This indicator scans to get Pin bars, Morning/evening stars, Engulfings, Tweezers, Three line strikes, Inside bars and Pennants and Triangles.
The indicator may write the signals to a document which may be used by an Expert Advisor for auto trading. For example this product.
- Can monitor all symbols visible in your Market view window at the same time. employ the indicator to just one chart and immediately monitor the whole market.
- Monitors every interval, from M1 to MN, and sends you a real-time alert once a pattern is identified.
- Can use RSI or Bollinger bands as filter for pin bar, morning/evening star and engulfing formations in order to properly identify potential reversals.
- Can use moving average as a major trend filter.
- 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.
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The description and explanation of the input parameters can be found here.
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.
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.
Please also check out my other candle patterns products:
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