Classic Shark Harmonic Pattern Indicator Download for MetaTrader 4 – Free | Forex Indicator Download – MT4/MT5 Resource

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

The Shark Harmonic Pattern Indicator is designed to identify price reversal areas based on the specific structure of the shark pattern.

This MT4 Classic Chart Pattern Indicator , unlike other Classic Harmony Patterns , is based on the points O , X , A , B , and C , and uses Fibonacci ratios to create specific conditions for identifying price reversal zones .

Classic Shark Harmonic Mode Indicator Table

The characteristics of the Classic Shark Harmonic Mode Indicator are shown in the table below.

Indicators are in an upward trend

In the Bullish Shark Pattern , the market initially moves downtrend and then heads toward Point C , or the completion zone of the pattern, after forming at points O ,

If signs such as reversal candlestick or divergence are observed at point C , the new probability uptrend increases.

Indicators are in a downward trend

In the Bearish Shark pattern , price initially moves uptrend . After point O , X , A , B , at point C is formed, it reaches an area where price reversal can be expected based on Fibonacci ratios and price action.

Point C in this case is near technical resistance or the overbought zone , and price can enter the downtrend from here.

Classic Shark Harmonic Mode Indicator Settings

The settings section of the Classic Shark Harmonic Mode Indicator is shown below:

• Minimum Wavelength (Candles) : Minimum wavelength expressed in number of candles
• Number of previous candles : number of previous candles used for analysis
• Show Lines : Show or hide pattern lines
• BreakPivot : Check if the pivot is broken
• Original Pivot to Broken Pivot (Pipette) : The distance between the original pivot and the broken pivot (in points)
• Shift : The amount of data change on the chart
• BullishPattern : Identify Bullish Harmonic Patterns
• BearishPattern : Identify bearish harmonic patterns
• Style Of Line : Set the style of the lines on the chart
• Width Of Line : Set the thickness of the displayed line
• Custom Color Lines (Bearish Harmonic) : Change the color of the bearish pattern lines
• Custom Color Lines (Bullish Harmonic) : Customize the color of the bullish pattern lines
• Custom text color : Set the color of displayed text

Conclusion

The Shark Harmonic Pattern Indicator is a practical tool to identify Shark Harmonic Patterns in price charts .

This MT4 Harmonic Pattern Indicator , using Fibonacci ratios , analyzes pattern highlights, automatically marks price reversal areas on the chart and displays entry signals for trades.