Classic Bat Harmonic Pattern Indicator MT4 Free Download | Forex Indicator Download - MetaTrader 4 Resources

On July 1, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Classic Bat Harmonic Pattern Indicator is one of the most recognized harmonic patterns of technical analysis . This pattern is formed based on Fibonacci ratios and indicates a strong price correction .

This MT4 candlestick indicator draws the bullish bat pattern in pink and the bearish bat pattern in blue . Using this trading tool, the best entry and exit points can be identified.

Classic Bat Harmonic Mode Indicator Spec Sheet

The following table describes the specifications and features of the Classic Bat Harmonic Mode Indicator:

An overview of classic Bat harmonic modes

The classic bat pattern consists of four waves: XA, AB, BC, and CD , with each extension or retracement based on a specific Fibonacci percentage . The most important part of this pattern is point “D,” which is usually considered the entry point for a trade.

Bullish Pattern

According to the 30-minute EUR/USD pair chart, a bullish bat pattern formed providing a buy entry opportunity.

As can be seen from the chart, the final downward wave CD reaches the 88.6% Fibonacci level of wave XA , and point “D” is considered the entry point .

Bearish Pattern

Based on the 1-hour chart analysis of Bitcoin (BTC) , the emergence of a bearish Bat pattern indicates the end of a bullish correction and the beginning of a new downtrend . Point “D” is considered a sell entry area in this case.

Classic Bat Harmonic Mode Indicator Settings

The image below shows the settings panel of the classic bat pattern indicator:

• Minimum Wave Length (Candles) : The minimum number of candles required to form each wave
• Number of previous candles : The number of previous candles used to identify the wave
• Show Lines : Display pattern lines on the chart
• Break Pivot : Enable/disable the display of broken pivot lines on the chart
• Original Pivot to Broken Pivot (Pipette) : Allowed distance between original pivot and damaged pivot
• Shift : Move pattern lines forward or backward on the chart
• Bullish Pattern : Shows a bullish bat pattern
• Bearish Pattern : Shows the bearish bat pattern
• Style of Line : Line style connecting pattern points
• Width of Line : The thickness of the pattern line
• Custom Color Line (Bearish Harmonic) : Line color for bearish patterns
• Custom Color Line (Bullish Harmonic) : Line color for bullish patterns
• Custom text colors : text and label colors

Conclusion

The Classic Bat Harmonic Pattern Indicator analyzes a specific number of candles to identify harmonic bat reversal patterns and displays them on the chart.

Adjusting the wavelength, number of previous candles , and line style within a trading tool can improve the accuracy of pattern detection.

Users can also independently activate bullish or bearish patterns and customize the colors of lines and text.