YFX Wing Patterns

The Wing Patterns indicator scans for many different kinds of Patterns using an XABCD structure. The term Wing Pattern is used to refer to all types of patterns based on a general XABCD structure, which is plotted in an alternate high-low extreme form.

In other words, assume that point X is started at a low point on the chart. The point A is plotted at the next highest point within a certain number of bars. This certain number of bars is called the depth level. In this example, point B would be plotted at the next lowest point for a particular depth. Following the flow, point C is at next high and point D is at the next low. If you connect these points on a chart, it usually looks like the wings of a butterfly, thus the name Wing Pattern.

These patterns fit very well with the Harmonic patterns. There are many patterns that can be displayed in this indicator. Predefined patterns include the following:

  • Gartley.
  • Pattern 5-0.
  • AB=CD.
  • Bat.
  • Butterfly.
  • Crab.
  • Cypher.
  • Deep Crab.
  • Shark.
  • Three Drives.
  • Wolf Wave.

Other patterns that can be searched are stored in an external file. Users can also define their own patterns by adding lines of data to the external file. Note that patterns can be changed or removed from the external file.

A user control panel is shown on the chart that allows users to control the display of identified patterns. Users can turn on/off the desired patterns. All control panel parameters can be set by the users.


Parameters

The Wing Patterns indicator has many configurable parameters. This allows for all aspects of the indicator to be changed for the user’s preferences. By default, the indicator is designed to work without any configuration required. The parameters are divided into the following categories:

  • Yancy Indicator Parameters - Control the overall functionality of the indicator.
  • Wing Pattern Basic Parameters - Control how the indicator is calculated and used.
  • Factor Parameters - Set global constant values used throughout the Wing Patterns indicator.
  • Search Pattern Parameters - Control which patterns are analyzed and search during pattern analysis.
  • Custom Pattern Parameters - Control how user-defined patterns are treated.
  • Wolfe Wave Parameters - Configure how the Wolfe Wave patterns are managed in the indicator.
  • Fibonacci Parameters - Configure how Fibonacci retracements are managed.
  • Size Parameters - Configure the size of lines used to draw patterns on the chart.
  • Font Parameters - Manage the fonts used in the indicator.
  • Color Parameters - Colors can be strongly preferred by users. The Wing Patterns indicator allows all colors to be changed according to each user’s preference. The specific colors do not change the underlying calculations of the indicator.
  • Button Parameters - configure how control panel GUI objects are managed in the indicator.
  • Display Parameters - Control how wing patterns are displayed on the chart.
  • Signals Parameters - Manage how trade signals are treated by the indicator.
  • Message Parameters - Determine how the indicator notifications are conveyed to the user. There are several options and the user can select which ones to use at any time. Multiple options can be enabled simultaneously.
  • Quiet Time Parameters - Control when notification messages are conveyed to the user. Parameters in this section specify a time period when all notifications are disable. Settings in this section override the message parameters and alert parameters. No notification will be sent during quiet time.
  • Message Info Parameters - Configure if internal statistics are maintained by the indicator. The information is generally not needed by the user. Thus, it is recommended to leave the options disabled.
  • Debug Parameters - Debugging can be configured with the parameters in this section. Debugging would cause a great number of messages to be generated if enabled. It is highly recommended to leave debug disabled.

It should be noted that the user does not have to change any parameters for the indicator to work. All parameters have default values that have the lowest impact on the indicator and user. The Wing Patterns indicator is designed to work perfectly by just placing it on a chart.

