Consecutive Bar Scanner By ScorpionFX
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Consecutive Bar Scanner By ScorpionFX

21 February 2019, 10:39
ScorpionFX
Yossarian Escobedo
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DON'T WASTE YOUR TIME OR MONEY WITH AMATEURS. 

WE HAVE ALMOST 30 YEARS OF INSTITUTIONAL EXPERIENCE. 

AND WE HAVE THE PERFORMANCE RECORD TO BACK IT UP.

      THIS IS A GENERAL OVERVIEW OF THE BENEFITS, FEATURES AND PARAMETERS OF THIS INDICATOR.    

  BUT PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AND WE WOULD BE HAPPY 

TO SEND YOU MANY MORE DETAILS REGARDING THIS INDICATOR AND THE BEST

WAYS TO USE IT. INCLUDING ADVICE ON THE BEST PAIRS TO MONITOR,

BEST TIME FRAMES, BEST SETTINGS ETC.

 

AS WELL AS SOME CRITICALLY IMPORTANT TRADING INFORMATION,

FOR ACHIEVEING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER. 

INCLUDING STRATEGY SELECTION, POSITION SIZING AND LONG TERM TRADING DEVELOPMENT.

                                                             

                                                        CONSECUTIVE BAR SCANNER:

 

This indicator has been specifically designed to find a predetermined number of consecutive bars.
And it is a simple, yet effective way to look for situations where prices have become over extended.


You can combine this indicator with any number of other indicators or strategies.
Including MACD, RSI, CCI, Fib retracements etc.

And the goal is to look for situations where prices have become over extended,

in order to profit from the inevitable reversal or retracement.


IMPORTANT FACTOR TO KEEP IN MIND:

The equity markets are a non stationary time series (tend to trend),
while the forex market is a stationary time series (tend to range).
Therefore, when prices become severely over extended, 
it is only a matter of time before they make a retracement.

And eventually a reversal. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • The indicator will automatically look for both bull and bear candles. 
  • The indicator will trigger an alert whenever your desired number of consecutive candles found.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 


- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • Xbars: Number of consecutive candles to look for. You can choose any number you wish.
  • Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
  • Use M1 TimeFrame: True = Yes, False = No
  • Use M5 TimeFrame: True = Yes, False = No
  • Use M15 TimeFrame: True = Yes, False = No
  • Use M30 TimeFrame: True = Yes, False = No
  • Use H1 TimeFrame: True = Yes, False = No
  • Use H4 TimeFrame: True = Yes, False = No
  • Use D1 TimeFrame: True = Yes, False = No
  • Use W1 TimeFrame: True = Yes, False = No
  • Use MN1 TimeFrame: True = Yes, False = No


See the images below for further details.
And contact us if you have any questions.

We reply to all questions within 24 hours. And depending on the total volume
of inquiries that we have, we can sometimes answer in less than 1 hour.

Even on weekends and holidays.  


We are always here to help.    =)



THANK YOU

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                        GENERAL INTRODUCTION: 

  Thank you for taking the time to review our indicators. 

  Please note that we have almost 30 years of institutional experience 
  in the forex market. We work with clients from all over the world.
  And we are (by far) the largest, most experienced and most qualified

  company offering products on this platform.

  If you would like further details regarding our experience and background,
  please take a look at our profile. And you will get a better understanding 
  of our overall trading experience and our approach to the market.

   https://www.mql5.com/en/users/escobedofx21 


                         REGARDING OUR INDICATORS: 

  All of our indicators have been designed through the lens of various 
  institutional trading approaches. And our indicators are currently 
  being used by well over 50,000 retail traders globally.    

  We focus on clean and effective designs for our indicators.
  And our indicators will never clutter your screen with useless
  or unnecessary data or distractions. 

  Please take a look at all the information below and let us know 
  if you have any questions about anything. 

  We are always here to help.


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CONSECUTIVE BAR SCANNER 1

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                        GENERAL DESCRIPTION: 

  This indicator can simultaneously monitor all 28 pairs and all the time frames. 
  And it continuously looks for your selected number of consecutive candles. 
  

  When it finds one of these clusters of consecutive candles, it will send you an alert. 


                                 VERY IMPORTANT
                                    PLEASE NOTE: 

In addition to forex pairs, this indicator can also monitor any other symbol
that is offered in your Metatrader platform. Including crypto, commodities,

indices, equities, ETF's etc. 

Best of all, this indicator only needs to be placed on one chart.
And it will simultaneously monitor the entire market, all on one screen.
Allowing you to easily find as many trading opportunities as possible. 

This will save you an enormous amount of time and effort. As you won't have to flip
through dozens of charts for analysis. And this will allow you to focus on other aspects

of your trading. Such as further technical or fundamental analysis.


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CONSECUTIVE BAR SCANNER 2

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                                   ALERTS WITH FULL DETAILS: 

The alerts will provide you with all the details you need. 
Including the following:

- The currency pair where the consecutive cluster has been found. 
- The time frame where the cluster has been found.

- The type of cluster (up or down candles) and the market time of the alert.



                            INDICATOR PARAMETERS EXPLAINED:


X BARS: 

You can choose exactly how many consecutive candles you want 
the indicator to look for. And our research shows the best results 

with the following minimum inputs: 


For the 1 min time frame: 18 consecutive candles (minimum)

For the 5 min time frame: 16 consecutive candles (minimum)

For the 15 min time frame: 14 consecutive candles (minimum)

For the 30 min time frame: 12 consecutive candles (minimum)

For the 1 hour time frame: 10 consecutive candles (minimum)

For the 4 hour time frame: 8 consecutive candles (minimum)

For the daily time frame: 6 consecutive candles (minimum)

For the weekly time frame: 5 consecutive candles (minimum)

For the monthly time frame: 4 consecutive candles (minimum)


***THE BEST WAY TO ENTER THESE TRADES IS TO ENTER ON ONE
    OF THE NEXT LOWER TIME FRAMES. 

    FOR EXAMPLE: 

    IF YOU GET AN ALERT FOR 8 CONSECUTIVE 4 HOUR CANDLES. 
    WE WOULD RECOMMEND LOOKING FOR ENTRY OPPORTUNITIES 

    IN THE 1 HOUR CHART OR 30 MIN CHART. 


PAIRS TO MONITOR: 

You have full control over which pairs you would like to monitor. 
The indicator monitors all 28 pairs by default. But you can choose 

to monitor fewer pairs if you wish. 


TIME FRAMES TO MONITOR: 

You also have full control over which time frames you wish to monitor. 
The indicator monitors all 9 time frames by default. But you can choose 

to monitor fewer time frames if you wish.            


These are extremely simple and straight forward patterns to trade. 
Without the need for you to analyze any type of unnecessary data.

And without the need for you to decipher any kind of complex patterns.

And best of all, the indicator will do all of the hard work of finding

these patterns for you. Anywhere across the entire market. 


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PLEASE LET US KNOW IF YOU HAVE ANY QUESTIONS ABOUT ANYTHING YOU SEE HERE. 
AND PLEASE BE SURE TO CONTACT US AFTER YOUR PURCHASE. AS WE WOULD BE HAPPY 

TO SEND YOU FULL DETAILS FOR THE BEST WAYS TO USE THIS POWERFUL INDICATOR.

INCLUDING SOME VALUABLE ADVICE ON THE BEST PAIRS TO MONITOR, BEST TIME FRAMES, 
BEST SETTINGS ETC. AS WELL AS SOME VERY, VERY IMPORTANT TRADING INFORMATION. 

FOR ACHIEVING THE BEST RESULTS IN YOUR LONG TERM TRADING CAREER. 

THANKS AGAIN FOR REVIEWING OUR INDICATORS.

AND WE LOOK FORWARD TO WORKING WITH YOU SOON. 


Best Regards, 

Support Team

ScorpionFX.com


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