Tuesday, October 26, 2021
spot_img

Custom Pattern

The indicator searches for custom patterns specified in settings, and displays them on a chart. The pattern must be set as a text code, in which:

  • U is a bullish candlestick
  • D is a bearish candlestick
  • N is a candlestick of any type

For example:

  • If you write “UUD” in the indicator settings, the indicator will find and display all found “Bullish-Bullish-Bearish” candlestick patterns;
  • If you write “UUD” in the indicator settings, the indicator will find and display all found “Bullish-any-Bearish” candlestick patterns;

Patterns can only be specified using characters UD and N or ud and n.

The indicator can display specified patterns as well as mirror-mapped (reverse) ones.

It has two parameters:

  • Pattern (U – up, N – nothing, D – down) – pattern as a sequence of candlesticks;
  • Show reverse pattern – whether to display reverse patterns.
Fig.1 Pattern “UND” (Bullish-any-Bearish).
Fig.2 Pattern “UUD” (Bullish-Bullish-Bearish).


Fig.3 Pattern “UUD” (Bullish-Bullish-Bearish) with the display of reverse patterns enabled.


Previous articlePMF
Next articleChannel Ind
Metatrader Indicators
MetatraderIndicators.com was developed by Forex traders for traders. We wasted hours, probably years, looking for indicators, software and Forex broker reviews. Metatraderindicators.com is a hub for technical traders. It represents years of work, knowledge and experience. Enjoy and stay true to your passion.
102FansLike
0FollowersFollow
1FollowersFollow
0SubscribersSubscribe
spot_img

Top MT5 Forex Brokers