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Pattern 5W Scanner v4

4.5

Introduction

The Elliott Wave in technical analysis describes price movements in the financial market that are related to changes in trader sentiment and psychology.

The 5 W Pattern (Known as 3 Drives) is an Elliott Wave pattern that is formed by 5 consecutive symmetrical moves up or down. In its bullish form, the market is making 5 drives to a bottom before an uptrend forms. In a bearish 5-drive, it is peaking before the bears take over. 

5W Pattern Scanner Indicator

It is usually difficult for a trader to recognize 5W or Three drives patterns on a chart, as well as searching for dozens of charts and time frames will take time, and there is also a possibility of a trader's mistake in calculations. This indicator can automatically search all charts and time frames to find possible patterns in in one chart.

Searching, Fibonacci calculations and pattern recognition are completely the responsibility of the indicator; All you have to do is "press the scan button".


How To Trade?

All parameters necessary to enter the trade are calculated, such as entry point, stop-loss, and take-profit.
By observing the signal and deciding to trade, we enter the trade with the "set and forget" method.



Reviews 2
SuperTrader2019
1359
SuperTrader2019 2023.12.18 07:10 
 

Great indicator

trinh tien
49
trinh tien 2023.12.26 02:36 
 

Hi, Greate Indicator, more useful. I have installed on my desktop. But for my laptop , It has been installed, but couldn't run. Does the indicator only allow installing on one device ?

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Contact me for instruction, any questions! Introduction Chart patterns   are an essential tool traders and investors use to analyze the future price movements of securities. One such pattern is the triple bottom or the triple top pattern, which can provide valuable insights into potential price reversals. This pattern forms when a security reaches a low   price level   three times before reversing upward or reaches a high price level three times before reversing downward.   Triple Top Bottom
Contact me for instruction, any questions! Introduction Triangle chart patterns are used in   technical analysis , which is a trading strategy that involves charts and patterns that help traders identify trends in the market to make predictions about future performance.   Triangle Pattern Scanner Indicator It is usually difficult for a trader to recognize classic patterns on a chart, as well as searching for dozens of charts and time frames will take time, and there is also a possibility of a
Contact me for instruction, any questions. Introduction Gold Crown EA advisor trades automatically on a sophisticated algorithm incorporating many different techniques simultaneously, each with unique parameter settings. Stands out from other expert advisors due to its remarkable approach to handling losing trades. Unlike traditional methods that solely rely on Stop Loss orders to limit losses, Gold Crown Emperor EA employs a sophisticated technique to manage losing positions effectively. It th
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trinh tien
49
trinh tien 2023.12.26 02:36 
 

Hi, Greate Indicator, more useful. I have installed on my desktop. But for my laptop , It has been installed, but couldn't run. Does the indicator only allow installing on one device ?

Elif Kaya
5982
Reply from developer Elif Kaya 2023.12.30 06:04
Hi, thank you for your positive feedback. My products are installed on 20 computers separately. I sent you guide file in your inbox.
SuperTrader2019
1359
SuperTrader2019 2023.12.18 07:10 
 

Great indicator

Elif Kaya
5982
Reply from developer Elif Kaya 2023.12.18 13:58
I'm glad to hear you've had a positive experience with Flag Pattern experience. If you have any further questions or need assistance, I am here to help you. Have great trading!
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