ETE Detector Head Shoulders Indicator
- Indicators
- N'da Lemissa Kouame
- Version: 3.0
- Activations: 5
Turn your charts into clear and actionable trading opportunities!
🚀 About the Indicator
The ETE Detector automatically identifies Head & Shoulders (H&S) and Inverse Head & Shoulders (IH&S) patterns — classic trend reversal formations.
No more spending hours searching manually: your analysis becomes fast, accurate, and visual.
💡 What You Get
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Automatic detection of trend reversal patterns
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Colored arrows: green 🔺 for buys (Inverse H&S), red 🔻 for sells (H&S)
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Neckline automatically drawn to highlight breakout zones
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“●” labels for shoulders and head, clearly visualizing the formation
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Explanatory text directly on the chart: "H&S – Sell" or "Inverse H&S – Buy"
🎯 Benefits for Traders
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Save time: no more manual pattern hunting
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Make better decisions: spot reversals before others
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Clear visualization: instantly recognize complete patterns
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Works on any market and timeframe
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Easily customizable settings for your trading style
⚙️ Customizable Inputs
Parameter | Description | Default Value |
---|---|---|
LookBack | Number of candles to analyze | 300 |
MinDistance | Minimum distance between shoulder and head | 5 |
Tolerance | Symmetry tolerance between shoulders (%) | 2% |
BuyColor | Color for Inverse H&S (Buy) | Green |
SellColor | Color for H&S (Sell) | Red |
📈 How to Use
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Add the indicator to your MT5 chart
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Observe the arrows, labels, and necklines
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Analyze breakout zones to identify buy or sell opportunities
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Optionally combine with a trend indicator to filter false signals
✨ Why Choose ETE Detector
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Ultra-fast and reliable detection
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Intuitive and professional visualization
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Perfect for all traders: beginners or experienced
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Optimize your performance by spotting reversals ahead of others
📞 Support & Contact
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Author: KOUAME N’DA LEMISSA
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Email: [your email here]
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Compatible with MT5 only