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Ultimate Pattern Builder Indicator

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Published: 31 May 2020

Current version: 1.79

Ultimate Pattern Builder Indicator

Indicators
NIKO TORI
Version: 1.79

Ultimate pattern builder indicator

Allows you to build any pattern with up to 3 candlesticks (+ special fourth).

This indicator is special because you can create any pattern you want, by modifying body and both wicks separately to your needs. If you ever wanted to create your own patterns, or just adjust any known popular pattern, then this is perfect for you.

With this indicator you can learn how to build candles, testing it in strategy tester and get marked new candles on realtime charts, however to fully test any strategy, auto trade and get alerts i strongly suggest my EA and scanner:

EA (test any trading scenario and auto trade): https://www.mql5.com/en/market/product/52303

Scanner (multi time frame/pair): https://www.mql5.com/en/market/product/52306

Two main building features:

Case A: building is very simple with points (pips). For every body and wick you simply insert value in the form of greater, less or between value. (case A is useful, when you need to search for very specific candles with exact values)

Case B: building is a bit more complex with percentage. You can compare every body and wick to AVERAGE past value or to each other with percentage in the form of greater, less or between value. (case B is useful for common use, where you want to build specific shape and search for it at any time frame and currency pair)

For deeply explanation, please check video below (my channel) and my mql blog: https://www.mql5.com/en/blogs/post/738254

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up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is down signal.and price probably will go up. when the signals not seen press + button on terminal . too see weekly chart because of low data on chart ,it needs to lower p

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WIth this indicator you can find Engulfing pattern that touch bollinger bands + optional moving average rule. For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price. For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price. You can also use moving average rule, so bearish engulf must be below MA

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WIth this multi time frame and pair Scanner, you can find Engulfing pattern that touch bollinger bands + optional moving average rule. For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price. For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price. You can also use moving average rule, so bearis

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