Bheurekso Pattern with Alert
Category: Indicator Version: 2.02
The Bheurekso Pattern Indicator for MT5 helps traders automatically identify candlestick pattern that formed on the chart base on some japanese candle pattern and other indicator to improve accurate. This indicator scans all candles, recognizes and then displays any candle patterns formed on the chart. The candle displayed can be Bullish or Bearish Engulfing, Bullish or Bearish Harami, and so on. There are some free version now but almost that is repaint and lack off alert function. With this version I solve all problem and add option to choose what pattern should show.
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The Bheurekso Pattern Indicator for MT5 helps traders automatically identify candlestick pattern that formed on the chart base on some japanese candle pattern and other indicator to improve accurate. This indicator scans all candles, recognizes and then displays any candle patterns formed on the chart. The candle displayed can be Bullish or Bearish Engulfing, Bullish or Bearish Harami, and so on. There are some free version now but almost that is repaint and lack off alert function. With this version I solve all problem and add option to choose what pattern should show.
Version 2.0:
+ add dashboard for multi timeframe
+ add confirm signal by Donchian channel
This indicator is especially effective on large frames (h4-img1-xauusd, D1-img2-xauusd)
Setup Strategy
Time frame 15 min or higher. Best time frame H4 daily and weekly. The indicator has been shown to perform better at high time frames
Currency pairs:any.
Metatrader 5 indicators:
Candle time
Support an resistance indicator
Bheurekso Pattern
Moving average
Trend line
Stochastic Oscillator MTF (10,3,3)
Pallada Assistant
Currency Strength
Trading rules Trades only in the direction of the trend.
Buy
Bheurekso Pattern buy signal.
Price above MA green color.
Stochastic oscillator MTF a time frame more higher crosses upward.
Pallada Assistant must agree.
Tren line below the candles (optional).
Price above level of support (optional).
Sell
Bheurekso Pattern sell signal.
Price below MA red color.
Stochastic oscillator MTF a time frame more higher crosses upward.
Pallada Assistant must agree.
Tren line above the candles (optional).
Price below level of resistance (optional).
If there is a buy or sell pattern signal but the average has not yet crossed, or the average is expected to change direction, or if the stochastic has already crossed, you can enter a position.
Exit position
Place initial stop loss below/above the previous swing high/low..
Profit target ratio stop loss minimum 1:1 before level of support or resistance.
Category: Version: 1.02
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Category: Version: 1.00
Adrian MOROSAN (2011) examined the same set of data using both traditional and modified RSI. He also incorporated trading volume in the method's calculating formula. Finally, findings acquired using the indicator's traditional form will be compared to those obtained using the modified version. He found that, in comparison to the original form, his version resulted in a greater advantage when a different, even opposing interpretation was used. And, in the alternative case, it resulted in much larger losses. This implies that the study indicates that short-term trends will persist, at least temporarily. It seems as if the conventional view is incorrect, while the alternative understanding produces beneficial results. Using the RSI version that we suggest yields the best results. Based on his research, we have created an indicator on MT5 that allows finding and confirming price reversal points.
Category: Version: 1.01
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Category: Version: 2.06
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Category: Version: 2.02
The Bheurekso Pattern Indicator for MT5 helps traders automatically identify candlestick pattern that formed on the chart base on some japanese candle pattern and other indicator to improve accurate. This indicator scans all candles, recognizes and then displays any candle patterns formed on the chart. The candle displayed can be Bullish or Bearish Engulfing, Bullish or Bearish Harami, and so on. There are some free version now but almost that is repaint and lack off alert function. With this version I solve all problem and add option to choose what pattern should show.
Category: Version: 1.00
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Category: Version: 1.02
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