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The indicator looks for Technical figures of Arthur Merrill on the chart. In order to clarify how and for what data we are going to apply Merrill
patterns, we need to understand what they actually are. The main two categories are the patterns resembling the letters M and W. They are
called M and W patterns. Each of the categories contains 16 patterns.
Read more about them in my article – Merrill Patterns.
- Font Size — The font size that displays the pattern on the chart.
- Label Color — The color of the text label displaying the pattern.
- Search Depth — How many bars deep in history search for patterns.
- PZ Super Trend MT5 Max History Bars - The amount of previous bars...
- Color Candles Identify the Major Trend these indicator consists of two parts.Part I: colour Candles shows...
- Visual Book on Chart The indicator shows a supply and demand histogram of the...
- AW Turtles Indicator MT5 The indicator works according to the Turtle system and classically...
- Volatility Index Indicator This indicator uses historical volatility and a 21-period moving average...
- AIS Correct Averages MT5 The main signal is the intersection of the AE and...