Bearish Harmonic Patterns Indicator for Prorealtime
Bearish Harmonic Patterns Indicator for Prorealtime
Trade 12 Bearish Harmonic Patterns Automatically
Trading harmonic patterns is often reserved for experienced traders — recognizing them manually requires precision and a deep understanding of Fibonacci ratios.
The Bearish Harmonic Patterns Indicator for ProRealTime automatically identifies advanced reversal zones based on harmonic geometry. It detects complex structures such as the Bearish Gartley, Bat, Crab, Butterfly, and many more — all in real time directly from your charts.
This tool allows you to anticipate potential bearish reversals with high accuracy, improving both your entry timing and risk management.
✅ Includes a real-time screener that instantly finds new trading opportunities.
Try the indicator for Free
Start a FREE TRIAL with the Bearish Harmonics indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Bearish Harmonics indicator is available on the Prorealcode marketplace. After obtaining a license, you can install it directly on your ProRealTime platform and start scanning for harmonic setups.
Key Features
Pattern Recognition
Automatically identifies the twelve most reliable bearish harmonic patterns, helping you spot setups instantly.
Sell Signal Detection
Generates real-time sell signals for reversal, continuation, and trend resumption scenarios.
Fibonacci Level Display
Visualizes key Fibonacci levels on your chart for precise price structure analysis.
Signal Confirmation
Use volume, strength, and trend filters to validate signals and focus on high-quality trades.
Target Display
The indicator displays price targets on the chart. You will optimize your exit conditions.
Stop-loss Display
The indicator displays stop losses on the chart. You will protect your capital.
Market Scanner
A harmonic screener is included — scan all markets and timeframes in real time.
Automated Trading
The indicator is compatible with ProBacktest. You will backtest your configurations.
Full Customization
Adapt the indicator to your trading style by selecting patterns, signals, filters, and display preferences.
Why trade harmonic patterns?
Harmonic patterns are precise geometric structures based on Fibonacci ratios. They help traders anticipate market reversals before they happen, providing high-probability entries at key turning points.
The following example shows a bearish harmonic pattern followed by a powerful bear trend:
Why use the Bearish Harmonics indicator?
This indicator scans the market in real time and identifies price structures that match predefined Fibonacci ratios corresponding to known harmonic patterns. When a valid bearish pattern is detected, the potential reversal zone (PRZ) is highlighted directly on the chart — helping you spot short opportunities before they happen.
1. Harmonic Pattern Recognition
Identifying harmonic patterns on a chart can be a very time-consuming task. It would require knowing all the Fibonacci ratios inside and out. The indicator recognizes the twelve most favourable bearish harmonic patterns. You will immediately spot patterns on your charts.
You can select the patterns of your choice in the indicator settings:
- Bearish Butterfly
- Bearish Bat
- Bearish Crab
- Bearish Cypher
- Bearish 5-0 Pattern
- Bearish AB=CD
- Bearish Gartley
- Bearish Alt Bat
- Bearish Deep Crab
- Bearish Shark
- Bearish Three Drives
- Bearish Alt AB=CD
Each pattern is clearly displayed on your charts, allowing you to identify setups at a glance. Here are examples of the twelve harmonic patterns detected by the Bearish Harmonics indicator:
You will spot Harmonic Patterns at a glance on your charts
2. Short Selling Signal Detections
The indicator detects sell signals specific to each pattern. It incorporates several types of signals to help you adapt to each situation. You will take down trend reversal, resumption, and continuation signals.
Here are the types of sell signals detected by the Bearish Harmonics indicator:
Bearish Reversal Signals
- Price in Sell Zone
- Breakout of Sell Zone
- Test of Sell Zone
- Breakout of Bottom Trendline
- Test of Bottom Trendline
Down Trend Resumption Signals
- Breakout of Top Trendline
- Test of Top Trendline
Down Trend Continuation Signals
- Breakout of Support
- Test of Support
Here are examples of the sell signals detected by the Bearish Harmonics indicator:
You will operate several types of markets
3. Sell Short Signal Confirmation
Harmonic patterns inherently provide excellent signals, but you can further improve performance by confirming them. This involves ensuring that the market is moving in the direction of the signal by checking various indicators.
The Bearish Harmonics indicator contains several options for confirming sell signals. You can enable signal validation and apply volume, strength, and trend filters.
You will boost your trading performance
4. Defining Precise Price Targets
Correctly defining the price target is crucial to the outcome of a trade. It is sometimes difficult to know how far the price can go before consolidating.
The unique feature of harmonic patterns is that they allow you to define precise price targets with a high degree of precision. The indicator uses the construction points of the patterns to calculate Fibonacci ratios. These ratios will be used to define precise price targets.
You will optimize your profit per trade
5. Displaying Fibonacci Levels
You can display Fibonacci levels for a pattern independently of the price target. This will help you visualize rebound and consolidation zones.
You will efficiently manage your trades
6. Stop Loss Display
Harmonic patterns provide excellent signals, but no strategy can be 100% successful. Therefore, you should always add a safety stop to an open position to protect your capital.
By default, the indicator places the stop loss above the last high point of the pattern. You will adjust its position in the indicator settings.
You will secure your capital
7. Customizing the Indicator
The indicator is fully customizable. You can choose the pattern(s) of your choice, set their size, select signal types, apply filters, and modify the display.
You will adapt the indicator to your trading style
8. Trading Alerts
The Bearish Harmonics indicator allows for trading alert activations. The Prorealtime platform will notify you when the price breaks a key level.
You will create an alert on all assets in all timeframes.
You will never miss a trade opportunity again
9. Backtest and Automated Trading
You can call the indicator in a ProBuilder backtest. You will test different configurations to find the most profitable one.
You will backtest your strategies and create trader bots
Bearish Harmonic Pattern Screener
The screener provided with the indicator will enable you to identify opportunities in real-time. You will scan hundreds of thousands of stocks in a few minutes. The screener works across all asset classes and time frames.
You will find trade opportunities in real-time
Online Documentation
I provide complete documentation describing the usage and settings of the indicator. I also provide an example of code you can use to backtest your strategies and create an automated trading system. You can consult this documentation at any time on these pages:
Available Brokers
The Bearish Harminics indicator is compatible with all versions of Prorealtime. You can install the indicator on any broker that provides this platform. The brokers with which you can use the indicator are Interactive Brokers, IG, Saxo Bank, and Boursorama:
Try the indicator for Free
Start a FREE TRIAL with the Bearish Harmonics indicator today. You will access the indicator’s complete functionalities for two weeks.
Install the indicator on Prorealtime
The Bearish Harmonics indicator is available on the Prorealcode marketplace. After obtaining a license, you will be able to access the indicator and scanner on your Prorealtime platform.