Expert assistant. Multi-currency. Multi-period. Multi-sign. Detects parabolas of degree ” n ” of different types with a vertex at the far candle and at the near candle. For the search, it uses the method of the mean-modulus deviation of the medians. It has many configurable parameters. A simple and convenient tool. It is a lightweight version of the WY Pattern Searcher P6 E MT5 product .

Indicator version

Meta Trader 4 version

Main

• Show Basic Spline – display the main spline
• Show Help Spline-display the auxiliary spline
• Show Spline Labels-display spline names (set up later)
• Use Following Spline-enable the following mode (finish drawing the formation as it is formed)
• Play Warn. Sound On Detect-emits a sound signal when another formation is detected
• Play Warn. Sound On Following-emits a sound signal when the current formation is finished drawing
• Play Warn. Sound On Following Break-emits a sound signal when the current formation changes
• Clean Old Splines-removes all formations from the chart except the last Splines In Memory
• Splines In Memory-leave the last formations on the chart
• Font Size – the size of the spline text
• Font Y Coordinate Accumulation – offset of the text by the Y coordinate relative to the anchor point
• Font X Coordinate Accumulation – shift of the text by the X coordinate relative to the anchor point

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Enable / disable the search for different types of parabolas

• Searching PARABOLIC (a) – search for parabolas with a vertex at the far candle and a continuation in the form of a horizontal line
• Searching PARABOLIC(b) – search for parabolas with a vertex near the far candle
• Searching PARABOLIC ( c) – search for a parabola with a vertex near the nearest candle

Parameters of a single parabola named Par. Name

• “Par. Name ” Label – name of the formation
• “Par. Name ” Label Color – the color of the name text
• “Par. Name ” Main Spline Color – the color of the main spline
• “Par. Name ” Help Spline Color – the color of the auxiliary spline
• “Par. Name ” Help Dot Color – the color of the auxiliary dashed line
• “Par. Name ” Help Spline Y – the auxiliary spline is set up by the specified number of points
• “Par. Name ” Min Points Size – the minimum value of the spline along the Y-axis in points
• “Par. Name ” Max Points Size – the maximum value of the spline along the Y-axis in points
• “Par. Name ” Min Bougie Size – the minimum value of the spline on the X-axis in candlesticks
• “Par. Name ” Max Bougie Size – the maximum value of the spline on the X-axis in candlesticks
• “Par. Name ” Exponent – the highest degree of the desired parabola (2-standard parabola)
• “Par. Name ” Relative Lengthening Left-lengthen the initial spline on the left side (1.0-lengthening twice)
• “Par. Name ” Relative Lengthening Right-lengthen the initial spline on the right side (1.0-lengthening twice)
• “Par. Name ” Average Deviation Of Peaks – relative average deviation Of peaks (High and Low)
• “Par. Name ” Maximum Deviation Of Peaks – relative maximum deviation Of peaks (High and Low)
• “Par. Name ” Average Deviation Of Medians – relative average deviation Of medians

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