Comments | ReversalPatterns | Buy Trading Indicator for MetaTrader 4

Thushara Dissanayake 2018.03.11 02:21 #1

Dear traders,

ReversalPatterns v1.1 under testing. I will update it as my best of time.

Thank you for your support!

Thushara Dissanayake 2019.04.06 03:04 #2

Dear Traders,

ReversalPatterns v1.2 is under testing. It is more fast and new patterns included. The best example is DFP Reconnoiter Ultimate indicator. It is also using same modern algorithm to identify candle patterns. Please kindly give me one week to complete my test and to purplish new update.

Thank you.

lauro1956 2020.03.22 13:37 #3

Mr Dissanayake I really like its indicator and it works well, it does its job efficiently. But if you do not add alerts and notifications, it does not help, since we always have several currency pairs open and you cannot be in front of the screen waiting to see a signal. Very good indicator, thank you very much. But add alerts and notifications. If you have to increase the price, do it, I will buy it.

Thushara Dissanayake 2020.03.22 16:07 #4

lauro1956:

Mr Dissanayake I really like its indicator and it works well, it does its job efficiently. But if you do not add alerts and notifications, it does not help, since we always have several currency pairs open and you cannot be in front of the screen waiting to see a signal. Very good indicator, thank you very much. But add alerts and notifications. If you have to increase the price, do it, I will buy it.

Thank you for your comment. Yes i will add alerts. Give me some time to finish my current jobs. After that i will look about that.

Thushara Dissanayake 2023.06.15 16:15 #5

v1.2 Implemented Candlestick Patterns

Simple

Dragonfly Doji
Gravestone Doji
Hanging Man
Hammer
Inverted Black Hammer
Inverted Hammer
Long Lower Shadow
Long Upper Shadow
Pin Bar
Bearish Harami
Bearish Harami Cross
Dark Cloud Cover

v1.2 Features

Automatic identification: The indicator automatically identifies and analyzes various Reversal Candlestick Patterns on the chart.
Comprehensive pattern coverage: It includes a wide range of implemented candlestick patterns, both simple and complex, such as Dragonfly Doji, Gravestone Doji, Hammer, Pin Bar, and more.
Filtered signals: The indicator filters signals based on the prevailing trend and historical data, ensuring reliable and high-quality pattern identification.
Visual representation: It draws arrow signs and displays the names of the identified candlestick patterns on the chart, making it easy to spot and analyze the latest reversal patterns.
Customizable visuals: Users can customize the arrow type and colors of all objects, allowing for personalized visual preferences and better clarity.
Comparative analysis: Traders can compare their chart analysis with previous and current identified candle patterns, aiding in decision-making and pattern recognition.
User friendly parameters: The indicator provides parameters for easy customization, including options to set buy and sell signal colors, choose specific characters for arrow signs, and adjust the distance of arrow placement from candle highs/lows.
Hi-Lo Margin analysis: The "Hi-Lo Margin" parameter allows users to specify the margin level from the day's high and low for enhanced candlestick pattern analysis.

v1.2 Parameters

Graphic Parameters

Buy Color - Buy signal color (Arrows and all other objects).
Buy Sign - Character for buy signal (Wingdings).
Sell Color - Sell signal color (Arrows and all other objects).
Sell Sign - Character for sell signal (Wingdings).
Distance -Distance for draw arrow from candle high/low.

Other parameters

Hi-Lo Margin - Margin level from day high and low for analyze candlestick patterns.