enter buy positions.

Bearish Pattern Formation

On the 15-minute chart of the USDCAD currency pair, a bearish Deep Crab harmonic pattern was formed. After the pattern's completion, the price entered a downtrend.

Traders can use the Deep Crab Harmonic Pattern Indicator to identify trading opportunities and detect potential Price Reversal Zones (PRZ), allowing them to enter sell positions.

Deep Crab Harmonic Pattern Indicator Settings

Below are the settings for the Deep Crab Harmonic Pattern Indicator:

• Minimum Length Of Wave (candle): Set the minimum wave length (number of candles);
• Num Of Previous Candle: Set the number of previous candles for market analysis;
• Show Lines: Toggle the display of pattern lines;
• Break Pivot: Set pivot break detection;
• Original pivot to broken pivot (Pipet): Set the distance (in pipets) between the original and broken pivots;
• Shift: Adjust horizontal shift of lines;
• Bullish Pattern: Enable display of bullish patterns;
• Bearish Pattern: Enable display of bearish patterns;
• Style Of Line: Choose line style;
• Width Of Line: Set line thickness;
• Custom Color Lines (Bearish Harmonic): Set custom color for bearish harmonic lines;
• Custom Color Lines (Bullish Harmonic): Set custom color for bullish harmonic lines;
• Custom Color Of Text: Set custom text color on the chart.

Conclusion

The Deep Crab Harmonic Pattern Indicator is a specialized tool in the forex market that enables traders to detect price reversal points.

By identifying market trend changes and visualizing potential Price Reversal Zones (PRZ), traders can recognize shifts in market structure. This indicator allows traders to spot optimal entry points and enter buy or sell positions after pattern confirmation.