Candle Diamond Pattern
- Indicatori
- Danny Giovanni Romero Lozano
- Versione: 1.20
- Aggiornato: 9 gennaio 2026
- Attivazioni: 5
Complete Guide to the Diamond Candlestick Pattern for MT5
Introduction to the Diamond Candlestick Indicator
The Diamond Candlestick Pattern indicator for MetaTrader 5 is an advanced technical analysis tool designed to identify diamond-shaped consolidation formations, followed by potential directional breakouts. This technical formation represents a period of market indecision that generally precedes significant price movements.
Key Features of the Indicator
1. Automatic Range Detection
The indicator automatically analyzes the price structure to identify:
Dynamic Support Levels: Support lines that adapt to real-time price action
Dynamic Resistance Levels: Resistance lines that reflect current selling pressure
Diamond Pattern Formation: Automatic detection of the characteristic consolidation structure
2. Multifaceted Trading System
Range Trading Strategy
Bounce Trades: Entry into long positions near identified dynamic support
Rejection Trades: Entry into short positions near dynamic resistance
Intra-range Risk Management: Stop Loss and Take Profit optimized for sideways conditions
Double Top/Bottom Strategy
Reversal Pattern Detection: Automatic identification of double top and double bottom formations
Breakout Confirmation: Confirmation signals for trend-following trades
Target Projection: Automatic calculation of targets Price based on pattern height
Configurable parameters
