Classic Shark Harmonic Pattern Indicator for MT5 [Free] TFlab

The Classic Shark Harmonic Pattern Indicator for MetaTrader 5 automatically detects the Shark harmonic pattern using critical Fibonacci ratios such as 88.6%, 113%, and 161.8%. It highlights the Potential Reversal Zone (PRZ) where the price is likely to shift direction, providing early entries in emerging trends.
This MT5 harmonic pattern tool draws the structure once the sequence of points O, X, A, B, and C aligns, helping traders visually interpret key reversal formations with minimal manual work.

You can download it from this link:
https://cdn.tradingfinder.com/file/3...attern-mt5.zip



You can also access the MetaTrader 4 version of this indicator through this page:
https://www.forexfactory.com/thread/...r-for-mt4-free

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader




Indicator Specifications

Categories
Support & Resistance – Chart Patterns – Harmonic
Platform
MetaTrader 5
Skill Level
Elementary
Indicator Type
Reversal
Timeframes
Multi-Timeframe
Trading Style
Day Trading
Markets Supported
Forex – Cryptocurrency – Stock Market – Share Stocks – Forward Market
Bullish Shark Pattern
The GBP/USD chart demonstrates a bullish Shark setup where the price declines from O to X, retraces to A, extends to B, and finally reaches point C. This completion zone lies within the 0.886 to 1.13 Fibonacci range of the OX wave.
Once the price touches point C and reversal confirmation appears (e.g., bullish candlesticks or oscillator divergence), traders can expect a new uptrend from the PRZ.
Bullish Shark pattern completion and price bounce at point C on GBP/USD
Bearish Shark Pattern
In a bearish Shark formation, seen on the EUR/CAD chart, price rises from O to B, eventually entering the PRZ near point C. This zone lies within the 0.886–1.13 Fibonacci extension of the OX wave and often coincides with technical resistance or overbought levels.
Weakening bullish momentum and reversal signals at this level increase the likelihood of a downward price reversal.
Bearish Shark pattern completed near resistance on EUR/CAD with reversal signal
Classic Shark Harmonic Pattern Indicator Settings
The MT5 version of the indicator offers fine control over how harmonic patterns are detected and displayed:

1. Minimum Length of Wave (candle): Minimum number of candles for wave formation
2. Num Of Previous Candle: Number of bars analyzed for pattern detection
3. Show Lines: Enable or disable visual pattern lines
4. BreakPivot: Checks for broken pivot conditions
5. Original Pivot to Broken Pivot (Pipet): Tolerance for pivot break distance
6. Shift: Adjust horizontal displacement of the pattern
7. BullishPattern / BearishPattern: Toggle detection for each direction
8. Style Of Line / Width Of Line: Customize visual appearance of lines
9. Custom Color Lines (Bearish/Bullish): Color settings for both pattern types
10. Custom Color Of Text: Adjust label colors for better visibility

Flexible MT5 settings panel for precise pattern control and visualization
Conclusion
The Classic Shark Harmonic Pattern Indicator for MetaTrader 5 is a precise charting tool for identifying reversal zones through the harmonic Shark structure. By applying Fibonacci measurements of 88.6%, 113%, and 161.8%, the indicator pinpoints potential turning points with high accuracy.
Whether you're trading forex, crypto, or stocks, this indicator automates the detection of one of the most structurally complex patterns and offers actionable insights for timely trade entries in trending or reversing markets.