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The 123 pattern is one of the most popular, powerful and flexible graphic patterns. The pattern consists of three price points: a bottom,
peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. The pattern is considered valid when the price goes out of bounds
the last peak or valley, at the moment when the indicator builds an arrow, gives a warning, and the trade can be placed.

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• Clear trading signals
• Customizable colors and sizes
• Implements performance statistics
• Customizable Fibonacci Retracement Levels
• Displays the appropriate stop loss and take profit levels
• The indicator can be used to search for continuation or reversal patterns.
• It’s not repaint and not repaint
• It implements email / audio / visual alerts

123 Patterns can be continuation or reversal patterns. To simplify the task, the indicator allows you to
you can choose which type of patterns to look for, which makes it a fantastic tool for trend or reversal traders.

When loading the indicator on any chart, you will be presented with a set of options as input parameters. Don’t despair if you
you think that there are too many of them, because the parameters are grouped into obvious blocks. This is what each parameter block does.

• Amplitude-The amplitude represents the minimum number of bars between alternative price points. To find the big ones
  samples, increase the amplitude parameter. To find smaller samples, reduce the amplitude parameter.
• Minimum Retracement – the minimum Fibonacci retracement required for the pattern. Set it to zero to avoid evaluating it.
• Maximum. Retracement – the maximum possible Fibonacci retracement in the pattern. Set it to zero to avoid evaluating it.
• Pattern Type-The indicator can search for reversal patterns, continuation patterns, or both. Your choice.
• Max History Bars – the number of past bars to evaluate when the indicator is loaded on the chart.
• Show Statistics – Show or hide the statistics panel and performance data.
• Show SL / TP Levels-Show or hide the appropriate SL and TP levels for each signal.
• Drawing options – Colors and sizes for bullish or bearish lines and labels, as well as font sizes.
• Breakouts – Colors and sizes of the breakout arrows.
• Alerts – Enable or disable alerts as desired.

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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