Anti-butterfly harmonic pattern indicator MT5 download - [TFlab] | Forex indicator download - MetaTrader 5 resources

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

The Anti-Butterfly Harmonic Pattern Indicator automatically identifies points X, A, B, C and D on the harmonic pattern chart in the MetaTrader 5 platform.

By analyzing price data and accurately calculating Fibonacci ratios, this tool provides high speed and precision in identifying reversal patterns.

Anti-butterfly harmonic specification table

The following table lists the features and functions of the Anti-Butterfly Harmonic Mode Indicator :

Indicator Overview

The Anti-Butterfly Harmonic Pattern Indicator is based on four main waves: XA, AB, BC, and CD , where the accuracy of the Fibonacci ratios within each wave plays a crucial role in the effectiveness of the pattern. The structural characteristics of these waves are:

· XA Wave : represents the initial price change;

· AB Wave : equivalent to a correction of 38.2% to 61.8% of the XA wave;

· BC Wave : 38.2% to 88.6% retracement of AB wave;

· CD Wave : An extension of the XA wave, usually exceeding 127.2%, up to 161.8% or higher.

These harmonic modes are shown in red for bullish trends and in blue for bearish trends .

Uptrend Conditions

The chart below shows the Dow Jones Index on a 4-hour time frame. In this chart, the indicator identifies a bearish reverse butterfly harmonic pattern , marking point D as a potential price reversal area.

When the price reaches this area and observing reversal signs, a buy signal is generated at point D.

downtrend conditions

The image below shows the chart of the AUD/CHF currency pair on the 4-hour time frame.

In this case, the reverse butterfly harmonic pattern formed at the top of the market and point D was identified as the ideal entry point for the sell trade .

Indicator Settings

The image below shows the customizable options for the Anti-Butterfly Harmonic Mode indicator:

• Minimum wavelength (candles) : Minimum wavelength (in candles);
• Number of previous candles: the number of previous candles to analyze;
• Show Lines : Display pattern lines;
• BreakPivot : Break the pivot point;
• Original Pivot to Damaged Pivot (Pipette) : Distance from original pivot to damaged pivot;
• Shift : Shift value;
• BullishPattern: shows a bullish pattern;
• BearishPattern : shows a bearish pattern;
• Style Of Line : Line style;
• Width Of Line : Line thickness;
• Custom Color Line (Bearish Harmonic) : The color of the bearish harmonic line;
• Custom color line (bullish harmonic) : the color of the bullish harmonic line;
• Custom text color : text annotation color.

Conclusion

The Anti-Butterfly Harmonic Pattern Indicator plays a key role in identifying harmonic patterns and spotting major price reversal areas in financial markets, such as cryptocurrencies and Forex .

By precisely calculating Fibonacci levels , it suggests that the best entry and exit points are point D.