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Visual comparison of history and current patterns

The indicator compares pattern found on chart history with the current price movement. Since history repeats itself, then, by comparing the two patterns, indicator can predict the further movement of the price. The indicator allows you to overlay highlighted history pattern with current movement and you will visually see this movement and will be able to compare the past and the present.

To compare two patterns, you need:

  • It is necessary to find and highlight a pattern on the history chart of a currency pair
  • Then mark the beginning of price movement from which the historical pattern will be overlaid


How to work with the indicator

  1. If you have found a pattern that you want to overlay to current price movement, select this pattern using the rectangle tool. This rectangle must be called "parent". Open the parameters of the rectangle instrument and enter "parent" in the "Name" field. NB! all the letters are small!
  2. Next, you must indicate the beginning of the price movement, from which the found historical pattern will be overlaid. To do this, you can also use the rectangle tool. This rectangle must be called "child". Open the parameters of the rectangle and enter "child" in the "Name" field NB! all the letters are small!

It is better to compare one-way movements or patterns. For example, if the "parent" pattern is moving down with a rollback, then it should be applied to the current downward movement (possibly with a rollback). And vice versa for an upward movement or more complex patterns.


How to mark a pattern

To highlight a pattern on a  history chart, use the Rectangle tool. It can be stretched in length and width. The width of the rectangle determines how many candles should be in the pattern. The height of the rectangle determines the max/min of the selected pattern.

Select the pattern as follows, for example:

  • If there is a pattern with the down movement, then the rectangle should be drawn from the top candle and from the high of this candle.
  • If there is a pattern with the up movement, then the rectangle should be drawn from the lower candle and from the low of this candle.

Drawing "parent" and "child" rectangles must match, so if "parent" is drawn from top to bottom (from the high), then you should draw "child" from top to bottom of the high of first candle. For the upward movement, the opposite of the same rule is valid. Rectangles are drawn from the candlestick low.


Features

  • showComments - specifies whether to show additional information or not. Information about the direction of the rectangles is shown. This information will help to quickly determine how a rectangle is drawn, it is important to correctly overlay the parent pattern on the analyzed pattern.
  • showCandlesOnBackground - Specifies how to draw an overlay parent chart on the analyzed graph. Draw behind the main (current) chart or in the background.
  • BullBarColor - Specifies the color of a bullish candle
  • BearBarColor - Determines the color of the bearish candles
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NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
RelicusRoad Pro
Relicus LLC
4.64 (103)
Maintenant 147 $ (augmentant à 499 $ après quelques mises à jour) - Comptes illimités (PCS ou Mac) Manuel d'utilisation RelicusRoad + Vidéos de formation + Accès au groupe Discord privé + Statut VIP UNE NOUVELLE FAÇON DE REGARDER LE MARCHÉ RelicusRoad est l'indicateur de trading le plus puissant au monde pour le forex, les contrats à terme, les crypto-monnaies, les actions et les indices, offrant aux traders toutes les informations et tous les outils dont ils ont besoin pour rester renta
Trend Arrow Super The indicator not repaint or change its data. A professional, yet very easy to use Forex system. The indicator gives accurate BUY\SELL signals. Trend Arrow Super is very easy to use, you just need to attach it to the chart and follow simple trading recommendations. Buy signal: Arrow + Histogram in green color, enter immediately on the market to buy. Sell signal: Arrow + Histogram of red color, enter immediately on the market to sell. Please email me after your purchase!
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Expert Advisor does not use indicators, does not use a grid, does not use martingale. Work like this: ONLY one order per day with Stoploss and TakeProfit! Fully automated. This expert advisor is created for investment for a long period , but NOT for speculation (not scalper, not just order opener)! To get the most out of the robot - I advise you to use the robot for at least 1 year and longer! The longer the period, the greater the profit.  The robot does not need to be set up! Just download and
Risk manager Risk manager - it will simplify the tracking of drawdown and will notify you (alert) when the specified risk is reached, and close/lock orders when the critical DD risk level is reached. If the specified drawdown is exceeded, you can choose two options for actions: All orders will be closed that mean loss will be fixed on depo. The terminal also closes. Instead of fixing the loss on depo, the opposite order will be opened - orders locking will occure. Not a single order will be
How to work with an expert adviser: “Double Paired moving averages” This is a trend strategy and has simple rules of risk management, so I advise you to study this strategy in more detail and keep it in your portfolio. If you don’t have time to constantly sit at your computer or constantly get your phone out to monitor the state of the market, then this strategy is for you! An expert advisor will help you track signals and inform you about it. The idea of ​​using this strategy is very sim
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