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Ultimate Pattern Builder Indicator

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Published: 31 May 2020

Current version: 1.79

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Ultimate Pattern Builder Indicator

Indicators
NIKO TORI
Version: 1.79

Ultimate pattern builder indicator

Allows you to build any pattern with up to 3 candlesticks (+ special fourth).

This indicator is special because you can create any pattern you want, by modifying body and both wicks separately to your needs. If you ever wanted to create your own patterns, or just adjust any known popular pattern, then this is perfect for you.

With this indicator you can learn how to build candles, testing it in strategy tester and get marked new candles on realtime charts, however to fully test any strategy, auto trade and get alerts i strongly suggest my EA and scanner:

EA (test any trading scenario and auto trade): https://www.mql5.com/en/market/product/52303

Scanner (multi time frame/pair): https://www.mql5.com/en/market/product/52306

Two main building features:

Case A: building is very simple with points (pips). For every body and wick you simply insert value in the form of greater, less or between value. (case A is useful, when you need to search for very specific candles with exact values)

Case B: building is a bit more complex with percentage. You can compare every body and wick to AVERAGE past value or to each other with percentage in the form of greater, less or between value. (case B is useful for common use, where you want to build specific shape and search for it at any time frame and currency pair)

For deeply explanation, please check video below (my channel) and my mql blog: https://www.mql5.com/en/blogs/post/738254

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Description This is an indicator that colors market moods on a linear chart in the window of the main financial instrument. It is useful for determining support and resistance levels. Purpose The indicator can be used for manual or automated trading as part of an Expert Advisor. For automated trading, you can use values of indicator buffers of the double type: rising line - buffer 0, must not be equal to EMPTY_VALUE. falling line - buffer 1, must not be equal to EMPTY_VALUE.

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Ultimate pattern builder Expert Advisor (case B) Allows you to build any pattern with up to 3 candlesticks (+ special fourth). This EA is upgrade from indicator because you can now create your own trading scenarios and test it as much as you want. Everything that you test in strategy tester can be also done live at auto trading. If you dont know yet what is so special about this ultimate pattern builder software collection: it allows you to create any pattern you want, by modifying body and

Ultimate pattern builder Expert Advisor (case A) Allows you to build any pattern with up to 3 candlesticks (+ special fourth). This EA is upgrade from indicator because you can now create your own trading scenarios and test it as much as you want. Everything that you test in strategy tester can be also done live at auto trading. If you dont know yet what is so special about this ultimate pattern builder software collection: it allows you to create any pattern you want, by modifying body and

Ultimate pattern builder Scanner (multi time frame and currency pair) Allows you to build any pattern with up to 3 candlesticks. This Scanner is basically indicator with scanning feature, you can now create your own candlestick patterns and scan them in real time at any time frame and currency pair (stocks, energies, crypto...). Now you can use full potential of indicator in real time trading. If you dont know yet what is so special about this ultimate pattern builder software collection: it

WIth this indicator you can find Engulfing pattern that touch bollinger bands + optional moving average rule. For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price. For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price. You can also use moving average rule, so bearish engulf must be below MA

WIth this multi time frame and pair Scanner, you can find Engulfing pattern that touch bollinger bands + optional moving average rule. For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price. For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price. You can also use moving average rule, so bearis

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