Page 1 of 1

MTF MCP Candle Pattern View

PostPosted: Thu Mar 03, 2016 7:09 am
by Apprentice
MTF MCP CANDLE PATTERN VIEW (03-03-2016 1235).png

Algorithms are customized to the forex market.
Which will rarely have gap patterns.
MTF MCP Candle Pattern View.lua
(22.72 KiB) Downloaded 920 times


I'm open to suggestions about detection algorithm improvement.
Also, Code is open, you can add new patterns or modify detection algorithm.

The indicator was revised and updated

Long Patterns
"Three White Soldiers (+)"
"Bullish Three Outside (+)"
"Bullish Three Inside (+)"
"Dragonfly Doji (+)"
"Hammer (+)

Short Patterns {"Three Black Crows (-)"
"Bearish Three Outside (-)"
"Bearish Three Inside (-)"
"Gravestone Doji (-)"
"HangingMan (-)"

Re: MTF MCP Candle Pattern View

PostPosted: Fri Mar 04, 2016 2:30 pm
by Coondawg71
Great tool!


Actually, in the Fx market, Weekly openings will occasionally have gaps. Which is a great "formation" to trade. If you look at weekly openings, you will see they most likely reverse. Fx market is open prior to retail access and smart money gets orders in place prior to retail market. Hence the reversals commonly seen. So, if possible, are you able to display the gaps on the weekly time slot???

thanks!!!

sjc

Re: MTF MCP Candle Pattern View

PostPosted: Fri Nov 18, 2016 11:36 am
by nchatzoglou
This view is very helpfull but unfortunately it requires a few option-adjustments. Can you please add the option to see more than 4 bars? It is very crucial to know if the market is in consolidation or in a trending mode.4 bars are not enough to show its mode. It would also be very heplfull if the bars could take over the entire - small screen, from the bottom to the top. As it is now, a lot of space remains empty. What I mean is to make it Just like in Marketscope in automatic vertical adjustment...
Thank you for the great work anyway.

Re: MTF MCP Candle Pattern View

PostPosted: Fri Dec 02, 2016 5:04 am
by Apprentice
Minor update.

Re: MTF MCP Candle Pattern View

PostPosted: Thu Oct 25, 2018 12:19 am
by Silverthorn
Hi Apprentice,

Can you please have a look at this View. It only displays Label 1 and Label 2 and does nothing like your description or your picture.

Cheers!!

Capture.PNG

Re: MTF MCP Candle Pattern View

PostPosted: Thu Oct 25, 2018 1:40 pm
by Apprentice
Try it now.
We intended for the indicator to be a template.
Only three White/Black Soldiers pattern was added.
We can add any new pattern on request if the definition is provided.

Re: MTF MCP Candle Pattern View

PostPosted: Fri Oct 26, 2018 10:10 pm
by Silverthorn
Thanks Apprentice. Really appreciate that. I think I'm getting it. :D

The addition of one more pattern would be very helpful to see the correct way to handle multiple patterns. Any pattern will do, perhaps the Bullish and Bearish Engulfing patterns shown in the original screen shot.

I'd also like to see how to implement another indicator stream to use as a confirmation signal like:-

and ATR[i][j][p0] > ATR[i][j][p1]

Lastly I accidently overwrote the original template when I downloaded the example version so no longer have it for comparison. Could you please make the original template version available for download as well again.


Thanks as always for your great work.

Cheers,
Mark

Re: MTF MCP Candle Pattern View

PostPosted: Sat Oct 27, 2018 7:00 am
by Apprentice
Long Patterns
"Three White Soldiers (+)"
"Bullish Three Outside (+)"
"Bullish Three Inside (+)"
"Dragonfly Doji (+)"
"Hammer (+)

Short Patterns {"Three Black Crows (-)"
"Bearish Three Outside (-)"
"Bearish Three Inside (-)"
"Gravestone Doji (-)"
"HangingMan (-)"

Re: MTF MCP Candle Pattern View

PostPosted: Wed Oct 31, 2018 4:01 am
by Silverthorn
Mate thank you sooooooo much. Excellent!!