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Custom Pattern Detector

This indicator lets you define your own custom pattern instead of other common candlestick patterns which everyone knows about like the Doji pattern. Once the indicator knows the pattern you want it to look for then it will go through past and future bars on the chart, make them visible to you, and gather statistics. These statistics include the percentage of bullish and bearish candles that immediately followed the pattern. So the user will have a statistical advantage in knowing what type the next candle will be and can trade accordingly.


Possible Uses:

  • As a supplement to an existing trading system. For example, only placing a buy trade if the bullish percentage is above 50%.
  • It can be used in binary options trading since the outcome of the candle is known in advance.
  • For your own statistical analysis or record keeping. For example, if you want to make your own EA using a certain reliable pattern.


Settings:

  • Shift - This input is used to make the indicator recognize where on the chart it needs to look for a pattern. This is the shift relative to the current open candle that the pattern ended on. Or in other words, how many candles ago that the pattern starts going from right to left.
  • Date_Time - This does the same as the 'Shift' input except that you can define the pattern by MT4 date/time instead of a shift. For example, if you plot a vertical line on the chart, you will see that the line has a date and time on the bottom. This is the same format that this input will use. So as an example, you could input '2014.04.22 08:30' or something like this. Just keep the format the same with no extra characters or spaces.
    Note: You must either use 'Shift' or 'Date_Time'. There is no other option for telling the indicator where to start on the chart. There is no need to use both. Just use one method.
  • Num_Candles - This input is used to make the indicator know the duration in candles after the starting point that the pattern is. So if you input 3, then this means that the pattern you want to use is 3 candles long. This input needs to be greater than 0.
  • Max_Upper_Tail_Deviation, MaxBody_Deviation, Max_Lower_Tail_Deviation - These inputs control the maximum deviation allowed in finding past and future patterns. These inputs are based in percentages and not pips or points. A zero will disable each one. Anything greater than 0 is telling the indicator to be strict in recognizing patterns. The higher the number for each then the more deviation you are allowing.
    For example, let's say your pattern has a candle with an upper tail of 100 points and you have the input 'Max_Upper_Tail_Deviation' set to 50. You would be allowing a deviation for the upper tail(s) to be 50% bigger/smaller than 100 points. So if a tail was 50 points up to 150 points then it could still be used since it has an allowable deviation. If you set all 3 inputs to 0 then this is ok too. This would mean that you only care about candle type formations excluding body and tail pips/points. For example, let's say your pattern consists of 7 candles like bullish, bearish, bearish, bearish, bullish, bullish, bullish. If there is a group of 7 candles like this somewhere else on the chart then this group of 7 candles would be considered a match and included in the statistics.
  • Color - This is the color of the boxes drawn by the indicator.
  • Width - This is the width of the boxes drawn by the indicator. Set this greater than 0.
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Indicator captures the trend reversals with no-repaint Buy and Sell Arrow signals. Good at catching  Swing Highs  and  Swing Lows . SCROLL DOWN TO VIEW SCREENSHOTS AND WATCH VIDEO ________________________________________________________________ Trading using CyberZingFx Trend Reversal is Simple You Buy when a Buy Arrow Appear and Sell when there is Sell Arrow. Put Stop Loss above Higher High for SELL Order and below Lower Low for BUY. Close order partially when an exit signal (dot) appear. The
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POWR Trend Trader
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Trade Indicators LLC
Our most popular indicator in our fleet of indicators. The POWR Trend Trader is the highest grossing manual strategy for trading on the market today. This indicator is upgraded with more Profit Points and also introduces Re-Entry alerts. The POWR Trend Trader (PTT) is our premier indicator! What this indicator can do for your profits is staggering! HOW TO USE The POWR Trend Trader has a Master Trend Meter at the bottom of the chart. We actually re-coded the main indicator that turns your candle
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Market Pulse Pointer
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Brilliant Harmonic Patterns
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Mohamed Sabry
This indicator is meant for Harmonic Traders, it helps them in identifying the formed patterns by analyzing the market past data, looking for Harmonic Patterns. The Patterns that this indicator can detect are: AB=CD Butterfly Gartely Crab Bat The indicator shows the following: The completed pattern, with the critical zone highlighted in Gray box The suggested 3 take profit levels (in green) The Suggested Stop Loss level (in Red) The formed pattern ratios can be checked by hovering the mouse on t
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ToolBox 360 MT4
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Brilliant Advanced Timing
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Mohamed Sabry
This indicator shows the Up/Down trend calculated on a specific Time Frame defined by the user. The trend is shown in color coding for easy identification. ex: User can show the trend calculated from a Daily (D1) chart on the H4 chart. NOTE: Required Time Frame must be higher than the chart current time frame, otherwise the indicator will draw nothing. The available Moving Averages for the signal are: Simple Moving Average. Exponential Moving Average. Smoothed Moving Average. Linear Weighted M
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ScalpingCircles
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Andrey Kozak
Ready trading system that gives the trader buy and sell signals. It is enough to place the indicator on the chart, it automatically analyzes the market situation, determines the direction of the trend, calculates support and resistance levels, analyzes the price movement dynamics and shows the trader on the chart in the form of arrows the moments when it is necessary to open orders and in what direction. Trading strategies with ScalpingCircles: Trading with these signals is very simple. A
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Beast Super Signal
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The Beast Super Signal is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion level The Beast Super Signal indicator will monitor the current price, and only when all of the internal strategies align, and are in 100% agreement with each other, the indicator will paint a new buy or sell signal arrow on the chart. All
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MQL Universal EA
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MQL Trendline EA
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Martin Eshleman
Summary This EA will trade semi-automatically based on trend lines or horizontal lines that are manually plotted on the chart by the user. It can handle any number of lines per chart and each line can have its own adjustable settings. This EA manages every line separately based on specific user 'keywords' for each line. It does not apply the same EA settings to each line the same way. This is why there are very few inputs in this EA. This allows for a single EA on a single chart that can manage
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RSI Momentum Arrows
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Martin Eshleman
Summary This indicator is based on RSI and Momentum indicators. It also considers moving averages of these two indicators. The three indicators have adjustable settings. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. The arrows can be used in the EA and the inputs can also be optimiz
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Renato Gomes
235
Renato Gomes 2015.11.04 10:48 
 

This indicator simply does not work well. I have tried several times and it just does not work. When you put another thing on it, the Pattern Detector is kicked away from the chart. Money thrown away!!

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