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Pattern Alert v1.1 - indicator for MetaTrader 4

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votes: 6
2016.03.25 15:08
Author: Jason Robinson.

A more advanced patterns analyzer. In addition, it generates a signal.

Translated from Russian by MetaQuotes Software Corp.
Original code:

DJ Lines DJ Lines

The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».

Digits_Comment Digits_Comment

One of the new tendencies in trading is digital indicators.

Pattern Pattern

Displays the type of candlestick or small pattern in accordance with the general setting.

Solar Winds Solar Winds

As it can be seen, the indicator is perfect. Simply buy at the second black bar and sell at the second red bar. And take all the movement literally pip by pip.