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Questo indicatore è un indicatore per l'analisi automatica delle onde perfetto per il trading pratico! Caso... Nota:   non sono abituato a usare nomi occidentali per la classificazione delle onde a causa dell'influenza della convenzione di denominazione di Tang Lun (Tang Zhong Shuo Zen), ho chiamato l'onda base come   penna   e la banda dell'onda secondaria come   segmento   At allo stesso tempo, il segmento ha la direzione del trend. La denominazione   è principalmente segmento di trend   (que
System Trend Pro
Aleksandr Makarov
5 (2)
System Trend Pro - This is the best trend trading indicator!!! The indicator no repaint!!!  The indicator has   MTF   mode, which adds confidence to trading on the trend (   no repaint   ). How to trade? Everything is very simple, we wait for the first signal (big arrow), then wait for the second signal (small arrow) and enter the market in the direction of the arrow. (See screens 1 and 2.) Exit on the opposite signal or take 20-30 pips, close half of it, and keep the rest until the opposite
L'indicatore " Dynamic Scalper System " è progettato per il metodo di scalping, ovvero per il trading all'interno di onde di trend. Testato sulle principali coppie di valute e sull'oro, è compatibile con altri strumenti di trading. Fornisce segnali per l'apertura di posizioni a breve termine lungo il trend, con ulteriore supporto al movimento dei prezzi. Il principio dell'indicatore. Le frecce grandi determinano la direzione del trend. Un algoritmo per generare segnali per lo scalping sotto fo
CyberZingFx Volume Plus
Afsal Meerankutty
4.94 (17)
Advanced version of CyberZingFx Volume Plus, the ultimate MT4 indicator for traders seeking highly accurate buy and sell signals. With an additional strategy and price action dot signals that enhances its effectiveness, this indicator offers a superior trading experience for professionals and beginners alike. The CyberZingFx Volume Plus Advanced version combines the power of volume analysis and historical price data with an additional strategy, resulting in even more precise and reliable signals
Presenting one-of-a-kind Gann Indicator for XAUUSD IQ Gold Gann Levels is a non-repainting, precision tool designed exclusively for XAUUSD/Gold intraday trading. It uses W.D. Gann’s square root method to plot real-time support and resistance levels, helping traders spot high-probability entries with confidence and clarity. William Delbert Gann (W.D. Gann) was an exceptional market analyst whose trading technique was based on a complex blend of mathematics, geometry, astrology, and ancient calcul
Candle Power Pro
Thushara Dissanayake
4.5 (8)
IL       Candle Power Pro       è uno strumento di trading sofisticato progettato per decodificare       pressione del volume reale, squilibri dei dati tick e dinamiche del flusso degli ordini istituzionali       misurando il       battaglia tra zecche tori e zecche orsi       in tempo reale. Questo indicatore trasforma i dati grezzi       dati di volume in informazioni fruibili   , aiutando i trader a identificare       Movimenti di denaro intelligente, caccia alla liquidità e psicologia nasco
GM Arrows Pro
Guillaume Pierre Philippe Mesplont
Product Name: GM Arrows Pro – Signals & Alerts Short Description: GM Arrows Pro is a clean, reliable MT4 indicator showing BUY/SELL arrows on the chart with unique alerts at the moment the signal appears. Full Description: GM Arrows Pro is a professional MT4 indicator designed for traders who want clear, actionable signals: BUY and SELL arrows visible on the entire chart history Unique alerts when a new signal appears (no repeated alerts) Option to disable repetitive signals ( disable_repeatin
Looking for a powerful yet lightweight swing detector that accurately identifies market structure turning points? Want clear, reliable buy and sell signals that work across any timeframe and any instrument? Buy Sell Arrow MT Swing is built exactly for that — precision swing detection made simple and effective. This indicator identifies Higher Highs (HH) , Higher Lows (HL) , Lower Highs (LH) , and Lower Lows (LL) with remarkable clarity. It is designed to help traders easily visualize market stru
Precautions for subscribing to indicator This indicator only supports the computer version of MT4 Does not support MT5, mobile phones, tablets The indicator only shows the day's entry arrow The previous history arrow will not be displayed (Live broadcast is for demonstration) The indicator is a trading aid Is not a EA automatic trading No copy trading function The indicator only indicates the entry position No exit (target profit)  The entry stop loss point is set at 30-50 PIPS Or the front hi
Altri dall’autore
