Predictive indicator "Tick pattern": analogue of divergence

the "Tic-tac-toe pattern" indicator - is a tool whose principle is similar to the search divergencesbecause it looks like a discrepancy between the oscillator readings and the price on the chart.

However, the purpose of the "Tick pattern" indicator is only to predict the direction of the next candle: bullish or bearish.

The following oscillators can be set in the indicator parameters:

• Stochastic;
• MACD;
• RSI;
• Momentum;
• RVI;
• et al.

The indicator is equipped with audio and text alerts that appear when the tick pattern is detected.

The last three bars are involved in constructing the Tick pattern. On the price chart you need to connect the closing prices of the bars, and on the oscillator chart - simply select the last three readings. If both charts have "ticks" and they have a different vertical orientation, the "Tick" pattern has been found. The local minimum on the oscillator chart is a bullish pattern (blue), the local maximum is a bearish pattern (red).

Download the "Tick pattern" indicator

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