MQL Harmonic Indicator

The MQL Harmonic indicator scans the chart for current Harmonic patterns based on Fibonacci ratios. The indicator is easy to use since it doesn't have a large complicated list of adjustable settings. Unlike other Harmonic indicators, it scans using combinations of ZigZag settings instead of just a single set of settings. It will keep considering combinations of settings and scanning for harmonic patterns until it finds one. It scans for the Gartley, Bat, Alt Bat, Butterfly, Crab, Deep Crab, Cypher, Shark, Five Zero, ABCD, ABCD Ext, and Three Drives patterns. The indicator works on any standard MT4 chart and it works on any broker's MT4 platform.



The MQL Harmonic Indicator is FREE to use and share with no restrictions. It will work on any MT4 platform.

Note: DLL imports must be enabled for this indicator to work.

Here is complete information about the MQL Harmonic Indicator.

EXAMPLE:





Linkback: https://www.forex.zone/mt4-mt5-indicators/8/mql-harmonic-indicator/52/

Here is an example of an ABCD pattern on the USDCAD H4. It hit first target and price might still proceed downwards.

Here is a long-term Shark pattern generated by the MQL Harmonic Indicator. It was produced on the monthly chart on the FxChoice MT4. See attachment.

Here is a recent 3 Drives pattern on the EURJPY H4 chart. The 1st and 2nd targets have been hit. See the attached before and after images.

Another good Harmonic pattern to show. This is a Shark pattern on the EURUSD H1 chart. Price become bullish and went up to the 50% target. See attached before and after images.

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Here is an ABCD pattern recognized on the Bitcoin Weekly chart. First target is $5900.

Here is a Butterfly pattern for Gold on the H1 chart. This also agrees with my other long-term outlook on Gold. This may be a good selling entry level.