Harmonic Pattern Finder V3 - indicator for MetaTrader 5 Continuing on the in-demand software for automatically finding harmonic patterns, this is the third and most likely final version of the indicator known as the "Harmonic Pattern Finder". It addresses many of the issues found from the prior iterations, including bug fixes and other improvements. Furthermore, the code is extensively refactored such that it should be straightforward for ...
Triangles/Wedges These types of patterns develop as a result of contracting volatility which portend price expansion upon breakout. There are three types – symmetrical, ascending, and descending. Symmetrical triangles are the most neutral of the three variations as higher lows and lower highs converge towards the apex of the formation. If they develop early in a trend they tend to act more as an indication of pending continuation of the trend prior to development, however; ...
This is Merrill's patterns for downtrend: Merrill's patterns for uptrend: And this is the indicator to show М & W Wave Patterns by Merrill and support/resistance levels: FivePattern - indicator for MetaTrader 5
This article considers using the Rattle package for automatic search of patterns for predicting long and short positions of currency pairs on Forex. This article can be useful both for novice and experienced traders. More...
Every trader should have a variety of strategies available to apply to the markets. Having multiple strategies may seem like a complication at first, but having choices can allow traders to react quickly and be able to trade a variety of market conditions. Today we will start a new strategy series by reviewing how to trade inside bars. Let’s get started! What is an Inside bar? Inside bars are easily identified pricing ...
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