2B pattern

Description

The “2b pattern” allows you to detect the trend reversal after a false breakout.

It can be used in several ways:

• Detect the end of a trend
• Scalping volatility

This indicator works brilliantly and fits among the best common chart patterns, it is a pattern that forms very often on any timeframe.

Interface of the indicator

1. Depth: Value of the period, between a new maximum and a new minimum. This variable affects the size of the Pattern
2. Deviation : It is the maximum of points to discard a new extremum. This variable affects the size of the Pattern.
3. Backstep : is the maximum of bars to discard a new extremum and replace it, if a new one is found.
4. DelaySignal: 2B signal persistence bars (allows you to adjust the persistence time of the signal)

Set Alarm:

In ProRealTime you can use the alarm to receive a real-time notification of the signal. Using alarm you can know at any time if the 2B pattern is occurring on other markets and other time frames.

• Select the market
• Select the time frame
• Set the indicator on the chart or below the chart
• Set the alarm

Advantages of using the “2B pattern indicator”:

• Automatically identifies  “2B pattern Pattern” and plot them on the price graph.
• Compatible with all instruments
• Compatible with all ordinary timeframes and even on tick-charts!
• Compatible with Heikin ashi, Renko, Ticks, Kagi, Three Line Break, and more
• Any pattern size can be detected at the same time.
• The signal is given in real-time and allows you to operate without any delay
• This product works in any Futures, Forex or Stock/ETF Markets

*** LICENSE INCLUDES: LIFETIME USE AND ALL UPDATES ***