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Triangle Chameleon MT4

Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject.

What is special about this indicator is that it can be integrated into your own MT4 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() function. With this it is possible to optimize the determination of points p3 and p4 for each trading instrument and timeframe. This eliminates the need for tedious manual trial and error to determine the correct values. A simple Expert Adviser as an example and for optimization is available free of charge.

MT5 version available here: https://www.mql5.com/en/market/product/81345

Other functions/features:

  • Maximum opening distance of the first two points (p1-p2)
  • Minimum opening distance of the last two points (p3-p4)
  • Determination of the four points by fractals
  • Determination of points three and four using variations in the area of ​​Fibonacci levels 23.8 and 38.2
  • Display of Fibonacci levels 23.8/38.2/61.8/76.2 in triangle
  • Optional display of Fibonacci level 161.8 in the triangle
  • Acoustic signal when a new pattern appears
  • Alert interval selectable by timeframes
  • Display of the last pattern/all patterns switchable
  • Optional switchable onscreen panel for convenient operation of the most important functions:
M  = Panel on/off
FI  = Show/hide Fibonacci-Levels
FX = Show/hide Extended Fibonacci-Levels
AC = Alarm if new Pattern on/off
LP = Show last/all Patterns 
See demo here: https://www.youtube.com/watch?v=Lz_9L3FXR2U

Comment on the screenshots:

The backtest shown below covers a period from January 2020 to May 2022 for EURUSD and is only to be understood as an example of the efficiency of symmetric triangles. Results can vary significantly depending on broker and account type. When developing an optimally profitable trading system, other indicators should be included!


