Classic Shark Harmonic Pattern Indicator Download for MetaTrader 5 – Free | Forex Indicator Download – MT4/MT5 Resource

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

The Classic Shark Harmonic Pattern Indicator is based on specific Fibonacci ratios , such as 88.6% , 113% , and 161.8% . The indicator recognizes the geometry of the pattern and when conditions align, it automatically draws the Shark Pattern on the chart and highlights the Potential Reversal Zone (PRZ) .

Classic Shark Harmonic Mode Indicator Table

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

Indicators are in an upward trend

The image below shows the GBP/USD pair in the classic shark harmonic pattern in an uptrend.

In this chart , after forming points O , Price reaction at this level along with a reversal candlestick indicates a potential new uptrend in the market.

Indicators are in a downward trend

The chart below shows the EUR/CAD pair completing the classic shark harmonic pattern in a downward trend. After the initial price increase and completion of the O to B swing, the market enters near point sensitivity zone C. In this zone, Fibonacci levels for the OX wave between 0.886 and 1.13 are present.

Placing this level in the overbought zone , combined with a weakening trend candlestick, enhances the likelihood of a price reversal and the start of a downtrend .

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 whether 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: Identifying Bullish Harmonic Patterns
• BearishPattern: Identifying 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): Change the color of the bullish pattern lines
• Custom text color: Set the color of displayed text

Conclusion

The Classic Shark Harmonic Pattern Indicator is a powerful tool for identifying price reversals at key market levels.

This MT5 Classic Chart Pattern Indicator automatically plots Shark patterns on charts using specific Fibonacci ratios such as 88.6% , 113% , and 161.8% and identifies Potential Reversal Zones (PRZ) .