Pattern 1-2-3

[Alexander.Gettinger]

1-2-3 pattern - known reversal market pattern.

Down pattern:
After maximum 1 follows minimum 2 and maximum 3 (more low than 1).
Up pattern:
After minimum 1 follows maximum 2 and minimum 3 (more high than 1).

For identification minimums and maximums used advanced fractals (viewtopic.php?f=17&t=724).

Download:

Pattern123.lua

(4.83 KiB) Downloaded 3212 times

MT4 version
https://fxcodebase.com/code/viewtopic.php?f=38&t=74716

[dlouisbriggs]

In practical application I have found the use of high/low pricing to be erratic when price shocks occur. I believe the pattern would prove more predictive if the the Regression Line indicator (set at 2 periods) were to be utilized for the identification of the pattern. Would it be possible to get a version of this pattern using the Regression Line pricing instead?

[Apprentice]

Indicator was revised and updated.

[ahmedalhosenyy]

Very nice indicator

Many thanks

[tkhanfx]

can we get MT4 version of this?

[Apprentice]

We have added your request to the development list.
Development reference 881.

[tkhanfx]

Hi. any update on this?

[Apprentice]

MT4 version
https://fxcodebase.com/code/viewtopic.php?f=38&t=74716