Pattern 1 2 3 demo
The indicator will automatically recognize the chart pattern 1-2-3.
- The indicator is able to monitor the formation of the pattern in real time, inform the trader about the end of the formation (when the price breaks the line at point 2), and shows the completed pattern on history. Patterns never redrawn.
- The indicator can recognize patterns on all instruments (currency pairs, stock market, gold, etc.), without the need for configuration for each tool.
- A user-friendly visualization patterns. It is possible to display dots on the graph 1,2,3 (option “Show points # 1,2,3”).
- The indicator determines the possible targets of the pattern mining. Targets are calculated Fibonacci levels or to increase fib (specified by the parameter “Method of calculating the Profit Levels“). It can be calculated from one to five goals. These goals on the chart have a description that contains the number of Fibonacci and price level. For their display turn on the description of graphic objects (press the F8 button on the chart and select” Show object descriptions “) .
- To determine the patterns of the indicator Zigzag nepererisovyvayuschiysya uses its own design, so the indicator signals are not redrawn.
- When patterning the indicator gives the sound and a text message. Supports sending messages to e-mail and push-messages on a mobile device (parameters ON / OFF-Mail and ON / OFF-Push).
Limitation of the demo version: The indicator is fully functional on a pair NZDUSD (history + real-time). Other instruments can be viewed only on the signals of history.
The full version can be found here.
Features trade on 1-2-3
- Pattern 123 can be either a turn and the trend.
- Pattern 123 is well practiced on all instruments and timeframes from M5 to MN.
- The greater the number of bars forming pattern (from point 1 to point 3), the greater the price movement is predicted after breaking pattern.
- If point 1 has a pin-bar (Hammer and Shooting Star in candlestick analysis) – it enhances pattern.
- For Intraday trading it is recommended to look for a pattern only on the European or the American session.
- According to the trading system, the completion of the pattern is considered to be at the level of the sample point of the bar line 2. That is, bar should close on the other side of the line, not just touch or puncture it. However, the indicator provides an opportunity to consider a simple pattern perfecting touch line from point 2 (parameter “Method for pattern triggering”).
Options
Block basic parameters:
- Number of bars for the indicator calculation – the number of bars to calculate the indicator
- Depth of ZigZag – Number of bars to find vertices Zigzag (analog parameter “Depth” standard zigzag)
- Color to BUY – color of lines forming pattern to buy
- Color to SELL – color of lines forming pattern for sale
Block parameters of target profit levels:
- Method for pattern triggering – mining method selection pattern (“Touch of the line from point # 2” – touch line; “Breakout of the line from point # 2” – line break)
- Show the Profit Levels – show the target levels of profits (Disabled – do not show; Current pattern only – show levels of profit for the current pattern; All patterns – show levels of profit for all patterns in the stories)
- Method of calculating the Profit Levels – calculation of profit levels (fibo Levels – Fib levels; fibo Extention – Fib expansion)
- Profit target # 1 – Profit target # 5 (Fibo number) – Fibonacci number to calculate the target №1-№5 (if = 0, – the line is not displayed)
- Style line of the Profit Levels – profit levels of line style
- Show points # 1,2,3 – 1,2,3 show the point on the graph
- Points size – size dots
Block notifications and sound settings
- ON / OFF – Sound when the signal – on off. audio signal feed
- Signal of the line breakdown – pattern 123 is complete – the name of the sound file in the breakdown of the line – 1-2-3 is completed
- Pre-alarm – pattern 123 began to emerge – the name of the sound file played back at the start of pattern formation.
- ON / OFF – Alert – on off. Posts in the terminal when a signal
- ON / OFF – Mail – on off. sending messages via e-mail
- ON / OFF – Push – on off. push-sending messages to mobile devices
Video
Related posts
-
TR Breakout Patterns Scanner DEMO
TR Breakout Patterns Scanner DEMO This price action indicator automates detection the breakdown of the trend patterns and patterns re-breakdown testing ,…
-
Dashboard Critical Support and Resistance Demo
Dashboard Critical Support and Resistance Demo For information on the complete version using this link. For information about the version of one pair by…
-
Wise Men Indicator demo Indicator displays the graph signals according Bill Williams strategy. The demo version of the indicator has the same features as…
Next posts
- Lines Profit Loss
- SwingPoints
- Murrey Math