TheStrat Patterns MT5

This indicator will draw patterns based on Rob Smith's The Strat as they emerge in real time on your chart.

As price evolves, TheStrat offers 18 distinct price action patterns that can help you get good entries in the market. Each pattern involves two or three candles, and this indicator will draw a bounding box around the candles and name the pattern.

The indicator also shows when a potential setup is forming, known by stratters as an Actionable signal.


Candles

Each candle is defined by its relationship to the previous candle.

Type 1 - Inside candle- The candle is entirely within the high and low of the previous candle. An inside candle shows the market is at a point of indecision.

Type 2 - Trending candle- The candle extends above or below either the High or low, but not both, of the previous candle.

Type 3 - Outside candle- The candle has broken both the high and low of the previous candle. An outside candle shows price is broadening, producing higher highs and lower lows on a lower timeframe.


Patterns

This indicator supports and displays the following patterns, see the comments section for a visual description:

ACTIONABLE

  • 1-2-1 - Potential reversal into a 1-2-2
  • 2-1-1 - Potential reversal or continuation into a 2-1-2
  • 3-1-1 - Potential reversal into a 3-1-2
  • 3-2-1 - Potential reversal into a 3-2-2

IN-FORCE

  • 2-1-2u Continuation
  • 2-1-2d Continuation
  • 2-1-2u Reversal
  • 2-1-2d Reversal
  • 3-1-2u Reversal
  • 3-1-2d Reversal
  • 3-2-2u Reversal
  • 3-2-2d Reversal
  • 1-2-2d Reversal
  • 1-2-2d Reversal
  • 1-3u Reversal
  • 1-3d Reversal
  • 2-2u Reversal
  • 2-2d Reversal
  • 2-2u Continuation
  • 2-2d Continuation
  • 1-2u Breakout
  • 1-2d Breakout

SETTINGS

Settings are available to allow you to customise the display to suit your own preferences.

We have published a document that describes the configuration settings here: https://www.mql5.com/en/blogs/post/746389


Please take the time to download the free Demo and try it out!




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FiboSniper Pro - Multi-Filter Fibonacci System with Auto SL/TP and Control Panel FiboSniper Pro is a technical indicator that combines dynamic Fibonacci Envelopes with multiple confirmation filters to generate selective Buy and Sell signals. Fibonacci levels are calculated from Moving Average and ATR, then filtered by ADX, EMA, RSI, ATR, Volume, Time and Candle structure. The indicator displays automatic ATR-based Stop Loss and Take Profit levels directly on the chart, along with an interactive
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Unix Scalper — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Find the setup. See the plan. Choose how to trade it. UNIX Scalper brings market analysis, BUY/SELL/WAIT decisions and Entry, Stop Loss, TP1 and TP2 levels into one organized panel. SEE THE SIGNAL AND THE PLAN • Clear decisions: BUY, SELL or WAIT. • Defined levels: Entry, Stop Loss, TP1 and TP2. • Multi-timeframe overvie
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Indicators
Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
AriFocus
Temirlan Kdyrkhan
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AriFocus - Non-Repainting Buy/Sell Signals AriFocus - one clear signal. AriFocus marks buy and sell signals directly on the chart and suggests a stop-loss level for each one. Every signal is confirmed on bar close and never repaints. - Buy/sell arrows, confirmed on bar close - Suggested stop-loss level for every signal - Trend band and candle coloring to show direction at a glance - 10 ready-made presets, or your own settings (14 calculation methods) - Pop-up, push and email alerts with entr
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This indicator draws the prior Highs and Lows for multiple timeframes, and can display potential Take Profit and Stop Loss levels. In Rob Smith's # The Strat  terms, these are potential entry points, or alternatively potential targets for open positions. I like to use them in both ways. On a lower timeframe, say 5 minutes to get a good entry on a daily or weekly level, and then as a potential target. Very small stops required giving an excellent risk/reward ratio. Key Features  - Levels from Hou
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FTFC refers to Full Timeframe Continuity as defined by Rob Smith's  The Strat  . This indicator draws two lines on the chart, one of the highest of the Quarterly, Monthly, Weekly, Daily or Hourly opening levels, and the second of the lowest of those values. This gives you a channel above or below which trading is more likely to be very strongly in one direction. Between the lines, price action will be choppier and you may with to use wider stops. A third dashed line is also drawn to show the mid
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When trading using  The Strat , it is important to keep an eye on multiple timeframes. This indicator will show the Daily, Weekly, Monthly and Quarterly state of the current candle for each timeframe. A Circle icon shows that the candle on that timeframe is currently an Inside, or Type 1 in TheStrat terminology. An Inside Day candle is consolidating price action, and we are looking for a breakout of the range. A Triangle icon, pointing up or down, is a trending candle, or Type 2 in TheStrat term
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Pivot levels are a well established technical level that's recognised in every market. This indicator will draw the current Quarterly, Monthly, Weekly, Daily and four-hourly pivots on the chart, for any symbol. You can also show the Suppport and Resistance levels for each period and choose which to display from levels 1 to 4.   Choose the type of Pivot from: Standard Camarilla DeMark Woodie Fibonacci Please note, DeMark pivots have a single Support and Resistance level as per the original specif
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Markets really love round numbers and they often act as support in a falling market, or resistance as price rises. This indicator is designed to draw price levels at Round values. It does this automatically, but you also have the option to override that and determine the levels you wish to see. A round level can be as simple as steps of 10, so 10, 20, 30 etc or if you are working with Forex, maybe you want to see changes at 0.1 or 0.01. The indicator draws two classes of line, Major and Minor,
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Average True Range (ATR) is a commonly used indicator that measures the amount of movement in price over a set duration. However the value it gives is not defined within any sort of boundary, which makes using it for anything other than stop loss or take profit calculations, almost impossible. This indicator is your standard ATR indicator, but we have introduced percentile demarcations so you can see the extremes. You can choose between Percentiles and something we call Split Medians Percentile
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Robert Gerald Wood
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Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
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