• Overview
  • Reviews (1)
  • Comments
  • What's new

KV indicator

The indicator searches Price Action patterns on a chart. It shows market entry points, stop loss and take profit.


List of Candlestick Patterns Detected:

  1. Railroad tracks and their variations (2 candles, 3 candles, 4 candles) both the Big and Small candles are identified. Total of 6 varieties (2candle, 2candlebig, 3candle, 3candlebig, 4candle, 4candlebig).
  2. dblhcdbhlc
  3. I2B
  4. ppr
  5. tbhtbl

The targets for takeprofit(green), stoploss(red) and openorder(yellow) – market entry are set according to the patterns. The reverse targets for takeprofit(“lime”), stoploss(purple) and openorder(yellow) are also implemented.


Description of the parameters:

  • period of calculation of the average candle - period of calculation of the average candle
  • Fibonacci goal # 1 - Fibonacci target №1
  • Fibonacci goal # 2 - Fibonacci target №2
  • Fibonacci goal # 3 - Fibonacci target №3
  • average candle size in percents - average candle size in percents
  • maximum of the candle shadow in percents - maximum size of the candle shadow in percents
  • maximum range of candles in percents - maximum range of candles in percents
  • the size of the big candle in percents - the size of the big candle in percents
  • the maximum size of the candle adjacent to the big candle in % - the maximum size of the candle adjacent to the big candle in percents
  • the minimum size of the candle adjacent to the big candle in % - the minimum size of the candle adjacent to the big candle in percents
  • shift stoploss in percents - stop loss shift in percents
  • use settings from file Files\kvind.txt or internal settings - use the parameter settings (candleSize, candleShadowSize, candleShiftSize, candlemaxxSize, candlemaxxp, candleminxp) from the Files\kvind.txt file or the internal settings. The parameters are configured for the symbols (EURUSD; GBPUSD; USDJPY; USDCAD; EURAUD; EURJPY; GOLD; NZDUSD). To use the custom settings, the useoptparam MUST BE SET TO FALSE (useoptparam=false)
  • show the name of sign patterns - display the names of the patterns
  • clearing patterns when overlapping each other - clear the patterns if they overlap
  • show order reverse - display reverse orders
  • show pattern 2candle - display the 2candle pattern
  • show pattern 2candlebig - display the 2candlebig pattern
  • show pattern 3candle - display the 3candle pattern
  • show pattern 3candlebig - display the 3candlebig pattern
  • show pattern 4candle - display the 4candle pattern
  • show pattern 4candlebig - display the 4candlebig pattern
  • show pattern dblhcdbhlc - display the dblhcdbhlc pattern
  • show pattern I2B - display the I2B pattern
  • show pattern ppr - display the ppr pattern
  • show pattern tbhtbl - display the tbhtbl pattern

Not all patterns strictly meet the definition of Price Action.

kry5t1an
30
kry5t1an 2018.08.24 11:01 
 

Amazing indicator, save a lot of time for me, of course you need to filter signals, not going into trade blindly, be aware of macroeconomic data, hour of trade etc., but if you have some forex experience you know very well about it.

Contact with author of this indicator is outstanding, I asked her about some modifications and Valeriya within few days made it, so if you have any ideas of improve this indicator, author of this indicator is open to make an improvement :) but it's hard to find something to improve ;) and i am writing it based on my over 5 years forex experience.

Again thank you a lot Valeriya, you made very hard work, as you told me it was 8 months to create this indicator, hats off!

I have lack of words how to tell you: "Thank you very much" ;)

I wish you all the best

Version 1.3 2018.08.16
Added period in alerts.
Version 1.2 2016.03.03
added alerts:
alert,
notification to the mobile terminal,
notification by e-mail.
fixed bugs.