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Chart patterns scanner MT5

59 USD

Demo downloaded: 765

Published: 27 December 2019

Current version: 2.4

Chart patterns scanner MT5

4.43

Indicators
Jan Flodin
Version: 2.4
Updated: 17 June 2024
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 & 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. 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 a breakout. 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 or to global variables which both can be used by an Expert Advisor (EA) for auto trading. You can find more information in the blog. Indicator buffers are not supported.

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.

It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

more...

253

Maria Angelova 2024.02.03 08:31 #

I've been using it for a week now. A unique indicator. Really extremely useful indicator for beginners.Thanks to the creator for creating it

Andreas Ullrich 2023.11.13 17:34 #

This is a very useful indicator. It works properly. Well done!

1194

tunck 2023.07.06 14:01 #

Very good tool and great support!

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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 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

Please if possible consider the paid version which I will continue to develop (there will be no future updates for this free version). This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI, bollinger, stochastics, moving average and ADX filter options which makes it possible to filter out only the strongest setups. The default settings ar

FREE

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 supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. It is possible to use RSI, divergence (MACD, OsMA, RSI or Awesome) a

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 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. Combined with your own rules and techniques, this indicator wi

49 USD

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 or more bars in order to confirm the color (trend) change. Input parameters Candle shift for alert: Default is 1. Setting it to 0 will alert you on color change on the current candle. This should be regarded as a pending (uncon

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

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

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 (EA) is designed to trade on a rapid price movement following a news event. The EA trades multiple symbols from one single chart which must be a EURUSD H1 chart. It it advisable to remove all symbols you don't trade from the Market Watch to reduce the overall data demand. The 'Auto settings' input parameter value True must only be used you have s

150 USD

39 USD

69 USD

Please if possible consider buying the MT5 version which at the moment offers more functionaIity . I also 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, whic

59 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 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

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 filters for RSI overbought/oversold, candle patterns (pin bar, engulfing, tweezer, morning/evening star, three line strike) and divergences (MACD, OsMA, Awesome (AO), RSI, CCI, Stochastic) whic

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 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

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 indicator offers. This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter

39 USD

This multi symbol indicator has been designed to automatically identify when price reaches major psychological levels. Also known as round numbers, whole numbers or key levels. As a bonus it can also scan for pivot point level on one selected time frame. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can write the signals to a file which can be used by an Expert Advisor for auto trading. Can monitor all symbol

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 time frames. 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

This indicator recognizes a special type of Inside Bar formation which is formed by a big Master candle followed by 4 smaller candles (please see the strategy explanation below). Features 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 / popup / email / push notification. On

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 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:

159

Erik 2024.06.11 22:21 #

Leider nicht so gut. Sozusagen alle Double Tops und Double Bottoms liefern Fehlsignale. Head & Shoulders auch nicht so gut.

253

Maria Angelova 2024.02.03 08:31 #

I've been using it for a week now. A unique indicator. Really extremely useful indicator for beginners.Thanks to the creator for creating it

Andreas Ullrich 2023.11.13 17:34 #

This is a very useful indicator. It works properly. Well done!

1194

tunck 2023.07.06 14:01 #

Very good tool and great support!

865

Johan Julien Aubry 2023.02.12 11:38 #

This very cheap indicator allows finding good entry signals with a lot of possibilities to customise settings. Jan is really helpful and very reactive. Well documented and EA compatible. I totally recommend this product!

353

DownTheRabbitHole 2022.01.12 06:29 #

The Author has done a remarkable job, keep it up... And raise your price... : )

deadzone111 2021.11.09 09:18 #

RECOMMENDED Needs some reading in order to understand the logic but overall the paying version is amazing and very accurate. Also, I had a few questions and the developer answer very fastly. it worth the money. RECOMMENDED.

Version 2.4 2024.06.17

*** IMPORTANT - please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

Change log:
- fixed an issue with the 'Scan for bullish and/or bearish' filter for flags
- added the possibility to set the colors, item height and font size in the panel

Version 2.3 2023.12.11

*** Please always make a backup of the existing indicator (the .ex5 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.
- new additional input for symbols.
- the indicator can now draw the Moving average (if time frame set to 'current') and RSI indicators on the chart if any of these filters have been enabled.

Version 2.2 2023.06.28

*** Please always make a backup of the existing indicator (the .ex5 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 2023.06.25

*** Please always make a backup of the existing indicator (the .ex5 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)

Version 2.0 2023.02.10

*** IMPORTANT - please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

Change log:
- bug fix in the flag scanning. In some cases an array out of range error appeared on lower time frames
- added the option to select whether the signal file should be stored in the datafolder or in the common folder

Version 1.9 2023.02.08

*** IMPORTANT - please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

Change log:
- when backtesting the file with signals will be written to the Metatrader Common\Files folder instead of to the regular data folder
- added the input parameter 'Only chart symbol and time frame in tester'. When set to 'false' signals from all symbols given in the 'Symbols to scan' parameter will be written to the file. In this mode the pattern lines will not be drawn on the tester chart

Version 1.8 2021.12.29

*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

- added a possibility to set the scanning interval in seconds. Default is 1. Can be set to a higher value in order to prevent possible performance issues on slower computers.

Version 1.7 2021.12.15

*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

- 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 1.6 2021.10.28

*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

- added the possibility to work with flag (pole) breakouts
- 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 1.5 2020.09.23

*** Please always make a backup copy of the existing indicator (the .ex5 file) before you make the update ***

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

Version 1.4 2020.09.01

*** Please always make a backup of the existing indicator (the .ex5 file) before you make an update ***

- bug fix. Not mandatory of everything is already working as it should.

Version 1.3 2020.06.09

Recompiled (recommended by Metaquotes as of June 05,2020) to the new MT5 version 2485: https://www.mql5.com/en/forum/342948

Version 1.2 2020.06.04

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

Version 1.1 2020.01.24

- added scanning for flag patterns (beta version)
- the alert text for the email alert is now in the body of the email alerts instead of in the subject
- 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