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Consecutive Bar Scanner Multi Pair And MTF

This indicator has been created by a former hedge-fund employee and it automatically identifies any predetermined number of consecutive bars. It can identify both bull and bear candles and you can select exactly how many candles you wish to look for.

You can combine this indicator with any number of indicators or techniques. Including MACD, RSI, CCI, Fib retracements etc. And the goal is to look for situations where prices are over-extended, in order to profit from the inevitable mean-reversion (or retracement).

  • See the screenshots below for further details and contact us if you have any questions. We are always happy to help.
  • Please be aware that we have been selling the MT4 version of this indicator for over a year and you can check previous comments and questions here: https://www.mql5.com/en/market/product/13985
  • Also make sure to watch our short video. As it includes the top-10 hedge-fund trading rules, that every trader should know.


Indicator Features

  • Monitors all 28 pairs at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every time-frame, from 1-Min to Monthly. And sends you a real-time alert when a series of consecutive bars is identified.


Indicator Parameters

  • Xbars:This is where you select how many candles to look for. You can choose any number you wish.
  • Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
  • Use M1 TimeFrame: True = Yes, False = No
  • Use M5 TimeFrame: True = Yes, False = No
  • Use M15 TimeFrame: True = Yes, False = No
  • Use M30 TimeFrame: True = Yes, False = No
  • Use H1 TimeFrame: True = Yes, False = No
  • Use H4 TimeFrame: True = Yes, False = No
  • Use D1 TimeFrame: True = Yes, False = No
  • Use W1 TimeFrame: True = Yes, False = No
  • Use MN1 TimeFrame: True = Yes, False = No
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