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WY Parabolic Searcher I MT5

Assistant indicator. Multiple instruments. Multiple timeframes. Multiple digits. It identifies different types of parabolas of "n" degree with the vertex at a distant candle and at a near candle. It uses the mean absolute deviation method for searching and features multiple configurable parameters. Simple and convenient tool. It is a lite version of the product WY Pattern Searcher P6 I MT5.

Expert version

Meta Trader 4 version  


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 (patterns 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 - removes 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 different types of parabolas

  • Searching PARABOLIC(a) - search for parabolas with the vertex at the distant candle and with a continuation as a horizontal line
  • Searching PARABOLIC(b) - search for parabolas with the vertex at the distant candle
  • Searching PARABOLIC(с) - search for parabolas with the vertex at the near candle

Parameters of a single parabola with the name Par. Name

  • "Par. Name" Label - name of the pattern
  • "Par. Name" Label Color - color of the name text
  • "Par. Name" Main Spline Color - color of the main spline
  • "Par. Name" Help Spline Color - color of the auxiliary spline
  • "Par. Name" Help Dot Color - color of the auxiliary dashed line
  • "Par. Name" Help Spline Y - offset of the auxiliary spline from the top in points
  • "Par. Name" Min Points Size - minimum value of the spline on the Y axis in points
  • "Par. Name" Max Points Size - maximum value of the spline on the Y axis in points
  • "Par. Name" Min Bougie Size - minimum value of the spline on the X axis in candles
  • "Par. Name" Max Bougie Size - maximum value of the spline on the X axis in candles
  • "Par. Name" Exponent - highest power of the initial parabola (2 - standard parabola)
  • "Par. Name" Relative Lengthening Left - extend the initial spline to the left (1.0 - extend by two times)
  • "Par. Name" Relative Lengthening Right - extend the initial spline to the right (1.0 - extend by two times)
  • "Par. Name" Average Deviation Of Peaks - relative average deviation of the peaks (High and Low)
  • "Par. Name" Maximum Deviation Of Peaks - relative maximum deviation of the peaks (High and Low)
  • "Par. Name" Average Deviation Of Medians - relative maximum deviation of medians
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