Dragon Harmonic Pattern Indicator MT4 Download – Free

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

The Dragon Harmonic Pattern Indicator provides automatic, intuitive representation of inverted dragon patterns . This pattern appears in a shape similar to the letter "M" or "W" and helps identify Potential Reversal Zones (PRZs) .

Built on the XABCD structure, this MT4 Harmonic Pattern Indicator uses Fibonacci ratios to explore the Dragon Formation.

Dragon Harmonic Mode Indicator Spec Sheet

The following table outlines the specifications and features of the Dragon Harmonic Mode Indicator:

Dragon harmonic mode indicator at a glance

The Dragon Harmonic Pattern forms two patterns, bullish and bearish, with the following structure:

• Bullish Dragon Pattern: Appears as a "W" shape in blue , indicating a new beginning uptrend
• Bearish Dragon Pattern: Appears as an "M" shape in pink , marking the beginning of a downtrend

bullish dragon pattern

On the one-hour chart of Gold/USD (XAU/USD) , the Bullish Dragon pattern is visible.

After correcting at points "A" and "B," the pattern is completed at point "D," where the price begins an uptrend.

Bearish Dragon Pattern

According to the 30-minute chart of USD/CAD , this indicator marks a bearish dragon pattern in pink .

As can be seen from the figure, the price reverses direction and turns bearish pattern after completion of point "D."

Dragon Harmonic Mode Indicator Settings

The following are the adjustable parameters in the Dragon Harmonic Pattern Indicator panel:

• Minimum Wave Length (Candles): Minimum number of candles to form each wave
• Number of last candles: Number of past candles used for wave identification
• Show Lines: Show pattern lines
• 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: Move pattern lines forward/backward on the chart
• Bullish Pattern: Shows Bullish Dragon Pattern
• Bearish Pattern: Shows the Bearish Dragon pattern
• Style of Line: Type of line connecting pattern points
• Width of Line: Thickness of the line used to draw the pattern
• Custom Color Lines (Bullish Harmonics): Select the color of the bullish pattern lines
• Custom Color Lines (Bearish Harmonic): Select the color of the bearish pattern lines
• Custom text colors: text and label colors

Conclusion

The Dragon Harmonic Pattern Indicator can detect both bullish and bearish Dragon Arrays, which are considered harmonic reversal patterns in technical analysis . It visually plots patterns on the MT4 Candlestick Chart Indicator , highlighting potential trend reversal zones .

The Dragon Harmonic Pattern Indicator also provides traders with optimized entry points across all markets, including Forex , Crypto , Stocks , and more.