This multi time frame and multi symbol indicator identifies fractals patterns. As a bonus it can also scan for Parabolic SAR (pSAR) trend changes.
The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading. You can find more information about the content and location of the text file in the blog.
- 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 or trend change has been identified.
- Can use RSI and/or moving average as trend filters 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.
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. An arrow showing the fractals 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.
This indicator has been created for finding the probable reversal points of the symbol price. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. The indicator is not redrawn! If the extremum filter is disabled, the indicator shows all points that have a pattern. If the extremum filter is enabled, the condition works – if the history Previous bars 1 candles back contains higher candles and they are farther than the Previous bars 2 candle, such
Benefits Adaptability; No input parameters; Predictive models are included in the algorithm; Works on all markets and instruments. Operation Principle The indicator is trend following. First, the indicator analyzes instrument's historical data over sliding windows, calculates values of main variables, determines coefficient. Further, it analyses current market situation and confirms previous trend, or gives out a signal of the trend reversal. Scaling coefficients allow to switch to any available
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
Reversal Hunter is a new leading oscillator. It monitors small changes in volume and price volatility using second derivative, thus providing an accurate prediction of trend reversals. Though Reversal Hunter shows its best results with reliable volume data, special option of "synthetic" volume (which uses OHLC data only) is implemented to optimize performance in case of poor or missing volume data. The oscillator is drawn as two-color line for easy detection of trend changes. Description of inpu
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