The Bat Harmonic Dashboard Indicator is knowledgeable multi-symbol, multi-timeframe buying and selling device that automates the detection of Bat harmonic patterns. It scans as much as 20 devices throughout 9 timeframes and presents each validated sample in a compact, interactive six-column dashboard with configurable Fibonacci ratio ranges.
Key Options:
- Automated Bat Detection: Identifies each Bullish (LHLHL) and Bearish (HLHLH) Bat patterns utilizing swing pivot evaluation
- Fibonacci Validation: 4-ratio validation — XAB (38.2%-50%), ABC (38.2%-88.6%), BCD (161.8%-261.8%), XAD (88.6% ±5%)
- Multi-Image Monitoring: Watch as much as 20 forex pairs, metals, indices, or crypto belongings concurrently
- Multi-Timeframe Evaluation: Monitor M1 by means of Month-to-month timeframes (9 timeframes)
- Non-Repainting Alerts: Makes use of confirmed swing pivots with right-bar validation — indicators by no means disappear
- Yellow Triangle Visualization: Accomplished patterns are drawn with three crammed yellow triangles (XAB, ABC, BCD) and labeled X/A/B/C/D factors
- 6-Column Dashboard: Image, Timeframe, Course, Sample, Age, and Chart navigation
- 4-Channel Alerts: Popup, sound, electronic mail, and push notifications with sample particulars
Obtain the indicator:
TIP: At all times mix sample indicators with correct place sizing and danger administration — by no means danger greater than 1-2% of your account on a single commerce.
Understanding the Bat Sample
What’s the Bat Sample?
The Bat sample is a 5-point XABCD harmonic sample found by Scott Carney in 2001. It defines exact potential reversal zones utilizing 4 Fibonacci ratio checks between the X, A, B, C, and D swing factors. The XAD retracement of 88.6% is the important thing defining ratio that distinguishes the Bat from different harmonic patterns. When all 4 ratios are glad, the D level marks a high-probability reversal zone.
Bullish Bat (BUY Sign)
The bullish sample follows a Low-Excessive-Low-Excessive-Low (LHLHL) sequence:
- X (Low): Beginning swing low
- A (Excessive): Value rises from X to A
- B (Low): Value retraces down from A, however B should be ABOVE X
- C (Excessive): Value retraces upward from B, however C should be BELOW A
- D (Low): Value drops from C to D, and D should be ABOVE X — BUY HERE
Bearish Bat (SELL Sign)
The bearish sample follows a Excessive-Low-Excessive-Low-Excessive (HLHLH) sequence:
- X (Excessive): Beginning swing excessive
- A (Low): Value drops from X to A
- B (Excessive): Value retraces up from A, however B should be BELOW X
- C (Low): Value retraces downward from B, however C should be ABOVE A
- D (Excessive): Value rises from C to D, and D should be BELOW X — SELL HERE
Fibonacci Ratios
| Measurement | Legitimate Vary | Description |
|---|---|---|
| XAB Retracement | 0.382 – 0.50 of XA | Level B retraces 38.2% to 50% of the XA leg |
| ABC Retracement | 0.382 – 0.886 of AB | Level C retraces 38.2% to 88.6% of the AB leg |
| BCD Extension | 1.618 – 2.618 of BC | Level D extends 161.8% to 261.8% of the BC leg |
| XAD Retracement | 0.886 of XA (with 5% tolerance) | Level D retraces 88.6% of the XA leg — KEY RATIO |
The indicator validates all 4 ratios earlier than displaying a sample on the dashboard. Solely patterns that move each Fibonacci verify seem as indicators.
NOTE: The indicator makes use of confirmed swing pivots (with Pivot Proper Bars of right-side affirmation) to determine X, A, B, C, and D factors. A sample is simply confirmed after level D has been validated by subsequent bars, making certain non-repainting indicators.
Set up Information
For MetaTrader 4
- Find Bat_Harmonic_Dashboard_Indicator.ex4 in your downloads
- Open MetaTrader 4 and click on File > Open Knowledge Folder
- Navigate to MQL4 > Indicators and duplicate the file there
- Press Ctrl+N to open the Navigator, right-click “Indicators” and choose Refresh
Path: C:Customers(YourName)AppDataRoamingMetaQuotesTerminal(ID)MQL4Indicators
For MetaTrader 5
- The indicator installs routinely through the MQL5 Market after buy
- Press Ctrl+N and increase Indicators > Market to seek out it
Including to a Chart
- Double-click the indicator within the Navigator, or drag and drop onto any chart
- Modify settings as wanted and click on OK
After making use of, you will notice:
- Dashboard Panel: Separate window beneath your chart exhibiting all detected patterns
- Sample Visualization: Three yellow-filled triangles (XAB, ABC, BCD), X/A/B/C/D labels, and BUY/SELL ENTRY arrows
NOTE: Connect the indicator to a chart of one of many monitored symbols to see the sample visualization on that pair.