Overview This is a very simple indicator that displays the relative strength values of the currencies on te current chart and timeframe. The strength is only calculated for the currencies: AUD - Australian Dollar CAD - Canadian Dollar CHF - Swiss Franc EUR - European Union Euro GBP - Great Britain Pound JPY - Japanese Yen NZD - New Zealand Dollar USD - United States Dollar These are considered the major currencies in the world. There are 28  distinct combinations of major currency pairs. Other c
The YFX Symbol Data indicator is used to display all the information about the current chart symbol. The indicator makes it easy to examine much more information than just the bid/ask price. Information is categorized as follows: Basic Information - The most generic information about a symbol. It includes the symbol name, bid/ask prices, and spread data. It also includes the low price and high price reached during the current period. Timeframe Information - More details about the current timefra
The Advanced EMA indicator implements an exponential moving average with many additional features. First, EMA is color-coded to indicate distance between the price and EMA. This Advanced EMA has many features and configurations that set it far above standard EMA indicators used most platforms. There are 3 types of indications in the indicator. The EMA is color-coded. Secondly, cross points of price and EMA are marked. Thirdly, BUY/SELL signals are shown.‌ Color-coding the EMA allows you to easil
YFX Zones
Richard Yancy
The Zones indicator provides a visual display of the boundaries around a price action. There are two types of zones included in the indicator: High-Low price zones Time period zones (delineations) High-Low price zones display the boundaries of the High and Low price points. Typically, these zones are displayed for the High and Low price of the day. Time period zones display boundaries around time period intervals. PARAMETERS Yancy indicator IndicatorName – indicator name displayed in the chart
The YFX Symbol Watermark indicator is used to display a watermark on your chart, which makes it easy to see at a glance the symbol information for any chart. The displayed information includes: Symbol Name and Timeframe on the chart Description of the currencies Tag line, which can contain any user-defined information All the information can be displayed on the chart so that it can be easily read. The indicator also has parameters that can be set to customize which information is displayed. Para
The YFX Symbol Selector indicator is used to easily change the chart symbol and period with a click of a button. This is done by using a selector GUI object that can be placed on any corner of the chart. The GUI selector contains the following information: Descriptive header for GUI selector panel Symbol information and controls for changing the chart symbol Period information and controls for changing the chart period Footer containing the current bid/ask quote for the currently selected symbol
The Candle Patterns indicator provides a visual display of candlestick patterns. There are more than 100 patterns that can be displayed. The indicator allows for candles on the chart to be grouped and considered as one candle. This allows the price action within a candle to be observed in the context of a candlestick pattern. The number of bars per candle can be set in the parameters. All patterns can be filtered so that only patterns with certain attributes are displayed. The prior trend is tak
This indicator contains a custom version of the classic Turtle Trader indicator. It implements both the main system ( S1 ) and fail-safe system ( S2 ) as described by the original Turtles. Notifications can also be enabled for trade signals. The main rule of the indicator is to generate a signal when a T -period breakout occurs. A stop signal is then generated when an S -period high or low is breached. The T -period value is the number of periods used to evaluate a trend. S -period values are th
The Advanced Bands indicator is a custom indicator based on the classic Bollinger Bands as created by John Bollinger. Generally, Bollinger Bands are created by adding/subtracting a number of standard deviations from the price. Advanced Bands also creates bands the same way and adds more features to be more useful for traders.   FEATURES Three levels of bands (inside, outside, extreme) and a moving average can be plotted. Area between bands can be filled and highlighted. Number of deviations for
The Advanced Bands Squeeze indicator is a custom indicator based on the classic Bollinger Bands as created by John Bollinger. The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. This low volatility level is called a “Squeeze”.  According to John Bollinger, periods of low volatility are often followed by periods of high volatility, where prices tend to move a lot in either direction. Therefore, a volatility contraction or narrowing of the bands
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