Chart patterns scanner MT5
This multi time frame and multi symbol indicator identifies double top/bottom, head and shoulders, pennant, triangle and flag patterns. For top/bottom and head and shoulders it is also possible to setup alerts only when a neckline breakout (confirmed signal) has occured.
The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading. For instance this product. You can find more information about the content and location of the text file in the blog.
- Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
- Monitors every timeframe, from M1 to MN, and sends you a real-time alert when when the pattern has been identified or at neckline breakout (top/bottom and head and shoulders).
- Can use RSI as a trend filter to properly identify potential reversals.
- The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.
It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.
The description and explanation of the input parameters can be found here.
Please note that due to the multi functionality neither buy and sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. Lines showing the pattern will be drawn on the chart which will be opened by clicking on a signal in the panel.
I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisor on it.
Please also check out my other chart patterns related products:
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Totally linked to the result of a movement and the duration he had. Its height records how many ticks the asset walked during a given movement, its width shows us the duration that movement had. Its configuration must be in line with the Weis Wave Indicator configuration to observe the movement force and can indicate a possible accumulation or distribution of the movement;
Royal Wave is a Trend-Power oscillator based on a price adaptive algorithm that runs statistical analyses on the price movement to predict and locate low-risk entry zones and exit zones. Its rich alerting system generates well-timed trading signals that give the trader enough time to make proper logical trading decisions. Features Trend-Power Algorithm Low-risk Entry Zones and Exit Zones Predictions for Overbought and Oversold areas Rich Alerting System ( Sound Alerts , Phone Notif
A scalping indicator based on mathematical patterns, which on average gives signals with relatively small SL, and also occasionally helps to catch big moves in the markets (more information in the video) This indicator has three main types of notifications: The first type warns of a possible/upcoming signal on the next bar The second type indicates the presence of a ready signal to enter the market/open a position The third type is for SL and TP levels - you will be notified every time price r
RSI Alert with Symbol Selection A popular method of analyzing Market by using the RSI is to look for a divergence as an indication of an impending reversal. Two types of Alert Method can be determined and probably can be a part of your Trading Strategy: RSI Break Through High Limit or Low limit RSI Return to the High Limit or Low Limit Other than this strategy , this indicator also comprise of the Draw Arrow When Buy/Sell Signal met conditions and Alert notification to you Telegra
KT Momentum Arrows Indicator is based on a momentary breakout which is calculated using the bands deviation and emerging volatility in a certain direction. A buy signal is generated when the price closes above the upper band and a sell signal is generated when the price closes below the lower band. A magnitude coefficient is used as the input which affects the band deviation and volatility at the same time. The coefficient value should be carefully selected and analyzed based on the instrument a
- bug fix. Not mandatory of everything is already working as it should.
- the alert text for the email alert is now in the body of the email alerts instead of in the subject
- added the possibility to insert a custom text to the pop-up (on-screen) alert
- added the signal price and time (right shoulder) to the end of the alert text for Head and Shoulder alerts