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Candlestick Scanner pro

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Candle Scanner Pro is a multi-currency, multi-time frame indicator that can scan data while working on a single chart.

  • Tracks up to 30 currencies and all timeframes from 1 minute to 1 month from a single chart.
  • Issues alerts on the screen, via email, and push notifications to your smartphone.
  • 4 filters (MA, MACD, RSI and PSAR) for filtering candle patterns in an uptrend or downtrend.
  • Bullish Pin Bar-Bullish Pin Bar
  • Bearish Pin Bar – Bearish Pin Bar
  • Bullish Engulfing-Bullish Takeover
  • Bearish Engulfing – Bearish Engulfing
  • Hammers-Hammer
  • Piercing-A gap in the clouds
  • Dark Cloud – Dark Clouds
  • Shooting Star – Shooting Star
  • Evening Doji – Evening Doji
  • Morning Doji – Morning Doji
  • Bullish Outside Bar – Bullish Outside Bar
  • Bearish Outside Bar – Bearish outside Bar
  • Inside Bar – Inside bar

We have selected only the strongest Japanese candlestick patterns that can be trusted.

We also included the ability to filter out candlestick patterns using modern Moving Average, MACD, RSI, and PSAR indicators.

 

[spoiler title=”Read More…”]

 

I’ve been trading on it for several years now. I have always wanted to find a system that can inform me about the formed pin bar on any chart and on any timeframe. This way I don’t have to constantly monitor the price movement on the chart throughout the day, and I can easily track 30 currencies on all timeframes simultaneously on a single chart.

Configurable parameters:

  • Currency-specify the currency pairs supported by your broker that you want to track (for example: EURUSD, AUSUSD, USDCAD). You can specify any number of characters.
  • TimeFrame — timeframes to be tracked (for example: M5, M15, M30, H1, H4, D1, W1, M1). For best results, use only the higher timeframes.
  • Bars Back — if equal to 1, the indicator will check the candlestick pattern on the last closed bar. If you need to trace the bar patterns back, specify 3. A value of 0 is not recommended, since in this case the pattern will be shown on the current bar, and it may change after the bar closes, so the results will be inaccurate.
  • Alert settings-set the alert to true/false. Specify true for the required notification parameters. For example, if you want to be notified only about the pin bar andTo the shooting star, set the value true for these models and false for the rest.
  • Onscreen display — if set to false, the short codes on the screen will be hidden.

As you know, we have selected only strong candlestick patterns, and they are classified as shown below:

  • Bullish Patterns: Bullish Pin Bar, Bullish Absorption, Cloud Clearance, Hammer, Bullish Outer Bar
  • Bearish Patterns: Bearish Pin Bar, Bearish Absorption, Dark Clouds, Shooting Star, Bearish Outer Bar
  • Neutral Models: Evening Doji, Morning Doji, Indoor Bar

Also added are advanced options for filtering patterns for advanced traders. We give a detailed description of each filter. You can combine or use a single filter.

  • Filter by moving average. Let’s say you want to filter models by a moving average, for example, you need to show bullish patterns only if they are above a certain moving average. Now, suppose you use a simple moving average of 14, the filter will only show those bullish patterns that form above the moving average of MA 14, and those bearish patterns that form below MA 14. If a bullish pattern, such as a Bullish Pin Bar, is formed below a simple moving average, then the pattern is not considered valid, since it was filtered out using the moving average.
  • The MACD filter. When the MACD is below the zero line, it is considered that the trend is downward, above zero – upward. When the filter is enabled (true), bullish patterns below zero will be filtered out. That is, the indicator will only show bullish patterns above zero.
  • The RSI filter. When the RSI is above 50, it is an uptrend, and below 50, it is a downtrend. That is, the indicator will only show bullish patterns that are formed when the RSI is above 50, and bearish when the RSI is below 50. Thus, you only trade bullish patterns when there is an uptrend. You can use any other value instead of 50.

Filter by moving average. Let’s say you want to filter models by a moving average, for example, you need to show bullish patterns only if they are above a certain moving average. Now, suppose you use a simple moving average of 14, the filter will only show those bullish patterns that form above the moving average of MA 14, and those bearish patterns that form below MA 14. If a bullish pattern, such as a Bullish Pin Bar, is formed below a simple moving average, then the pattern is not considered valid, since it was filtered out using the moving average.

The MACD filter. When the MACD is below the zero line, it is considered that the trend is downward, above zero – upward. When the filter is enabled (true), bullish patterns below zero will be filtered out. That is, the indicator will only show bullish patterns above zero.

The RSI filter. When the RSI is above 50, it is an uptrend, and below 50, it is a downtrend. That is, the indicator will only show bullish patterns that are formed when the RSI is above 50, and bearish when the RSI is below 50. Thus, you only trade bullish patterns when there is an uptrend. You can use any other value instead of 50.

You can use all the filters together, or, for example, show only those pin bars that form above the EMA 14 when the MACD is above 0. So you can double-filter the patterns for trading by trend. Most importantly, you no longer need to constantly monitor the schedule. Simply configure the settings and receive notifications via email or mobile.

Use in conjunction with the product https://www.mql5.com/ru/market/product/13156 and become a real trader, trading on the price action.

 

[/spoiler]

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