Dashboard Overview
The dashboard shows in a separate indicator window beneath your fundamental chart. It presents all detected Bat patterns in a scrollable desk with six columns:
| Column | Description |
|---|---|
| Image | Instrument the place the sample was detected (e.g., EURUSD) |
| Timeframe | Chart interval (M5, M15, H1, H4, D1, and so forth.) |
| Course | Inexperienced = Bullish/BUY, Pink = Bearish/SELL |
| Sample | “Bullish Bat” or “Bearish Bat” when lively; “—” when no sample |
| Age | Bars since level D shaped (sign freshness) |
| Chart | Click on to navigate to that image and timeframe |
Utilizing the Dashboard
- Scrolling: Use the scrollbar on the correct aspect to view extra rows when there are extra indicators than seen rows
- Fast Navigation: Click on any row’s “Chart” button to immediately swap your fundamental chart to that image and timeframe
- Coloration Coding: Inexperienced background tint for Bullish patterns, Pink for Bearish
- Contemporary Alerts: Search for patterns with low Age values (1-5 bars) for the newest setups
- Seen Rows: The variety of concurrently seen rows is configurable (default: 12)
TIP: Use the dashboard to shortly scan all of your markets for Bat patterns. If you spot an attention-grabbing setup, click on the Chart button to examine the sample visually earlier than making a buying and selling choice.
Enter Parameters Reference
Dashboard Settings
| Parameter | Default | Description |
|---|---|---|
| Symbols | EURUSD,GBPUSD,USDCAD,USDJPY | Comma-separated symbols to watch (as much as 20) |
| Image Prefix | (empty) | Dealer prefix, e.g., “x” for xEURUSD |
| Image Suffix | (empty) | Dealer suffix, e.g., “.professional” for EURUSD.professional |
| Allow M1 | false | Toggle M1 scanning |
| Allow M5 | true | Toggle M5 scanning |
| Allow M15 | true | Toggle M15 scanning |
| Allow M30 | true | Toggle M30 scanning |
| Allow H1 | true | Toggle H1 scanning |
| Allow H4 | true | Toggle H4 scanning |
| Allow D1 | true | Toggle D1 scanning |
| Allow W1 | true | Toggle W1 scanning |
| Allow MN | false | Toggle Month-to-month scanning |
| Seen Rows | 12 | Rows displayed in dashboard directly |
Bat Sample Settings
| Parameter | Default | Description |
|---|---|---|
| Pivot Left Bars | 5 | Bars left for swing pivot affirmation. Increased = main swings solely |
| Pivot Proper Bars | 5 | Bars proper for swing pivot affirmation. Ensures non-repainting |
| XAB Min Retracement | 0.382 | Minimal XAB ratio (38.2% of XA) |
| XAB Max Retracement | 0.50 | Most XAB ratio (50% of XA) |
| ABC Min Retracement | 0.382 | Minimal ABC ratio (38.2% of AB) |
| ABC Max Retracement | 0.886 | Most ABC ratio (88.6% of AB) |
| BCD Min Extension | 1.618 | Minimal BCD extension (161.8% of BC) |
| BCD Max Extension | 2.618 | Most BCD extension (261.8% of BC) |
| XAD Ratio | 0.886 | Goal XAD retracement (88.6% of XA) — key Bat ratio |
| XAD Tolerance | 0.05 | Tolerance for XAD validation (±5%) |
| Max Historical past Bars | 500 | Historic bars to scan per symbol-timeframe |
Chart Show Settings
| Parameter | Default | Description |
|---|---|---|
| Present Bat Sample | true | Draw yellow triangle sample overlay on chart |
| Present BUY/SELL Arrows | true | Show BUY/SELL ENTRY arrows at level D |
| Present Sample Labels | true | Show X, A, B, C, D labels at swing factors |
| Bullish Sample Coloration | Lime | Coloration for bullish (BUY) parts |
| Bearish Sample Coloration | Pink | Coloration for bearish (SELL) parts |
| Sample Fill Coloration | Yellow | Fill shade for triangles |
| Sample Line Coloration | Black | Line shade connecting X-A-B-C-D |
| Arrow Measurement | 4 | Entry arrow dimension (scale 1-5) |
| Arrow Hole (ATR mult.) | 0.8 | Arrow distance from D level as ATR multiplier |
Alert Settings
| Parameter | Default | Description |
|---|---|---|
| Alert Title | “Bat Harmonic Dashboard” | Title prefix for alert messages |
| Allow Popup Alerts | true | Present popup dialog on new sample |
| Allow Sound Alerts | true | Play WAV sound on new sample |
| Sound File | alert2.wav | WAV file in MT4/MT5 Sounds folder |
| Allow E-mail Alerts | false | Ship electronic mail on new sample (requires electronic mail config) |
| Allow Push Notifications | true | Ship cellular push through MT4/MT5 app |
IMPORTANT: The supply code makes use of InpAlertTitle = “Bat Harmonic Dashboard” because the default alert title. Alerts hearth solely as soon as per sample per symbol-timeframe to stop duplicate notifications.
