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Diamond Pattern

5

The diamond top and bottom are reversal patterns. It represents a rally to a new high with a drop to a support level followed by a rally to make a new high and a quick decline, breaking the support level to make a higher low. The bounce from the higher low is then followed by a rally, but making a lower high instead. Once this behavior is identified, prices then break the trend line connecting the first and second lows and start to decline further.

You can find MT5 version hier

Indicator shows you target level and stop loss level. Stoploss level can be adjusted depending on your risk tolerance.


The following alert types are available:

- Popup alert,

- Email ( Settings in metatrader 4 stations necessary: instruction ),

- Notification to mql5 app ( Settings in mql5.com profile necessary: instruction  ),

- sound,

- Comment at screen,

- log at expert tab


INPUT PARAMETERS

*** Pattern setup

Min Points - Min points between resistance / Support prices

Trend Move Min Bars - min trending bars before checking pattern

Trend Move Max Bars - max trending bars before checking pattern

Enable reversal signal - Enable reversal signal

Enable continuation signal - Enable continuation signal

*** Trade setup

Stoploss Offset Points - Stoploss offsett of from pattern high/low point

*** Visualisation

Panel Offset - Panel vertical position offset from above

Alert Type - choose alert type

Comentarios 2
Aravind Kolanupaka
8935
Aravind Kolanupaka 2022.03.29 17:49 
 

Nicely done. This indicator shows pattern, levels to trade and the best part is confirmation arrow showing direction.

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Golden Trend Indicator
Noha Mohamed Fathy Younes Badr
Indicadores
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Indicadores
Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! D
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Indicadores
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Indicadores
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Ugur Oezcan
Indicadores
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Ugur Oezcan
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¿Qué es la doble parte superior e inferior? Los patrones de doble techo y suelo son patrones gráficos que ocurren cuando la inversión subyacente se mueve en un patrón similar a la letra "W" (doble fondo) o "M" (doble techo). El análisis doble superior e inferior se utiliza en el análisis técnico para explicar los movimientos en un valor u otra inversión, y se puede utilizar como parte de una estrategia comercial para explotar patrones recurrentes. Puedes encontrar la versión MT4 aquí. E
Filtro:
Suleiman Alhawamdah
1880
Suleiman Alhawamdah 2023.06.18 22:21 
 

We hope to update indicator, first remove the annoying green box because it is meaningless and takes up a lot of space on the screen and causes visual distortion, and we hope for some quality improvements and search for deals

Aravind Kolanupaka
8935
Aravind Kolanupaka 2022.03.29 17:49 
 

Nicely done. This indicator shows pattern, levels to trade and the best part is confirmation arrow showing direction.

Respuesta al comentario
Versión 1.10 2019.04.03
- Added trend contunation Signal
- User Parameter "Enable continuation signal" added
- User Parameter "Enable reversal signal" added