Is there any indicator named gartley? If yes, then what is its use?

<p id="isPasted">The Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts who use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.</p><div style="box-sizing: border-box; position: relative;" id="isPasted"><div style="box-sizing: border-box; height: 461.6px; overflow: hidden; background: 0px 0px; position: relative; width: 600px; padding-bottom: 0px;" class="forexqa-img-container"><img width="5146" height="3959" data-sizes="750px" alt="Gartley Pattern" data-hi-res-src="https://www.investopedia.com/thmb/L7efxjIsczTNZMRlyWaiTSvM9Mo=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GartleyPattern-5541ce000da34023a20348e5681bbffb.png" data-img-lightbox="true" sizes="750px" srcset="https://www.investopedia.com/thmb/MpbaEe8VGp6fpg3nM_RE5G0iUIc=/750x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GartleyPattern-5541ce000da34023a20348e5681bbffb.png 750w" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1744095336727.png" style="box-sizing: border-box; height: auto; max-width: 100%; background-color: transparent; width: 730px; cursor: zoom-in;" class="fr-fic fr-dii fr-draggable forexqa-img"></div></div><p>Image by Julie Bang © Investopedia&nbsp;2020</p><p>The Gartley pattern above shows an uptrend from point 0 to point 1 with a price reversal at point 1. Using Fibonacci ratios, the retracement between point 0 and point 2 should be 61.8%. At point 2, the price reverses again toward point 3, which should be a 38.2% retracement from point 1. At point 3, the price reverses to point 4. At point 4, the pattern is complete and buy signals are generated with an upside target that matches point 3, point 1, and a 161.8% increase from point 1 as the final price target. Oftentimes, point 0 is used as a stop loss level for the overall trade. These Fibonacci levels do not need to be exact, but the closer they are, the more reliable the pattern.</p><p>The bearish version of the Gartley pattern is simply the inverse of the bullish pattern and predicts a bearish downtrend with several price targets when the pattern reaches completion by the fourth point.</p>

<p id="isPasted">Yes, there is an indicator and chart structure known as the Gartley pattern.&nbsp;</p><p>First introduced by Harold McKinley Gartley in 1935, it is the foundation of Harmonic Trading. Rather than tracking price averages like a moving average, the Gartley indicator is a geometric, 5-point chart structure that uses precise Fibonacci ratios to predict exact market reversal points.&nbsp;</p><p><strong>What is its Use?</strong></p><p>The primary use of a Gartley indicator is to identify the Potential Reversal Zone (PRZ). It tells a trader exactly when a counter-trend pullback has run out of steam and when the primary market trend is about to resume.&nbsp;</p><p><strong>Traders rely on it to:</strong></p><ul><li>Pinpoint Entries: It removes guesswork by highlighting an exact buy or sell price point (known as Point D).</li><li>Define Risk Levels: It features strict rules on where to place protective stop-losses.</li><li>Project Targets: It uses Fibonacci extensions to map out multiple mathematically optimized take-profit zones.&nbsp;</li></ul><p><strong>How the Gartley Pattern Looks and Works</strong></p><p>The indicator maps out five consecutive pivot points on a chart, labeled X, A, B, C, and D. Depending on the market's direction, it visualizes as an M-shape or a W-shape:&nbsp;</p><p><strong>1. Bullish Gartley (Looks like an "M")&nbsp;</strong></p><p>Used to find the exact bottom of a temporary correction during an uptrend so you can buy.&nbsp;</p><ul><li>X to A: Price makes a sharp, aggressive rally upward.</li><li>A to B: Price drops, pulling back exactly 61.8% of the XA leg.</li><li>B to C: Price rallies back up slightly, retracing between 38.2% and 88.6% of the AB leg.</li><li>C to D: Price drops to its final low, which must hit exactly the 78.6% retracement of the original XA leg.</li><li>The Action: Point D is the PRZ. Traders execute a Buy order here, expecting the price to reverse sharply upward.&nbsp;</li></ul><p><strong>2. Bearish Gartley (Looks like a "W")</strong></p><p>The exact inverse of the bullish pattern. It forms during a macro downtrend to signal a high-probability short-selling or exit opportunity at Point D.&nbsp;</p><p><strong>Trading Rules for the Gartley Indicator</strong></p><p>Because the math behind calculating these patterns manually across 5 different points is exhausting, traders use Auto-Harmonic Recognition indicators on platforms like TradingView or MetaTrader to overlay the shapes automatically.&nbsp;</p><p>When the indicator completes a drawing, traders apply these structural rules:</p><p class="forexqa-img-container"><img src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/Screenshot%202026-05-18%20111914.png" style="width: 730px;" class="fr-fic fr-dib fr-draggable forexqa-img"></p><p><br></p><ul><li id="isPasted">The Entry: Initiated at Point D. For extra safety, traders wait for a confirmation signal—like a bullish engulfing candlestick or an oversold RSI reading—at Point D before entering.</li><li>The Stop Loss: Placed strictly just beyond Point X. If the price breaks past X, the entire geometric structure is invalidated, and the trade is closed for a small, controlled loss.</li><li>The Take Profit: Target 1 is typically set at the price level of Point C, and Target 2 is mapped directly to Point A.</li></ul>