SUM Swing HL n CP

This indicator labels swing highs and swing lows as well as the candle pattern that occurred at that precise point.

The indicator can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star and bearish engulfing.

The notations HH, HL, LH, and LL you can see on the labels are defined as follows:

  • HH : Higher high
  • HL : Higher low
  • LH : Lower high
  • LL : Lower low

Setting
  • Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.

Usage & Details

It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.

Note that the labels are offset, and will appear later in real-time, as such this indicator is not intended to detect tops/bottoms in real-time.


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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
Market Makers
Mohamed Hassan
5 (4)
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After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
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