Candlestick Sample Scanner: Information and Information – Buying and selling Methods – 8 February 2022

Date:


All in One Candlestick Sample Scanner, Multi Timeframe and Multi Image

Product Web page MT5: click on right here

Product Web page MT4: click on right here

You possibly can obtain the demo model (Demo model works solely on M4,M5,M6,M12,H3,H8 timeframes) from backside of the web page.

 

INPUT PARAMETERS:

Candlestick Pattern Scanner 1
  • Load Symbols from:Choose the supply of the symbols for load into the panel, it may be market watch or comma separated image names from the following parameter.
  • Image Checklist:Comma separated listing of image names to indicate within the panel, ignore this parameter if you choose market watch as supply of symbols.
  • Timefrme Checklist:Enter comma separated listing of timeframes for exhibiting in panel, like: M1,M15,H4,D1.

 

Allow/Disable Candlestick Patterns:

On this part you’ll be able to allow and disable completely different candlestick sample varieties that scanner exhibits on the panel.

  • <Doji> Max physique top (factors):For those who set this parameter=0, then doji patterns will need to have equal open and shut costs, however in case you for instance set the parameter=5 then open and shut costs might be as much as 5 factors completely different.
Candlestick Pattern Scanner 2

International Settings for Candlestick Patterns:

  • Foreign exchange Mode:Some patterns want a spot between candles and this does not occur a lot in foreign exchange charts, allow this parameter to disregard the necessity for gaps in patterns. You possibly can set this parameter to false if you wish to use this scanner on markets apart from foreign exchange.
  • Use common physique filter:If set to true, the physique (distinction between shut and open) of the primary candle of the sample should be larger than the typical physique of earlier candles (test two following parameters).
  • Common Physique Issue:How a lot physique of the primary candle of the sample should be larger than common of earlier candles. For instance, in case you set this parameter=1.2, then candle should be at the least 1.2 occasions larger than common of earlier candles. If this parameter=1 then this candle should be simply larger than common of earlier candles.
  • Common Physique Interval:Variety of earlier candles that should be use for averaging.
  • Use huge candle filter:If set to true, physique (distinction between shut and open) of the primary candle of the sample should be larger than the physique of all earlier candles (test the 2 following parameters).
  • Large Candle Issue:What number of occasions first candle of the sample should be larger than earlier candles.
  • Large Candle Interval:Variety of earlier candles that the primary candle of the sample should be larger than them.

 

Shadow Settings for Hammer, Inverted hammer, Hanging man, Taking pictures star:

  • Min. ratio of tail size to physique size:What number of occasions the principle shadow (tail) of the candle should be larger than the physique of the candle. For instance, in case you set this parameter=1.2, then foremost shadow should be at the least 1.2 occasions larger than the physique of candle. If this parameter=1 then foremost shadow should be simply larger than physique of the candle.
  • Min. ratio of tail size to nostril size:What number of occasions the principle shadow (tail) of the candle should be larger than the small shadow (nostril) of the candle. For instance, in case you set this parameter=1.2, then foremost shadow should be at the least 1.2 occasions larger than the small shadow of candle. If this parameter=1 then foremost shadow should be simply larger than the small shadow.
  • Bullish physique for hammer & inverted hammer:If set to true, physique of the hammer & inverted hammer candles should be bullish.
  • Bullish physique for hanging man & taking pictures star:If set to true, physique of the hanging man & taking pictures star candles should be bullish.
  • Use common shadow filter:If set to true, tail of the candle of the sample should be larger than the typical physique measurement of the earlier candles (test the 2 following parameters).
  • Common shadow Issue:How a lot of the tail of the candle within the sample should be larger than the typical physique measurement of the earlier candles.
  • Common shadow Interval:Variety of earlier candles that should be use for averaging.
  • Use huge shadow filter:If set to true, the tail of the sample’s candle should be larger than physique of all earlier candles (test the 2 following parameters)
  • Large shadow Issue:What number of occasions the tail of sample’s candle should be larger than earlier candles.
  • Large shadow Interval:Variety of earlier candles that the tail of sample’s candle should be larger than them.

Candlestick Pattern Scanner 3

Assist and Resistance Settings:

Please test shved provide and demand indicator to see how zones change based mostly on these parameters.

  • Present S/R zones on panel: if set to true, scanner checks all timeframes of all symbols, and if symbols worth or candlestick patterns are inside help or resistance zones then it modifications the background coloration of the associated cell based mostly on the kind of the zone. Additionally in case you transfer the mouse cursor to the cell you’ll be able to see the power of the zone on the popup textual content.
  • Alert provided that sample is inside S/R zones:If set to true, the alert solely triggers if candlestick sample is shaped contained in the help and resistance zones.
  • Discover Weak Zones:If set to false, weak zones will not present in panel and alert will not set off for them.
  • Discover Untested Zones:If set to false, untested zones will not present in panel and alert will not set off for them.
  • Discover Damaged Zones:If set to false, damaged zones will not present in panel and alert will not set off for them.
  • Lengthen Zones:if set to true, EA goes dipper in historical past bars to seek out help and resistance zones. The outcome can be extra and typically wider zones.
  • Ignore Close to Weak & Vast Zones:If set to true, EA ignores the weak and damaged zones that their distance to subsequent stronger zone is lower than their width.
  • Zone ATR Issue:Adjustments zone top based mostly on ATR indicator values, much less worth means thinner and extra correct zones, however much less likelihood to set off the alert.

