• 概述
  • 评论 (6)
  • 评论 (50)
  • 新特性

Candle patterns scanner with RSI filter

This indicator scans for Pin bars, Morning/Evening stars, Engulfings, Tweezers, Inside bars and Pennants and Triangles.

Features

  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a pattern is identified.
  • Can use RSI as a trend filter for pin bar, morning/evening star and engulfing formations in order to properly identify potential reversals.
  • The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.

It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.

The Pennant and Triangles scanner identifies high-probability breakout patterns. It does this by identifying strong, symmetrical Pennants and Triangles. This pattern DOES NOT appear very often on higher timeframes. But when it does, it is a very high-probability setup. Please see screenshots here: https://www.mql5.com/en/market/product/23290.


Please note that due to the multifunctionality neither buy and sell advice nor lines and arrows will be drawn on the chart.

I recommend you to put the indicator on EURUSD M5 chart. A clean chart without any other indicators, Expert Advisors etc. on it is preferable.


Parameters

Parameters marked with an asterisk (*) in the beginning are explained more in detail in the following blog: https://www.mql5.com/en/blogs/post/717561

  • * Amount of signals to show in the panel
  • * Template name
  • Scan for bullish and/or bearish: This is a drop down menu where you can select if to scan for only bearish or bullish pin bar, engulfing, tweezer and star formations.
  • Trend filter to use: Drop down menu where you can select the desired trend filter.
  • Enable pin bar scanning: 'true' or 'false'.
  • * Minimum candle height in points
  • * Minimum candle body size % (0 = any body size)
  • * Minimum percent for tail
  • * Only strict pin bars
  • Use candle midpoint logic (0=disabled): See screenshot below.
  • Average body-size period (0 = any size)
  • Use trend filter: 'true' or 'false'. Enabled ('true') will give fewer signals but higher quality.
  • Enable tweezer scanning: 'true' or 'false'.
  • Enable engulfing scanning: 'true' or 'false'.
  • Engulfing pattern to scan for: In this list you can select from 3 different engulfing patterns (only 1 can be selected):
    • Range candle B engulfs range candle A.
    • Body candle B engulfs range candle A.
    • Body candle B engulf body candle A.
  • Min. candle body size % (0 = any body size): A higher percentage (larger body) will give higher quality signals.
  • Min. candle size in points (0 = any size): Only candles (second candle) larger or equal than this size will give an alert. Default is 0.
  • Max. engulfing candle size in points (0 = any size): Only candles (second candle) smaller or equal than this size will give an alert. Default is 0.
  • Use trend filter: 'true' or 'false'. Enabled ('true') will get fewer signals but higher quality.
  • * Trend filter candle shift
  • Enable morning/evening star scanning: 'true' or 'false'.
  • Use trend filter: 'true' or 'false'.
  • Enable inside bars scanning: 'true' or 'false'.
  • Minimum amount of inside bars: Default is 3.
  • Maximum amount of inside bars: Default is 20.
  • Enable pennants and triangles scanning: 'true' or 'false'.
  • RSI overbought and oversold levels: The candle must form above/below these levels in order to give an alert.
  • Bollinger shift
  • Bollinger deviation
  • Trend period
  • Apply to price
  • Symbols to scan: Here you will put all symbols you would like to monitor. Every symbol must be put in the exact way as it is visible in the Market Watch window and separated with a comma. If you put a symbol not visible in the Market Watch window, that symbol will not be scanned.
  • Use symbols from Market Watch window instead: With this option set to True all visible symbols in your Market Watch window will be scanned instead of the symbols above.
  • Time frames: Set to 'true' for each time frame you would like to monitor.
  • Alerts: Set to 'true' for each alert type you would like to receive.
  • Short alert: A shorter version of the alert. The format is: '[Symbol] - [Time frame] - [Bear/bull] - [Formation]'


Giordano
63
Giordano 2018.03.04 15:17 
 

I especially thank Jan that with professionalism and helpfulness has helped me to solve a problem that was not the indicator but of the MT4, but together we have solved everything even if today is Sunday, I recommend to all its services and its products.

Good trading

Ninja Trader
66
Ninja Trader 2018.01.04 12:57 
 

Great job on this indicator. Has many functions, extremely useful tool. Excellent communication with the developer.

Katayoun Mehrabian
583
Katayoun Mehrabian 2017.08.21 23:13 
 

Great Scanner use it every day.

dmposton
710
dmposton 2017.08.11 22:19 
 

Agree with other reviews. This scanner works as the overview states. It is a must when trading manually. Developer is knowledgeable friendly and quick to respond to questions.

Dennis

fabbry72
1338
fabbry72 2017.08.11 01:50 
 

Very good job.

Indicator works perfectly.

Thanks

Fab.

tomasoft
59
tomasoft 2017.07.18 15:50 
 

good pattern scanner with lot of settings

版本 2.1 2019.03.24
- added an option to filter out small pin bars by using the average candle size for the past xx candles
- it is now possible to select to scan all visible symbols from the Market Watch window instead of using the 'Symbols' input
parameter.
- added a smiley in the upper right corner of the chart showing that the indicator is up and running properly
版本 2.0 2018.12.01
- added an option to use candle midpoint logic for pin bars
版本 1.9 2018.11.01
- added possibility to set the panel width. Useful for those with Windows font size set to 125%
- corrected an issue with the sound file for custom sound alerts
- made it possible to enable Tweezer scanning separately from Engulfing
- added Bollinger filter option which can be used instead of the RSI filter
版本 1.8 2018.04.17
- added scanning for morning/evening star candle formations
- added support for testing in the Strategy tester
- added possibility to set a custom sound file for alerts
版本 1.7 2018.04.05
- added time of alert to the panel
- added possibility to use a custom chart template when opening a chart from the panel
版本 1.6 2018.02.08
- added the close price to the alert text for pin bar and engulfing signals
版本 1.5 2018.01.12
- added panel for storing signals
- added possibility to set short text version for alerts
版本 1.4 2017.11.10
- added scanning for tweezer pattern
版本 1.3 2017.08.10
- added possibility to set RSI (candle) shift in the Engulfing scanner
版本 1.2 2017.07.03
- changed setting of minimum candle body size from points to percentage
- added filter for scanning bullish and/or bearish engulfing and pinbar
版本 1.1 2017.06.23
Changes in the engulfing part of the scanner:
- 1 minor bug fix
- It is now possible to set the minimum body size in percent for the engulfing candle
- The alert will now give information about which type of pattern you have selected. Please see screenshot.