AlioFx Chart Patterns is an indicator that tries to discover classic chart patterns and to notify you before they are fully formed, so that you can have time to analyze them and take action.
There are 23 discoverable patterns: Double Tops, Double Bottoms, Bullish Rectangles, Bearish Rectangles, Triple Tops, Triple Bottoms, Head and Shoulders, Revers Head and Shoulders, Symmetrical Triangles, Ascending Triangles, Descending Triangles, Diamonds, Reverse Diamonds, Bullish Flags, Bearish Flags, Bullish Pennants, Bearish Pennants, Bullish Wedge Continuations, Bullish Wedge Reversals, Bearish Wedge Continuations, Bearish Wedge Reversals, Up Channels and Down Channels.
- Show Pattern Text - If true, the patterns name appears on the chart.
- Show Pattern Lines - If true, lines are drawn on the chart to define the pattern.
- Pattern Line Projection - You can increase this number to expand the pattern lines into the future.
- Show only the last pattern - If this is set to "true" the indicator shows you only the last pattern found.
- History candles - The number of candles to search for patterns in history, if "Show only the last pattern" is set to false.
- Display Alert Notification - If is true, you'll get an MT4 pop-up alert when a new pattern is forming.
- Send Email notification - If true, you'll get an email when a new pattern is forming (if it's configured and checked in MT4 Platform also).
- Send Mobile notification - If true, you'll receive a notification on your mobile phone when a new pattern is forming (if it's configured and checked in MT4 Platform also).
The other parameters lets you choose which patterns will be found and the color of the patterns.
- This indicator is designed for traders who know what charts pattern are and how to trade them.
- If a pattern is discovered that doesn't mean it will hold and can be tradable.
- Check a pattern if it looks OK to you before you place a trade.
- Please test the demo roughly in Strategy Tester before renting or buying it.
- If you find any bugs, please let me know so i can fix them.
- Please keep in mind that I'm not God, so my work may not be perfect.