Harmonic Pattern Finder V2 - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

Harmonic patterns are a type of chart pattern based on the constraints of 5 price extremes and the relationships and proportions between them. Because these constraints and ratios are difficult to verify through visual estimation, computer measurement tools are essential for trading harmonic patterns. This is the second version of the popular Harmonic Pattern Finder that automatically finds indicators of harmonic patterns. It has some improvements over previous versions and is fast and easy to use:

The Harmonic Pattern Finder uses zigzag indicators to extract peaks and troughs, and cannot be run without at least one zigzag indicator properly installed in the "Indicators/Downloads" directory. The zigzag used is:

If you have downloaded these Zigzag indicators before, there is no need to reinstall them, otherwise they are also included in this download.

Figure 1: The ends of the PRZ are shown as lines. This allows risk to be assessed before trading.

Figure 2: Patterns can be filled in and displayed as they appear. This can predict trade opportunities in advance.

This indicator is the result of a collaborative effort between Andre Engel and David Gadelha

Attachment download

📎alexstal_outsidebar.mqh (10.9 KB)

📎alexstal_zigzagprof.mq5 (17.29 KB)

📎 fastzz.mq5 (3.34 KB)

📎 swingchart.mq5 (20.96 KB)

📎 harmonicpatternfinderv2.mq5 (218.24 KB)

Source: MQL5 #16852