Pattern indicators
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PricePatterns indicator, as the name implies, is designed for searching and identifying technical analysis patterns on a currency pair chart. The PricePatterns indicator allows you to find the most common price patterns: Head and shoulders Inverted head and shoulders Double/triple top Double/triple bottom Triangle Converging and diverging wedge The PricePatterns indicator has a whole system of notifications of the pattern detection, and also allows you to set the display only the necessary figures of technical analysis. We recommend using the PricePatterns indicator on timeframes from H4 and higher, and also remind that the technical indicator is only an assistant to the trader in making a trading decision, so do not blindly orient yourself to the found patterns of the TA....
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The InsideBarSetup indicator is a technical tool designed to find and identify one of the most common Price Action "Inside Bar" or Inside Bar pattern on the price chart. If the Inside Bar pattern is found, the InsideBarSetup indicator marks it with the asterisk whose color can be customized, and duplicates the information with the audio and text messages. Furthermore, when the Inside Bar pattern is found, the InsideBarSetup indicator determines the levels of pending orders, as well as stop-loss and take-profit orders, which are displayed on the chart and also duplicated in a separate text window. The InsideBarSetup indicator has a wide range of settings that allow not only changing the indicator display, but also apply signal filtering and much more. By...
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The Price Action Dashboard pattern indicator is able to automate the process of searching for Price Action patterns on the chart. The Price Action Dashboard identifies the three most popular and therefore the strongest patterns: Pin Bar Pattern; Double Bar Setup; Candlestick Engulfing Pattern (or Vertical bar). When one of the three patterns is detected, the indicator displays text and audio alerts. The Price Action Dashboard Symbols indicator settings is a list of currency pair symbols, by which the necessary patterns are searched. If desired, you can add any other pairs to be traded, not necessarily currencies (commodities, stocks). M1 - MN Timeframe Enabled - the timeframes, on which the search will be carried out...
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PA Patterns Scanner indicator is designed to find and display candlestick patterns of Price Action on the price chart of a currency pair. PA Patterns Scanner detects the following patterns: Pin Bar OVB TBH(TBL) DBHLC (DBLHC) Rails PPR WRB The indicator settings allow you to enable or disable the search for each of the patterns. The following settings are also available for external parameters: Valid diviation of Hi/Lo to equal, point - allowable deviation in points, at which values of high and low bars are considered equal (for DB and TB patterns); Max. Candles Body Ratio, % - Maximum superiority of one candlestick body, in % (for pattern Rails); Ratio of Candles Body to It...
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Candlestick bn alert candlestick pattern indicator is an indicator that identifies candlestick patterns on the price chart of a currency pair. Candlestick bn alert indicator is optimized by the user of forexsystemsru.com forum with the nickname bornikol. The chart shows the name of a candlestick pattern and an arrow indicating the likely direction of price movement. When a pattern is detected, the Candlestick bn alert indicator gives an audible signal, as well as displays a window with a text alert. A significant advantage of the indicator is the display of candlestick patterns names in Russian, in contrast to many other equivalents. We believe that the Candlestick bn alert candlestick indicator will be useful for traders who use candlestick analysis in their trading. We recommend applying the indicator on timeframes from H4 and...
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The CPR mtf signal indicator is based on one of the strongest patterns of the Price Action technique, namely the Closing Price Reversal pattern. The author of the indicator is the user of the forexsystemsru.com forum Crossluck. The pattern Closing Price Reversal signals about the price reversal and is usually found in the rapid movements of the quotes. The classic application of the pattern Closing Price Reversal implies entering the trade without confirmation with a stop loss order placed on the maximum (minimum) of the shadow of the signal candle. Nevertheless, the author of the indicator has implemented the mtf function that allows receiving confirmation of a trading signal from other timeframes. According to our experts, the CPR mtf signal indicator will be quite effective and profitable tool for traders.
