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Triangles pattern

4

The indicator is designed for finding the "ascending" and "descending" triangle patterns on the chart, followed by the breakout of the triangle base. The indicator also determines the take profit and stop loss levels, in order to know when to exit the position. In my opinion, when using the "Confimed Break" mode, after a signal appears it is best to wait for a small rollback to the base of the triangle and open the position. But when using the "Live Break" or "Live Break with ReEntry" mode, it is better to enter the market as soon as a signal appears.

Live Break - a signal appears without waiting for breakout confirmation.

Live Break with ReEntry - if the signal was received before the confirmation of a triangle breakout and the price came back, i.e. breakout was not confirmed, then the indicator will notify about the next breakout.

Once 50% of the target is reached, the stop loss should be moved to breakeven.


Settings

  • Break_Mode=Confimed Break; - triangle breakout mode
  • Triangle_Min_3rd_Point=33; - The minimum height of the second top/bottom
  • Min_Percent_of_Break=5.0; - Minimum breakout as a percentage of the triangle height
  • Max_Percent_of_Break=30; - Maximum breakout percentage
  • Max_Percent_of_Break_by_Wick=50; - Maximum percentage of a breakout by candle wick
  • Max_Wick_Percent_of_Body=150; - Maximum size of a long wick of the candle relative to the body in percents
  • AlertON=true; - On-screen notification about signal appearance
  • SoundON=true; - Sound notification about signal appearance
  • EmailON=true; - Email notification about signal appearance
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4.82 (17)
TakePropips Donchian Trend Pro   (MT4) ist ein leistungsstarkes und effektives Tool, das mithilfe des Donchian-Kanals automatisch die Richtung des Trends erkennt und Ihnen Handelssignale für den Ein- und Ausstieg liefert! Dieser Multifunktionsindikator umfasst einen Trendscanner, Handelssignale, ein statistisches Panel, einen Screener, Handelssitzungen und ein Dashboard für den Verlauf von Warnungen. Es wurde entwickelt, um Ihnen Handelssignale zu liefern und Ihnen Stunden beim Analysieren der C
NO REPAINT ADVANCED CHART PATTERN INDICATOR By definition, a price ( chart)  pattern is a recognizable configuration of price movement that is identified using a series of  trendlines  and/or curves. When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause. Advanced Chart Pattern Tracker is designed to find the MOST ACCURATE patterns. A special script is
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Royal Scalping Indicator M4
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4.17 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
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Colour bars
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This is a simple utility for visual market analysis. Users can select trading day and time. Bullish candles located within the necessary time interval are shown in green, while bearish ones - in red. Candles outside of the trading time interval are shown in gray and dark gray. Parameters Trade_Time = "00:00-00:00" - enter trading time. TradeSunday - trade on Sunday. TradeMonday  - trade on Monday. TradeTuesday  - trade on Tuesday. TradeWednesday  - trade on Wednesday. TradeThursday  - trade on
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The indicator finds the Pin bars on the chart, perhaps, the most powerful Price Action pattern. The indicator has additional filters, and the user can: specify all parameters of the pin bar size as a percentage of the total candle size (minimum length of the large wick, maximum values of the short wick and body size). set the number of fractals for the last N bars, the Pin bar is based on, i.e. define the support/resistance levels. specify the required number of bearish/bullish bars before the P
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This indicator searches harmonic patterns on different TFs, and can track patterns in real time on all TFs for seted symbols. High and Low points for patterns defined by Bill Williams method, not by Zigzag or Fractals, it's more clear signals. Important input parameters: Where patterns search   : "Current symbol" - searches patterns on the current symbol; "Seted symbols" - indicator creates table with seted symbols. Allowable percent of deviation   : percent of deviation from perfect pattern Sym
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Aravind Kolanupaka
8860
Aravind Kolanupaka 2017.06.01 02:43 
 

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Version 1.2 2018.11.22
Fixed littl bug
Version 1.1 2016.10.03
1. Slightly modified and improved the algorithm for finding the "Triangle" pattern
2. Added the ability to send alerts about the triangle breakouts, without waiting for signal confirmation (Live Break)
3. Added the option (Live Break with ReEntry), if the signal was received before the confirmation of a triangle breakout and the price came back, i.e. breakout was not confirmed, then the indicator will notify about the next breakout of this triangle
4. Added the option to send notifications on signal by email