The indicator consists of a panel, which is located in a position convenient for the user, and uses an original technology to identify a candlestick pattern, that is formed by a combination of three candlesticks which are considered to be a single candlestick. The candlestick, called large, covers three candlesticks on any timeframe. The candlestick formations that you can see belong to the one candle patterns:
- Yo Sen (bullish);
- In Sen (bearish);
- Hammer (bullish);
- Hanging man (bearish);
- Inverted hammer (bullish);
- Shooting Star (bearish);
- Standard Doji or Doji star;
- Long-Legged Doji;
- Gravestone Doji;
- Dragonfly Doji.
Also the patterns:
- Bearish Engulfing Pattern;
- Three Outside Down;
- Dark Cloud Cover;
- Evening Doji Star;
- Bearish Harami Cross;
- Three Inside Down;
- Three Black Crows;
- Evening Star;
- Bullish Engulfing Pattern;
- Three Outside Up;
- Bullish Harami Cross;
- Three Inside Up;
- Piercing Line;
- Three White Soldiers;
- Morning Doji Star.
- corner - Chart corner to display the indicator. Default - top left;
- ShowStandard - Standard analysis. Default - enabled;
- ShowStandardBig - Standard analysis with the participation of the big candle. Default - enabled;
- ShowBigCandle - Analysis by only the big candle. Default - enabled;
- Bullish_candle - bullish candle. The default color is Blue;
- Bearish_candle - bearish candlestick. The default color is Red;
- Line_candle - line. Default - Green;
- Fill color candles - filling candles with a color. Disabled by default;
- set_Alert - pattern formation signal. Enabled by default;
- set_PlaySound - sound signal on pattern formation. Disabled by default.
- set_PlaySoundWave - name of the audio file for the sound signal on pattern formation. Disabled by default.
- set_Print- print the pattern formation signal. Disabled by default.
- set_SendNotification - send the pattern formation signal as a push-notification. Disabled by default.
- set_SendMail - send the pattern formation signal to email. Disabled by default.
The indicator's feature is that it displays the candlestick patterns in a standard manner, which is displayed by the line "3 bars:" along with the big candle - "Big+:", and only by the big candle - "Big:". The new Highs and Lows can be seen in the indication panel, where their values and the magnitude of the excess in points is shown. We must always remember that any patterns can not guarantee that the price will not ignore them. The indicator supports the output of the pattern names in the Russian language along with the English language. The demo version of the product: https://www.mql5.com/en/market/product/14211