M and W Patterns
- Индикаторы
- Версия: 3.0
- Активации: 5
MW Pattern Structure Detector is a powerful Market Structure indicator designed to automatically detect and draw M and W reversal patterns on your chart.
It scans swing highs/lows and visually marks all historical patterns, while only alerting you when a fresh new setup appears.
This tool is perfect for traders who use market structure, price action, and reversal trading.
Key Features
📍 Automatic M & W Pattern Detection
- Detects M Pattern (Bearish reversal structure)
- Detects W Pattern (Bullish reversal structure)
Smart Pattern Classification
The indicator classifies patterns into:
- Simple M / Simple W
- Extended M / Extended W
- Short M / Short W
This helps you instantly understand the pattern strength and structure type.
Full Historical Drawing
- Draws ALL past M and W patterns
- Shows pattern legs, swing labels, and entry zones
- Great for strategy testing and learning
Smart Alerts (No Spam)
Alerts are triggered only when the most recent pattern is detected within a user-defined range:
- AlertLookbackBars
This ensures you only get alerts for recent trading opportunities, not old patterns.
Clean Dashboard Display
A lightweight dashboard displays:
- Current timeframe
- Latest detected pattern type
- Suggested entry level
Only the most recent pattern is displayed in the dashboard for clarity.
⏱ Multi-Timeframe Pattern Support
Option to display patterns from higher timeframes:
- H1
- H4
- D1
This is useful for confirming trend reversals from major structure levels.
⚙️ Input Settings
Swing Strength
Defines how many bars are required to confirm a swing high/low.
- Higher value = fewer but stronger patterns
- Lower value = more signals
Alert Lookback Bars
Alerts only trigger if the pattern completes recently.
Dashboard ON/OFF
Enable or disable the dashboard.
Alerts ON/OFF
Enable or disable popup alerts.
Higher Timeframe Patterns
Enable or disable drawing patterns from higher timeframes.
📌 Best Use Cases
This indicator is ideal for:
✅ Reversal traders
✅ Supply & Demand traders
✅ Market Structure traders
✅ Smart Money Concepts (SMC) traders
✅ Break of structure (BOS) and CHoCH traders
How to Trade With It
🔻 M Pattern (Bearish Setup)
- Market makes Higher High
- Retraces to Higher Low
- Forms another top and shows weakness
- Entry zone is shown at the neckline level
🔺 W Pattern (Bullish Setup)
- Market makes Lower Low
- Retraces to Lower High
- Forms another bottom and shows strength
- Entry zone is shown at the neckline level
Recommended Timeframes
Best performance on:
- M15
- M30
- H1
- H4
Higher timeframes produce stronger, more reliable structures.
