Pattern - page 3

[razasia]

newdigital:
Pattern indicators.

Have any update of these pattern identification indicators ?

[Sergey Golubev]

FivePattern - indicator for MetaTrader 5

Forum on trading, automated trading systems and testing trading strategies

Indicators: FivePattern

Sergey Golubev, 2014.06.25 18:33

Why false breakout? Look at the image (this is Merrill's patterns for downtrend):

 

and look at GBPUSD M1 chart for now:

 

So, the pattern on GBPUSD chart is same as M3 Merrill, right? And the evolution of this M3 pattern was on the following way: M8 - M4 - M3. That is why it was false breakout.

 

Forum on trading, automated trading systems and testing trading strategies

Market Condition Evaluation based on standard indicators in Metatrader 5

Sergey Golubev, 2013.01.31 16:51

Merrill's patterns for uptrend:

 

 

and it looks like W10 with evolution as W4 - W5 - W10:

 

 

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Creating an Algo based on pattern/candlestick recognition

Sergey Golubev, 2024.08.17 07:27

Pattern Recognition Using Dynamic Time Warping in MQL5

Pattern recognition has always been a valuable tool for traders. Whether it's identifying unique combinations of candlesticks or drawing imaginary lines on a chart, these patterns have become an integral part of technical analysis. Humans have always excelled at finding and recognizing patterns—so much so that it is often said we sometimes see patterns where there are none. Therefore, it would benefit us to apply more objective techniques when identifying potentially profitable patterns in financial time series. In this article, we discuss the application of Dynamic Time Warping (DTW) as an objective technique for finding unique patterns in price data. We will explore its origins, how it works, and its application to financial time series analysis. Additionally, we will present the implementation of the algorithm in pure MQL5 and demonstrate its use through a practical example.