Market / MetaTrader 4 / Indicators /

Chart patterns scanner

59 USD

Demo downloaded: 344

Published: 17 December 2019

Current version: 2.5

Chart patterns scanner

4.67

Indicators
Jan Flodin
Version: 2.5
Updated: 27 November 2023
Activations: 10

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers.

This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulders, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode. Please read more about this option in the product's blog. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
Can monitor every time frame, from M1 to MN, and sends you a real-time alert when when the pattern has been identified or at neckline breakout (top/bottom and head and shoulders). All Metatrader native alert types are supported.
Can use RSI as a trend filter to properly identify potential reversals.
The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and time frame in question.
The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading. You can find more information about the content and location of the text file in the blog.

Input parameters

The description and explanation of the input parameters can be found here.

Important

Please note that due to the multi functionality neither buy and sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. Lines showing the pattern will be drawn on the chart which will be opened by clicking on a signal in the panel.

The indicator must be put on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

more...

207

yamez 2023.01.29 04:08 #

I've had this indicator for some time. Great for confirming reversals on lower TF, with higher TF confluences. Don't just take the signals as is. Saves me a lot of screen time.

38479

Suvashish Halder 2021.10.15 20:53 #

A++ Rated Scanner

378

viamal777 2020.09.30 22:04 #

This is the only scanner that actually works. And this is the developer that considers your requests to make it even better.

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49 USD

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The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following indicators/oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and Composi

FREE

This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.

FREE

Features This is an indicator that recognizes a special type of Inside Bar formation which is formed by a Master candle followed by 4 smaller candles (please see the strategy explanation below). Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / pop-up / email / push notifica

10 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out on

49 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. It should be combined with your own confirmation rules, techni

49 USD

59 USD

This multi indicator/oscillator (hereafter indicator), multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerfu

39 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, which involves the MAs 10, 20 and 30 on the D1 time frame). The EA works best on H1 and larger time frames. Th

79 USD

39 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers RSI, pin bar, engulfing, tweezer, morning/evening star filters as well divergence filter options which makes it possible to filter out only the strongest setups. The indicator can also be used

39 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode.

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This indicator for Metatrader 4 identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout or for p

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can also be used in single chart mode. Please read more about this option in the product's blog . Combined with your own rules and techniques, this indicator will allow

49 USD

This multi time frame and multi symbol indicator for MT5 alerts about Heiken Ashi Smoothed color changes. As a bonus it can also scan for Hull Moving Average color (trend) changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time fram

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies when the stochastics signal line crosses the stochastics main line. As an alternative it can also alert when stochastics is leaving (without signal line crossing main line) an overbought/oversold area. As a bonus it can also scan for Bollinger bands and RSI overbought/oversold crosses. Combined wi

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. In addition to finding bullish and bearish Three line strike formations this multi symbol and mutli time frame indicator can also scan for the following candlestick patterns (please see screenshots for explanation of the patterns): Three white soldiers (reversal>continuation pattern) Three black crows (reversal>continuation pattern) The formations do not ap

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator sends an alert when one or more trend reversal candle patterns have been identified on several time frames. It can be used with all time frames from M5 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. Combined with your own rules and techniques, this

39 USD

This multi time frame and multi symbol indicator identifies fractals patterns. As a bonus it can also scan for Parabolic SAR (pSAR) trend changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time frame, from M1 to MN, and sends you a

30 USD

This cost averaging Expert advisor (EA) places additional trades in the same direction as the original (manually opened) order when the price goes against you. It can be used as a grid system or as pure martingale system (exponential increasing of lot size) or smoothed martingale (for instance linear increasing of the lot size). Due to the risk involved, this EA is more suitable for intermediate to advanced traders who are well aware of how to handle risk management and trading an already profit

30 USD

This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher timeframes. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator scans for pin bars. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.

30 USD

Filter:

207

yamez 2023.01.29 04:08 #

I've had this indicator for some time. Great for confirming reversals on lower TF, with higher TF confluences. Don't just take the signals as is. Saves me a lot of screen time.

38479

Suvashish Halder 2021.10.15 20:53 #

A++ Rated Scanner

378

viamal777 2020.09.30 22:04 #

This is the only scanner that actually works. And this is the developer that considers your requests to make it even better.

236

suresh2425 2020.06.15 04:26 #

Product is ok but. No filter (divergence) for double top and bottom.

mengswee 2020.06.06 14:11 #

Excellent Product, Excellent Service!

8935

Aravind Kolanupaka 2020.05.09 18:06 #

Good

Version 2.5 2023.11.27

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added a moving average (MA) trend filter which can be enabled for top/bottoms, head & shoulders and flags

Version 2.4 2023.10.13

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added an option to write the signals as global variables instead of to a file (to be used by an EA)
- bug fix

Version 2.3 2023.06.02

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

This is not a mandatory update if you don't want to use the RSI filter with another time frame.

Change log:
- added an option to select the time frame for the RSI filter

Version 2.2 2022.01.14

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

This is not a mandatory update if your broker is not using the "-" (minus) character in the symbol names.

Version 2.1 2022.01.11

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added support for "-" (minus) characters in symbol names (Oanda core price account etc.)

Version 2.0 2021.12.15

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added the possibility to work with flag (pole) breakouts
- added a possibility to use the indicator in single chart mode (checking only one symbol and time frame). It will then draw the patterns on the chart where the indicator is running. This option is in some ways limited though. More information in the prroduct's blog.
- corrected a bug regarding the drawing of some of the pattern lines in the strategy tester
- added drawing of breakout arrows

Version 1.9 2021.10.15

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added the possibility to use the ATR indicator (period 14) instead of points for calculating the offset. For this reason I have removed the option to use separate point values since ATR will basically do the same work.
- added the possibility to set a custom panel title

Version 1.8 2020.09.30

*** Please always make a backup copy of the existing indicator (the .ex4 file) before you make the update ***

This is not a mandatory update if you are not experiencing problems at the moment.

- minor bug fix

Version 1.7 2020.09.02

*** Please always make a backup copy of the existing indicator (the .ex4 file) before you make the update ***

- added a possibility to work with pennant and triangles break-outs

Version 1.6 2020.06.04

- fixed an issue with lines sometimes not beeing drawn correctly for top/bottom break-outs

Version 1.5 2020.03.05

- added a possibility to set signal time offset in hours. This is the time which appears as first information in the panel, prior to the symbol name.

Version 1.4 2020.01.24

*** Please always make a backup of the existing indicator (the .ex4 file) before you make the update ***
- added scanning for flag patterns (beta version)

Version 1.3 2020.01.21

*** Please always make a backup of the existing EA (the .ex4 file) before you make the update ***
Non mandatory update. Changes:
- the alert text for the email alert is now in the body of the email alerts instead of in the subject

Version 1.2 2020.01.13

- added the possibility to insert a custom text to the pop-up (on-screen) alert
- added the signal price and time (right shoulder) to the end of the alert text for Head and Shoulder alerts

Version 1.1 2019.12.25

- added a possibility to set that the extremum prior to the left shoulder must be higher/lower than the left neckline point. Please see screenshot #3 for explanation.
- added a possibility to disable repeated alerts in case the right shoulder gets extended (repainted).