Market / MetaTrader 5 / Indicators /

LevelPAttern MT5

150 USD

Demo downloaded: 72

Published: 23 July 2018

Current version: 2.0

LevelPAttern MT5

Indicators
Maxim Sokolov
Version: 2.0
Updated: 28 January 2020
Activations: 5

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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LevelPAttern 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 instrume

150 USD

EA Mbot News Trader MT5 is an Expert Advisor based on a classical news trading strategy. You just need to configure from properties News time and the rest is automatically handled by the robot. The Expert Advisor uses pending orders expecting both breakout and rollback. Before news release, the EA places two pending orders at a preset distance from the current price. Once one of the orders triggers, the second one is deleted. A common trailing stop is used to manage positions. If a news release

60 USD

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