TheStrat Patterns

As price evolves, TheStrat offers 18 distinct price action patterns that can help you get good entries in the market. Each pattern involves two or three candles, and this indicator will draw a bounding box around the candles and name the pattern.

The indicator also shows when a potential setup is forming, known by stratters as an Actionable signal.

Candles

Patterns

This indicator supports and displays the following patterns, see the comments section for a visual description :

ACTIONABLE

• 1-2-1 - Potential reversal into a 1-2-2
• 2-1-1 - Potential reversal or continuation into a 2-1-2
• 3-1-1 - Potential reversal into a 3-1-2
• 3-2-1 - Potential reversal into a 3-2-2

IN-FORCE

• 2-1-2u Continuation
• 2-1-2d Continuation
• 2-1-2u Reversal
• 2-1-2d Reversal
• 3-1-2u Reversal
• 3-1-2d Reversal
• 3-2-2u Reversal
• 3-2-2d Reversal
• 1-2-2d Reversal
• 1-2-2d Reversal
• 1-3u Reversal
• 1-3d Reversal
• 2-2u Reversal
• 2-2d Reversal
• 2-2u Continuation
• 2-2d Continuation
• 1-2u Breakout
• 1-2d Breakout

SETTINGS

Settings are available to allow you to customise the display to suit your own preferences.

We have published a document that describes the configuration settings here: https://www.mql5.com/en/blogs/post/746389

Please take the time to download the Demo and try it out.