Shepherd Harmonic Pattern MT4 V9.7

The Shepherd Harmonic Patterns Indicator is an MT4 indicator that tells about harmonic patterns. Harmonic patterns use Fibonacci numbers to create geometrical shapes on the price action. There are many types of harmonic patterns. These include; Gartley, Bat, Crab, Shark, Butterfly, and others. The Indicator helps in recognizing these patterns. It mentions the pattern name along with the entry and exit zones.

On the top, traders can see pip value, lot size, spread, price action, and divergence. Also, the indicator illustrates a dashboard on the chart on which types of harmonic patterns are present. The Indicator works best on all timeframes, and traders can switch the timeframe easily through the indicator’s dashboard.

Shepherd Harmonic Patterns Indicator BUY/SELL signals

The above EUR/USD Daily chart shows the indicator. To determine BUY and SELL signals, traders need to follow the indicator’s instructions. For instance, on the above chart, the Indicator mentions the Bat pattern and highlights the entry zone. Here traders could enter long and exit when the indicator formed a highlighted bar at the top.

It also tells the inside, outside, and pinbar patterns. These patterns often indicate the pullback so traders can exit their positions. So, the indicator does all the work for the traders. You need to follow the instructions. Although the Shepherd Harmonic Patterns Indicator works best individually, traders can use other indicators.