Anti-Alternating Shark Harmonic Pattern Indicator MT4 | Forex Indicators Download - MetaTrader 4 Resources - MetaTrader 4 Resources

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

The Reverse Alternating Shark Harmonic Pattern Indicator is one of the advanced tools developed based on harmonic pattern technical analysis , designed with a focus on deep reversal zones and excessive price action.

Unlike the classic shark pattern , this version relies on structural changes in wavelength and direction to provide more precise reversal zones .

Anti-Alternating Shark Harmonic Mode Spec Sheet

The characteristics of the Anti-Alternating Shark Harmonic Mode Indicator are shown in the table below.

Indicator Overview

The Anti-Alternating Shark Harmonic Pattern Indicator usually forms at the end of a strong market price move and signals a potential trend reversal.

To confirm the pattern structure , the following Fibonacci ratios must be evaluated:

· XA and AB : Wave AB should retrace wave XA from 1.13 to 1.618;

· BC : The wave should extend 1.618 to 2.24 times of the AB wave;

· CD : Point D is a potential reversal area, usually located at the 0.886 to 1.13 retracement of wave XA, and is considered a key entry point.

Uptrend Conditions

In the 1-minute Bitcoin Cash price chart , a bullish Anti-Alternating Shark Harmonic is forming when point D is located in the 0.886 to 1.13 Fibonacci range of wave XA.

If the price stabilizes within this area, it indicates the presence of a strong reversal zone and the potential for a bullish correction toward levels C and A.

downtrend conditions

When the Bearish Anti-Alternating Shark Harmonic pattern is applied to the EUR/GBP chart on the 1 minute time frame, point D also occurs in the 0.886 to 1.13 Fibonacci range of wave XA.

This area is identified as the reversal zone and valid entry point for sell positions upward path .

Anti-Alternating Shark Harmonic Mode Indicator Settings

The image below shows the customizable settings for the Anti-Alternating Shark 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
• Break Pivot : Pivot breakout
• Original Pivot to Broken Pivot (Pipette) : The distance between the original pivot and the broken pivot
• Shift : Horizontal shift
• Bullish Pattern : Enable bullish pattern detection
• Bearish Pattern : Enables bearish pattern detection
• Style Of Line: Line style
• Width Of Line : Line thickness
• Custom Color Line (Bearish Harmonic) : Custom color for Bearish Harmonic Line
• Custom Color Lines (Bullish Harmonic) : Custom color for bullish harmonic lines
• Custom text color : Custom color for chart labels

Conclusion

The Anti-Alternating Shark Harmonic Pattern Indicator is a tool for identifying market reversal zones based on Fibonacci ratios within the XABCD structure .

Once the harmonic pattern has fully formed and plotted point D, the indicator defines the reversal area that serves as a technical basis for entry or exit in both bullish and bearish scenarios .