AB=CD Harmonic Pattern Indicator in MetaTrader 5 – [TFLab] - MT4/MT5 Resource

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

The AB=CD harmonic indicator is used in MetaTrader 5 as a specialized tool for identifying harmonic patterns .

This indicator displays the AB=CD harmonic pattern by identifying key points A, B, C and D and on the price chart Fibonacci ratios , which designate the Price Reversal Zone (PRZ) .

Traders can identify sensitive market points and make better decisions to enter or exit a trade through technical analysis and this tool.

AB=CD harmonic form index table

General Specifications AB=CD Harmonic Mode Indicators are listed in the section below.

Indicators at a glance

The AB=CD harmonic indicator is used to draw a price pattern by connecting four key points A, B, C, and D.

This indicator relies on pivot points and is suitable for assisting traders in identifying price reversal zones (PRZ) and selecting appropriate entry points for trades.

Traders can perform more professional analysis and develop their trading strategies based on effective harmonic patterns using this tool .

Bullish Pattern

A bullish AB=CD harmonic pattern has been observed on the 4-hour time frame of the AUDJPY currency pair, which can be considered a warning of the beginning of a bullish price trend .

By using the AB=CD Harmonic Pattern Indicator , traders can identify this pattern on the chart and, by identifying point D , which is considered the Price Reversal Zone (PRZ) , proceed to enter a buy position .

Bearish Pattern

The AB=CD Harmonic Pattern indicator has successfully identified a Bearish AB=CD Harmonic Pattern structure on the 1 hour chart of the AUDCAD currency pair and plotted it on the chart after detecting the pattern.

This harmonic pattern usually appears when the price is changing from a bullish trend to a bearish trend and can act as an early warning to start a bearish trend .

After the pattern is completed, the price begins to fall. By focusing on point D , which is known as the Price Reversal Zone (PRZ) , traders will be able to identify suitable selling opportunities .

AB=CD Harmonic Mode Indicator Settings

Set to AB=CD The harmonic mode indicator is provided in the following section.

• Minimum wavelength: adjust the minimum length of the wave;
• Number of previous pivots: Adjust the number of previous candles to check the market;
• Show Lines: Adjust whether to display pattern lines;
• Break Pivot: Adjust whether to check pivot breakthrough;
• Original Pivot to Broken Pivot (Pipette): Adjusts the distance between the original pivot and the broken pivot (in pipette units);
• Shift: adjust the horizontal offset of the line;
• Bullish Pattern: Whether the adjustment shows a bullish pattern;
• Bearish Pattern: Adjust whether to show a bearish pattern;
• Custom Color Lines (Bearish Harmonic): Adjust the color of the bearish harmonic pattern lines;
• Custom Color Lines (Bullish Harmonic): Adjust the color of the bullish harmonic pattern lines;
• Custom text color: Adjust the color of the caption text on the chart.

Summary

The AB=CD Harmonic Pattern Indicator is a harmonic pattern identification tool that automatically displays the AB=CD pattern by detecting pivot points on the price chart and checking Fibonacci ratios .

This indicator serves as a practical trading strategy , allowing active traders to identify Potential Price Reversal Zones (PRZs) and conduct more professional and professional analysis of charts.