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WY Pattern Searcher P6 I MT5

This is an assistant indicator with multiple instruments, timeframes and digits. It detects more than six types of candlestick patterns, icluding the parabola of "n" degree with the vertex at a distant candle and at a near candle, harmonics with the varied damping ratio "d", linear splines with a break point and varied accuracy of searching the break points "n" and so on. It uses the mean absolute deviation method for searching. It has multiple configurable parameters. The perfect choice for the professional.

Expert version

Meta Trader 4 version  


The indicator parameters

Main

  • Show Basic Spline - display the main spline
  • Show Help Spline - display the auxiliary spline
  • Show Spline Labels - display the spline names (configured below)
  • Use Following Spline - enable the following mode (pattern are drawn as they form)
  • Play Warn. Sound On Detect - play a sound signal when a pattern is found
  • Play Warn. Sound On Following - play a sound signal when the current pattern is completely drawn
  • Play Warn. Sound On Following Break - play a sound signal when the current pattern changes
  • Clean Old Splines - remove all the patterns from the chart except the last 'Splines In Memory'
  • Splines In Memory - leave the last pattern on the chart
  • Font Size - font size of the splines
  • Font Y Coordinate Accumulation - Y offset of the text relative to the anchor point
  • Font X Coordinate Accumulation - X offset of the text relative to the anchor point

Enable/disable searching for individual pattern

  • Searching PARABOLIC(b) - search for parabolas with the vertex at the distant candle
  • Searching PARABOLIC(a) - search for parabolas with the vertex at the distant candle and with a continuation as a horizontal line
  • Searching HARMONIC(b) - search for harmonic oscillations
  • Searching HARMONIC(a) - search for harmonic oscillations with a continuation as a horizontal line from the last wave
  • Searching PARABOLIC(с) - search for parabolas with the vertex at the near candle
  • Searching LINEAR BREAKDOWN(b) - search for linear breakpoints

Parameters of an individual pattern with the name "Pattern Name"

  • "Pattern Name" Label - name of the pattern
  • "Pattern Name" Label Color - color of the name text
  • "Pattern Name" Main Spline Color - color of the main spline
  • "Pattern Name" Help Spline Color - color of the auxiliary spline
  • "Pattern Name" Help Dot Color - color of the auxiliary dashed line
  • "Pattern Name" Help Spline Y - offset of the auxiliary spline from the top in points
  • "Pattern Name" Min Points Size - minimum value of the spline on the Y axis in points
  • "Pattern Name" Max Points Size - maximum value of the spline on the Y axis in points
  • "Pattern Name" Min Bougie Size - minimum value of the spline on the X axis in candles
  • "Pattern Name" Max Bougie Size - maximum value of the spline on the X axis in candles
  • "Pattern Name" Exponent (if the variable is present) - highest power of the initial parabola (2 - standard parabola)
  • "Pattern Name" Decrement Variation (if the variable is present) - split the interval of searching for the damping ratio (2 - no damping)
  • "Pattern Name" Top Variation Accuracy (if the variable is present) - split the interval of searching for the break point (2 - in the middle)
  • "Pattern Name" Relative Lengthening Left - extend the initial spline to the left (1.0 - extend by 2 times)
  • "Pattern Name" Relative Lengthening Right - extend the initial spline to the right (1.0 - extend by 2 times)
  • "Pattern Name" Average Deviation Of Peaks - relative average deviation of the peaks (High and Low)
  • "Pattern Name" Maximum Deviation Of Peaks - relative maximum deviation of the peaks (High and Low)
  • "Pattern Name" Average Deviation Of Medians - relative maximum deviation of medians
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