MTF MCP Candle Pattern View

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MTF MCP Candle Pattern View

Postby Apprentice » Thu Mar 03, 2016 7:09 am

MTF MCP CANDLE PATTERN VIEW (03-03-2016 1235).png

Algorithms are customized to the forex market.
Which will rarely have gap patterns.
MTF MCP Candle Pattern View.lua
(22.72 KiB) Downloaded 556 times

I'm open to suggestions about detection algorithm improvement.
Also, Code is open, you can add new patterns or modify detection algorithm.

The indicator was revised and updated
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Re: MTF MCP Candle Pattern View

Postby Coondawg71 » Fri Mar 04, 2016 2:30 pm

Great tool!

Actually, in the Fx market, Weekly openings will occasionally have gaps. Which is a great "formation" to trade. If you look at weekly openings, you will see they most likely reverse. Fx market is open prior to retail access and smart money gets orders in place prior to retail market. Hence the reversals commonly seen. So, if possible, are you able to display the gaps on the weekly time slot???


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Re: MTF MCP Candle Pattern View

Postby nchatzoglou » Fri Nov 18, 2016 11:36 am

This view is very helpfull but unfortunately it requires a few option-adjustments. Can you please add the option to see more than 4 bars? It is very crucial to know if the market is in consolidation or in a trending mode.4 bars are not enough to show its mode. It would also be very heplfull if the bars could take over the entire - small screen, from the bottom to the top. As it is now, a lot of space remains empty. What I mean is to make it Just like in Marketscope in automatic vertical adjustment...
Thank you for the great work anyway.
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