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Future Candle Three Candle

1

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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Candlestick Patterns Trade Custom is an Expert Advisor for trading candlestick patterns. The considerable advantages of the EA It allows the user to configure the signal of each pattern, it is recommended to configure the EA in accordance with the analysis results of the Candlestick Patterns Analytics indicator; It does not use Martingale; Contains the integrated Candlestick Patterns Custom indicator. Description of Input Parameters Each candlestick pattern has a drop-down menu with the opti
Candlestick Patterns All Pair is a simple and convenient indicator of candlestick pattens. It is able to identify 29 candlestick patterns. It displays the latest patterns for all pairs and timeframes. The considerable advantages of the indicator It finds and marks 29 candlestick patterns; Displays a table of the last patterns for the 28 major pairs and each timeframe; It has settings for 5 extra pairs; Indicates the classic trade direction; Each candlestick patterns can be disabled in the sett
The MultiCurrency RSI indicator calculates the values of the standard RSI indicator for each of 8 major currencies: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY. Advantage of the indicator: The calculation is performed based on 8 virtual currency charts: EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY; Shows the strength of currencies, not depending on the currency pair; Allows any time to determine the strongest and the weakest currency, also sorts currencies by strength; At any time it shows the current st
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
Future Candle One Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of one candle. 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 operati
Future Candle Two Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of two 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 operat
RSI Trend
Denis Luchinkin
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
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
Pivots MT4
Denis Luchinkin
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 - Вып
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; AdvanceB
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[Deleted] 2017.08.30 10:08 
 

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ABCD
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ABCD 2017.07.04 15:48 
 

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Version 1.1 2018.03.27
Added alerts.