Steel Style Indicator - Advanced Harmonic Pattern Detector

"Master the Markets with Precision - Trade Harmonic Patterns Like a Pro!"

📌 Overview

The Steel Style indicator is a powerful harmonic pattern detection tool for MetaTrader 4 (MT4). It identifies Gartley, Butterfly, Bat, Crab, AB=CD, Wolfe Waves, and 5-0 patterns with high accuracy, helping traders spot high-probability reversal zones.

Developed by R.KH 1001 and available on RoboMQL, this indicator is ideal for swing traders, harmonic pattern traders, and technical analysts.

⚙️ How It Works

The indicator scans price action using ZigZag-based swing detection to identify potential harmonic patterns. It then validates these patterns using Fibonacci ratios and displays them with clear visual markers.

Key Features:

✅ Multiple Pattern Detection – Identifies 7+ harmonic patterns.

✅ Customizable Sensitivity – Adjust depth & deviation for pattern accuracy.

✅ Real-Time & Historical Analysis – Works on both forming and completed patterns.

✅ Visual Alerts – Draws patterns with labels, Fibonacci targets, and trendlines.

✅ Multi-Timeframe Support – Adapts to any chart timeframe.

🔧 Indicator Settings

Input Parameters:

ParameterDescriptionDefault Value

FuturePatternDetect forming patterns (not yet completed).false

ExtSaveSave patterns on the chart.false

ExtDepthZigZag depth (0 = auto-detect).0

ExtPointNumber of ZigZag points to analyze.5

minDepth / maxDepthMin/Max pattern depth for detection.3 / 50

ExtDopuskRatio tolerance for pattern validation.0.05 (5%)

TimeDopuskTime symmetry tolerance.0.2 (20%)

Pattern TogglesEnable/disable specific patterns:

GartleyDetect Gartley patterns.true

Pattern_50Detect 5-0 patterns.true

ABCDDetect AB=CD patterns.true

WolfWavesDetect Wolfe Waves.false

Visual SettingsCustomize colors & alerts:

ExtColorGartleyPattern color.clrGold

ExtColorRetFibonacci level color.Black

📈 Trading Strategies

1. Pattern Confirmation

Bullish Patterns (Gartley, Crab, Bat) → Look for long entries at point D.

Bearish Patterns → Look for short entries at point D.

2. Wolfe Waves Trading

Entry: At breakout of the trendline (point 5).

Target: Projected reversal zone (point 6/7).

3. AB=CD Strategy

Entry: At completion of point D.

Target: 1.618 Fibonacci extension of AB=CD leg.

🔔 Alert Conditions

The indicator draws patterns directly on the chart with:

Labels (Pattern name + direction).

Fibonacci retracement/projection zones.

Target levels (for TP/SL placement).

📌 Final Notes

The Steel Style indicator is a professional-grade harmonic scanner that saves hours of manual analysis. Its customizable settings make it suitable for all trading styles, from scalping to swing trading.

🔹 Developer: R.KH 1001

🔹 Source: RoboMQL

"Trade Smarter with Steel Precision – Let Harmonic Forces Guide Your Trades!" 🚀