Alternating Bats Harmonic Pattern Indicator MT5 - Free Download | Forex Indicator Download - MetaTrader 5 Resource

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

The Alternating Bat Harmonic Pattern Indicator is a specialized tool for detecting harmonic patterns by using Fibonacci ratios and pivot points to identify alternative bat patterns on price charts.
It is an advanced trading strategy designed for traders seeking precise harmonic pattern detection and technical analysis .

Alternate Bat Harmonic Pattern Indicator Overview Table

The following is a general specification sheet for the Alternating Bat Harmonic Mode Indicator.

Indicators at a glance

The Alternating Bats Harmonic Pattern Indicator is a powerful trading tool that identifies and displays Alternating Bats patterns on price charts using: lines and pivot points .
Traders looking to trade based on this pattern can enter where the buy or sell pattern forms and the PRZ ( Potential Reversal Zone ) is identified.

Bullish Harmonic Patterns

On the 1 hour chart of the EURUSD currency pair, the indicator detects a bullish alternative bat pattern using pivot points and Fibonacci ratios.
This allows traders to identify potential price reversal areas and enter buy trades based on pattern formation and recognition of PRZ .

Bearish Harmonic Pattern

On the 5-minute chart of Gold (XAUUSD) , a bearish alternative bat pattern has formed.
The indicator detects and displays this pattern by drawing the necessary lines on the chart.

Classic style traders can use this pattern to identify potential price reversal points, conduct deeper technical analysis, and enter sell trades upon pattern confirmation.

Alternate Bat Harmonic Mode Indicator Settings

Here are the settings for the Alternate Bat Harmonic Mode Indicator:

• Minimum wavelength: Set the minimum wavelength (based on the number of candles);
• Number of previous pivots: Set the number of previous candles to analyze the market;
• Show Lines: enable/disable the display of pattern lines;
• Break Pivot: Enable pivot break analysis;
• Original Pivot to Broken Pivot (Pipette): Sets the distance between the original pivot and the broken pivot (in pipette units);
• Shift: adjust the horizontal offset of the line;
• Bullish Pattern: Enable bullish pattern display;
• Bearish Pattern: Enable bearish pattern display;
• Style Of Line: Select line style;
• Width Of Line: Set the thickness of the line;
• Custom Color Line (Bearish Harmonic): Set the color of the bearish pattern line;
• Custom Color Line (Bullish Harmonic): Set the color of the bullish pattern line;
• Custom text color: Set the color of the description text on the chart.

Conclusion

The Alternating Bat Harmonic Pattern Indicator is a practical tool for identifying market structure changes and trend reversals .
By detecting the Alternating Bat Harmonic pattern , this indicator enables traders to accurately identify potential price reversal areas.
Using the patterns identified by this indicator, traders can perform more professional chart analysis and detect price reversal points for their trades.