Chart Sample Visualization
When a Bat sample is detected on the present chart image and timeframe, the indicator attracts the next visible parts:
Yellow Triangle Fill
Three crammed triangles are drawn to focus on the five-point sample construction:
- Triangle 1 (XAB): Connects factors X, A, and B with a yellow crammed space
- Triangle 2 (ABC): Connects factors A, B, and C with a yellow crammed space
- Triangle 3 (BCD): Connects factors B, C, and D with a yellow crammed space
The triangles use the configurable Sample Fill Coloration (default: Yellow). Black traces ( Sample Line Coloration ) join X to A, A to B, B to C, and C to D to stipulate the sample.
X/A/B/C/D Level Labels
Every swing level is labeled with pink textual content:
- X — Origin level of the sample
- A — Finish of the primary leg (XA)
- B — Finish of the retracement leg (AB)
- C — Finish of the second retracement leg (BC)
- D — Sample completion level (entry zone)
Labels are positioned barely offset from the value level to keep away from overlapping with candlesticks.
BUY ENTRY / SELL ENTRY Arrows
At level D, a big arrow is drawn to point the sign course:
- Bullish (BUY): An upward-pointing arrow in Lime (inexperienced) shade, positioned beneath the D level
- Bearish (SELL): A downward-pointing arrow in Pink, positioned above the D level
The arrow dimension is configurable (default: 4 on a 1-5 scale) and the space from value is managed by the Arrow Hole parameter (default: 0.8 x ATR).
TIP: If the yellow triangles or arrows are too giant or too small in your display, alter the Arrow Measurement and Arrow Hole parameters. For increased timeframes (H4, D1), it’s your decision a bigger arrow dimension to maintain indicators seen.
Alert Configuration
Alert Message Format
When a brand new Bat sample is detected, the alert message incorporates all important info:
Bat Harmonic Dashboard: EURUSD BULLISH BAT (BUY) sample on H1
The message tells you: the image, the sample sort (Bullish or Bearish), the buying and selling course (BUY or SELL), and the timeframe.
Setting Up E-mail Alerts
- Go to Instruments > Choices > E-mail and configure your SMTP server
- Ship a check electronic mail to confirm, then set Allow E-mail Alerts to true
Setting Up Push Notifications
- Set up the MetaTrader cellular app and discover your MetaQuotes ID in Settings
- In desktop MetaTrader, go to Instruments > Choices > Notifications and enter the ID
- Click on “Check” to confirm, then set Allow Push Notifications to true
Alert Finest Practices
- Hold Popup and Sound Alerts enabled for speedy desk notification
- Use Push Notifications for cellular alerts when away from the pc
- E-mail Alerts create a helpful log of all detected patterns
- Alerts hearth as soon as per sample per symbol-timeframe to stop duplicates
Buying and selling Methods
Technique 1: Direct Entry at Level D
- Anticipate a brand new Bat sample on the dashboard (Age = 1-2)
- Click on Chart to view the sample and confirm the triangles and labels look clear
- Enter on the present value close to level D
- Cease Loss: Past D by a buffer (e.g., 1x ATR). For Bullish Bat, cease beneath D however above X
- Take Revenue: Goal B stage first, then C or A stage for prolonged targets
- Typical risk-reward: 1:1.5 to 1:3 relying on sample geometry
Technique 2: Affirmation Entry
Anticipate value affirmation earlier than getting into:
- Word the D level stage when a brand new Bat sample seems
- For Bullish: look ahead to a bullish shut above the D-bar excessive. For Bearish: look ahead to a bearish shut beneath the D-bar low
- Enter after the affirmation candle closes
- Cease Loss: Beneath D (Bullish) or above D (Bearish)
- Take Revenue: B stage first, A stage as prolonged goal
Barely worse entry value however considerably fewer false indicators.
