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M W Pattern Scanner Tester

You can find full version here:

M W Pattern Scanner MT4

M W Pattern Scanner MT5

Introduction:

Double Top(M) and Double Bottom(W) is a very repetitive common type of price reversal patterns. Double Top resembles M pattern and indicates bearish reversal whereas Double Bottom resembles W pattern and indicates a bullish reversal that they have high win rate.

The M W Scanner indicator has stop loss, take profits and entry point levels with using Fibonacci levels and candlestick checking to find the best entry point and exit of trading. It finds signals immediately with alarm and notification for easy trading.

Main Features:

  • Detect the best and most common successful reversal trend :  Double Top(M) Pattern, Double Bottom(W) Pattern
  • Easy-to-use and user-friendly indicator
  • Scan just on GBPUSD chart
  • Select and deselect time frames button for scan (M1,M5,M15,M30,H1,H4,D1,W1,MN)
  • It displays and pushes notification stop-loss, entry-point and take-profit levels
  • Candlestick check for the best entry point
  • Use Fibonacci levels 
  • Method Engulfing/breakout -  Engulfing on the edge of Pattern / Breakout neck of channel
  • Sending the alert and push notification
  • Alert enable/disable base on your setting time
  • Adjust the pattern setting

Input Parameters:

=========Scanner============

  • Scan All Charts – Disable and scan just open GBPUSD chart.
  • Scan the number of candles – Amount of history bars to evaluate
  • Re-scan Timer – Re-scan GBPUSD chart after passing time
  • Mode = Engulfing/breakout -  Engulfing on the edge of Pattern / Breakout neck of channel
=======Display/style Options============
  • Display Options – Display or do not  SL & TP & Entry levels
  • Stop Loss levels and Breakout Style - Set the Fonts and colors of patterns

    ========ALERT SETTINGS ==========

    • Display Alert or Push Notification – Enable or disable Alert or Push Notification
    • How many candles are past a pattern – Maximum Number of candles Passed from a pattern to allow alert
    • Alert Buffer Size – Maximum save alert to prevent duplicate alerts
    • Alert start/end time  – Determine trading hours based on the computer clock to activate and deactivate the alarm


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