Clone

Clone MT5 is an interactive tool for finding similar situations in chart history. You select any price section with a frame, and Clone finds the most similar historical sections of the same instrument, marks them on the chart and lets you compare them with the current sample.

This is not a signal indicator and not an Expert Advisor. It is a market research tool designed to help answer a simple question: “Where has something similar happened before, and what happened next?”

• Sample — the chart section highlighted by the blue frame. You can change its length and position directly on the chart with the mouse.
• Clone — a historical section of the same length that is most similar to the sample according to the selected comparison mode.
• Volatility range — an estimate of the possible magnitude of the next move, built from the continuations of an extended set of historical clones.

How it works:

• The indicator places a frame over the latest bars and automatically starts searching for clones.
• Drag the side handles of the frame to change the sample length. Drag the whole frame to move the selected section.
• When you release the mouse button, the search restarts using the available history.
• Found clones are marked on the chart, and you can navigate between them using the panel buttons.

Key features:

• By default, up to 50,000 historical windows before the sample are analyzed; the search depth is configurable.
• Sample length from 8 to 200 bars, adjustable directly with the mouse on the chart.
• Up to 10 non-overlapping clones in the results, 5 by default.
• Three comparison modes: trajectory shape, trajectory with candle geometry, and trajectory with relative market regime.
• Overlay the sample on the selected clone for direct shape comparison.
• Quick navigation to the sample, selected clone and back to the current market.
• Calculations are split into short processing chunks to keep the interface responsive during the search.

Control panel:

• Side-by-side preview of the sample and selected clone in one panel.
• Three preview styles: line, candles and bars.
• Navigation through found clones with the date of each section.
• Switches for overlay, preview and volatility range.
• The panel can be dragged by any free area and resized from the corner.
• Light and dark themes.
• The panel can be collapsed to its header; the close button removes the indicator from the chart.

Volatility range:

For the live sample, Clone analyzes what happened after an extended set of the most similar historical sections. The resulting range is displayed as a fan to the right of the sample and as additional information in the panel:

• Typical and wide historical movement ranges.
• The upper and lower boundaries are calculated separately, so possible movement asymmetry remains visible.
• Three selectable horizons: half the sample length, one sample length or two sample lengths.
• The first-touch counter shows how many clones reached the upper side first, the lower side first, both sides within the same bar, or neither side.

What the tool does — and what it does not:

Clone does not try to turn historical similarity into a ready-made trading signal. Historical clones are used to compare the current market structure and to assess how different the subsequent movements were after similar situations.

• Clone does not predict market direction. In an internal walk-forward test on EURUSD H1 across 3,438 test points, the sign of the median clone continuation matched the actual direction in 49.4% of cases. This is why the direction of the fan is deliberately not colored as a BUY or SELL signal.
• The volatility range is not a guarantee and does not represent the probability of a trade. It shows the historical spread of continuations following the most similar situations. Its width depends on the selected sample, available history, instrument, timeframe and composition of the historical set.

Settings:

• Default, minimum and maximum sample length.
• Search history depth and number of displayed clones.
• Comparison mode and context for evaluating the relative market state.
• Range horizon, size of the historical continuation set and range-width adjustment.
• Panel theme, font, preview dimensions and element colors.
• Calculation budget per cycle — allows you to control the computational load on the terminal.

Working with the chart:

• Each indicator instance uses its own namespace for the graphical objects it creates.
• Navigation to a clone places the found section in a convenient area of the chart for viewing.
• The indicator monitors the graphical objects it requires and restores them if they are accidentally deleted.
• When Clone is normally removed, it cleans up the graphical objects created by that instance.

Versatility:

• The algorithm works with the current chart instrument and timeframe and is not tied to a predefined symbol.
• The more quality history is available for the instrument, the broader the historical set available for clone searching.
• Search results always relate to the specific sample, selected settings and history available in the terminal.

Successful market analysis!