this ffx patterns Alerter index gives trading hints for entering the marketplace, for TP 1, TP 2 and SL degrees based on some of the chosen patterns (pinbar, Engulfing, insidebar, outsidebar)
The following options are offered:
- To work with multiple pairs, you can run multiple instances of the indicator on the exact same chart.
- entrance recommendations – the number of pips that will be added following the breakout to enter the market
- 3 distinct options for calculating SL-by pips, with all the ATR multiplier or even using the High/Low version
- 3 different options for calculating two TP – pips, using the ATR multiplier or the Risk ratio/Profit
- Offset the dashboard – any place on the chart.
- Recommendations are removed when the price reaches the SL level
- The extension lines are drawn away from the current candle
- All colors can be changed-background, Text, Buy/Sell, Input, TP/SL
- The indicator informs the user about finding the necessary trading situation by means of an audio, pop-up or push notification, or by email
Once the recommendation is received, you can check it using your own chart analysis. The best trading situations tend to occur near important support/resistance levels, round numbers, supply and demand zones, etc.
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I wish you successful trading. Thank you for your trust. FerruFx
- Pattern Mode: the pattern that you want to monitor;
- PinBar Pips Minimum Size: the minimum size of the pin bar;
- insidebar Minimum Size Pips: minimum size of the inner bar;
- Entry Break Plus Pips: the number of pips from the pattern for the input signal;
- Use SL Pips: stop loss by number of pips;
- SL Pips: number of pips for the stop loss level;
- Use ATR SL: the stop loss based on ATR;
- SL ATR Multiplier: coefficient for the ATR value;
- SL ATR Period: ATR period;
- Use HighLow SL: the stop loss based on price high/low;
- SL HighLow Plus Pips: the number of pips that will be added to the maximum and minimum for the stop loss level;
- Use TP Pips: take profit by the number of pips;
- TP 1 Pips: number of pips for take profit #1;
- TP 2 Pips: number of pips for take profit #2;
- Use TP ATR: take profit on ATR;
- TP 1 ATR Multiplier: coefficient for the ATR value;
- TP ATR Multiplier 2: the coefficient for the value of ATR;
- TP ATR Period: ATR period;
- Use TP Reward: take profit by reward ratio
- TP 1 Reward: ratio of TP reward to SL risk;
- TP 2 Reward: ratio of TP reward to SL risk;
- Dashboard X shift: the X-axis value for the position of the dashboard on the chart;
- Dashboard Y shift: the Y-axis value for the position of the dashboard on the chart;
- Lines Extension: the number of bars after the current one to continue the lines;
- Delete Suggestion at SL: allow deleting recommendations when the SL level is reached;
- BUY/SELL Color: the color to use for buying/selling;
- Background Color: the background color of the panel;
- Corners Color: color of the panel corners;
- Text Color: the text color;
- Entry Color: the color signal to the input;
- TP Color: color of the take profit lines;
- SL Color: color of the stop loss line;
- Sound Alert: turn on sound notification;
- Sound File: Select an audio file for the alert;
- Popup Alert: Notification in the popup window;
- Email Alert: Email notification;
- Push Alert: Sends a push notification.
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