Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Price Action Scanner is an indicator that identifies price behaviors and provides alerts. This indicator can simultaneously detect signals for up to 6 different symbols across various timeframes. By setting a separator, you can add different symbol names and timeframes.
The indicator can detect multiple common signal types such as Pinbar, Engulfing Pattern, Inside Bar, Morning Star, Evening Star, Fakey, and display corresponding information in separate subcharts, indicating the direction of the signal. You can click the "Open Chart" button to display the chart of the respective symbol for better observation. Additionally, you can customize the color and size of each signal.
Signals are filtered based on trend conditions; it avoids suggesting long signals at the end of an uptrend and short signals at the end of a downtrend. For better accuracy in trading, it is recommended to use key levels in conjunction with these signals.
Parameters:
- Separator: Used to separate symbol names and timeframes, can only be one character (default is comma).
- Symbols (less than or equal to 6): Up to 6 symbol names separated by the separator.
- Timeframes: Specify the timeframes to monitor (1 for M1, 5 for M5, 15 for M15, 30 for M30, 60 for H1, 240 for H4, 1440 for D1).
- Send App message: Select 'true' to send signal information to your mobile MT4 app. Enable push notifications in MT4 on your PC ("Tools-Options-Notifications") and enter your MQID from the mobile app.
Due to varying data volumes across different timeframes and symbols, there may be delays when loading indicators. Please be patient. Additionally, for faster loading times, price action signals on charts are based on the most recent 600 candlesticks.
Furthermore, if you have any suggestions or encounter issues while using the indicator, feel free to discuss them with me.
