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Harmonic Butterfly MT5


this index detects and displays this M. Hartley “Butterfly” pattern on the graph. Pattern selection is created on the vertices of the zigzag indicator (contained in the resources, does not require additional installation). when the pattern is comprehended, a message is displayed in a pop-up window, and alarms are sent to the mobile device and email inbox. The pattern diagram and wave parameters are shown in the screenshot. The default parameters set in the indicator are demo parameters to increase the number of accepted shapes.

  • zzDepth, zzDev, zzBack – parameters of the ZigZag indicator
  • factorab_min, factorab_max – minimum and maximum ratio of AB and AX levels (see screenshot)
  • factorbc_min, factorbc_max – minimum and maximum ratio of BC and AB levels (see screenshot)
  • factorcd_min, factorcd_max – minimum and maximum ratio of CD and BC levels (see screenshot)
  • factorad_min, factorad_max – minimum and maximum ratio of AD and AX levels (see screenshot)
  • bearcolor – color of the bearish figure display
  • bullcolor – color of the bullish figure display
  • CountBars-limit the number of bars to be processed by the indicator (reduces the initial loading time)
  • UseAlert – allow pop-up messages
  • usenotification-allowing push notifications
  • usemail-Allowing email notifications
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