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The Large Bullish/Bearish Candle Scanner Dashboard is a complete software designed to determine vital bullish and bearish candlestick patterns throughout a number of foreign money pairs and timeframes. By leveraging numerous analytical strategies, this dashboard gives merchants with real-time insights into potential market actions, enhancing decision-making processes.
you’ll be able to obtain the MT5 model right here Large Candle Scanner Dashboard MT5
Key Options
Multicurrency Monitoring:
Scans a variety of foreign money pairs, together with main, minor, and unique pairs. Helps extra symbols like BTCUSD and XAUUSD for diversified buying and selling alternatives.
Multi-Timeframe Evaluation:
Screens alerts throughout numerous timeframes, from M1 to MN1. Permits customization to allow or disable scanning for particular person timeframes based mostly on buying and selling methods.
Complete Candle Evaluation:
Employs a number of strategies to detect vital candlestick patterns: Candle Measurement Relative to Common: Identifies candles whose dimension exceeds a specified a number of of the typical candle dimension over an outlined interval. Quantity Affirmation: Detects candles with volumes surpassing a set multiplier of the typical quantity, indicating robust market participation. Open-Shut Distinction: Highlights candles the place the open-close vary constitutes a major proportion of the overall candle vary, signaling decisive market strikes. Physique Measurement vs. Wick Measurement: Finds candles with our bodies considerably bigger than their wicks, suggesting robust shopping for or promoting stress. Dynamic Vary Filters: Makes use of the Common True Vary (ATR) to determine candles with ranges exceeding a a number of of the ATR, adapting to market volatility.
Customizable Alerts and Notifications:
Gives real-time alerts by means of pop-ups, emails, or push notifications, making certain merchants are promptly knowledgeable of serious market occasions.
Person-Pleasant Interface:
Shows detected patterns in a transparent, organized grid format, indicating the kind of sample and the variety of candles since its incidence. Gives customization choices for textual content dimension, panel dimensions, and coloration schemes to go well with particular person preferences.
How It Works
The dashboard constantly scans chosen symbols and timeframes, making use of the required analytical strategies to detect vital bullish or bearish candles. When a sample assembly the outlined standards is recognized, it’s displayed on the dashboard, and alerts are triggered as configured.
Enter Parameters
Common Settings:
EnableCandleSizeCheck : Allow/disable the Candle Measurement Relative to Common examine. EnableVolumeCheck : Allow/disable the Quantity Affirmation examine. EnableOpenCloseCheck : Allow/disable the Open-Shut Distinction examine. EnableBodyWickCheck : Allow/disable the Physique Measurement vs. Wick Measurement examine. EnableRangeCheck : Allow/disable the Dynamic Vary Filters examine.
Candle Measurement Relative to Common Settings:
Lookback_Period : Variety of candles to calculate the typical dimension. Size_Threshold_Multiplier : Multiplier to outline what constitutes a “large” candle.
Quantity Affirmation Settings:
Volume_Lookback_Period : Variety of candles to calculate the typical quantity. Volume_Threshold_Multiplier : Multiplier to find out vital quantity.
Open-Shut Distinction Settings:
OpenClose_Threshold_Percentage : Minimal proportion of the overall vary that the open-close distinction should signify to be thought of vital.
Physique Measurement vs. Wick Measurement Settings:
BodyWick_Ratio : Minimal ratio of physique dimension to mixed wick sizes to determine robust candles.
Dynamic Vary Filters Settings:
ATR_Period : Variety of durations for calculating the Common True Vary. ATR_Multiplier : Multiplier to outline the edge for vital candle vary based mostly on ATR.
Circumstances Carried out
Candle Measurement Relative to Common:
A candle is taken into account vital if its dimension exceeds the typical candle dimension (calculated over Lookback_Period ) multiplied by Size_Threshold_Multiplier .
Quantity Affirmation:
A candle’s quantity is deemed vital if it surpasses the typical quantity (over Volume_Lookback_Period ) multiplied by Volume_Threshold_Multiplier .
Open-Shut Distinction:
A candle is flagged if absolutely the distinction between its open and shut costs is bigger than or equal to OpenClose_Threshold_Percentage of the overall candle vary (excessive minus low).
Physique Measurement vs. Wick Measurement:
A candle is recognized as robust if its physique dimension is bigger than the mixed higher and decrease wick sizes multiplied by BodyWick_Ratio .
Dynamic Vary Filters:
A candle’s vary is taken into account vital if it exceeds the Common True Vary (calculated over ATR_Period ) multiplied by ATR_Multiplier .
Why Select This Dashboard?
The Large Bullish/Bearish Candle Scanner Dashboard presents a sturdy resolution for merchants in search of to determine vital market actions throughout numerous devices and timeframes. Its complete evaluation strategies, real-time alerts, and customizable interface make it a useful software for enhancing buying and selling methods and enhancing market entry and exit choices.
Be aware: For optimum efficiency, be certain that the symbols to be scanned are seen within the Market Watch window, and alter the enter parameters to align together with your particular buying and selling preferences and threat administration tips.
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