Technique 3: Multi-Timeframe Confluence
Discover patterns aligning throughout a number of timeframes:
- Look for a similar image exhibiting Bat patterns on two or extra timeframes (e.g., EURUSD Bearish Bat on H1 and H4)
- Enter on the decrease timeframe sample within the course confirmed by the upper timeframe
- Use the upper timeframe B and A ranges as prolonged targets
TIP: Multi-timeframe confluence is among the strongest filters for Bat sample buying and selling. When the dashboard reveals the identical course on two or extra timeframes for a logo, the likelihood of a profitable reversal will increase considerably.
Pivot & Ratio Tuning
Adjusting Pivot Sensitivity
These parameters management how important a swing should be to qualify as an X, A, B, C, or D level:
| Setting | Pivot Bars | Impact | Finest For |
|---|---|---|---|
| Aggressive | 3-4 | Finds minor swings, extra patterns, quicker detection | Scalping M1-M15 |
| Default | 5 | Balanced between high quality and amount | Day buying and selling M15-H4 |
| Conservative | 7-10 | Solely main swings, fewer however higher-quality patterns | Swing buying and selling H4-D1 |
Adjusting Bat Fibonacci Ranges
| Buying and selling Model | XAB Vary | ABC Vary | BCD Vary | XAD Tolerance | Patterns Discovered |
|---|---|---|---|---|---|
| Strict | 0.40 – 0.48 | 0.50 – 0.786 | 1.80 – 2.40 | 3% | Few, prime quality |
| Default | 0.382 – 0.50 | 0.382 – 0.886 | 1.618 – 2.618 | 5% | Balanced |
| Relaxed | 0.35 – 0.55 | 0.30 – 0.90 | 1.50 – 3.0 | 8% | Many, wider standards |
Suggestions by instrument sort:
- Main Foreign exchange Pairs: Default settings work effectively. Clear harmonic patterns with dependable Fibonacci relationships
- Minor/Unique Foreign exchange: Barely relaxed settings (XAD tolerance 6-8%) as value motion is much less uniform
- Gold/Silver (XAUUSD, XAGUSD): Default or barely strict. Metals produce well-defined Bat patterns
- Crypto (BTCUSD, ETHUSD, SOLUSD): Relaxed settings (XAD tolerance 8%) attributable to increased volatility
- Indices (US500, US30): Default settings. Index patterns are usually well-formed
Max Historical past Bars
| Worth | Impact | Finest For |
|---|---|---|
| 200 | Sooner calculation, solely latest patterns | Scalping, low-resource methods |
| 500 (default) | Good stability of depth and efficiency | Most buying and selling eventualities |
| 1000+ | Finds bigger patterns spanning many bars | Increased timeframes (D1, W1) |
Dealer Image Configuration
Many brokers add prefixes or suffixes to image names. In case your dealer’s EURUSD seems otherwise in Market Watch, configure the prefix and/or suffix:
Frequent Examples
| Dealer Image | Prefix | Suffix |
|---|---|---|
| EURUSD | (empty) | (empty) |
| xEURUSD | x | (empty) |
| EURUSD.professional | (empty) | .professional |
| mEURUSD.i | m | .i |
| EURUSD_SB | (empty) | _SB |
Find out how to Configure
- Open Market Watch (Ctrl+M) and notice the precise image title (e.g., “EURUSDpro”)
- Establish the prefix (earlier than “EURUSD”) and suffix (after “EURUSD”)
- Enter prefix in Image Prefix , suffix in Image Suffix
- In Symbols , enter base names with out prefix/suffix: EURUSD,GBPUSD,USDJPY
The indicator routinely combines prefix + base title + suffix to seek out right symbols.
TIP: In case your dashboard reveals “—” for all entries, the commonest trigger is inaccurate image names. Examine Market Watch and confirm your prefix/suffix settings match your dealer’s naming conference.
