Graphic patterns indicator V11

Description

The “Graphic Patterns indicator V11” for ProRealTime version V11, allows you to view 7 graphic patterns simultaneously. It is of great help especially for Day Trading.

This indicator consent you do not to miss profit opportunities, and above all, it helps you do not to make mistakes in evaluation, showing you all the possible patterns present in the graph.

The Graphic Patterns indicator V11 finds the following patterns:

• Cup with Handle Graphic Pattern
• Double Top-Bottom Graphic Pattern
• Triple Top- Bottom Graphic Pattern
• Head and Shoulders Graphic Pattern
• Wolfe Waves Graphic Pattern
• 123 Swing Trading Graphic Pattern
• ABCD Graphic Pattern

During the formation of the pattern, the last point can be redesigned, exactly as it happens in reality. We can never be sure that the moment of inversion, or of a breakout, or of a restart  has arrived, however in the doctrine of the analysis technique, classic patterns have always been those deemed most reliable, by professional operators.

THIS INDICATOR IS SOLD WITH GRAPHIC PATTERNS SCANNER, A VERY POWERFUL TOOL THAT ALLOWS YOU TO VIEW THE GRAPHIC PATTERN THAT ARE OCCURRING IN THE HIGHEST TIMEFRAMES, AND RECEIVE NOTIFICATIONS FOR THE PATTERN THAT ARE OCCURRING IN THE ALARMED MARKETS

 

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HOW “GRAPHIC PATTERNS INDICATOR “WORKS:

• The search for the Pattern can be done using the following parameters of the Fractal point indicator:
  • Depth
  • Deviation
  • BackStep

Interface of the Graphic patterns V11 is very simple:

1. 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. Accuracy: It makes it possible to establish the alignment to the theoretical  retracement value of the pattern. You can observe a wide variety of patterns without discarding any possibility, or you can have an opportunity to have filtered too severely. The 80% is the default threshold, but it is up to you to configure this parameter according to your own style!
   5. R: To set up colour “Red” from 0 to 255 of the Bull pattern
   6. G: To set up colour “Green” from 0 to 255 of the Bull pattern
   7. B: To set up colour “Blu” from 0 to 255 of the Bull pattern
   8. R1: To set up colour “Red” from 0 to 255 of the Bear pattern
   9. G1: To set up colour “Green” from 0 to 255 of the Bear pattern
   10. B1: To set up colour “Blu” from 0 to 255 of the Bear pattern
   11. ZigZagLine: Show Fractal indicator to set up dimension of the pattern rapidly
   12. CupHandle: Enable detection of Cup with Handle Pattern
   13. DoubleTopBottom: Enable detection of Double Top/Double Bottom Pattern
   14. HeadShoulders: Enable detection of Head and Shoulders Pattern
   15. WolfWaves: Enable detection of Wolf Waves Pattern
   16. TripleTopBottom: Enable detection of Triple Top/Triple Bottom Pattern
   17. Swing123: Enable detection of 123 swing trading Pattern
   18. AbCd: Enable detection of Ab=Cd Pattern

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Advanteges of using the “Graphic patterns indicator V11”: