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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Göstergeler
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KEENBASE SOFTWARE SOLUTIONS
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5 (3)
Göstergeler
IQ FX Gann Levels a precision trading indicator based on W.D. Gann’s square root methods . It plots real-time, non-repainting support and resistance levels to help traders confidently spot intraday and scalping opportunities with high accuracy. 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 mathematics which proved to be extremely accurate. We don't offer free or bonus indic
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Shengzu Zhong
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Göstergeler
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Market Open Hours Indicator
Kok Jye Yen
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I have been trading for some time now and always find it a difficulty remembering the timing of the various market opening hours at the other part of the world (especially, when it comes to daylight saving), but could not find any decent indicator online that could help. And it is for this reason that gives birth to this indicator, which I have spent much time, effort and thinking. As many already know that opening of a certain marketplace, depending on which currency pair, has an impact on the
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PZ TRADING SLU
5 (2)
Göstergeler
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Göstergeler
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Göstergeler
Friends, we present to your attention our new Forex Gump Laser indicator. Since there are no designers in our team, but mainly mathematicians, financiers, programmers and traders, we did not make any special changes in the indicator design. In appearance, it resembles the usual Forex Gump. On the other hand, Forex Gump has become not just the name of an indicator, it is a brand. And we try to preserve the corporate identity in all its varieties. The whole essence of the indicator in its operatio
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Premier Global Holdings
Göstergeler
The elite (V3) multi-indicator suite from JoaquinTrading specifically geared towards Forex & binary options, including regulated exchanges such Nadex, Cantor Exchange, and other binary option brokers. The Probability Tool Suite Elite will provide the given win/loss outcome probabilities of up to 10 strike levels, a specific expiration duration, based on a combination of up to 16 indicators, rules, or conditions and derivative behavior (i.e. expiry, touch, touch & retrace).  Using this indicato
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Göstergeler
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Ramzi Abuwarda
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Richard Yancy
Göstergeler
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Richard Yancy
Göstergeler
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
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Richard Yancy
Göstergeler
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
Göstergeler
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
YFX Symbol Watermark
Richard Yancy
Göstergeler
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
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Richard Yancy
Göstergeler
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Richard Yancy
Göstergeler
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Richard Yancy
Göstergeler
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Richard Yancy
Göstergeler
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
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Richard Yancy
Göstergeler
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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