Troubleshooting
Dashboard Exhibits “—” for All Entries
Potential causes:
- Flawed image names: Confirm symbols match your dealer’s naming in Market Watch (Ctrl+M)
- Lacking prefix/suffix: Set Image Prefix and Image Suffix to match your dealer
- Symbols not loaded: Add lacking symbols through Market Watch > right-click > Symbols
- No patterns discovered: Attempt growing Max Historical past Bars
No Arrows or Triangles on Chart
- Confirm Present Bat Sample and Present BUY/SELL Arrows are set to true
- Guarantee chart image is in your monitored symbols checklist and timeframe is enabled
- If the dashboard row reveals “—“, no lively sample exists for that symbol-timeframe
Alerts Not Working
- Popup not showing: Examine Allow Popup Alerts is true and MT4/MT5 permits alerts (Instruments > Choices > Occasions)
- No sound: Confirm sound file exists within the Sounds folder
- E-mail not obtained: Configure electronic mail in Instruments > Choices > E-mail first
- Push not obtained: Confirm MetaQuotes ID in Instruments > Choices > Notifications
Indicator Masses Slowly
- Scale back monitored symbols or disable unneeded timeframes (e.g., M1, MN)
- Scale back Max Historical past Bars from 500 to 200-300
- The primary load is at all times slower; subsequent calculations are quicker
FAQ
Q: Does this indicator repaint? A: No. The indicator makes use of confirmed swing pivots requiring Pivot Proper Bars (default: 5) bars of right-side affirmation. As soon as displayed, patterns by no means change or disappear.
Q: Can I exploit this on any image? A: Sure. It really works on any image in your MetaTrader terminal — foreign exchange, metals, crypto, indices, and extra.
Q: What timeframes work greatest? A: The indicator works on all timeframes from M1 to Month-to-month. For day buying and selling, M15-H1 supplies good frequency and high quality. For swing buying and selling, H4-D1 supplies higher-quality patterns. The Bat sample performs particularly effectively on H1 and H4.
Q: What number of symbols can I monitor? A: As much as 20 symbols concurrently. Enter them as a comma-separated checklist within the Symbols parameter.
Q: Does the indicator present Entry, Cease Loss, and Take Revenue ranges? A: The indicator identifies the D level (entry zone) however doesn’t calculate particular SL/TP ranges. Set your cease loss past D and goal the B or A stage for take revenue based mostly in your danger administration guidelines.
Q: What’s the distinction between the MT4 and MT5 variations? A: Each use equivalent detection logic. The MT5 model makes use of handle-based calculations and enter group group. Performance and output are the identical.
Q: How do I do know if a sample remains to be legitimate? A: Examine the Age column. Low Age values (1-5 bars) are freshest. As Age will increase, the entry window might have handed. Additionally verify if value has moved considerably from D.
Q: Can I alter the Fibonacci ratios? A: Sure. All Fibonacci ranges are totally configurable. You may alter XAB Min/Max Retracement, ABC Min/Max Retracement, BCD Min/Max Extension, XAD Ratio, and XAD Tolerance to match your most well-liked harmonic buying and selling model.
Q: How does the Bat sample differ from the Gartley sample? A: Each are 5-point XABCD harmonic patterns, however they differ in key Fibonacci ratios. The Bat has an XAD retracement of 88.6% vs the Gartley’s 78.6%, making the Bat a deeper retracement sample. The Bat’s XAB ratio is 38.2%-50%, whereas the Gartley requires 61.8%. The deeper D-point retracement typically supplies tighter stop-loss placement relative to X, bettering risk-reward ratios.
Obtain the indicator:
For those who need assistance with the Bat Harmonic Dashboard Indicator:
Product Pages:
Contact:
- Developer: Forexobroker – Dominic Walsh
- Web site: www.forexobroker.com
- MQL5 Profile: Use the “Message” button on the product web page to contact the developer straight
Getting Assist:
- Use the Feedback part on the product web page for normal questions
- Use the non-public Message function for account-specific points
- Embody your MetaTrader model (MT4 or MT5) and dealer title when reporting points
Danger Disclaimer
Buying and selling international trade, metals, cryptocurrencies, and different monetary devices on margin carries a excessive stage of danger and is probably not appropriate for all traders. Earlier than deciding to commerce, fastidiously think about your funding targets, stage of expertise, and danger urge for food.
The Bat Harmonic Dashboard Indicator is a technical evaluation device that identifies patterns in historic value information. It doesn’t assure future outcomes. Previous efficiency just isn’t indicative of future outcomes.
Key Danger Issues:
- By no means danger greater than 1-2% of your account on a single commerce
- At all times use cease losses
- Apply on a demo account earlier than buying and selling with actual cash
- The indicator identifies patterns; it doesn’t make buying and selling selections for you
- Harmonic patterns have a statistical edge however don’t work 100% of the time
The developer and writer settle for no legal responsibility for any buying and selling losses incurred whereas utilizing this product. Use it at your individual danger.