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Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
4.91 (494)
Indicateurs
ACTUELLEMENT 31% DE RÉDUCTION ! ! La meilleure solution pour tout débutant ou Expert Trader ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons incorporé un certain nombre de caractéristiques exclusives et une formule secrète. Avec seulement UN graphique, il donne des alertes pour les 28 paires de devises. Imaginez comment votre trading s'améliorera parce que vous serez capable de repérer le point de déclenchement exact d'une nouvelle tendance ou d'
Price Action Entry Alerts
Stephen Sanjeeve Sahayam
5 (3)
Indicateurs
Cet indicateur examine chaque barre pour la pression d'achat ou de vente et identifie 4 types de modèles de bougies avec le volume le plus élevé. Ces bougies sont ensuite filtrées à l'aide de plusieurs filtres linéaires pour afficher les signaux d'achat ou de vente. Les signaux fonctionnent mieux, en conjonction avec une direction temporelle plus élevée et lorsqu'ils sont négociés pendant les heures de volume élevé. Tous les filtres sont personnalisables et fonctionnent indépendamment. Peut aff
Entry Points Pro
Yury Orlov
4.7 (225)
Indicateurs
Indicateur supérieur pour MT4 fournissant des signaux précis pour entrer dans un trade sans repeindre ! Il peut être appliqué à tous les actifs financiers : forex, cryptocurrencies, métaux, actions, indices.  La version MT5 est ici Il fournira des signaux de trading assez précis et vous dira quand il est préférable d'ouvrir un trade et de le fermer. Regardez la vidéo (6:22) avec un exemple de traitement d'un seul signal qui a rapporté à l'indicateur ! La plupart des traders améliorent l
Trend Forecasting
Mohamed Hassan
5 (15)
Indicateurs
Cet indicateur est très puissant lorsqu'il est combiné avec notre autre indicateur appelé Katana. Après l'achat, envoyez-nous un message et vous pourrez obtenir Katana GRATUITEMENT en BONUS  ! Le prix augmentera bientôt à 149$ ! Ne manquez pas le prix courant à 65$ ! L'indicateur de prévision de tendance est un outil très unique et simple qui est capable de prédire les mouvements futurs des prix en fonction des signaux générés par MACD. Cela vous aide à avoir une estimation des domaines dans
EasyTrade Indicator
Gabor Bocsak
5 (5)
Indicateurs
ALERTE D'ACHAT ET DE VENTE MULTIDEVISES et MULTITIMEFRAME. AUTO TRAILING STOP ET RÉCOMPENSE DE RISQUE TAKEPROFIT ! L'INDICATEUR SCANNE ET ANALISE LE MARCHÉ POUR QUE VOUS N'AVEZ RIEN À FAIRE ! NÉGOCIEZ TOUTES VOS DEVISES SUR UN GRAPHIQUE !   Après l'achat veuillez laisser un commentaire, contactez-moi et je vous enverrai l'assistant commercial EA. L'indicateur utilise plusieurs oscillateurs et filtres associés pour trouver les meilleurs points d'entrée CONFIRMÉS afin que vous n'ayez pas à
Pair Trading Station MT4
Young Ho Seo
5 (1)
Indicateurs
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
PRO Renko System
Oleg Rodin
5 (24)
Indicateurs
Le système PRO Renko est un système de trading très précis spécialement conçu pour le trading de graphiques RENKO. Il s'agit d'un système universel qui peut être appliqué à divers instruments de négociation. Le système neutralise efficacement ce qu'on appelle le bruit du marché en vous donnant accès à des signaux d'inversion précis. L'indicateur est très facile à utiliser et n'a qu'un seul paramètre responsable de la génération du signal. Vous pouvez facilement adapter l'outil à n'importe q
Support Resistance Propulsion Targets
LEE SAMSON
5 (6)
Indicateurs
Dessine automatiquement les niveaux de support et de résistance PLUS les écarts des bougies de propulsion sur votre graphique, afin que vous puissiez voir où le prix est susceptible de se diriger ensuite et/ou de s'inverser potentiellement. Cet indicateur est conçu pour être utilisé dans le cadre de la méthodologie de trading de position enseignée sur mon site web (The Market Structure Trader) et affiche des informations clés pour le ciblage et les entrées potentielles. L'indicateur comport
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Night Worker MT5
Edgar Elsner
Experts
Night Worker MT5 is a low-risk multi-currency Expert Advisor, particularly suitable for risk-averse users, that does not use risky recovery strategies such as Martingale or Grid. Due to tightly limited stop-loss values, the profit curve naturally does not move upwards like a straight line and without fluctuations. On the other hand, there is also no risk of a deeper draw-down, as inevitably occurs sooner or later with the strategies mentioned above, and those in some cases can lead to a total
Golden Bird MT5
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5 (1)
Experts
Golden Bird MT5 is an indicator-based Scalping Expert for trading XAUUSD (Gold). If the indicator-pattern occurs, two stop orders become placed on the high/low of the pattern-defined zone. The onscreen panel provides a detailed overall view about system and market status. Furthermore, it includes buttons for active Traders to place additional sessions and/or market orders manually at any time as mechanical experts are not able to catch every further promising trading opportunity during the day'
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Edgar Elsner
5 (1)
Experts
Mount Gold EA MT5 is based on combinations of classic indicators that include trend following as well as oversold/overbought strategies for trading the XAUUSD pair and is suitable to trade on Prop firms account. It includes furthermore a powerful flexible configurable recovery mechanism as well as the option to place and close orders manually. For active Traders it makes it even more flexible for trading of further instruments than XAUUSD. All the trade entries and exits are provided by virtual
London Breakout MT5
Edgar Elsner
5 (1)
Experts
