Anti NenStar Harmonic Pattern Indicator Download for MT5 – Free – [TFlab]

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

The Anti-NenStar harmonic mode indicator is based on the developed advanced harmonic mode concept . With its proprietary algorithm called "Anti-South Star" the indicator performs harmonic pattern recognition with greater speed and accuracy.

This trading tool eliminates weak or incomplete patterns and displays only valid and reliable signals. Additionally , the patterns drawn by this indicator are primarily of reversal type and can indicate underlying trend direction changes .

Anti NenStar Harmonic Mode Indicator Specification Sheet

The following table shows the Anti NenStar harmonic mode indicator specifications.

Anti-NenStar Harmonic Mode Indicator Overview

Harmonic patterns are constructed based on Fibonacci ratios; this Anti-NenStar Harmonic Patterns indicator also checks these ratios precisely.

This indicator only generates a signal if the Fibonacci ratio is correctly aligned in all cases.

bullish trend conditions

According to the NZD/USD 1 hour chart, if price stabilizes above point "D," it indicates the beginning of a bullish trend. This bullish pattern is shown on the chart in the shape of the letter "M" and pink color.

Bearish trend conditions

According to the XAU/USD 1 hour chart , a significant price drop was observed after the completion of the harmonic pattern, noting that a "D" has formed. In this case, point "D" is considered the ideal zone for entering sell trades .

This tool draws the bearish pattern on a dark blue chart, in the shape of the letter "W."

Indicator Settings Anti NenStar Harmonic Mode

The settings for the Anti NenStar harmonic mode indicator are shown below:

• 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
• 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

This method of technical analysis is used to identify reversal points and repeating patterns in price charts. The Anti NenStar Harmonic Pattern Indicator graphically displays bullish and bearish patterns, clearly highlighting key price trend reversal points.

This indicator is designed for the MetaTrader 5 platform and works on a variety of markets, including Forex , cryptocurrencies , stocks , and commodities .