Swan Harmonic Pattern Indicator Download for MT4 – Free

On July 1, 2025, in version 2, the indicator added alerts/notifications and signals functionality

Swan Harmonic Pattern Indicator, a practical tool based on harmonic patterns for identifying potential reversal points and forecasting future market movements .

Another key feature of this indicator is its ability to display two different patterns, Black Swan and White Swan patterns for both bullish and bearish market directions.

Swan Harmonic Mode Indicator Specifications

The table below contains the specifications of the Swan Harmonic Mode indicator.

Swan Harmonic Patterns at a Glance

The Swan Harmonic pattern consists of five key points X, A, B, C, and D , which highlight reversal points with the potential to move markets . This MetaTrader 4 chart and classic pattern indicator displays bullish patterns in blue and bearish patterns in pink .

Bullish Black Swan Pattern

On the 1-hour chart of the cryptocurrency with the symbol Bitcoin (BTC) , a strong bullish “Black” pattern has formed. As shown, point "D" serves as a potential reversal point upon completion of the pattern, which can be considered an entry point for a long (buy) position .

The inverse pattern of this pattern is called Bullish White Swan .

Bearish Black Swan Pattern

A Bearish Black Swan pattern is observed on the 1-hour chart of the NZD/USD currency pair. As shown, once point "D" has been formed, the trend reverses , offering an entry point for a short (sell) position .

Instead, the inverse pattern of this pattern is called Bearish White Swan .

Swan Harmonic Mode Indicator Settings

The following figure shows the available settings for the Swan Harmonic Mode Indicator:

• Minimum Wavelength (Candles): Defines the minimum wavelength (candles) required for pattern detection
• Number of previous candles: Number of previous candles used for pattern recognition
• Show Lines: Enable pattern line display
• XABCD: Set the label color of pattern points
• Break Pivot: Conversion from activated pivot point to broken pivot point
• Original Pivot to Broken Pivot (Pipette): Sets the distance (in points) between the original pivot and the broken pivot
• Shift: Move chart data
• Style of Line: Sets line style
• Width of Line: Set line thickness
• Bullish Pattern: Shows a bullish pattern
• Bullish White: Set the color of the bullish white swan
• Bullish Black: Set the color of the bullish black swan
• Bearish Pattern: Shows a bearish pattern
• Bearish White: Set the color of the bearish white swan
• Bearish Black: Set the color of bearish black swans

Conclusion

The Swan Harmonic Pattern Indicator , based on internal calculations, determines strong black and white reversal patterns for both bullish and bearish directions .

As a trading tool , it offers extensive customization, including individual color settings for each mode and the ability to modify internal calculations .