Morning Evening Star

The indicator displays the "Morning star" and "Evening star" patterns on a chart.

The Evening star is displayed in red or rose. The Morning star is displayed in blue or light blue.


Input Parameters:

  • Max Bars – number of bars calculated on the chart.
  • Make Signal Alert – use alerts.
  • Send Push Notification - send notification to a mobile terminal
  • Type of rules pattern – type of the model of pattern determination (Hard – with the control of length of shadows of the second bar). If Soft is selected then patterns that do not meet the maximum shadow length condition will be displayed in light colors (rose or light blue).
  • Smart Filter Enabled – filter that considers the probability of reverse.
  • Sensitivity Smart Filter – sensitivity of the "Smart Filter" (0 ÷ 1). 1 – maximum sensitivity. 0 – minimum sensitivity (there will be less signals).
  • Ratio of body length (first bar) – coefficient of the minimal length of body of the first bar.
  • Ratio of body length (second bar) – coefficient of the maximal length of body of the second bar.
  • Ratio of length of shadows (second bar) – coefficient of the maximal length of shadows of the second bar.
  • Ratio of body length (third bar) – coefficient of the minimal length of body of the third bar.
  • Short-Term Trend Filter – settings of the short-term trend filter.
  • MA Filter Enabled – use the short-term trend filter based on MA.
  • MA Method – method of averaging of MA.
  • MA Period – period of MA.
  • MA Price Type – type of price used.
  • Set Bollinger Bands Filter – setting of the filter based on the Bollinger Bands indicator.
  • Enabled Filter – use the filter based on the Bollinger Bands indicator.
  • Entry BBands period – period of Bollinger Bands.
  • Entry BBands deviation – deviation of Bollinger Bands.
  • Range Check – number of bars to be checked.


Recommendations on usage:

Enter the market by pending orders placed:

  • on the Low level of the third bar minus several points for the Evening star.
  • on the High level of the third bar plus several points for the Morning star.

SL is placed on the local extremum level plus several points.

A signal formed on Friday 3-4 hours before the end of a trade session should be better skipped.

If there is an open position when a signal appears, it is recommended not to reverse, but continue trailing the open position.

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4.9 (192)
Indicators
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Georgios Kalomoiropoulos
Indicators
Quant Direction is a 3 dimensional market analysis tool. It provides a purely objective, algorithmic view of the market by calculating exact percentage-based biases across multiple dimensions simultaneously. Developed utilizing advanced AI modeling tools and subjected to thorough testing, this algorithm is engineered to read the market with unique precision. It can analyze any currency pair or financial instrument available on your platform.  Quant Direction is the ideal tool whether you are a S
ScalpPoint
Temirlan Kdyrkhan
Indicators
ScalpPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or emai
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Temirlan Kdyrkhan
Indicators
SmartScalping is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or e
Btmm state engine pro
Garry James Goodchild
5 (5)
Indicators
BTMM State Engine Pro is a MetaTrader 5 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
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Indicators
M1 SNIPER   is an easy to use trading indicator system. It is an arrow indicator which is designed for M1 time frame. The indicator can be used as a standalone system for scalping on M1 time frame and it can be used as a part of your existing trading system. Though this trading system was designed specifically for trading on M1, it still can be used with other time frames too. Originally I designed this method for trading XAUUSD and BTCUSD. But I find this method helpful in trading other markets
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Indicators
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Indicators
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