 

Alert Settings:

  • Present Alert:Present popup alert when the chosen patterns seem within the chosen timeframes of the chosen symbols.
  • Ship Push Notification:Ship push notification to cell phone when panel alert triggers (you must set metatrader Notifications choices).
  • Ship E mail:Ship e-mail when panel alert triggers (you must set metatrader E mail choices).
  • Allow alert for symbols on startup:Allow alert for all symbols when attaching the EA to chart. You may also allow/disable alert for every image by clicking on its cell on the panel.
  • Allow alert for timeframes on startup:Allow alerts for all timeframes when attaching the EA to the chart. You may also allow/disable alert for every timeframe by clicking on its cell on the panel.
  • Colour of symbols and TFs when alert is allow: Colour for image and timeframe cells when alert is enabled.
  • Colour of symbols and TFs when alert is disable: Colour for image and timeframe cells when alert is disabled.
  • No alert when Algo Buying and selling is disable:If true, then you’ll be able to disable alerts by disabling “Algo buying and selling” button on metatrader terminal.

Candlestick Pattern Scanner 4

Panel Settings:

  • Header Colour:Colour of the header of the panel.
  • Textual content Colour:Colour of image and timeframe textual content.
  • Border Colour:Colour of borders of the panel and its cells.
  • Colour for Bullish patterns:Colour for the textual content of bullish candlestick patterns.
  • Colour for Bearish patterns:Colour for the textual content of bearish candlestick patterns.
  • Colour for Impartial patterns:Colour for the textual content of impartial candlestick patterns (doji and double inside patterns).
  • Resistance zone coloration:Colour for cells that present resistance zones.
  • Assist zone coloration:Colour for cells that present help zones.
  • Peak of Panel Rows:Peak of the panel rows.
  • Width of Symbols Column:Width of first column of the panel that exhibits the image names.
  • Width of Timeframe Columns:Width of different columns of the panel.
  • Panel Distance from Left:Panel distance from left of the chart.
  • Panel Distance from High:Panel distance from high of the chart.
  • Textual content Font Title:Font identify of panel textual content.
  • Font Measurement:Font measurement of panel textual content.
  • Open chart by clicking on desk cells:By enabling this parameter once you see a sample on the panel, you’ll be able to click on on its cell to open the chart of that sample. You may also save your required chart template as “default.tpl” and it’ll apply on the newly opened chart.

How one can use the Candlestick Sample Scanner Bridge in professional advisors:

This bridge is a quick and light-weight model of Candlestick Sample Scanner (a separate file from the principle scanner) that you need to use within the code of professional advisors and indicators to test completely different candlestick patterns and S/R zones for all metatrader timeframes.

Graphical objects are faraway from the bridge however all vital choices are preserved so you’ll be able to management the specs of patterns like the principle scanner.

There are 2 buffers within the bridge you could load them with iCustom perform in your EA or indicator code to test if a candlestick sample shaped within the chart and if the sample or chart worth is inside a help or resistance zone. With these buffers you’ll have the kind of the patterns and the sort (help,resistance) and power (weak,damaged,untested,verified,confirmed) of the zones for all chart timeframes.

So in your EA you’ll have 2 buffers, 1 buffer for candlestick sample kind and 1 buffer to indicate S/R zone kind and power, every buffer has 9 worth for 9 timeframe of MT4 (21 values for 21 timeframe of MT5), first worth for M1 and the final worth for MN1 timeframe. For instance you’ll be able to identify buffers akin to:

  • pattern_type[]       // kind of the candlstick sample for all timeframes
  • sr_zone[]              // kind and power of help resistance zones for all timeframes

Every of the above buffers may have 9 (for MT4) or 21 (for MT5) values. For pattern_type buffer every worth might be between 0 and 10 (representing S/R zone kind and power) and for sr_zone buffer every worth might be between 0 and 31 (representing candlestick sample kind).

  • If the worth of the pattern_type buffer for a timeframe is 0 this implies there is no sample in that timeframe.
  • If the worth of the pattern_type buffer for a timeframe isn’t 0 and the worth for sr_zone buffer isn’t 0, this implies candlestick sample shaped inside a S/R zone.
  • If the worth of the pattern_type buffer for a timeframe is 0 however the worth for sr_zone buffer isn’t 0, this implies chart’s worth is inside a S/R zone.

For MT4, the vary of arrays can be from 0 to eight, 0 for the M1 timeframe and eight for the MN1 timeframe. For instance:

  • pattern_type[0] is for the M1 timeframe and its worth exhibits the sample kind (for instance 4 means hammer sample)
  • sr_zone[5] is for H4 timeframe and its worth exhibits the sort and power of S/R zone (for instance 8 means untested resistance zone)

For MT5, the vary of arrays can be from 0 to twenty, 0 for the M1 timeframe and 20 for the MN1 timeframe. For instance:

  • pattern_type[0] is for M1 timeframe and its worth exhibits the sample kind (for instance 4 means hammer sample)
  • sr_zone[4] is for M5 timeframe and its worth exhibits the sort and power of S/R zone (for instance 4 means verified help)
  • sr_zone[14] is for H4 timeframe and its worth exhibits the sort and power of S/R zone (for instance 8 means untested resistance zone)

You possibly can see the that means of all of the values for buffers within the pattern EA you acquired with the bridge.

To see learn how to implement the bridge in your code, please consult with the pattern EA you acquired with the bridge.

DOWNLOAD DEMO:

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