Diamond Pattern Scanner MT5

Diamond Pattern is based on Read The Market(RTM) concepts. The purpose of this model is to face the big players of the market (financial institutions and banks), As you know in financial markets, big traders try to fool small traders, but RTM prevent traders from getting trapped. This style is formed in terms of price candles and presented according to market supply and demand areas and no price oscillator is used in it. RTM concepts are very suitable for all kinds of investments, including long-term, medium-term, short-term and scalping.

Diamond Pattern is one of the most important pattern in RTM concepts, when pattern forms, It is a strong signal for a reversal of the current trend with high win rate. This pattern occurs when a strong up or down trending price shows a sideways movement over a long time that forms a diamond shape.

Main Features:

• Detect the best and most common successful reversal trend :   Diamond Pattern, Inverse Diamond Pattern
  
• Easy-to-use and user-friendly indicator
• NO repaint
  
• Scan All charts button ( Forex, Crypto, Indices and commodities )
• Select and deselect time frames button for scan (M1,M5,M15,M30,H1,H4,D1,W1,MN)
• It displays and pushes notification stop-loss, take profits and entry-point levels
• Candlestick check for the best entry point
• Use Fibonacci levels
• Sending the alert and push notification
• method Engulfing/breakout -  Engulfing on the edge of pattern / Breakout neck of pattern
• Alert enable/disable base on your setting time
• Adjust the pattern setting

Input Parameters :

=========Scanner============

• Scan All Charts – Enable
• Scan the number of candles – Amount of history bars to evaluate
• Re-scan Timer – Re-scan all charts in all time frames after passing time
• mode = Engulfing/breakout -  Engulfing on the edge of pattern / Breakout neck of pattern