
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)