This indicator detects bullish and bearish Cypher patterns, providing clear signals when a reversal is likely. Ideal for forex, crypto, and indices trading, it enhances decision-making by combining Fibonacci retracements, swing points, and harmonic principles.
You can access the Indicator from this link:
https://tradingfinder.com/products/i...monic-pattern/
You can access the Indicator on the TradingView website:
https://www.tradingview.com/script/v...tern-Detector/
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Understanding the Cypher Harmonic Pattern
The Cypher pattern consists of five key points (X, A, B, C, D) and follows strict Fibonacci ratios:
- Point B retraces 0.382 to 0.618 of XA
- Point C extends 1.272 to 1.414 of XA
- Point D (PRZ - Potential Reversal Zone) forms between 0.768 and 0.886 of XC
Types of Cypher Patterns
Bullish Cypher – Signals a trend reversal from downtrend to uptrend
Bearish Cypher – Indicates a reversal from uptrend to downtrend
Bullish Cypher Pattern: Trading the Reversal
When the Cypher Harmonic Pattern Indicator identifies a bullish setup, it plots the structure and generates a buy signal.
Example: EUR/USD (15-Minute Chart)
- The indicator detects a completed bullish Cypher pattern.
- A green buy signal appears at Point D (PRZ).
- Price reverses upward, confirming the pattern’s validity.
Key Features:
Blue pattern lines mark the structure
Buy alerts notify traders of entry opportunities
Bearish Cypher Pattern: Capitalizing on Downtrends
A bearish Cypher pattern forms when price rejects Point D (PRZ), signaling a potential sell opportunity.
Example: Silver (4-Hour Chart)
- The indicator highlights a bearish Cypher formation.
- A red sell signal triggers at Point D.
- Price declines sharply, validating the pattern.
Key Features:
Red pattern lines indicate bearish structure
Sell alerts help traders enter short positions
Indicator Settings & Customization
The Cypher Harmonic Pattern Indicator offers flexible settings for optimal performance:
1. Logical Settings
- ZigZag Pivot Period – Adjusts pivot sensitivity (default: 3 candles)
- Show Valid Format – Filters only confirmed patterns
- Formation Last Pivot Confirm – Enhances accuracy by validating the last pivot
2. Display Settings
- Show Bullish/Bearish Patterns – Toggles pattern visibility
- Custom Colors – Changes pattern line colors (bullish: blue, bearish: red)
- Line Width & Label Size – Adjusts visual clarity
3. Alert Settings
- Pattern Detection Alerts – Notifies traders via pop-up/sound
- Custom Alert Messages – Sets alerts for long/short positions
- Time Zone Selection – Aligns notifications with preferred timeframes
Why Use the Cypher Harmonic Pattern Indicator?
High-Accuracy Reversal Signals – Detects PRZ zones with precision
Multi-Timeframe Compatibility – Works on M1 to H4 charts
TradingView Integration – Seamless use on forex, crypto, and indices
Customizable Alerts – Ensures timely trade execution
Conclusion
The Cypher Harmonic Pattern Indicator is an essential tool for traders who rely on harmonic patterns for reversals. By combining Fibonacci ratios, geometric structures, and automated alerts, it provides a professional-grade trading edge.
Ideal for:
- Day traders & scalpers (M1-M30 timeframes)
- Swing traders (H1-H4 charts)
- Forex, crypto, and indices traders
Master market reversals with the Cypher Harmonic Pattern Indicator—your key to precision trading.