London Breakout MT5 is the low-risk and low-priced Breakout Expert that trades morning session breakouts of GBPUSD,  here offered by the original developer.   Watch this video before you intend to buy a Breakout Expert Advisor:  https://www.youtube.com/watch?v=c0UwKrWnoEE&t=2s   Compare current performance with top rated, high priced experts here:  https://www.mql5.com/en/blogs/post/757139 Life signal (shows all current life trades without any delay):  https://www.mql5.com/en/signals/2190019 B
Gain Guard MT4
Edgar Elsner
Utilitaires
Gain Guard MT4 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run
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TradeCopy Master MT5
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Edgar Elsner
4 (1)
Utilitaires
TRADECOPY MASTER MT4 Over the years I developed  TradeCopy MT4/MT5  for that purposes: I'm running several experts on one and/or different terminals and accounts. The trades opened by those experts, usually will not move straight away into profit zone. Very often they use to pullback more or less before ending up in profit (or in loss finally...).   Improvement of profits (and limit losses) by additional controlling of trades that your experts on the TradeCopy Master part have been opened can b
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Golden Tea Time MT5
Edgar Elsner
Experts
Golden Tea Time MT5 is based on a classic, popular breakout strategy and does not use martingale or grid mechanisms. Golden Tea Time MT5 only opens a pair of stop orders every day at leisurely English tea time, after possible market-moving news has already faded away. Once an order becomes a market order, the remaining stop order is deleted. However, the risk of a losing trade cannot be ruled out and is then limited to just $5/0.01 lot. In this case, the following day's trading can be assigned
Gain Guard MT5
Edgar Elsner
Utilitaires
Gain Guard MT5 secures the profits of all or selected trades on one terminal or on several terminals with the same account number. The selection can be configured according to Magic numbers and/or symbols, so that the Magic numbers and/or symbols that are not selected remain unconsidered. What is it useful for? For example, when several experts trade on one terminal and manual trading also takes place. Experts have different strategies and SL/TP. In particular, some experts let the trades run
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Traders Swiss Knife MT4
Edgar Elsner
Utilitaires
Easy Open and manage your orders and positions – Calculate risk and lot size – Build your expert adviser from the integrated indicators – Trail your profits in various ways Key Features: Virtual Trading Lines: free changeable in any direction to build resistance, support, channels, triangles,… Order Types: Buy, Sell, Buy Limit, Sell Limit, Buy Stop, Sell Stop, OCO, Bracket Order Virtual Profit Trailing Strategies: Static, Percent, Exponential, Scaling up, Scaling down, Fifo, Bulk, Bollinger Ch
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Edgar Elsner
Utilitaires
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Symmretric Triangle Dashbord MT4
Edgar Elsner
Utilitaires
Symmetric Triangle Dashboard MT4  is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one.   In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get
MA Chameleon MT5
Edgar Elsner
Indicateurs
This indicator was developed by me, based on my experiences during my long term daily trading. It allows to get an excellent and compact overview about the current market situation without to have to monitor multiple charts. The default settings are widely used by traders. For example on sites like forexlive.com:  https://www.forexlive.com/technical-analysis Features: The Moving Average Swiss Knife-like indicator for Daytraders Allows to setup of up to seven different MAs (MA and DEMA) to use on
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4 (1)
Indicateurs
Triangle patterns are chart formations that signal a possible breakout in either direction. In the case of symmetrical triangles, the probability of a breakout to the upside or downside is about 50%. For more detailed information, I recommend the numerous publications on the Internet on this subject. What is special about this indicator is that it can be integrated into your own MT5 applications, such as scripts, Expert Advisers, etc. using the implemented indicator buffer via the iCustom() func
Symmetric Triangle Dashboard
Edgar Elsner
Utilitaires
Symmetric Triangle Dashboard MT5  is a matrix that was designed to monitor any standard and/or custom indicator as well as symmetrc triangle patterns by any symbol-timeframe combination to be alerted if the desired contition is met. Furthermore by simply clicking on the selected signal, the refering chart becomes opened including the assigned indicator template if there was designed one.   In "Custom" mode, user can add any indicator to scan its up to 7 timeframes per symbol to for example, get
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Utilitaires
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TradeCopy Client MT5
Edgar Elsner
Utilitaires
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Rescue Trader MT5
Edgar Elsner
Experts
Rescue Trader MT5 Rescue Trader isn't a Grid or Martingale Expert as each single trade is protected by fixed stoploss. Adding of new trades to existing trades are always entered on indicator pattern entry and not simple on fixed distances like Grid-/Matingale-Systems usually work. For additional protection, its drawdown recovery algorithmus closes particular trades that are profitable while at the same time closes older loosing trades in the way that in total that bulk closes in profit. Howev
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