MQL Harmonic Indicator

Posts: 5063 · #1 - June 13, 2018, 12:47:19 AM

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:
MQL Harmonic Indicator in MT4 / MT5 Indicators_topic=52

MQL Harmonic Indicator in MT4 / MT5 Indicators_topic=52

Source Code Available: If you would like the source code of this to make your own modifications or for other reasons, please email support@mql-programming.com for the fee.

Feel free to post your comments, questions, concerns, and bug reports in this forum section.

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

Posts: 5063 · #2 - June 13, 2018, 12:53:57 AM

Here is a recent example from the GBPUSD Daily chart. The Shark pattern is one of the patterns it recognizes, but it recognizes many other patterns as well.

Posts: 5063 · #3 - June 13, 2018, 04:06:30 PM

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

Posts: 5063 · #4 - June 17, 2018, 11:49:22 PM

Here are some recent signals generated by the MQL Harmonic Indicator. All seem to suggest a coming bullish move for the EURUSD in near the future.

1) EURUSD H4 : Shark Pattern (Bullish)

2) EURUSD Daily : ABCD Pattern (Bullish)

3) EURUSD Weekly : 5-0 Pattern (Bullish)

4) EURUSD Monthly : 5-0 Pattern (Bullish)

Posts: 5063 · #5 - October 02, 2018, 01:03:49 PM

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.

Posts: 5063 · #6 - October 02, 2018, 01:18:37 PM

Here is a long-term Shark pattern for XAUUSD (Gold) generated by the MQL Harmonic Indicator. It was produced on the Weekly chart on the FxChoice MT4. See attachment.

Posts: 5063 · #7 - October 03, 2018, 08:12:42 PM

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.

Posts: 5063 · #8 - October 04, 2018, 12:52:51 PM

An ABCD pattern was recently successful on the EURUSD H1. The price hit the 3rd target before reversing down again. This pattern gave plenty of room for profit. See the attached before and after images.

Posts: 5063 · #9 - October 05, 2018, 10:11:50 PM

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.

Posts: 5063 · #10 - October 23, 2018, 12:53:12 PM

The 1st target of the Shark pattern for the Gold Weekly chart has been reached. See attachment. More bullish movement may be on the way in the future as there are more possible targets. It might be a good idea to buy on pullbacks in price.

Posts: 1 · #11 - October 25, 2018, 11:09:51 AM

the new this forum theme make hard to read the content

Posts: 5063 · #12 - October 25, 2018, 11:18:46 AM

Quote from: adamph on October 25, 2018, 11:09:51 AM

the new this forum theme make hard to read the content

I don't understand. Please rephrase your comment. Also, if you have any suggestions or feedback about the forum, please post it in the relevant section.

Posts: 5063 · #13 - November 30, 2018, 12:58:47 PM

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

Posts: 5063 · #14 - January 09, 2019, 03:23:42 PM

The 2nd and 3rd targets have been reached for the Shark pattern on the Gold Weekly chart. That pattern should now be considered complete.

Posts: 5063 · #15 - January 09, 2019, 03:26:49 PM

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.