Nen Star Harmonic Pattern Indicator Download for MT5 | Forex Indicator Download - MetaTrader 5 Resources

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

The Nen Star Harmonic Pattern Indicator is designed specifically for MetaTrader 5 as an advanced tool for identifying price reversal areas with high accuracy.

Unlike simpler tools, this indicator is based on a combination of precise wave structures and extended Fibonacci ratios.

The Nen Star Pattern consists of five points:

Nen Star Harmonic Mode Index Characteristics Table

Specifications Nen Star harmonic form indicators are summarized in the table below.

Indicator Overview

The Tender Star Harmonic Pattern structure consists of five price waves, defined as Fibonacci ratios :

• XA : The initial price moves from point X to A
• AB : The price retraces towards point B
• BC : Price extends 113% to 141.4% AB
• CD : Price reversal between 127.2% and 200% AB
• D (PRZ) : Potential Reversal Zone (PRZ) – An area where price may reverse and where traders can evaluate entry or exit signals.

bullish trend indicator

On the EUR/USD 1-hour chart, the bullish Tender Star pattern forms after the XA , AB wave, and extension C to about 138% of AB , followed by the CD bearish phase.

Then, point D falls to around 161.8%, serving as a potential reversal zone ( PRZ ).

Bearish trend indicator

On the GBP/USD 4-hour chart, the bearish young star pattern completed with waves XA , AB , and C expanding to 141.4% AB before price reached D , approaching 200%, and a reversal (PRZ) occurred, signaling the beginning of the bearish trend.

Indicator Settings

Set to Nen Star Harmonic Pattern Indicators are shown below:

• Minimum wave length (candles): Minimum number of candles for wave detection
• Number of previous candles: the number of past candles used in the calculation
• Show Lines: Show or hide pattern lines
• BreakPivot: Check for pivot breaks
• Original Pivot to Broken Pivot (Pipette): The distance between the original pivot and the broken pivot in the pipette
• Shift: Data offset in the chart
• BullishPattern: Enable bullish pattern detection
• BearishPattern: Enable bearish pattern detection
• Style Of Line: Line style selector
• Width Of Line: Displays the thickness of the line
• Custom Color Lines (Bearish Harmonic): The color of the bearish pattern lines
• Custom Color Lines (Bullish Harmonic): The color of the bullish pattern lines
• Custom text color: Text color setting

Conclusion

The Nen Star Harmonic Pattern Indicator is a specialized tool for identifying market reversal points . Technical analysis is based on wave structures and Fibonacci extension ratios.

This indicator accurately breaks down the trend from XA to CD , defining the PRZ as a potential reversal zone.

The indicator's ability to analyze and display patterns graphically across multiple time frames increases the accuracy of trading decisions.