Market / MetaTrader 4 / Indicators /

Diamond Pattern

30 USD

Demo downloaded: 50

Published: 2 March 2019

Current version: 1.10

Diamond Pattern

Item: Diamond Pattern
Author: Suleiman Alhawamdah

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...

8495

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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This EA trades mainly in the London and New York Sessions of the market. Forex Agent A is a day scalper with a bigger stop loss and a smaller take profit. Trades are opened at the first tick of the bar. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevents the opening of new trades when important news is upcoming. Entry points are determined exclusively by various indicators. Trade exits determined e

99 USD

Expert opens trades by level and uses no indicator. It can be used with multiple currency pairs with correct settings. Depending on the currency pair, trading sessions are mostly short before the newyork close to the middle of Japan session. Due to independence of indicators, the expert can be optimized for several currency pairs and trading times. In case of extended drawdown, take profits are adjusted to exit the market sooner and if at all possibly profitable. The built-in news filter prevent

149 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 find MT5 version hier Indicator shows you 2 Level target and stop loss level. Stoploss leve

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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958

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

8495

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

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