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  • Discusión (5)
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Chart patterns scanner

This multi time frame and multi symbol indicator identifies double top/bottom, head and shoulders, pennant, triangle and flag patterns. For top/bottom, head & shoulders and pennant & triangles it is also possible to setup alerts only when a neckline breakout (confirmed signal) has occured.

The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading. For instance this productYou can find more information about the content and location of the text file in the blog.

The free version of this indicator can be downloaded here for testing before you decide to buy/rent. It is limited to EURUSD and USDJPY and has no support for mail and push alerts.

Features

  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when when the pattern has been identified or at neckline breakout (top/bottom and head and shoulders).
  • Can use RSI as a trend filter to properly identify potential reversals.
  • The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.

It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.


Input parameters

The description and explanation of the input parameters can be found here.


Please note that due to the multi functionality neither buy and sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. Lines showing the pattern will be drawn on the chart which will be opened by clicking on a signal in the panel.

I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisor on it.


Please also check out my other chart patterns related products:

Double top/bottom scanner

Comentarios 4
viamal777
331
viamal777 2020.09.30 22:04 
 

This is the only scanner that actually works. And this is the developer that considers your requests to make it even better.

mengswee
40
mengswee 2020.06.06 14:11 
 

Excellent Product, Excellent Service!

Aravind
6650
Aravind 2020.05.09 18:06 
 

Good

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Индикатор CorrelationFX – это программное решение для анализа и торговли на положительных и отрицательных корреляциях между различными инструментами валютного рынка. Как известно, котировки многих валютных пар двигаются с высокой степенью корреляции, что давно и эффективно используется для так называемого - "парного трейдинга" и хеджирования валютных рисков. Индикатор CorrelationFX поможет вам: Определить момент максимального расхождения котировок коррелируемых пар Определить момент обратного сх
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Price deviation MA
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Price deviation MA The indicator in a separate window displays the value of the price deviation ( % ) from the specified value of the  Moving Average . It can be used both for fixing positions and opening new positions. Input parameters: 1. The averaging period for calculating the moving average. 2. Averaging method. It can be any of the ENUM_MA_METHOD values: MODE_SMA - Simple averaging; MODE_EMA - Exponential averaging; MODE_SMMA - Smoothed averaging; MODE_LWMA - Linear weighted averaging. 3.
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Sam TrendBlaster
AKILA THILINDA JAYARATHNA RANASINGHEGE
*****ARROWS NON REPAINT ***** Trade With Sam Simple Strategy Guide :  https://www.mql5.com/en/blogs/post/740855 Try Out and see the Difference The Sam's Trend Blaster indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. This is an arrow indicator that shows precise price reversals. A great arsenal to add to any chart. Amazin
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Naked Forex Tweezer Pro Indicator for MT4
Renaud Candel
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Better Volumes
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Description: The indicator of tick volumes Better Volumes allows you to assess the general mood of the market and quite accurately catch the moments of the formation of large movements. The indicator is a color histogram in an additional window. In the calculation of Better Volumes the Price Action combinations are taken into account, the values of the volumes with the height of columns and color marking are displayed. Input parameters: Display_Bars - the number of displayed bars (at 0, all are
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Trend dashboard FREE MT5
Jan Flodin
This  multi time frame and multi symbol  trend indicator sends an alert when a strong trend or trend reversal has been identified. It can do so by selecting to build up the dashboard using Moving average (single or double (MA crossover)), RSI, Bollinger bands, ADX, Composite index (Constance M. Brown), Awesome (Bill Williams) ,  MACD (signal line)  or Heiken Ashi smoothed . It can be used with all time frames from M1 to MN. Max. 9 time frames can be shown in the dashboard at the same time. The c
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Filtro:
Aravind
6650
Aravind 2020.05.09 18:06 
 

Good

mengswee
40
mengswee 2020.06.06 14:11 
 

Excellent Product, Excellent Service!

suresh2425
86
suresh2425 2020.06.15 04:26 
 

Product is ok but. No filter (divergence) for double top and bottom.

viamal777
331
viamal777 2020.09.30 22:04 
 

This is the only scanner that actually works. And this is the developer that considers your requests to make it even better.

Respuesta al comentario
Versión 1.8 2020.09.30
*** Please always make a backup copy of the existing indicator (the .ex4 file) before you make the update ***

This is not a mandatory update if you are not experiencing problems at the moment.

- minor bug fix
Versión 1.7 2020.09.02
*** Please always make a backup copy of the existing indicator (the .ex4 file) before you make the update ***

- added a possibility to work with pennant and triangles break-outs
Versión 1.6 2020.06.04
- fixed an issue with lines sometimes not beeing drawn correctly for top/bottom break-outs
Versión 1.5 2020.03.05
- added a possibility to set signal time offset in hours. This is the time which appears as first information in the panel, prior to the symbol name.
Versión 1.4 2020.01.24
*** Please always make a backup of the existing indicator (the .ex4 file) before you make the update ***
- added scanning for flag patterns (beta version)
Versión 1.3 2020.01.21
*** Please always make a backup of the existing EA (the .ex4 file) before you make the update ***
Non mandatory update. Changes:
- the alert text for the email alert is now in the body of the email alerts instead of in the subject
Versión 1.2 2020.01.13
- added the possibility to insert a custom text to the pop-up (on-screen) alert
- added the signal price and time (right shoulder) to the end of the alert text for Head and Shoulder alerts
Versión 1.1 2019.12.25
- added a possibility to set that the extremum prior to the left shoulder must be higher/lower than the left neckline point. Please see screenshot #3 for explanation.
- added a possibility to disable repeated alerts in case the right shoulder gets extended (repainted).