Classic Bat Harmonic Pattern Indicator MT4 Download [Free] TFlab

The Classic Bat Harmonic Pattern Indicator (MT4) is a widely used tool in harmonic trading strategies. Based on precise Fibonacci ratios, this MT4 indicator helps traders identify high-probability reversal zones.
The indicator automatically draws the bullish Bat pattern in pink and the bearish Bat pattern in blue, visually marking potential trade entry points at key harmonic completion areas.

You can download it from this link:
https://cdn.tradingfinder.com/file/3...4-by-tflab.zip

You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...-download-free

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader




Indicator Specifications

Categories
Chart & Classic – Harmonic – Candlestick
Platform
MetaTrader 4
Skill Level
Intermediate
Indicator Type
Reversal
Timeframes
Multi-Timeframe
Trading Style
Intraday
Markets Supported
Forex – Cryptocurrency – Stock Market – Share Stocks – Indices – Commodity Market
Bullish Classic Bat Pattern
On the 30-minute EUR/USD chart, the indicator detects a bullish Bat pattern. The final leg, wave C-D, retraces to the 88.6% Fibonacci level of wave X-A, confirming a potential buy opportunity at point D.
This zone, known as the Potential Reversal Zone (PRZ), is crucial for trade entries with a bullish expectation.
EUR/USD chart showing bullish Bat pattern and entry at point D
Bearish Classic Bat Pattern
In the 1-hour Bitcoin (BTC) chart, the tool illustrates a bearish Bat pattern. After an upward correction, the price reaches point D, which coincides with the 88.6% retracement of the X-A wave, signaling a potential sell entry.
This pattern structure often marks the end of a bullish phase and the start of a new downtrend.
BTC chart showing bearish Bat pattern and sell zone confirmation at point D
Classic Bat Harmonic Pattern Indicator Settings
This indicator comes with adjustable parameters that allow customization for different chart setups and trading strategies:

1. Minimum Length of Wave (candle): Minimum number of candles required to form a valid wave
2. Num of Previous Candle: Number of historical candles used for pattern detection
3. Show Lines: Toggle pattern lines on/off
4. Break Pivot: Enable pivot break confirmation
5. Original Pivot to Broken Pivot (Pipet): Tolerance level in pips for pivot break distance
6. Shift: Move pattern display horizontally on the chart
7. Bullish Pattern: Enable or disable bullish pattern drawing
8. Bearish Pattern: Enable or disable bearish pattern drawing
9. Style of Line: Set line connection style
10. Width of Line: Adjust thickness of pattern lines
11. Custom Color Lines (Bearish Harmonic): Set color for bearish pattern lines
12. Custom Color Lines (Bullish Harmonic): Set color for bullish pattern lines
13. Custom Color of Text: Define color for text and labels

Settings panel of the Classic Bat Harmonic Pattern Indicator in MT4
Conclusion
The Classic Bat Harmonic Pattern Indicator for MT4 is a precision-based tool for identifying reversal opportunities using harmonic geometry and Fibonacci levels.
It simplifies the detection process by automatically plotting bullish and bearish Bat patterns and allowing traders to fine-tune parameters such as wave length, pivot breaks, and color schemes. This makes it a powerful ally for harmonic and price action traders seeking optimal entry zones.

Hello, I want to ask about the indicator. Does the indicator only show the pattern of points X, A, B, C, D when it detects point D of the pattern? So if the pattern suddenly appears and I am not looking at the candlestick chart, will I miss the opportunity, sir? thank you.