Hi, What is the best time frame to use this indicator?

Hi Mohammad.

Thank you for your question. The best way to know what is the best timeframe for which market and pattern is to look at the "chance of hitting target after breakout" .

That appears in the bottom right of the screen when you click view.

It uses statistics to estimate if a particular pattern was profitable on the current chart (market and timeframe).

I advise you to estimate benefit because on shorter timeframe patterns are so small that it's not worth it.

And make sure that before making a decision there is enough patterns (more than ten) for the calculation to be precise

"And make sure that before making a decision there is enough patterns (more than ten) for the calculation to be precise"

means index more than 10 pattern detected?

The "chance of hitting target after breakout" is the most representative when the algorithm detects the same pattern several times,
Please note that the number 10 does not represent a threshold, but an example to explain the reprehensibility, it illustrates the fact
That below the calculation is really not representative

Hi, I bought this indicator on 21st May for MT4, initial few days it was ok, but now when ever it trys to scann, system is getting hanged.

even if I only have this run on one scrip. today i deleted old one and installed once more, but still the same case !!

can you please let me know what could be the problem !!

Hello sir Could you please reply to my private message? I will help you to debug the indicator

Hi Sami .. 

First of all, thank you for this wonderful indicator. 

Is it possible to add an option in Input setting to enable/disable historical detected patterns.

It is taking too long when switching to the timeframe that we got a signal on it because the indicator will list all the old/historical patterns prior to display the last one.

Another point, in input (Dont notifie if chance of success is less than : 50), but still it shows even less than 10%.

And also an option in input to select/unselect one or multiple timeframes.

And last point to add an option for alert sound.

Keep good work ...

Hi Anwarlb

Thank you very much for your comment, it is possible to enable/disable  historical patterns  by decreasing or increasing the ScanHowMuchBar parameter

with this parameter you can decrease the number of scanned bars which will decrease the number of detected patterns so it will decrease the loading time when you change charts or when you apply the indicator

please note that the indicator uses the detected patterns  to output the "chance of hitting target after breakout" percentage that appears at the bottom right of the screen, decreasing the number of detected patterns will make this percentage less accurate

it keep saying in the experts panel cannot open zig zag please help i have just brought this indicator and it wont work

Hi Riza

The Chart Pattern indicator uses the Zigzag indicator which is included by default in any mt4 platform the error message says your Zigzag indicator is not working

try uninstalling then reinstalling metatrader 4,  this may set the Zigzag indicator correctly

Hi

its good indicator but i missing if you add Buy/Sell Price and TP and SL in Alert

2022.07.19 09:22:22.176 Chart Patterns Analyser EURUSD #,M5: Alert: Neck line of Falling Wedge Indexed: 182 Broke Out, chance of success: 62% Symbol : EURUSD# M5

here can u please update price target and SL

thanks 

Hi Rajkriantheone.

sorry for the late reply, I was on vacation.

Thank you for your interest in chart pattern, and for your suggestion.

The problem is that the space for the characters in the alert/email/push notification is limited, so I had to do a choices regarding the information contained in the message.

Hi Sami

i have an suggestion, can you change index and chance of hitting target after break value base on pattern detected, currently is base on all pattern.

either u change current or add new index.

and with new mt4 build, when i click view detected pattern, the pattern show few second then missing.

hope you can make new update

thanks

please ignore index and pattern percentage, only issue with new mt4 build, when i click view detected pattern, the pattern show few second then missing

for the index, i try to scan only 1 pattern, it show index 2, and 2 failed, 1 success, but on the chance of hitting target = 50%

i think some bug on your calculation about percentage chance of hitting target.

what i suggest is

Index = base on individual patterns detected.

chance of hitting target = please fix it.

attachment screenshot.

Index detected = 4

index summery = 3

chance of hitting target after break: 50% ( all 4 detected is failed)

What you told me about is not problem of accurency, it is the normal behave of the indicator it shows 50% of chance of hitting target when there is not enough patterns to give a non neutral percentage and it never rich 100% because we can never be sure, the calculation is made each pattern on it's own

and the index start from 0 that's why the forth pattern have the index 3 in computer science we call that zero-based numbering it doesn't change anything at all

i just got this indicator but it has my MT4 completely bogged down, i even use the recommended separate server. is there anyway to improve performance? Also, does this update automatically or do i need to do anything like close and re-open charts for it to update?

Dear Developer/Seller,

I have asked before but am getting radio silence. Why is your product bogging down my computer? When I open up task manager it is using 30-50% resources and causes my computer to freeze. I have reduced down to using it only on 6 charts, I have reduced the "scanhowmuchbar" in the tools input down from 5000 to 2000 but its still bogging down my system.  Again, I asked the same question i asked 2months ago and never got a response.  Is there something I can do so I can use this analyzer without it completely locking down my computer?