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Pattern 5W Scan MT5

Introduction

The Elliott Wave in technical analysis describes price movements in the financial market that are related to changes in trader sentiment and psychology.

The 5 W Pattern (Known as 3 Drives) is an Elliott Wave pattern that is formed by 5 consecutive symmetrical moves up or down. In its bullish form, the market is making 5 drives to a bottom before an uptrend forms. In a bearish 5-drive, it is peaking before the bears take over. 

5W Pattern Scanner Indicator

It is usually difficult for a trader to recognize 5W or Three drives patterns on a chart, as well as searching for dozens of charts and time frames will take time, and there is also a possibility of a trader's mistake in calculations. This indicator can automatically search all charts and time frames to find possible patterns in in one chart.

Searching, Fibonacci calculations and pattern recognition are completely the responsibility of the indicator; All you have to do is "press the scan button".


How To Trade?

All parameters necessary to enter the trade are calculated, such as entry point, stop-loss, and take-profit.
By observing the signal and deciding to trade, we enter the trade with the "set and forget" method.


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The Volumebyprice.com Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, posit
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- Real price is 80$ - 50% Discount ( It is 39$ now ) Contact me for instruction, any questions! Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into t
-   Real price is 200$   - 70% Discount (It is now 59$) - Pass your challenge in 1 hour Welcome to the next generation of trading,   HFT Prop Firm Bot only opens   one trade at a time   with   Highly profit,   Fixed Stop loss and Very low Draw-down. Live Monitoring (Passed in 1 day): myfxbook.com/portfolio/hft-prop-firm/11004800 No Martingale, No Grid, No Scam What is HFT Prop Firm? High-frequency trading (HFT) systems are based on sophisticated algorithms that can execute trades with lightenin
Contact me for instruction, any questions! Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. The second thing that the breakout and re
-   Real price is 70$   - 50% Discount ( It is 35$ now ) Contact me for instruction, any questions! Introduction A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move. The pattern usually forms at the midpoint of a full swing and shows the start of moving. Bullish flags can form after an uptrend, bearish flags can form after a downtrend. Flag Pattern Scanner Indicator It is usually difficult for a trade
It is FREE on EURUSD chart. All Symbols version! Contact me for any questions Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The   break and retest   strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. The
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-   Real price is 90$   - 50% Discount ( It is 45$ now ) Contact me for instruction, any questions! Introduction V Bottoms and Tops are popular   chart patterns   among traders due to their potential for identifying trend reversals. These patterns are characterized by sharp and sudden price movements, creating a V-shaped or inverted V-shaped formation on the   chart . By recognizing these patterns, traders can anticipate potential shifts in market direction and position themselves according
-   Real price is 70$   - 50% Discount ( It is 35$ now ) Contact me for instruction, any questions! Introduction The Elliott Wave in technical analysis describes price movements in the financial market that are related to changes in trader sentiment and psychology. The 5 W Pattern (Known as 3 Drives) is an Elliott Wave pattern that is formed by 5 consecutive symmetrical moves up or down. In its bullish form, the market is making 5 drives to a bottom before an uptrend forms. In a bearish 5-dri
-   Real price is 60$   - 50% Discount ( It is 30$ now ) Contact me for instruction, any questions! Introduction Triangle chart patterns are used in   technical analysis , which is a trading strategy that involves charts and patterns that help traders identify trends in the market to make predictions about future performance.   Triangle Pattern Scanner Indicator It is usually difficult for a trader to recognize classic patterns on a chart, as well as searching for dozens of charts and tim
Contact me for instruction, any questions! Introduction Chart patterns   are an essential tool traders and investors use to analyze the future price movements of securities. One such pattern is the triple bottom or the triple top pattern, which can provide valuable insights into potential price reversals. This pattern forms when a security reaches a low   price level   three times before reversing upward or reaches a high price level three times before reversing downward.   Triple Top Bottom
Contact me for instruction, any questions! Introduction V Bottoms and Tops are popular   chart patterns   among traders due to their potential for identifying trend reversals. These patterns are characterized by sharp and sudden price movements, creating a V-shaped or inverted V-shaped formation on the   chart . By recognizing these patterns, traders can anticipate potential shifts in market direction and position themselves accordingly.  V pattern is a powerful bullish/bearish reversal pattern
Contact me for instruction, any questions! Introduction A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move. The pattern usually forms at the midpoint of a full swing and shows the start of moving. Bullish flags can form after an uptrend, bearish flags can form after a downtrend. Flag Pattern Scanner Indicator It is usually difficult for a trader to recognize classic patterns on a chart, as well as sear
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