Anti-Alternating Shark Harmonic Pattern Indicator MT5 | Forex Indicators Download - MetaTrader 5 Resources - MetaTrader 5 Resources

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

The Reverse Alternating Shark Harmonic Pattern Indicator is designed to detect deep reversal zones and price reactions in overbought or oversold market conditions.

This MetaTrader 5 tool identifies precise reversal points in technical analysis by tracking wave direction and structural changes that form.

Anti-Alternating Shark Harmonic Mode Spec Sheet

The following table lists the specifications for the Anti-Alternative Shark Harmonic Mode Indicator.

Indicator Overview

The Anti-Alternating Shark Harmonic pattern usually forms at the end of sharp price movements and is a potential warning signal for trend reversal .

To validate the harmonic pattern , the following Fibonacci ratios must be analyzed:

· Wave AB vs. XA : AB should retrace XA from 1.13 to 1.618;

· Wave BC : usually extends AB from 1.618 to 2.24;

· Wave CD : Point D defines a potential reversal area, usually located between 0.886 and 1.13 of XA; this point is considered a key entry area.

Uptrend Conditions

On the 1-hour chart of XAUUSD (Gold) , a bullish anti-alternative shark pattern form. When point D is located within the 0.886 to 1.13 Fibonacci area of ​​wave XA , it identifies a key price reversal area.

If prices stabilize within this range, a bullish correction toward level C increases significantly.

downtrend conditions

On the 5 minute chart of CAD/CHF , during the formation of the Bearish Anti-Alternating Shark Harmonic pattern , point D falls between 0.886 to 1.13 Fibonacci wave XA .

After moving upward, this zone is identified as a key reversal zone and often serves as an entry point for sell positions .

Anti-Alternating Shark Harmonic Mode Indicator Settings

The picture below shows the settings panel anti-alternating shark harmonic mode indicator , and the configurable options:

• Minimum wave size : minimum wavelength
• Number of previous pivots : Number of previous pivots 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
• 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 text labels on the chart

Conclusion

The Anti-Alternating Shark Harmonic Pattern Indicator is a specialized tool for identifying price reversal zones based on Fibonacci ratios and the XABCD harmonic Pattern .