Anti NenStar Harmonic Pattern Indicator Download for MT4 – Free – [TFlab]

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

The anti-NenStar harmonic pattern indicator is designed based on the following principles of harmonic patterns . With its proprietary algorithm, called ANSI, this tool significantly enhances the accuracy and speed of pattern recognition .

This trading tool filters out weak, incorrect or incomplete patterns and displays only strong and valid signals . The patterns drawn fall into the category reversal patterns and indicate underlying trend direction changes .

Anti NenStar Harmonic Mode Indicator Specification Sheet

The table below shows the main specifications of the Anti NenStar Harmonic Mode Indicator.

Anti-NenStar Harmonic Mode Indicator Overview

The Anti-NenStar Harmonic Mode Indicator , which is essentially based on Fibonacci ratios, precisely checks key levels (0.382, 0.50, 0.618, 0.786, 1.27, and 1.618) and only generates a signal when these ratios are met exactly.

bullish trend conditions

According to the AUD/USD 1 hour chart , price growth and stabilization above the point "D" marks the beginning of a bullish trend.

The bullish pattern is the "M" shape drawn in the letter and shown in pink .

Bearish trend conditions

According to the 30-minute Cardano (ADA) chart, after completing the harmonic pattern and forming point "D," the price dropped significantly.

Point "D" is considered a strategic entry point for a sell position in this situation. The bearish pattern is drawn in the shape of a letter "W" and shown in dark blue .

Indicator Settings Anti NenStar Harmonic Mode

The following image shows the customizable settings panel of the Anti NenStar Harmonic Mode Indicator:

• Minimum Wave Length (Candles): The minimum number of candles required to form each wave
• Number of previous candles: The number of previous candles considered for wave identification
• Show Lines: Display pattern lines
• Break Pivot: Toggle to show/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 or backward on the chart
• Bullish Pattern: Indicating Bullish Inverse NenStar Pattern
• Bearish Pattern: Shows Bearish Inverse NenStar Pattern
• Style of Line: Line style connecting pattern points
• Width of Line: Thickness of the pattern line
• Custom Color Lines (Bearish Harmonic): Set custom colors for bearish pattern lines
• Custom Color Lines (Bullish Harmonic): Set custom colors for bullish pattern lines
• Custom text color: Customize the color of labels and text

Conclusion

Technical analysis detects harmonic pattern reversal points and the onset of price movements in charts.

The Anti NenStar Harmonic Pattern Indicator highlights these key reversal areas by visually displaying bullish and bearish patterns .

This trading tool is designed for the MetaTrader 4 platform and can be used in all trading strategies , making it a versatile choice for any trader in the financial market .