4 bar reversal pattern and rectangle consolidation breakout pattern.

 

Another interesting indicator, chart. Seems to be called "4 bar reversal pattern and rectangle consolidation breakout pattern. Does anyone know of another name and/or have the mt4 or ex4 file of this?

Thanks in advance

Files:
 
forexwright:
Another interesting indicator, chart. Seems to be called "4 bar reversal pattern and rectangle consolidation breakout pattern. Does anyone know of another name and/or have the mt4 or ex4 file of this? Thanks in advance

From the picture it looks like another repainter

 
nbtrading:
From the picture it looks like another repainter

No it doesn't repaint.

 
forexwright:
No it doesn't repaint.

No indicator can not detect reversals in advance. Sorry, but it does.

And judging from your sudden knowledge of what it does (from not knowing what is its name),the story becomes obvious

Reason: