Three Drivers Harmonic Pattern Indicator Download for MetaTrader 5 - Free - MT4/MT5 Resource

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

The Three Driven Harmonic Pattern Indicator is a technical analysis tool that aligns with the ABCD pattern and falls into the classic chart patterns and indicators category. This trading tool is designed to identify Potential Reversal Zones (PRZ) and is one of the tools available in MetaTrader 5 indicators .

This pattern can develop under two bullish and bearish conditions:

• In a bullish trend , all three major price moves are downward, indicating a potential upside reversal
• In a bearish trend , all three major price movements are upward, indicating a possible reversal of the downward trend

Three drive harmonic mode indicator table

The table below contains details about the three-driver harmonic mode indicators.

Bullish trend analysis

In the GBP/USD currency pair chart , the price initially moved downwards before undergoing an upward correction, reaching Point A at the 61.8% Fibonacci level of the initial move. This level acts as a resistance zone , causing the price to fall again.

After the B correction , the price extended to the 127.2% Fibonacci extension level. This level is considered the Strong Reversal Zone (PRZ) and marks the beginning of a new bullish trend.

Bearish trend analysis

In the USD/JPY currency pair analysis, the price initially moved strongly upward before undergoing a downward correction to reach the 61.8% Fibonacci level at Point A. After this adjustment, the price rises to Point B.

Finally, the price dropped significantly, falling to the 127.2% Fibonacci extension level of the B correction . At this level, traders enter sell trades .

Indicator Settings

The image below shows the complete setup of this indicator:

• Minimum Wave Length (Candles): Determines the number of candles required to form a wave
• Number of previous candles: specifies the number of previous candles used for analysis
• Show Lines: Show lines on the chart
• BreakPivot: Enables the display of pivot breakout analysis
• Original Pivot to Broken Pivot (Pipet): Sets the pivot break distance
• Shift: adjust the displacement of the lines on the chart
• BullishPattern: Enables the display of bullish patterns
• BearishPattern: Enables the display of bearish patterns
• Style Of Line: Adjust line type
• Width Of Line: Specify the thickness of the line
• Custom Color Line (Bearish Harmonic): Set the color of the Bearish Harmonic line
• Custom Color Line (Bullish Harmonic): Set the color of the Bullish Harmonic line
• Custom text color: Custom text color

Conclusion

The Three Drive Harmonic Pattern Indicator is designed based on Fibonacci ratios. In this technical analysis tool, price corrections return to 61.8% or 78.6% of the previous move’s levels, and each subsequent move typically extends to 127.2% or 161.8% of the previous correction’s levels.

When the three main moves and two corrections are completed, the end point of the third move is identified as the Strong Reversal Zone (PRZ) .