ETE Detector Head Shoulders Indicator

ETE Detector – Head & Shoulders Indicator

Turn your charts into clear and actionable trading opportunities!

🚀 About the Indicator

The ETE Detector automatically identifies Head & Shoulders (H&S) and Inverse Head & Shoulders (IH&S) patterns — classic trend reversal formations.
No more spending hours searching manually: your analysis becomes fast, accurate, and visual.

💡 What You Get

  • Automatic detection of trend reversal patterns

  • Colored arrows: green 🔺 for buys (Inverse H&S), red 🔻 for sells (H&S)

  • Neckline automatically drawn to highlight breakout zones

  • “●” labels for shoulders and head, clearly visualizing the formation

  • Explanatory text directly on the chart: "H&S – Sell" or "Inverse H&S – Buy"

🎯 Benefits for Traders

  • Save time: no more manual pattern hunting

  • Make better decisions: spot reversals before others

  • Clear visualization: instantly recognize complete patterns

  • Works on any market and timeframe

  • Easily customizable settings for your trading style

⚙️ Customizable Inputs

Parameter Description Default Value
LookBack Number of candles to analyze 300
MinDistance Minimum distance between shoulder and head 5
Tolerance Symmetry tolerance between shoulders (%) 2%
BuyColor Color for Inverse H&S (Buy) Green
SellColor Color for H&S (Sell) Red

📈 How to Use

  1. Add the indicator to your MT5 chart

  2. Observe the arrows, labels, and necklines

  3. Analyze breakout zones to identify buy or sell opportunities

  4. Optionally combine with a trend indicator to filter false signals

✨ Why Choose ETE Detector

  • Ultra-fast and reliable detection

  • Intuitive and professional visualization

  • Perfect for all traders: beginners or experienced

  • Optimize your performance by spotting reversals ahead of others

📞 Support & Contact

  • Author: KOUAME N’DA LEMISSA

  • Email: [your email here]

  • Compatible with MT5 only


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The Smooth Price technical indicator is used for plotting a smoothed line as close to the price of the financial instrument as possible, and serves to eliminate its noise components. The indicator is part of the Monarch trading system, but here it is presented as an independent technical analysis tool. The indicator is based on the cluster digital filter , which, unlike the ClusterSMA , is applied directly to the price time series. Smooth Price does not redraw (except the very last, zero bar) an
The Expert Advisor and the video are attached in the Discussion tab . The robot applies only one order and strictly follows the signals to evaluate the indicator efficiency. Pan PrizMA CD Phase is an option based on the Pan PrizMA indicator. Details (in Russian). Averaging by a quadric-quartic polynomial increases the smoothness of lines, adds momentum and rhythm. Extrapolation by the sinusoid function near a constant allows adjusting the delay or lead of signals. The value of the phase - wave s
Классификатор силы тренда. Показания на истории не меняет. Изменяется классификация только незакрытого бара. По идее подобен полной системе ASCTrend, сигнальный модуль которой, точнее его аппроксимация в несколько "урезанном" виде, есть в свободном доступе, а также в терминале как сигнальный индикатор SilverTrend . Точной копией системы ASCTrend не является. Работает на всех инструментах и всех временных диапазонах. Индикатор использует несколько некоррелируемых между собой алгоритмов для класси
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