LevelPAttern MT5

LevelPAttern MT5 is a technical indicator based on the daily levels and Price Action patterns. The indicator is based on the standard ZigZag indicator + reversal candlestick pattens, such as Star, Hammer (also knows as Pin bar), Engulfing and others. The indicator generates audio and text notifications when a pattern is formed and a level is touched. It also supports sending email and push notifications.


Indicator operation features

  • It is suitable for working with any CFD and FOREX trading instrument. Recommended timeframe - H1, H4 and D1
  • Formation of a pattern, or level touching + formation of a pattern can be considered a market entry signal
  • When using this indicator, it is also necessary to take the global trend into account.


Parameters

  • number of bars in the history of the indicator - the number of bars analyzed for detection of the Price Action patterns
  • number of bars to search for levels - the number of bars for plotting levels based on the ZigZag indicator
  • maximum distance between levels - the maximum distance in points between the breaks (peaks) of the indicator
  • ZigZag color of daytime levels - color of the daily levels
  • color of Zigzag levels - color of the ZigZag levels
  • color of buy trend patterns - color of the patterns directed upward
  • color of sell trend patterns - color of the patterns directed downward
  • pat.:hammer - enable/disable the Hammer pattern (hm)
    • pat.:hammer:max body (in point) - the maximum size of a candle body in points
    • pat.:hammer:min shadow hammer handle (in % from sweep) - the minimum shadow of the Hammer handle as a percentage of the candle span
    • pat.:hammer:max shadow opposite hammer handle - the maximum shadow opposite to the Hammer handle as a percentage of the entire candle span
  • pat.:absorption - enable/disable the Engulfing pattern (abs)
  • pat.: clouds - enable/disable the Cloud pattern (cloud)
    • pat.:clouds:min body (in point) - the minimum body size in points
    • pat.:clouds:min body (in % from sweep) - the minimum body size as a percentage of the entire candle span
  • pat.:star - enable/disable the Star pattern (star)
    • pat.:star:min body (in point) - the minimum body size of side candles in points
    • pat.:star:min body (in % from sweep) - the minimum body size as a percentage of the side candles span
    • pat.:star:max body star (in point) - the maximum body size in points of the central candle
    • pat.:star:max body star (in % from sweep) - the maximum body size of the central candle as a percentage of the side candles span
    • pat.:star:max sweep star (in point) - the maximum span of the central candle in points
    • pat.:star: max sweep star (in % from the surrounding bars) - the maximum span of the central candle as a percentage of the side candles span
  • pat.:star(doji) - enable/disable the Start (Doji) pattern star(d)
    • pat.:star(doji):min body (in point) - the minimum body size of side candles in points
    • pat.:star(doji):min body (in % from sweep) - the minimum body size as a percentage of the side candles span
    • pat.:star(doji):max body star (in point) - the maximum body size in points of the central candle (can be 0)
    • pat.:star(doji):max body star (in % from sweep) - the maximum body size of the central candle as a percentage of the side candles span
    • pat.:star(doji):max sweep star (in point) - the maximum span of the central candle in points
    • pat.:star(doji):max sweep star (in % from the surrounding bars) - the maximum span of the central candle as a percentage of the side candles span
  • notice:alert - enable/disable alerts
  • notice:email - enable/disable email messages
  • notice:mobile app - enable/disable push notifications
  • ZigZag:Depth - Depth of the ZigZag indicator
  • ZigZag:Deviation - Deviation of the ZigZag indicator
  • ZigZag:Backstep - Backstep of the ZigZag indicator
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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Indicators
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