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Seeking advice on scanners

  • Post #1
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  • First Post: Feb 6, 2017 8:33am Feb 6, 2017 8:33am
  •  Bk55
  • | Joined Jun 2016 | Status: Member | 2,646 Posts
Hello.. all
I am thinking of renting a pattern scanner for detecting wedges flags ect
what are your thoughts on scanners also if you could recomend a good provider or indicator.
many thanks.
Turn your wounds into wisdom
  • Post #2
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  • Feb 6, 2017 10:26pm Feb 6, 2017 10:26pm
  •  profitkeeper
  • Joined May 2010 | Status: Member | 377 Posts
There are many free ones here and other sources.
You mentioned wedges and flags. A wedge scanner is part of a scanner that Oanda offers for free. Just open a demo account and get it. I am attaching a flag indie.
Attached File
File Type: mq4 flag_and_pennant.mq4   38 KB | 206 downloads
 
 
  • Post #3
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  • Feb 7, 2017 4:03am Feb 7, 2017 4:03am
  •  hyper.trader
  • | Joined Jan 2017 | Status: Junior Member | 7 Posts
Surely scanners can be very helpful as sometimes it gets really difficult to recognise a pattern and its truthfulness within different time frames. You can get with the broker and other online sources as well.
 
 
  • Post #4
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  • Feb 7, 2017 12:19pm Feb 7, 2017 12:19pm
  •  Bk55
  • | Joined Jun 2016 | Status: Member | 2,646 Posts
Quoting profitkeeper
Disliked
There are many free ones here and other sources. You mentioned wedges and flags. A wedge scanner is part of a scanner that Oanda offers for free. Just open a demo account and get it. I am attaching a flag indie. flag_and_pennant.mq4;2175508 {file}
Ignored

I will open a demo with Oanda..I downloaded the indicator.
many thanks m8.
Turn your wounds into wisdom
 
 
  • Post #5
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  • Last Post: May 4, 2017 9:38am May 4, 2017 9:38am
  •  HenryT
  • | Joined May 2017 | Status: Junior Member | 1 Post
Hello, I am interested in scanners for currency trading MT4 platform. If anybody could assist would be greatly appreciated! I saw a person using this scanners on youtube channel of warrior trading, and the person was using them quit well. As i understand the scanners are telling him following things (except of time and stock name et.):

1. which stocks are overbought/oversold on RSI indicators
2. candlestick patterns (consecutive bull/bear candles, (you can manually adjust on how many consequtive bull/bear candels scanner will alert))
3. It also shows the volume of a stock, and as i understand volume is not applicable for currencies (please comment on this, and any ideas for substition?)
4. one column also says "rel. volume" any ideas what is it?

thank you in advance

the scanners are shown in this video

https://www.youtube.com/watch?v=tNxTT6KFWxk
 
 
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