Synthetic Reverse Bar-the indicator is an evolutionary development of the Reverse Bar indicator.

It is known that candle patterns work best on the higher timeframes (H1, H4), but due to the difference in terminal time for different brokers for the same instrument, candles on the higher timeframes can be formed in different ways, while the history of quotes on M1 and M5 will coincide! Because of this, successful patterns on higher timeframes are often simply not formed!

Synthetic Reverse Bar solves this problem! The indicator works on the M5 or M15 timeframes, but displays synthetic reversal bars on the chart, which can be formed on higher timeframes.

In addition, according to the chart, it becomes possible to visually analyze the contents of the reversal pattern (how the pattern was formed) and make a decision on the basis of it to place a pending order.

The indicator has two operating modes. In the Select Mode settings:

1. Set Time Frame – in this mode, the size of the synthetic reversal bar is set by the higher timeframe.

2. Custom Set Synthetic Bar – in this mode, the size of the synthetic reversal bar is set manually (by the number of bars on the current timeframe).

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• Max Bars – the number of bars calculated on the chart;
• Select Mode-select a mode;
• 1. Set Time Frame-select the higher timeframe. (The value must be strictly greater than the current timeframe!);
• 2. Custom Set Synthetic Bar-set the size of the synthetic bar manually;
• Show Only Strong Patterns-show only strong patterns (for a bullish reversal, the bar is bullish, for a bearish reversal, the bar is bearish);
• Signal Alert-use an alert when a reversal pattern appears;
• Show Arrow-use the arrows to display the level for placing a pending order (the level is set without taking into account the spread);
• Indent Arrow Pips-indent of the order level;
• Set Smart Filter-sets an additional filter for a likely reversal;
• Enabled Smart Filter – Filter activity;
• Calculate Period – the calculation period of the filter;
• View Settings – settings for displaying the pivot bar;
• Up Bar Cond Color – the color of the body frame of the bullish reversal bar;
• Up Bar Font Color – fill color of the body of the bullish reversal bar;
• Dw Bar Cond Color – the color of the body frame of the bearish reversal bar;
• Dw Bar Font Color – fill color of the body of the bearish reversal bar;
• Show Prev Bar – show the previous bar;
• Prev Bar Cond Color – the color of the frame of the previous bar;
• Prev Bar Font Color – the fill color of the body of the previous bar;
• Width Body Line – the thickness of the bar frame;
• Width Shade Line – the thickness of the bar shadows;
• Check Synthetic Awesome Oscillator-check the value of the histogram of the Awesome Oscillator indicator according to the strategy of B. Williams;
• Set Alligator-filter settings for the “Alligator” indicator”;
• Add Alligator On Chart-automatically add the “Alligator” indicator to the chart”;
• Check Alligator – make a check using the “Alligator” filter”;
• Mode Alligator parameters-the mode for calculating the parameters of the “Alligator” indicator (automatic recalculation of parameters 13, 8, 8, 5, 5, 3 according to the size of the synthetic bar or manual installation);
• Jaw Period (for Custom Set) – manual setting of the period for the jaw;
• Jaw Shift (for Custom Set) – manual setting of the jaw shift;
• Teeth Period (for Custom Set) – manual setting of the period for teeth;
• Teeth Shift (for Custom Set) – manual shift setting for teeth;
• Lips Period (for Custom Set) – manual setting of the lip period;
• Lips Shift (for Custom Set) – manual setting of the lip shift;
• MA Method – Averaging method;
• Price – price type;
• Set BW MFI Filter-BW MFI filter settings;
• Check BW MFI – use a filter based on the synthesized BW MFI histogram;
• Applied Volume – the type of volume used (for the BW MFI indicator).

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