PA Patterns Scaner – display of patterns of Price Action
PA Patterns Scaner indicator searches and displays in the form of rectangles seven Patterns of Price Action (Pin Bar, OVB, TBH, DBHLC (DBLHC), Rails, PPR, WRB) in Metatrader 4 and Metatrader 5. It is enough to change the file extension from mq4 to mq5.
Characteristics of PA Patterns Scaner
Platform: Metatrader4 and Metatrader5
Currency pairs: Any currency pairs
Trading Time: Around the clock
Timeframe: Any, M5 and higher
PA Pattern Scaner settings
PA Patterns Scaner – display of patterns of Price Action
The indicator settings allow you to enable or disable the search for each of the patterns (Is Display DB Patterns? Is Display Rails Pattern?, etc). Also in the external parameters are displayed such settings as:
Valid diviation of Hi/Lo to equal (point) – Allowed deviation in points at which High or Low bars are considered equal (for DB and TB patterns)
Max. Candles Body Ratio (%) – Maximum superiority of bodies of one of the candles, in % (for the Rails pattern)
Ratio of Candles Body to It Height (%) – Minimum ratio of the candle body to its height, in % (for the Rails pattern)
Affinity Close Price to Candle Hi-Lo (point) – The closeness of the closing price to a minimum or a maximum, in points (for Pin-Bar)
Minimum of Shadow to Body Candle Ratio – Minimum ratio of candle shadow to its body (for Pin-Bar)
Minimum Part of Shadow Outsiding for Previous Bar (%) – The minimum part of the shadow serving for the previous bar, in % (for Pin-Bar)
With the “General Settings” you can:
Set the depth of history from where the pattern search will be made (0 – the entire history available) – “Number of History Bar to Display Patterns”
Enable or disable overlapping patterns – “Is Display Overlaped Patterns?”
Enable or disable fill of the rectangle by color -“Fill Rectangle by Color”
Select the line style of the rectangle if the fill is off – “Rectangle Line Style”
Minimum of Shadow to Body Candle Ratio – Minimum ratio of candle shadow to its body (for Pin-Bar)
Select the thickness of the rectangle line – “Rectangle Line Thickness”
PA Patterns Scaner – display of patterns of Price Action
Pointing the mouse pointer over the edge of the rectangle will show a hint in which the pattern type (PPR, OVB etc), its direction (BULL_TYPE or BEAR_TYPE) and the time of its formation (2017.05.26 09:30):
PA Patterns Scaner – display of patterns of Price Action
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