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M W Scanner

39 USD

Demo downloaded: 323

Published: 11 December 2022

Current version: 1.10

M W Scanner

Name: M W Scanner
Price: 39.00 USD
Rating: 5 (11 reviews)
Author: Reza Aghajanpour

Indicators
Reza Aghajanpour
Version: 1.10
Updated: 24 January 2026
Activations: 20

** All Symbols x All Timeframes scan just by pressing scanner button **

*** Contact me to send you instruction and add you in "M W Scanner group" for sharing or seeing experiences with other users.

Introduction:

Double Top(M) and Double Bottom(W) is a very repetitive common type of price reversal patterns. Double Top resembles M pattern and indicates bearish reversal whereas Double Bottom resembles W pattern and indicates a bullish reversal that they have high win rate.

The M W Scanner indicator Scans All charts just by pressing one click. It has stop loss, Take profits and entry point levels with using Fibonacci levels and candlestick checking to find the best entry point and exit of trading. It finds signals immediately with alarm and notification for easy trading.

Main Features:

Detect the best and most common successful reversal trend : Double Top(M) Pattern, Double Bottom(W) Pattern, Double top bottom
Easy-to-use and user-friendly indicator
NO repaint
Scan All charts button ( Forex, Crypto, Indices and commodities )
Select and deselect time frames button for scan (M1,M5,M15,M30,H1,H4,D1,W1,MN)
It displays and pushes notification stop-loss, take profits and entry-point levels
Candlestick check for the best entry point
Use Fibonacci levels
Sending the alert and push notification

method Engulfing/breakout - Engulfing on the edge of pattern / Breakout neck of pattern
Alert enable/disable base on your setting time
Adjust the pattern setting

Input Parameters :

=========Scanner============

Scan All Charts – Enable
Scan the number of candles – Amount of history bars to evaluate
Re-scan Timer – Re-scan all charts in all time frames after passing time
mode = Engulfing/breakout - Engulfing on the edge of pattern / Breakout neck of pattern

=======Display/style Options============

Display Options – Display or do not SL & TP & Entry levels
Stop Loss levels and Breakout Style - Set the Fonts and colors of patterns

========ALERT SETTINGS ==========

Display Alert or Push Notification – Enable or disable Alert or Push Notification
How many candles are past a pattern – Maximum Number of candles Passed from a pattern to allow alert
Alert Buffer Size – Maximum save alert to prevent duplicate alerts
Alert start/end time – Determine trading hours based on the computer clock to activate and deactivate the alarm

more...

24304042 2025.11.13 14:49 #

Been testing this indicator for a few days now. I'm liking what I see. The engulfing option seems to repaint, the breakout option is non repaint. However I like the engulfing option as it gives me the heads up that a breakout pattern might be coming. Nice indicator.

214

paulstrong23 2025.05.25 03:01 #

I'm very happy with the indicator and the developer answers any queries very promptly

177

ivaylo slavkov 2025.03.18 15:43 #

Very Good indicator, Highly recommend,5 stars for Developer !

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