This indicator finds 123 patterns, also known as continuation patterns, which forex reversal indicator free download breakouts of consolidated prices in the direction of the trend. Boost your trading activity with the best 123 patterns indicator ever created for the Metatrader platform.
Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Indicator Settings The amplitude reprents the size of the patterns to be found. Less bars to evaluate means the indicator will load faster. Patterns Choose the colors of the patterns.
Bottom This indicator finds double top and double bottom chart patterns, a must-have tool for price action traders. Head and Shoulders This indicator finds shoulder-head-shoulder chart patterns and implements alerts. Bottom This indicator finds triple top and triple bottom reversal patterns and implements alerts of all kinds. Pennants This indicator finds pennants, which are continuation patterns, and implements alerts of all kinds. Wedges This indicator finds wedges, which are continuation patterns, and implements alerts of all kinds.
Protection: All original content on Pointzero-trading. Reproduction or re-publication of this content is prohibited without permission. Tired of plotting support and resistance lines? The Support Resistance is a multi-timeframe indicator that auto-detects and plots supports and resistance lines in the chart with a very interesting twist: as price levels are tested over time and its importance raises, the lines become thicker and darker. Past and present price levels are collapsed by proximity and adjusted to the current market action. Lines are drawn where the action is and not necessarily at the peaks.