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The IBFX-CPR M3 candlestick pattern indicator is a comprehensive indicator that determines the candlestick pattern at the current time. When determining the pattern, the IBFX-CPR M3 indicator displays the appropriate icon on the chart, as well as gives recommendations for entering the trade: entry area, recommended stop-loss and take-profit levels. It is worth noting that the candlestick patterns indicator IBFX-CPR M3 determines not only on the current, but also on all available timeframes. The indicator also has an extended range of parameters that allows you to include only the necessary patterns and timeframes, as well as entry levels and signals when new patterns appear. Our experts recommend using the IBFX-CPR M3 candlestick patterns indicator as an auxiliary...
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The Bheurekso pattern indicator finds candlestick patterns on the price chart of a currency pair and signs them. Please note that the indicator also has a built in signal function - not only the name of the candlestick pattern is plotted on the chart, but also the trading signal that this pattern gives. According to our experts, the basic rule of candlestick analysis is applicable to the signal indicator Bheurekso pattern - the older is the timeframe, the lower is the probability that the pattern will be false. Naturally, the Bheurekso pattern candlestick indicator should not be considered as an independent signal source, so we recommend using it on higher timeframes as a source of confirmation signals. Download Bheurekso pattern indicator Other popular indicators
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The Splash And Shelf indicator finds and displays "Splash And Shelf" patterns, as well as the moments of trade signals occurrence. The pattern is registered when there are four alternating fractals: bottom - top - bottom - top; top - bottom - top - bottom. The descending pattern is registered when lower and upper fractals form a spike - the impulse price movement of sufficient height. The surge is followed by the lower fractal forming a shelf again. The fourth, upper fractal should have the maximum value below the maximum of the second fractal. The point of intersection of the shelf lines and the line drawn on the upper fractals indicates the moment of the pattern expiration. If the price has broken the shelf level before that moment, the pattern is...
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The "Tick Pattern" indicator is a tool whose principle is similar to the search for divergences, because it looks like a divergence 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; etc. The indicator is equipped with sound and text alerts that appear when the tick pattern is detected. In the construction of the pattern Tick the last three bars are involved. It is necessary to connect the closing prices of the bars on the price chart with lines, and to simply select the last three readings on the oscillator chart. If both charts have "ticks" and have different vertical...
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Figures Candle indicator is designed for searching and identifying candlestick analysis patterns. Figures Candle indicator finds the main candlestick patterns on the chart and signs their names. In this case, depending on the direction, an arrow will appear and each candlestick pattern will be marked with the corresponding color. It should be noted that the accuracy of candlestick patterns decreases with decreasing timeframe. Therefore, we recommend using the Figures Candle indicator on timeframes H4 and older. Download Figures Candle indicator Other pattern indicators
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The Hook Reversal indicator is developed by the user of forexsystemsru.com forum with the nickname Crossluck and is based on the search of internal bars, which are identified as the points of possible price reversal. The Hook Reversal indicator is discussed in this thread. What is a reversal on an inside bar? Criteria for a signal bar in an up trend: The bar must open near the maximum Closing must be near the minimum of the bar The bar must have a lower maximum and a higher minimum compared to the previous bar (i.e. the bar must not go out of the previous bar range) Criteria for a signal bar in a down trend: The opening must be near the minimum of the bar Closing must be near the maximum...
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The Engulfing indicator will be useful for traders whose trading is based on the use of candlestick analysis. The Engulfing indicator finds the "Takeover" candlestick patterns on the price chart and, depending on the nature of the pattern (bullish or bearish takeover), gives a signal to enter in the form of arrows of the corresponding color and direction. In addition, the Engulfing indicator has a system of sound and text alerts. The author of the indicator claims that the Engulfing indicator gives exact signals on all timeframes. However, the experts of fortrader.org think that the indicator should be used on higher timeframes, beginning with H4, because the older is the timeframe used, the more accurate will be the signals of candlestick patterns. Download the Engulfing Indicator Other...
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