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Candlestick Pattern Scanner: Full Description of Parameters – Trading Systems – 24 August 2021


Knowledgeable Advisor: Candlestick Sample Scanner, Multi Timeframe and Multi Image

Full Description of Parameters

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INPUT PARAMETERS:

Candlestick Pattern Scanner Params 1

  • Load Symbols from: Choose the supply of the symbols for loading into panel, it may be market watch or comma separated image names from subsequent parameter.
  • Image Checklist: Comma separated checklist of image names for exhibiting in panel, ignore this parameter in case you chosen market watch as supply of symbols.
  • Timefrme Checklist: Enter comma separated lest of timeframes for exhibiting in panel, like: M1,M15,H4,D1.

Allow/Disable Candlestick Patterns:

On this part you’ll be able to allow and disable totally different candlestick sample varieties that scanner exhibits on the panel.

<Doji> Max physique peak (factors): In the event you set this parameter=0, then doji patterns will need to have equal open and shut costs, however in case you for instance set the parameter=5 then open and shut costs could be as much as 5 factors totally different.

Candlestick Pattern Scanner Params 2

International Settings for Candlestick Patterns:

  • Foreign exchange Mode: Some patterns want hole between candles and this does not occur a lot in foreign exchange charts, allow this parameter to disregard the necessity for gaps in patterns. You’ll be able to set this parameter to false if you wish to use this scanner on markets aside from foreign exchange.
  • Use common physique filter: If set to true, physique (distinction between shut and open) of the primary candle of the sample should be larger than common physique of earlier candles (test two following parameters).
  • Common Physique Issue: How a lot physique of the primary candle of the sample should be larger than common of earlier candles. For instance, in case you set this parameter=1.2, then candle should be at the very least 1.2 instances larger than common of earlier candles. If this parameter=1 then this candle should be simply larger than common of earlier candles.
  • Common Physique Interval: Variety of earlier candles that should be use for averaging.
  • Use huge candle filter: If set to true, physique (distinction between shut and open) of the primary candle of the sample should be larger than physique of all earlier candles (test two following parameters).
  • Large Candle Issue: What number of instances first candle of sample should be larger than earlier candles.
  • Large Candle Interval: Variety of earlier candles that the primary candle of the sample should be larger than them.

Shadow Settings for Hammer, Inverted hammer, Hanging man, Taking pictures star:

  • Ratio of essential shadow size to physique size: What number of instances essential (larger) shadow of the candle should be larger than physique of the candle. For instance, in case you set this parameter=1.2, then essential shadow should be at the very least 1.2 instances larger than physique of candle. If this parameter=1 then shadow should be simply larger than physique of the candle.
  • Ratio of essential shadow size to small shadow size: What number of instances essential (larger) shadow of the candle should be larger than small shadow of the candle. For instance, in case you set this parameter=1.2, then essential shadow should be at the very least 1.2 instances larger than small shadow of candle. If this parameter=1 then essential shadow should be simply larger than small shadow.
  • Bullish physique for hammer & inverted hammer: If set to true, physique of the hammer & inverted hammer candles should be bullish.
  • Bullish physique for hanging man & taking pictures star: If set to true, physique of the hanging man & taking pictures star candles should be bullish.
  • Use common shadow filter: If set to true, shadow of the candle of the sample should be larger than common physique dimension of earlier candles (test two following parameters).
  • Common shadow Issue: How a lot shadow of the candle of the sample should be larger than common physique dimension of earlier candles.
  • Common shadow Interval: Variety of earlier candles that should be use for averaging.
  • Use huge shadow filter: If set to true, shadow of the sample’s candle should be larger than physique of all earlier candles (test two following parameters).
  • Large shadow Issue: What number of instances the shadow of sample’s candle should be larger than earlier candles.
  • Large shadow Interval: Variety of earlier candles that the shadow of sample’s candle should be larger than them.

Candlestick Pattern Scanner Params 3

Assist and Resistance Settings:

Please test shved supply and demand indicator to see how zones change primarily based on this parameters.

  • Present S/R zones on panel: if set to true, scanner checks all timefrasmes of all symbols, and if symbols value or candlestick patterns are inside help or resistance zones then it modifications the background shade of associated cell primarily based on the kind of the zone. Additionally in case you transfer the curser on the cell you’ll be able to see power of the zone on the popup textual content.
  • Alert provided that sample is inside S/R zones: If set to true, alert solely triggers if candlestick sample are fashioned inside help and resistance zones.
  • Discover Weak Zones: If set to false, weak zones will not present in panel and alert will not set off for them.
  • Discover Untested Zones: If set to false, untested zones will not present in panel and alert will not set off for them.
  • Discover Damaged Zones: If set to false, damaged zones will not present in panel and alert will not set off for them.
  • Lengthen Zones: if set to true, EA goes dipper in historical past bars to search out help and resistance zones. The consequence shall be extra and generally wider zones.
  • Ignore Close to Weak & Huge Zones: If set to true, EA ignores the weak and damaged zones that their distance to subsequent stronger zone is lower than their width.
  • Zone ATR Issue: Adjustments zone peak primarily based on ATR indicator values, much less worth means thinner and extra correct zones, however much less likelihood to set off the alert.

Alert Settings:

  • Present Alert: Present popup alert when selectet patterns apear in chosen timeframes of chosen symbols.
  • Ship Push Notification: Ship push notification to cell phone when panel alert triggers (it is best to set metatrader Notifications choices).
  • Ship Electronic mail: Ship e-mail when panel alert triggers (it is best to set metatrader Electronic mail choices).
  • Allow alert for symbols on startup: Allow alert for all symbols when attaching the EA to chart. It’s also possible to allow/disable alert for every image by clicking on its cell on the panel.
  • Allow alert for timeframes on startup: Allow alert for all timeframes when attaching the EA to chart. It’s also possible to allow/disable alert for every timeframe by clicking on its cell on the panel.
  • Colour of symbols and TFs when alert is allow: Colour for symbols and timeframe cells when alert is allow.
  • Colour of symbols and TFs when alert is disable: Colour for symbols and timeframe cells when alert is disable.
  • No alert when Algo Buying and selling is disable: If true, then you’ll be able to disable alerts by disabling “Algo buying and selling” button of metatrader terminal. That is helpful if you end up working indicator on many charts and also you need to disable alert for all of them directly.

Candlestick Pattern Scanner Params 4

Panel Settings:

  • Header Colour: Colour of header of the panel.
  • Textual content Colour: Colour of image and timeframe texts.
  • Border Colour: Colour of borders of the panel and its cells.
  • Colour for Bullish patterns: Colour for the textual content of bullish candlestick patterns.
  • Colour for Bearish patterns: Colour for the textual content of bearish candlestick patterns.
  • Colour for Impartial patterns: Colour for the textual content of impartial candlestick patterns (doji and double inside patterns).
  • Resistance zone shade: Colour for cells that present resistance zones.
  • Assist zone shade: Colour for cells that present help zones.
  • Top of Panel Rows: Top of the panel rows.
  • Width of Symbols Column: Width of first column of the panel that exhibits the image names.
  • Width of Timeframe Columns: Width of different columns of the panel.
  • Panel Distance from Left: Panel distance from left of the chart.
  • Panel Distance from High: Panel distance from prime of the chart.
  • Textual content Font Identify: Font identify of panel texts.
  • Font Measurement: Font dimension of panel texts.
  • Open chart by clicking on desk cells: By enabling this parameter while you see a sample on the panel, you’ll be able to click on on its cell to open the chart of that sample. It’s also possible to save your required chart template as “default.tpl” and it’ll apply on new opened chart.



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