Chart Patterns All in One
- Indicators
- Davit Beridze
- Version: 2.2
- Updated: 16 August 2024
- Activations: 5
The Chart Patterns All-in-One indicator is designed to help traders visualize various chart patterns commonly used in technical analysis. These patterns provide insight into potential market behavior, but their profitability is not guaranteed or implied by the indicator itself. The indicator serves as a tool for evaluating the patterns within your own trading strategy.
For Bonus, feel free to Message me or leave a comment.
We recommend thoroughly testing the indicator in demo mode and reviewing the product details before purchasing.
Current offer: The "Chart Patterns All in One" price is discounted by 50% until 9 September.
This indicator combines multiple chart patterns into one, making it customizable and efficient for technical analysis on MetaTrader 4 (MT4).
Patterns Included:
- Pattern 1-2-3
This pattern identifies potential market reversals by recognizing a sequence of three points (highs or lows).
- Signals:
- Buy: Two consecutive lows followed by a high lower than the previous high.
- Sell: Two consecutive highs followed by a low higher than the previous low.
- Visualization: Lines and arrows connect the identified points on the chart.
- Double Top and Bottom
This pattern indicates potential reversals when the price forms two consecutive highs (Double Top) or two consecutive lows (Double Bottom) that are approximately equal.
- Signals:
- Double Top: Bearish reversal.
- Double Bottom: Bullish reversal.
- Visualization: Lines connect the peaks or troughs, with arrows marking reversal points.
- Triple Top and Bottom
Similar to the Double Top/Bottom, but with three consecutive highs or lows, indicating a stronger reversal signal.
- Signals:
- Triple Top: Bearish reversal.
- Triple Bottom: Bullish reversal.
- Visualization: Lines and arrows mark the pattern.
- Triangles
Triangles signal periods of consolidation before the price moves in the direction of the trend. The indicator identifies ascending, descending, and symmetrical triangles.
- Signals:
- Ascending Triangle: Bullish continuation.
- Descending Triangle: Bearish continuation.
- Symmetrical Triangle: Continuation that can break in either direction.
- Visualization: The triangle is drawn on the chart with arrows marking breakout points.
- Splash and Shelf
This pattern identifies sharp price movements (splash) followed by consolidation phases (shelf), which can indicate potential breakouts.
- Signals:
- Splash: Sharp movement.
- Shelf: Consolidation after a splash.
- Visualization: Trend lines and horizontal lines are drawn for the splash and shelf patterns.
- Flag and Pennant
These are short-term continuation patterns that signal a brief pause before the trend resumes.
- Signals:
- Bullish Flag: Continuation of a bullish trend.
- Bearish Flag: Continuation of a bearish trend.
- Pennant: Continuation pattern forming a small symmetrical triangle.
- Visualization: Shapes and arrows indicate the pattern and breakout points.
Features:
- Toggle Patterns On/Off: Easily activate or deactivate specific patterns using on-chart buttons for flexible analysis.
- Customizable Settings: Adjust colors, line widths, and other pattern-specific settings for personalized analysis.
- Alerts and Notifications: Configure alerts for push notifications or emails when patterns are detected.
Inputs:
- General Settings: Customize colors, line widths, and other display options.
- Pattern Specific Settings:
- Double_Triple_and_1_2_3: Adjust settings for Double Top/Bottom and 1-2-3 patterns.
- Pattern_TRIANGLES: Configure triangle patterns.
- Splash_and_shelf: Customize splash and shelf patterns.
- Flag_and_Pennant: Adjust settings for flags and pennants.
- Alert Settings: Set up notifications via alerts, push notifications, or emails.
Visualization:
- Arrows and Lines: Patterns are visualized with lines and arrows for easy identification.
- Interactive Buttons: Buttons on the chart allow users to toggle pattern visibility.
This all-in-one indicator is ideal for traders who use multiple chart patterns in their technical analysis. By combining these patterns into one tool, it simplifies the analytical process and helps in making informed decisions.
I personally think that triangles are very useful as a tool for determining direction. As long as you are not greedy, weekly profits are more lucrative than working. The author is very meticulous, and the user manual covers languages from various countries. The overall experience is great.