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Diamond Pattern

30 USD

Demo downloaded: 52

Published: 2 March 2019

Current version: 1.10

Diamond Pattern

Indicators
Ugur Oezcan
Version: 1.10
Updated: 3 April 2019
Activations: 5

The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further.

You can find MT5 version hier

Indicator shows you target level and stop loss level. Stoploss level can be adjusted depending on your risk tolerance.

The following alert types are available:

- Popup alert,

- Email ( Settings in metatrader 4 stations necessary: instruction ),

- Notification to mql5 app ( Settings in mql5.com profile necessary: instruction ),

- sound,

- Comment at screen,

- log at expert tab

INPUT PARAMETERS

*** Pattern setup

Min Points - Min points between resistance / Support prices

Trend Move Min Bars - min trending bars before checking pattern

Trend Move Max Bars - max trending bars before checking pattern

Enable reversal signal - Enable reversal signal

Enable continuation signal - Enable continuation signal

*** Trade setup

Stoploss Offset Points - Stoploss offsett of from pattern high/low point

*** Visualisation

Panel Offset - Panel vertical position offset from above

Alert Type - choose alert type

more...

8820

Aravind Kolanupaka 2022.03.29 17:49 #

Nicely done. This indicator shows pattern, levels to trade and the best part is confirmation arrow showing direction.

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!!! New faeture sending Signals as VIP SMS with ASPSMS.COM !!! New faeture sending Signals as VIP EMAILS MT4 Telegram Signal is tool, which sends selected trades via magicno to telegram channel , sms and email to user. Tool sends trades when open and close with chart to telegram chanel. It also sends every modification from trades to telegram. Tool can send multiple charts and magicno and pairs from a single chart. For this you have to fill in on the chart corresponding magic number to be sent

80 USD

No grid! No martingale! No manual configuration or adjustment needed! Every trade is protected by stop loss. You can find metatrader4 version here: https://www.mql5.com/de/market/product/18571# This Expert Advisor only trades for a short time frame at night, during the ending of the New York session. It uses low volatility moments in EURUSD and enters trades based on indicators. It then manages those trades with dynamic stop losses and take profits also based on indicators. A safety mode further

119 USD

30 USD

What is Double Top and Bottom Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. you can fin MT4 version hier Indicator shows you 2 Level target and stop loss level. Stoploss level

30 USD

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1007

Suleiman Alhawamdah 2023.06.18 22:21 #

We hope to update indicator, first remove the annoying green box because it is meaningless and takes up a lot of space on the screen and causes visual distortion, and we hope for some quality improvements and search for deals

8820

Aravind Kolanupaka 2022.03.29 17:49 #

Nicely done. This indicator shows pattern, levels to trade and the best part is confirmation arrow showing direction.

Version 1.10 2019.04.03

- Added trend contunation Signal
- User Parameter "Enable continuation signal" added
- User Parameter "Enable reversal signal" added