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Reversal Patterns

45 USD

Demo downloaded: 215

Published: 19 July 2017

Current version: 1.0

Reversal Patterns

Indicators
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Pro-Berza
Pro-Berza

Macedonia

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6 products 2 comments
Version: 1.0
Activations: 5

This is a pack which contains both the Engulfing Scanner as well as the Pinbar Scanner. The indicator comes with several sorts of alerts which makes it easy for a trader to wait for a pattern to be formed, have it signaled and then check the chart to see what the bigger story tells you.

Pinbar Scanner

The Pinbar, or Pinnochio bar, pattern is a a great candlestick pattern which can yield good trading results if traded properly.

The idea behind this pattern is that the price tries to trick us into thinking the wrong direction. When a Bullish Pinbar for example has formed, it tries to convince us that the price is going higher but in reality price is going down at the end of the bar.

These patterns can be powerful reversal signals when used in the correct manner and location.

Also, Pinbar patterns can show us points of taking profit, which can give us the opportunity to get in on an already started trend.

Engulfing Scanner

The Engulfing Pattern is a candlestick pattern which normally can be found after a period of up or down pressure. A Bullish Engulfing pattern is normally to be found close at the end of the down movement, while a Bearish Engulfing pattern will be at the top of a rising up movement.

When an Engulfing pattern has been formed, the idea behind it is that the investor sentiment has changed from either Bullish to Bearish or from Bearish to Bullish.

This is the point where we get ready for a potential reversal which can lead to good results.

Parameters

CustomPeriod - timeframe, on which you want the indicator to scan for the patterns. This parameter can be one of the following:
- Current_TF
- M1
- M5
- M15
- M30
- H1
- H4
- D1
- WK1
- MN1
MaxBarsLookBack - how many bars back shall the indicator begin monitoring upon startup. This is useful for looking at historical setups.
Scan_Engulfing - enable/disable scanning for potential Engulfing setup patterns.
Scan_Pinbar - enable/disable scanning for potential Pinbar setup patterns.
PinbarMinimumTailLengthPercentage - percentage of the tail length compared to the size of the candle. The longer the percentage, the better.
StyleBearishColorPinbar - color of the output when we have a Bearish Pinbar pattern.
StyleBullishColorPinbar - color of the output when we have a Bullish Pinbar pattern.
StyleOutputPinbar - output style for the Pinbar pattern, which can be the one of the following:
- OUTPUT_Pinbar_DOT
- OUTPUT_Pinbar_ARROW
StyleWidthPinbar - size of the output for the Pinbar pattern
StylePipsOffsetPinbar - number of pips to be added/subtracted to the Pinbar pattern output y-location.
StyleBearishColorEngulfing - color of the output when we have a Bearish Engulfing pattern.
StyleBullishColorEngulfing - color of the output when we have a Bullish Engulfing pattern.
StyleOutputEngulfing - output style for the Engulfing pattern, which can be the one of the following:
- OUTPUT_ENGULF_DOT
- OUTPUT_ENGULF_ARROW
- OUTPUT_ENGULF_RECTANGLE
- OUTPUT_ENGULF_LINE
StyleWidthEngulfing - size of the output for the Engulfing pattern.
StyleBorderEngulfing - line style when StyleOutputEngulfing is set to OUTPUT_ENGULF_RECTANGLE or OUTPUT_ENGULF_LINE. This can be one of the following:
- BORDER_SOLID
- BORDER_DASH
- BORDER_DOT
- BORDER_DASHDOT
- BORDER_DAHDOTDOT
StyleFilledEngulfing - when the StyleOutputEngulfing is set to OUTPUT_ENGULF_RECTANGLE, you can choose the rectangle to be filled or not.
StylePipsOffsetEngulfing - number of pips to be added/subtracted to the Engulfing pattern output y-location.
DoSendNotification - send a notification when a pattern setup has been formed (enable MetaTrader 4 → Tools → Options → Notifications).
DoSendMail - send an email when a pattern setup has been formed (enable MetaTrader 4 → Tools → Options → Email; fill in the required fields).
DoShowAlert - show an alert and play a sound when a pattern setup has been formed.
DoShowComment - show a comment in the left upper corner of the chart when a pattern setup has been formed.

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This indicator was created to spot potential reversals in the market. It will help you find the edge while trading which is required to be profitable. The indicator does what its good at, processing data objectively and presents you with the results once a new setup has been formed. It can send you a notification or email and such, so you are not required to follow the market every move. This, coupled with the edge it gives, give you the time and rest to take the appropriate action. The Engulfi

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This indicator was created to spot potential reversals in the market. The Pinbar, or Pinnochio Bar, pattern is a a great candlestick pattern which can yield good trading results if traded properly. The idea behind this pattern is that price tries to trick us into thinking the wrong direction. When a Bullish Pinbar for example has formed, it tries to convince us price is going higher but in reality price is going down at the end of the bar. These patterns can be powerful reversal signals when use

30 USD

This indicator was created to determine the overall trend of the market. Pivot points are support/resistance level areas, at which the direction of price can change. Many people are looking at those Pivot Point levels, which causes the levels to become almost self-fulfilling. Use this indicator to identify reversal points, so you can place your orders or combine it to recognize key price levels that needs to be broken to take a good breakout trade. With this indicator, its easy to find important

30 USD

This indicator was created to detect possible changes in direction of the market. Inside bars points to a certain level of indecision coming into the market. Neither side, buyers and sellers, have been able to push the price further up or down resulting in indecision. We can use this indicator to monitor for inside bar setups and having the indicator signaling the setup to the trader by alert, notification, it provides the trader with a starting point for his/her trading plan. The validation for

30 USD

This indicator is a supporting tool which helps you draw/update any chart object once. The additions or changes are automatically synchronized to all linked chart windows of the same instrument. Setup is simple. Open all required charts you want to work on, attach the indicator to each chart window and start using it. Its only allowed to attach one indicator to each chart. Once attached, you can draw on any chart (as long as it has this tool attached as indicator) and the drawing will show up o

40 USD

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Reversal Patterns

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Pinbar Scanner

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