Market / MetaTrader 4 / Indicators /

Future Candle Three Candle

30 USD

Demo downloaded: 99

Published: 16 June 2017

Current version: 1.1

Future Candle Three Candle

Indicators
Denis Luchinkin
Denis Luchinkin
Russia

7107
4.6 (32)
15 products
Version: 1.1
Updated: 27 March 2018
Activations: 20

Future Candle Three Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of three candles.

Advantages of the indicator

Gives information about the next candle right now;
The indicator values are based on statistical data on the history of the current instrument;
Forecasts and displays the result of trading based on its signals;
The colors of the indicator have been selected for a comfortable operation with the black and white styles of the chart;
Despite the extensive calculations, it does not load the terminal.

Parameters

Spread - spread in points for calculation of the expected value of trading results;
Min_Win,% - the minimum percentage probability of occurrence of the event, necessary for using it as a signal;
Min_Count - the minimum number of the same events in history necessary to calculate the statistics on the event (relevant for timeframes D1 and higher);
Info_About_Future_Candle - display the additional information on the signal:

Theoretical_Mathematical_Expectation - the theoretical expected value of the trading result for the current signal (recommended);
Practical_Mathematical_Expectation - the practical expected value of the trading result for the current signal;
Theoretical_Length_Of_Candle - the theoretical expected value of the length of the next candle in the signal's direction;
Practical_Length_Of_Candle - the practical expected value of the length of the next candle in the signal's direction;
Nothing - do not display the additional information (recommended);

Bars_Count - the maximum number of bars for calculation;
TextSize - size of the text on the chart;
TextColor - color of the text on the chart;
alertsOn - enable alerts;
alertsMessage - display alerts in the terminal;
alertsEmail - send an email using an address specified on the Email tab of the options window;
alertsPush - send push notifications to the mobile terminals, whose MetaQuotes IDs are specified in the Notifications tab.
alertsSound - play an audio file when an alert is generated;
soundfile - name of the audio file.

How to Use the Indicator

Before launching the indicator, it is recommended to download the instrument's history or to scroll the chart 10 000 - 20 000 candles back (this is done quickly on the minimum scale). The indicator calculates the probability of price movement, as well as the theoretical and practical expected values of the trading results with consideration of the specified spread. Signals are generated only if the probability of upwards or downwards price movement is greater than the one specified in the settings and if the expected value of the trading result in that direction is greater than 0. The expected value of the trading result is displayed in points and depends on spread specified in the settings. Increasing the spread in the settings increases the accuracy of signals and decreases their amount. On the contrary, decreasing the spread decreases the accuracy of signals while increasing their number. It is recommended to specify a spread greater than the average spread on the instrument.

Indicators using patterns with one and two candles.

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Screenshot #1 Future Candle Three Candle

Screenshot #2 Future Candle Three Candle

Screenshot #3 Future Candle Three Candle

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MultiCurrency Indicators is a multi-currency indicator which calculates the values of multiple standard indicators for each of the 8 major currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY. Advantages of the indicator Calculation is performed for 8 virtual charts of the currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY; Show the currency strength, which does not depend on the currency pair; It allows determining the strongest and the weakest currencies at any moment, it also sorts currencies

50 USD

30 USD

RSI Trend is a trend indicator that interprets the current market situation based on multiple RSI indicators with different periods. Indicator Benefits Displays zones of an evident trend movement, overbought/oversold zones, as well as transition zones; Can be used in scalping strategies, as well as medium-term and long-term strategies; Has a minimum of settings; The standard line colors and selected for a comfortable operation with the black and white styles of the chart; Can be used in Expert

10 USD

Spreads Monitoring MT4 - мощный инструмент для сбора значений спреда и записи их в файл. Позволяет "ловить" минимальные и максимальные значения спреда, рассчитывает реальное среднее значение спреда у брокера . Преимущества индикатора: Работает на всех таймфреймах; Восстанавливает ранее записанные данные для отображения на графике; Умеет запускать себя на графиках других символов по шаблону текущего графика; Имеет инструменты для удобной работы с данными; Не нагружает терминал. Параметры индикато

30 USD

Pivots MT4 - Простой и удобный индикатор уровней pivot , рассчитывает уровни по методам Classic , Fibonacci , DeMark , Camarilla , WooDie , Central Pivot Range . Индикатор выгодно отличается следующим Рассчитывает уровни pivot по методам Classic , Fibonacci , DeMark , Camarilla , WooDie , Central Pivot Range ; Выводит на графике текущие уровни и уровни на предыдущих периодах; Выводит на графике выбранные метод и период, названия уровней и их ценовые значения. Параметры Pivot Method - Выпа

30 USD

Candlestick Patterns MT5 is a simple and convenient indicator able to define 29 candle patterns. Advantages Defines and highlights 29 candle patterns; Estimated trading direction is shown as an arrow; Each candlestick pattern can be disabled in the settings; The indicator can be used as an arrow indicator in EAs. Parameters TextSize - chart text size; TextColor - chart text color; Alert - enable/disable alerts; ---------- Candlestick Patterns ------------- - settings separator; AdvanceBlo

30 USD

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Future Candle Three Candle

Denis Luchinkin

Advantages of the indicator

Parameters

How to Use the Indicator