Classic Bat Harmonic Pattern Indicator MT5 Free Download | Forex Indicator Download - MetaTrader 5 Resources

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

The Classic Bat Harmonic Pattern Indicator is designed to detect and plot harmonic bat inversion patterns. The formation of these patterns is based on harmonic patterns and is used to identify potential trend changes.

This MT5 Classic Chart Pattern Indicator displays a pink bullish bat pattern and a blue bearish bat pattern .

Classic Bat Harmonic Mode Indicator Spec Sheet

The table below lists a set of specifications and features of the Classic Bat Harmonic Mode Indicator:

An overview of classic Bat harmonic modes

The Classic Bat Harmonic Pattern Indicator consists of four waves: XA, AB, BC, and CD , and each analysis uses specific Fibonacci ratios .

The key part of the pattern is point “D,” which is typically considered the entry point for a trade relative to the XA wave.

Bullish Classic Bat Pattern

The formation of a bullish bat pattern on the one-hour chart of the GBP/USD currency pair may provide an effective buy opportunity .

In this setup, the final CD wave extends to the 88.6% Fibonacci level of the initial XA wave , and point “D” is identified as the buy entry point .

Bear head classic bat form

Based on the 30-minute chart analysis of Ethereum (ETH) , a bearish bat pattern has been completed.

This often signals the end of a bullish correction and the beginning of a new downtrend . Point “D” is considered the sell entry zone in this case.

Classic Bat Harmonic Mode Indicator Settings

The image below shows the adjustable parameters of the classic Bat Harmonic Mode Indicator:

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

Conclusion

The Classic Bat Harmonic Pattern Indicator performs a detailed analysis of a specified number of candles to identify harmonious bat structures , which it then displays visually on the chart .

This trading tool allows you to configure the number of analyzed candles and the minimum wavelength, which improves the accuracy of pattern recognition .

Additionally, users can independently enable/disable bullish or bearish pattern detection and customize line and text colors for a better user experience.